Annual Hurdle definition

Annual Hurdle. For each of the 2015 – 2020 Fiscal Years (each such annual year, a “Performance Period”), Executive’s EVUs have been assigned a hurdle (each, an “Annual Hurdle”). The Annual Hurdle for (i) each of the 2015 through 2018 Performance Periods have been set by the Board of Directors of the Issuer (the “Board”) on or prior to the Grant Date and (ii) for the 2019 and 2020 Performance Periods have been set by the Board on the date of the First A&R Grant Agreement. •
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Annual Hurdle means the higher of:
Sample 1
Annual Hurdle means: (i) if the Closing occurs after September 30, 1997, $2.40 for the First Earn-Out Period; $2.53 for the Second Earn-Out Period; $2.65 for the Third Earn-Out Period; $2.83 for the Fourth Earn-Out Period; and $2.92 for the Fifth Earn-Out Period; and (ii) if the Closing occurs on or prior to September 30, 1997, $0.58 for the First Earn-Out Period; $2.40 for the Second Earn-Out Period; $2.53 for the Third Earn-Out Period; $2.65 for the Fourth Earn-Out Period; $2.83 for the Fifth Earn-Out Period; and $2.19 for the Sixth Earn-Out Period; provided, however, that in the event of a PREIT Recapitalization, the foregoing values shall be proportionately adjusted as appropriate for all Post-Recapitalization Earn-Out Periods with respect to such PREIT Recapitalization.
Sample 1

Examples of Annual Hurdle in a sentence

  • A number of notional units determined by dividing (x) the product of (i) the Annual Hurdle Attainment for the relevant Performance Period multiplied by (ii) the number of “applicable” EVUs for such Performance Period by (y) the EOY VWAP for such Performance Period.

  • Council is committed to ensuring its long term financial sustainability and is keen to ensure that objectives, goals and targets set in its various strategic planning documents are adhere to and met.

  • Despite the current market downtown, regional characteristics make the plan market realistic.

  • The amount by which the Annual Hurdle has been exceeded (the “Annual Hurdle Attainment”) for any Performance Period is the excess of (x) the sum of the EOY VWAP calculated above for such Performance Period, plus the Aggregate Distributions calculated above for such Performance Period, over (y) the Annual Hurdle for such Performance Period.

  • Notwithstanding the foregoing, if aggregate annual Site Revenues shall exceed (a) [***] (the "First Annual Hurdle") but is less than [***] (the "Second Annual Hurdle"), MP shall pay AOL an amount equal to [***] of the Transaction Revenues derived by MP between the First Annual Hurdle and the Second Annual Hurdle or (b) the Second Annual Hurdle, MP shall pay to AOL an amount equal to [***] of the Transaction Revenues derived by MP after the Second Annual Hurdle is met.

  • The Investment Manager shall be paid a fee equal to 100% percent (100%) of the Net Profit (according to GAAP) in excess of both an Eighteen percent (18%) Annual Hurdle Rate Of Return, and in excess of a High Water Mxxx of the first dollar of Thirty Five (35%) of Net Profit after the repayment of any Debt to each asset or project of the fund, but prior to any distribution to Investment Manager.

  • SLCLP has an interest in the proposed amendment to the definition of "Annual Hurdle" in the Partnership Agreement because the payment of its annual performance fee is derived from the Partnership’s pretax income in excess of the Annual Hurdle, as more particularly described under the heading "Matters Requiring Shareholder Approval – Amendment to Annual Hurdle".


More Definitions of Annual Hurdle

Annual Hurdle means, for any fiscal year of the Partnership, an amount equal to the product of the Average Annual Net Asset Value of the Partnership for such fiscal year multiplied by the average yield of the Canadian 30-Year Generic Bond Index (Bloomberg Ticker: GCAN30YR Index) or such successor index, or Canadian federal or provincial government bond having a term of approximately 30 years, as may be agreed to in writing by the Partners from time to time;
Sample 1
Annual Hurdle means the result of (a) the sum of the CP, FIP and FIIP, (b) multiplied by 20%.
Sample 1
Annual Hurdle means, for any fiscal year of the Partnership, an amount equal to the product of the Average Annual Net Asset Value of the Partnership for such fiscal year multiplied by the average yield of the Canadian 30-Year Generic Bond Index (Bloomberg Ticker: GCAN30YR Index) or such successor index, or Canadian federal or provincial government bond having a term of approximately 30 years, as may be agreed to in writing by the Partners from time to time.
Sample 1
Annual Hurdle means, for any fiscal year of the Partnership, an amount equal to the product of the Average Annual Net Asset Value of the Partnership for such fiscal year multiplied by: (i) for any period prior to and excluding September 7, 2013, the average yield of the Canadian 3 Year Generic Bond Index (Bloomberg Ticker: GCAN3YR Index) or such successor index, or Canadian federal or provincial government bond having a term of approximately 3 years, as may be agreed to in writing by the Partners from time to time, not to exceed, in any case, a yield of 6.00%; and (ii) for any period from and including September 7, 2013, 5%;
Sample 1

Related to Annual Hurdle

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.