Annual Incentive Fee definition

Annual Incentive Fee shall have the meaning set forth in Section 12(b) of this Agreement.
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Annual Incentive Fee means, with respect to a particular Service Year, the annual incentive fee owed to a Participant for serving as a member of the Board and any of its committees for such Service Year.
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Annual Incentive Fee has the meaning ascribed to it in the Management Agreement.
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Examples of Annual Incentive Fee in a sentence

  • Such Annual Incentive Fee may be satisfied in whole or in part by payments from the Company’s subsidiaries and may be payable in shares of the Company at the option of the Board.

  • Base Fee, Chain Service Expense Reimbursement and Annual Incentive Fee.

  • The Managing Owner shall reimburse the Trust, on an annual basis, to the extent that the Trust’s brokerage commissions paid to the Managing Owner and the Annual Incentive Fee, as described in the Prospectus, have exceeded 14% of the Trust’s average Net Assets during the preceding year.

  • Section 12(2) of the Agreement is deleted and replaced in its entirety by the following: Annual Incentive Fee.

  • In addition, APMC shall pay to the Processor the Annual Incentive Fee (as defined in section 9(a) of this Schedule) in each Year determined in accordance with section 9 of this Schedule, and the Processor shall include such amount for a Year in the next Monthly Statement following such Year.

  • Delivery of the Annual Incentive Fee calculation by Manager and response by Company to Manager may be made by electronic transmission via email with a notation in the subject line “MSC Annual Incentive Fee — Formal Notice of Calculation” and shall be effective, provided that such communication be followed by facsimile transmission within three (3) Business Days after the delivery of such electronic communication.

  • See Prospectus — Shareholder Transaction Fees — Annual Incentive Fee.

  • Company shall have thirty (30) days to respond to Manager after it has received Manager’s calculation of the Annual Incentive Fee.

  • For the avoidance of doubt, Manager shall not be entitled to be paid an Annual Incentive Fee or any portion thereof with respect to such interruption period.

  • Subject to any restrictions on the number of Shares that may be held by Advisor pursuant to the Company’s governing documents or law, a minimum of ten percent (10%) and a maximum of fifty percent (50%) of the Annual Incentive Fee, as established by the Board of Trustees of the Company in its sole discretion, may be paid in Shares using the Fair Market Value of the Shares as of the due date (without extension) of the Company’s Annual Report on Form 10-K for the fiscal year in question.


More Definitions of Annual Incentive Fee

Annual Incentive Fee shall have the meaning ascribed to that term in Article 7.2 of this Agreement.
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Annual Incentive Fee has the meaning ascribed thereto in Section 4.4(a).
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Annual Incentive Fee for a Year means 75% of the amount determined in accordance with the following formula: Z x A x B - MIFA where: Z is equal to: - where the APB (as defined below in this clause (a)) in the Year is greater than CDE (as defined below in this clause (a)) of P1 but less than CDE of P2, 22% - where the APB in the Year is CDE of P2 or greater but less than CDE of P3, 29% - where the APB in the Year is CDE of P3 or greater but less than CDE of P4, 36% - where the APB in the Year is CDE of P4 or greater but less than CDE of P5, 43% - where the APB in the Year is CDE of P5 or greater, 50%, and where:
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Related to Annual Incentive Fee

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Incentive Fee shall have the meaning set forth in the Prospectus.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive's Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive's target annual incentive bonus for the year in which the Date of Termination occurs.

  • Target Bonus means the target Bonus established for Executive, whether expressed as a percentage of Base Salary or a dollar amount.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Annual income means all amounts, monetary or not, which:

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Bonus means the bonus described in the Section 2.3.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • Performance Fee means the fee, if any, defined in the relevant Supplement.

  • Annual Salary means the salary given under this Part.

  • Incentive Payments means any and all federal or state governmental subsidies, payments, transfers or other benefits, whether now or hereafter established, received by the Borrower in any fiscal year aged less than 120 days.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Annual Base Salary shall have the meaning set forth in Section 3(a).

  • Base Compensation means the amount equal to the sum of (i) the greater of Executive’s then-current Annual Base Salary or Executive’s Annual Base Salary as of the date one (1) day prior to the Change of Control; and (ii) the average of the Incentive Bonus paid (or payable) for the three (3) most recently completed fiscal years of the Company.

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.