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 has the meaning ascribed to it in the Management 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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Examples of Annual Incentive Fee in a sentence

  • In addition, Levy has an opportunity to earn an Annual Incentive Fee, up to 2% of gross receipts each calendar year, not to exceed $100,000, if certain minimum operating criteria are met, as set forth in the agreement.

  • FY2021 Incentive FeeIn FY2021, Morrison & Co earned an International Portfolio Annual Incentive Fee of $223.1 million pursuant to clause 9.4.3 of the Management Agreement (FY2021 Incentive Fee).

  • FY2020 Incentive FeeIn FY2020, Morrison & Co earned an International Portfolio Annual Incentive Fee of $125 million pursuant to clause 9.4.3 of the Management Agreement (FY2020 Incentive Fee).

  • The FY2023 Incentive Fee is the first International Portfolio Annual Incentive Fee to which the amendments to the Management Agreement shall apply when determining whether the second and third tranche of that FY2023 Incentive Fee is payable.

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

  • FY2022 Incentive FeeIn FY2022, Morrison & Co earned an International Portfolio Annual Incentive Fee of $99.7 million pursuant to clause 9.4.3 of the Management Agreement (FY2022 Incentive Fee).

  • The Pierce County Executive may remove any appointed member of the AICAB for inefficiency, neglect of duty, malfeasance, or three unexcused absences.

  • Percentage () Option Term - Year 10 (Amount expressed in words) (Amount in figures) Annual Incentive Fee: Percentage ( %) All Years (Amount expressed in words) (Amount in figures) If a Proposer fails to provide an Annual Management and Operating Fee (Flat or Percentage) and/or Annual Incentive Fee for each year, the Proposal will be rejected by the District.

  • In 2021, Levy had an opportunity to earn an Annual Incentive Fee, up to 2% of gross receipts each calendar year, not to exceed $100,000.

  • If Indigo fails to achieve Ninety percent (90%) of the budgeted EBITDA, no Annual Incentive Fee will be paid.


More Definitions of Annual Incentive Fee

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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Annual Incentive Fee has the meaning ascribed thereto in Section 4.4(a).
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Annual Incentive Fee shall have the meaning ascribed to that term in Article 7.2 of this Agreement.
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Related to Annual Incentive Fee

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

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • 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.

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

  • Bonus means the bonus described in the Section 2.3.

  • Performance Fee means the fee payable to the Advisor under certain circumstances if certain performance standards have been met and the Subordinated Incentive Fee has not been paid.

  • 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).

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