Excess Incentives definition

Excess Incentives collectively means the sum of any Incentives that become payable to or for the benefit of Producer after the Repayment Date applicable to Beneficiary, or before the Repayment Date applicable to Beneficiary to the extent that such sums (when counted together with all other proceeds applied by Beneficiary against its Obligations) shall exceed the amount of all the Obligations owing to Beneficiary under its Funding Agreement.
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Excess Incentives collectively means the sum of any Incentives that become payable to or for the benefit of Producer after the Repayment Date, or before the Repayment Date which (when counted together with all other proceeds applied by Beneficiary against Obligations) shall exceed the amount of all the Obligations owing to Beneficiary under its Funding Agreement.
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Excess Incentives collectively means the sum of any supplemental Incentives derived from the expenditure of any Completion Sums.
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Examples of Excess Incentives in a sentence

  • Beneficiary agrees that, as between Beneficiary and Completion Guarantor, Completion Guarantor is solely entitled to any Excess Incentives until Completion Guarantor’s full recoupment of all Completion Sums after payment of Incentives to Beneficiary until the Repayment Date applicable to Beneficiary.

  • If Beneficiary shall collect any such Excess Incentives, then Beneficiary will promptly pay such Excess Incentives to Completion Guarantor until Completion Guarantor’s full recoupment of all Completion Sums.

  • Producer shall promptly and directly pay, or cause any applicable third-party that shall receive Excess Incentives to promptly and directly pay, any such Excess Incentives to Completion Guarantor until Completion Guarantor’s full recoupment of all Completion Sums.

  • Without limiting the foregoing, if Completion Guarantor has advanced any Completion Sums, then Producer further acknowledges and agrees that, as between Producer and Completion Guarantor, after the Repayment Date applicable to that Beneficiary that has monetized the Incentives, Completion Guarantor is solely entitled to any Excess Incentives until Completion Guarantor’s full recoupment of all Completion Sums.

  • If Beneficiary shall collect any Excess Incentives after the Repayment Date applicable to Beneficiary, then Beneficiary will promptly pay such Excess Incentives to Completion Guarantor until Completion Guarantor’s full recoupment of all Completion Sums.

  • In this exceptional case, Non-Incentive Costs = Program Administrator Costs – Incentives + Excess Incentives, and for cost- effectiveness modeling purposes, set Incentives = Financial Incentives Paid to Customers + Incentives Paid to Third Parties – Excess Incentives = Incremental Costs.

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  • Beneficiary agrees that, as between Beneficiary and Completion Guarantor, Completion Guarantor is solely entitled to any Excess Incentives until Completion Guarantor’s full recoupment of Completion Sums from Producer, and to the extent Beneficiary shall collect same, Beneficiary will promptly pay such Excess Incentives to Completion Guarantor until Completion Guarantor’s full recoupment of Completion Sums from Producer.

  • Beneficiary agrees that, as between Beneficiary and Completion Guarantor, Completion Guarantor is solely entitled to any Excess Incentives until Completion Guarantor’s full recoupment of all Completion Sums, and to the extent Beneficiary shall collect same, Beneficiary will promptly pay such Excess Incentives to Completion Guarantor until Completion Guarantor’s full recoupment of all Completion Sums.


More Definitions of Excess Incentives

Excess Incentives collectively means the sum of any supplemental Incentives that are derived from the expenditure of Completion Sums.
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Related to Excess Incentives

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • 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.

  • 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);

  • 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).

  • 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.

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

  • 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.

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

  • Excess Compensation means Compensation in excess of the following Integration Level: (Choose (1) or (2))

  • 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).

  • 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.

  • Density bonus means a floor area ratio bonus over the otherwise maximum allowable density permitted under the applicable zoning ordinance and land use elements of the general plan of a city, including a charter city, city and county, or county of:

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Bid incentive means an amount deducted, for bid evaluation purposes only, from the contract base bid in order to calculate the bid price to be used to evaluate the bid on a competitively bid contract.

  • Bonus means the bonus described in the Section 2.3.

  • Long-Term Performance Award means an award under Section 10 below. A Long-Term Performance Award shall permit the recipient to receive a cash or stock bonus (as determined by the Committee) upon satisfaction of such performance factors as are set out in the recipient's individual grant. Long-Term Performance Awards will be based upon the achievement of Company, Subsidiary and/or individual performance factors or upon such other criteria as the Committee may deem appropriate.

  • Performance Awards means Performance Units, Performance Shares or either or both of them.

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

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Annual Compensation means an amount equal to the greater of:

  • Availability Incentive Payments has the meaning set forth in the CAISO Tariff.

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Other Incentive Award means an Award denominated in, linked to or derived from Shares or value metrics related to Shares, granted pursuant to Section 9.6 hereof.