Incentive Allocation definition

Incentive Allocation means the special allocation of a portion of the net profits of the Company to Xxxxxx LLC as provided in Section 3.6.

Incentive Allocation shall have the meaning as set forth in Section 4.1.3.2.

Incentive Allocation means the incentive allocations or other performance-based allocations of net capital appreciation or net profits from the Funds to the Company pursuant to the Fund Agreements, excluding any allocations of net capital appreciation or net profits made to the Company by virtue of its capital invested in such Funds (which capital, for the avoidance of doubt, shall not include any Incentive Allocation that remains in the Funds and any related capital appreciation).

Examples of Incentive Allocation in a sentence

• For purposes of determining allocations, including calculating the Incentive Allocation and the balance in a Capital Account's Loss Recovery Account, any Investor-Related Taxes related to a Limited Partner shall be deemed distributed from the Capital Account(s) of such Limited Partner to such Limited Partner and shall not be deemed to be expenses that reduce Net Capital Appreciation, increase Net Capital Depreciation or increase the balance of the Loss Recovery Account.

• In the sole discretion of the General Partner, the Incentive Allocation may be waived, reduced or calculated differently with respect to any Limited Partner.

• Withdrawal proceeds payable to a withdrawing Limited Partner will be reduced by any Incentive Allocation allocable with respect to the withdrawn capital.

• The Partnership, in the General Partner's sole discretion, may establish additional Classes of Interests and enter into Side Letter Agreements that provide for different or additional terms than those of the Interests described in this Agreement, including by way of example different Management Fee rates, Incentive Allocation rates, information rights and withdrawal rights.

• The amount of the balance in the Loss Recovery Account at the time of calculating the Incentive Allocation shall be the amount existing immediately prior to its reduction pursuant to the second clause of the second sentence of Section 5.03(c)(ii).

More Definitions of Incentive Allocation

Incentive Allocation has the meaning set forth in Section 5.03(c)(i).

Incentive Allocation has the meaning set out in Section 5.6(a) of this Agreement.

Incentive Allocation means, with respect to any Member, other than a Special Member, 20% (and, as respects a Special Member, such percentage as the Adviser shall have agreed with such Special Member) of the amount, determined as of the close of each Allocation Period with respect to such Member (appropriately adjusted for any partial repurchases or partial Transfers of Interests), by which such Member's Positive Allocation Change for such Allocation Period, if any, exceeds any positive balance in such Member's Loss Recovery Account as of the most recent prior date as of which any adjustment has been made thereto.

Incentive Allocation shall have the meaning set forth in Annex A.

Incentive Allocation has the meaning set forth in Section 5.03(c)(i). "Incentive Allocation Rate" means 20%.

Incentive Allocation means, with respect to each Member, 10% of the amount, determined as of the close of each Allocation Period with respect to such Member, by which such Member's Positive Allocation Change for such Allocation Period, if any, exceeds the sum of: (1) the Preferred Return; and (2) the amount of any positive balance in such Member's Loss Recovery Account.

Incentive Allocation is defined in Section 4.3.1.