Incentive Factor definition

Incentive Factor means the highest Incentive Ratio from among the Incentive Ratios for the last three years in which Company Common Stock was listed for trading on a national securities exchange for each day of the applicable year.
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Incentive Factor shall equal 1.0, increased by .03 for each one percentage point (1%) that the Trust's actual "Per Common Share Funds from Operations" for the relevant period exceeds the "Target Amount" and decreased (but in no event below zero) by .04 for every one percentage point (1%) that the Trust's actual "Per Common Share Funds from Operations" for the relevant period is below the "Target Amount."
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Incentive Factor means, with respect to a particular Incentive Option Trigger Event, the amount obtained by subtracting (i) the Notional Fully Diluted Unit Amount on the date of such Incentive Option Trigger Event, from (ii) the amount obtained by dividing (x) the Notional Fully Diluted Unit Amount on the date of such Incentive Option Trigger Event, by (y) an amount equal to one minus a fraction, the numerator of which is the Incentive Value with respect to such Incentive Option Trigger Event and the denominator of which is the Equity Value with respect to such Incentive Option Trigger Event.
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Examples of Incentive Factor in a sentence

  • Initial Standby Cost ($/hour): [Total Cost (a) * (1 + Incentive Factor) + Total contributed capital expenditures (b)] / Total Hours (c): __________ Standby Payments may be recalculated from time to time as defined in Section 3.14.1.12, Calculation of the Initial Standby Cost.

  • This Agreement may be terminated upon written agreement of both parties at a time specified by such agreement; provided that Participant may still recover Eligible Costs (Standby Costs) and Incentive Factor payments already accrued prior to termination pursuant to this section.

  • For all hours in which Tested Capacity is less than the RMR Capacity specified in Section 1(E)(1) above, then the Incentive Factor Percentage may be reduced as specified in the ERCOT Protocols applicable to RMR Service in effect on the Effective Date.

  • The Renewable Energy Incentive Factor for any Year which is a full calendar year is the figure shown in the right hand column of the table below which corresponds with the Renewable Energy Performance, expressed as a percentage, achieved by HEC in respect of that Year determined in accordance with paragraph 12.

  • For all hours in which Tested Capacity is less than the RMR Capacity specified in Section 1(E)(1)(a) above, then the Incentive Factor Percentage may be reduced as specified in the ERCOT Protocols applicable to RMR Service in effect on the Effective Date.

  • The Renewable Energy Incentive Factor for any Year which is a full calendar year is the figure shown in the right hand column of the table below which corresponds with the Renewable Energy Performance , expressed as a percentage , achieved by the Companies in respect of that Year determined in accordance with paragraph 12.

  • This Agreement may be terminated upon written agreement of both parties at a time specified by such agreement; provided that Participant may still recover Eligible Costs (in accordance with the Hourly Standby Price) and Incentive Factor payments already accrued prior to termination pursuant to this Section.

  • The "Incentive Factor," for purposes hereof, shall mean a fraction the numerator which is the total amount of Incentive Component payable for the period from the date hereof through December 31, 1999 (the "Measuring Period") pursuant to clause (i) above, and the denominator of which is the total gross Sublease revenues of the Company for the Measuring Period.

  • In addition to the Base Salary, the Trust shall pay the Executive incentive compensation equal to the greater of: (a) an amount equal to the product of the Base Amount and the applicable Liquidation Incentive Factor; and (b) the "Early Completion Bonus" ("Incentive Compensation").

  • The Joint Motion further states 5Order No. PSC-15-0512-PHO-EI, issued October 29, 2015, in Docket No. 150001-EI, In re: Fuel and Purchased Power Cost Recovery Clause with Generating Performance Incentive Factor.