Incentive Partnership definition

Incentive Partnership means any trust or limited partnership to which a Credit Party, as general partner, contributes a portion of its after-payout working interest in xxxxx drilled within certain areas, and key employees and consultants who promote the drilling and acquisition programs, as limited partners contribute cash.
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Examples of Incentive Partnership in a sentence

  • The purpose of this Long-Term Incentive Partnership Plan (the “Plan”) is to permit a select group of management employees of PacifiCorp and its subsidiaries to share in significant increases in the value of the Company realized through the efforts of these individuals.

  • In no event will deductions in determining Cash Flow pursuant to clauses (i) and (ii) above include payments made on account of: the Asset Management Fee, amounts due on any Subordinated Loans, the Incentive Partnership Management Fee, the subsequent annual funding of the Tenant Transition Fund, the Deferred Development Fee and/or any Cash Flow only interest payments on the Preservation Loan.

  • In no event shall the Incentive Partnership Management Fee for any Fiscal Year exceed $100,000.00 per annum, and the Incentive Partnership Management Fee shall not be cumulative.

  • Leadership Management Incentive Partnership Education Income Figure 1.

  • The Partnership has entered into the Incentive Partnership Management Agreement with Wichita GP for Wichita GP's services in managing the business of the Partnership.

  • In no event shall the Incentive Partnership Management Fee exceed $100,000.00 per year.

  • For services to be performed under this Agreement, the Partnership shall pay Wichita GP, solely from Net Cash Flow as provided in Section 9.1(a)(v) of the Partnership Agreement an incentive partnership management fee (the "Incentive Partnership Management Fee").

  • The Incentive Partnership Management Fee shall only be payable pursuant to Section 9.1 of this Agreement and shall not be cumulative.

  • Exploration began against the wishes of local people and has caused a number of impacts on local people and the environment (see section 5 below).

  • The Partnership also shall enter into the Incentive Partnership Management Agreement with the General Partner under which the General Partner shall agree to provide consulting services to the Partnership and Project, to undertake to perform such bookkeeping, financial and reporting services to be performed under Section 9 (other than those to be performed by the Accountants) as the Partnership may request, and to perform the other services provided in the Incentive Partnership Management Agreement.

Related to Incentive Partnership

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • 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.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Partnership has the meaning set forth in the preamble of this Agreement.

  • Partnership at will means a partnership in which the partners have not agreed to remain partners until the expiration of a definite term or the completion of a particular undertaking.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • General Partner means the Company or its successors as general partner of the Partnership.

  • Incentive means a term or condition whose purpose is to motivate the Contractor to provide supplies or services at lower costs, and in certain instances with improved delivery or technical performance, by relating the amount of profit or fee earned to the Contractor’s performance.

  • 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.

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Incentive Management Fee shall have the meaning set forth in Section 9.2(e) hereof.

  • Incentive Compensation Awards means awards granted under Incentive Compensation Plans providing the Executive with the opportunity to earn, on a year‑by‑year basis, annual and long‑term incentive compensation.

  • 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.

  • Incentive Distribution Right means a Limited Partner Interest having the rights and obligations specified with respect to Incentive Distribution Rights in this Agreement (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest).

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • GP means Gottbetter & Partners, LLP.

  • 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.

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

  • REIT means a real estate investment trust under Sections 856 through 860 of the Code.

  • LTIP means the Long-Term Incentive Plan of the General Partner, as may be amended, or any equity compensation plan successor thereto.

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Incentive Distributions means any amount of cash distributed to the holders of the Incentive Distribution Rights pursuant to Section 6.4.