Incentive Reserve definition

Incentive Reserve means the number of Partnership Points (initially twenty-four and fourteen one-hundredths (24.14)), as are reserved for issuance pursuant to the terms of the Incentive Program. The twenty-four and fourteen one-hundredths (24.14) Partnership Points in the Incentive Reserve shall be deemed to be outstanding Partnership Points held by the General Partner for all purposes of this Agreement, except for those Partnership Points as have vested and have been issued pursuant to the Incentive Program.
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Incentive Reserve means, with respect to a Participant who is either an Executive Officer of the Company, a general manager of an EVA Business Unit, or a highly compensated employee as determined from time to time by the Committee, a bookkeeping record of an account to which Declared Incentives are credited, or debited as the case may be, from time to time under the Plan and from which incentive payments to such Participant are debited.
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Incentive Reserve means the amount determined under Section 5 below that is available for the payment of awards under the Plan for a Year; provided that such amount is established and maintained as a general ledger entry solely for the Company’s convenience and is not intended to be a funding mechanism for awards under the Plan.
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Examples of Incentive Reserve in a sentence

  • There shall not be any expectation that any retiree, whether formerly an employee of the Archbold School District or not, will be offered employment after retirement.

  • In any Fiscal Year, no funds shall be deposited into the Management Incentive Reserve Account until Operating Profit for such Fiscal Year shall have exceeded the Owner's Priority for such Fiscal Year (as determined based on the periodic financial statements required pursuant to Section 5.1(j)(iii) of the Loan Agreement).

  • Within five (5) Business Days of delivery to Servicer of the Incentive Management Fee Letter, the amounts contained in such Management Incentive Reserve Account shall be disbursed to the Manager toward payment of the Incentive Management Fee.

  • In addition, Seller and/or Shareholder will satisfy and/or be solely responsible for all of the obligations owed to its employees and executives under Seller's Employment Bonus Fund (Exhibit 1.3) and Executive Incentive Reserve (Exhibit 1.3A), Nevertheless, such amounts owed under Seller's Employment Bonus Fund and Executive Incentive Reserve may be distributed by Seller or Shareholder, or both, after the Closing Date.

  • Disbursement of amounts contained in the Management Incentive Reserve Account shall be made upon submission of an Incentive Management Fee Letter specifying the Incentive Management Fee then due and payable to Manager (but not greater than the amount then contained in the Management Incentive Reserve Account), attached to which shall be the Auditors' Letter setting forth the audited Operating Profit for such Fiscal Year.

  • From and after the Anticipated Repayment Date, the Servicer shall maintain, as a Sub-account of the Cash Collateral Account, an account (the "Management Incentive Reserve Account") to be used to make payments of the ------------------------------------- Incentive Management Fee to Manager.

  • The amounts deposited in the Management Incentive Reserve Account shall be held in such account until after the annual audit determines the Operating Profit for such Fiscal Year.

  • After Operating Profit for such Fiscal Year shall have exceeded the Owner's Priority for such Fiscal Year, the Management Incentive Reserve Account shall be funded in accordance with Section 4.4(K) or 7.9.5(I), as applicable, in the amount of the lesser of (i) the excess of the Operating Profit over the Owner's Priority and (ii) $1,800,000.

  • Funding of Debt Service Reserve Account, Collections Incentive Reserve and Non-Routine Services Accounts.

  • Subject to Section 3.8.4, in any Contract Year the Incentive Quantity shall be the product of (a) the Incentive Percentage and (b) the Incentive Reserve Quantity, i.e., the total amount of PM tobacco of domestic origin requiring --- processing that is then available for incentive award to one or more of the contractors providing Stemming Services for PM.