Incentive Threshold definition

Incentive Threshold shall have the meaning given in Section 6.6(b)(iv). “Incentive Threshold Base Amount” shall have the meaning given in Section 6.6(b).

Incentive Threshold shall be determined as follows:

Incentive Threshold means, with respect to each Quarterly Period during the Subordination Period, the amount shown under the heading “Incentive Threshold” for such Quarterly Period on Schedule 2 or calculated in accordance with the formula set forth on Schedule 2.

Examples of Incentive Threshold in a sentence

• Following the occurrence of the Second Incentive Threshold Event, the Private Owner shall own thirty percent (30%) of the issued and outstanding LLC Interests and the Initial Member shall own seventy percent (70%) of such LLC Interests.

• For the avoidance of doubt, the effects of any of this Section 4.6(h) and Section 4.6(g) above shall be disregarded for purposes of calculations with respect to the First Incentive Threshold Event and the Second Incentive Threshold Event.

• Following the occurrence of the First Incentive Threshold Event and prior to the occurrence of the Second Incentive Threshold Event as described in Section 6.6(b)(iii), the Private Owner shall own thirty-five percent (35%) of the issued and outstanding LLC Interests and the Initial Member shall own sixty-five percent (65%) of such LLC Interests.

• The “First Incentive Threshold Event” shall occur as of a Distribution Date if (A) the aggregate distributions made to the Private Owner pursuant to Section 6.6(b)(ii) as of such Distribution Date is equal to or greater than the product of two (2.0) and the Incentive Threshold Base Amount, and (B) the Incentive Threshold as of such Distribution Date (determined based on the Threshold Increase Amount for the First Incentive Threshold Event) is equal to zero.

• The “Second Incentive Threshold Event” shall occur as of a Distribution Date if (A) the aggregate distributions made to the Private Owner pursuant to Section 6.6(b)(ii) as of such Distribution Date is equal to or greater than the product of two and one-half (2.5) and the Incentive Threshold Base Amount, and (B) the Incentive Threshold as of such Distribution Date (determined based on the Threshold Increase Amount for the Second Incentive Threshold Event) is equal to zero.

More Definitions of Incentive Threshold

Incentive Threshold means, commencing in the second Fiscal Year and continuing for the remainder of the Term, for the applicable Fiscal Year an amount equal to one hundred five percent (105%) of the agreed to Operating Budget for such Fiscal Year but less the Incentive Management Fee for such Fiscal Year.

Incentive Threshold means, for a Fiscal Year, $3.20 per share (subject to adjustment for stock dividends, splits, combinations and similar events, and based on the weighted-average number of Common Shares outstanding for such Fiscal Year).

Incentive Threshold has the meaning given to it in clause 5.3;

Incentive Threshold shall be determined as follows: (A) as of the Closing Date, the Incentive Threshold shall be equal to the sum of (x) Transferred LLC Interest Sale Price and (y) the amount of the Private Owner WCR Account Deposit (the “Incentive Threshold Base Amount”); and

Incentive Threshold means $100,000. The Incentive Threshold shall be deemed to be reached by any Participant for a Deferral Period at such time as the Participant has received Incentive Compensation with respect to the Deferral Period at least equal to the Incentive Threshold.

Incentive Threshold means an amount, commencing in Fiscal Year 2020, equal to the anticipated NOI set forth in the Annual Budget for the applicable Fiscal Year (and prorated for any partial Fiscal Year), and which for Fiscal Year 2020 shall not be less than One Million Nine Hundred Thousand Dollars ($1,900,000). Should Tenant expand the physical plant or add additional residential units, the foregoing thresholds may be adjusted as mutually agreed by Tenant and Manager.

Incentive Threshold means, for any particular quarter (through the first quarter of 2015), the amount shown in the column titled “Incentive Threshold” in the section titled “Overview” in Management’s Discussion and Analysis in this report. In exchange for agreeing to subordinate the 4,401,250 Trust units it owns, and in order to provide additional financial incentive to ECA to perform its drilling obligation and operations on the Underlying Properties in an efficient and cost-effective manner, ECA is entitled to receive incentive distributions equal to 50% of the amount by which the cash available for distribution on all of the Trust units in any quarter exceeds 150% of the subordination threshold for such quarter. ECA’s right to receive the incentive distributions will terminate upon the expiration of the subordination period.