Performance Bonus Date definition

Performance Bonus Date means the Business Day immediately prior to the last day of the Performance Bonus Term.
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Performance Bonus Date means the earliest to occur of (a) the day on which the assets of the Partnership are transferred pursuant to a Mutual Fund Rollover Transaction; (b) the day a Liquidity Alternative is completed; and(c) the day immediately prior to the date the assets of the Partnership are distributed in connection with the dissolution or winding up of the affairs of the Partnership.
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Performance Bonus Date means the last day of the Performance Bonus Term.
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Examples of Performance Bonus Date in a sentence

  • The Accrued Performance Bonus shall be payable fifty percent (50%) in cash by the Company (less applicable deductions) with the remainder in common stock of the Company ("Common Stock"), the number of shares of which to be determined based upon the average closing price for the Common Stock at the close of business for the five (5) trading days immediately preceding the Accrued Performance Bonus Date ("Accrued Performance Stock Purchase Price").

  • The Performance Bonus Date is the earliest of the date of the liquidity event or date immediately prior to the dissolution or winding up of the affairs of the Limited Partnership.

  • The Employee shall receive from the Company, on or before June 30, 2002 ("Accrued Performance Bonus Date") a bonus for the Employee's dedication and devotion to the Company over the past ten (10) years in the amount of Fifty Thousand Dollars ($50,000)("Accrued Performance Bonus").

  • The General Partner is also entitled to a performance bonus equal to 20% of the product of: (a) the number of units outstanding on Performance Bonus Date (as defined in the LPA); and(b) the amount by which the net asset value per unit (prior to giving effect to the performance bonus) plus the total distributions per unit during the Performance Bonus Term exceeds $28.

  • The Performance Bonus Fee is equal to 20% of the amount by which (a) the sum of (A) the Net Asset Value per Unit on the Performance Bonus Date and (B) all distributions per Unit during the Performance Bonus Period exceeds (b) the sum of$10.00 plus appreciation thereon at the rate of 8% per annum, compounded annually, during the Performance Bonus Period.

  • The General Partner will be entitled to a performance bonus (the “Performance Bonus”), as an allocation of income from the Partnership, equal to 20% of the product of: (a) the number of Units outstanding on the business day immediately prior to the last day of the Performance Bonus Term (the “Performance Bonus Date”), and (b) the amount by which the Net Asset Value per Unit on the Performance Bonus Date plus the aggregate value of all distributions on Units during the Performance Bonus Term exceeds $100.

  • The General Partner is also entitled to a performance bonus equal to 20% of the product of: (a) the number of units outstanding on Performance Bonus Date (as defined in the LPA); and (b) the amount by which the net asset value per unit (prior to giving effect to the performance bonus) plus the total distributions per unit during the Performance Bonus Term exceeds $28.

  • In addition, the General Partner is entitled to a performance bonus equal to 20% of the product of: (a) the number units of that Class outstanding on Performance Bonus Date (as defined in the LPA); and (b) the amount by which the Net Asset Value per unit of that Class (prior to giving effect to the performance bonus) plus the total distributions per unit of that Class over the Performance Bonus Term exceeds $25.

  • In addition, the General Partner is entitled to a performance bonus equal to 20% of the product of: (a) the number units of that Class outstanding on Performance Bonus Date (as defined in the LPA); and (b) the amount by which the Net Asset Value per unit of that Class (prior to giving effect to the performance bonus) plus the total distributions per unit of that Class over the Performance Bonus Term exceeds $25.Income taxes The Partnership is not subject to income taxes.

  • The General Partner is also entitled to a performance bonus equal to 20% of the product of: (a) the number of units outstanding on Performance Bonus Date (as defined in the LPA); and (b) the amount by which the net asset value attributable to partners’ capital per unit (prior to giving effect to the performance bonus) plus the total distributions per unit during the Performance Bonus Term exceeds $28.


More Definitions of Performance Bonus Date

Performance Bonus Date means the earliest to occur of (a) the day on which the assets of the Partnership are transferred pursuant to a Mutual Fund Rollover Transaction; (b) the day a Liquidity Alternative is completed; and
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Performance Bonus Date means the earliest to occur of (i) the business day prior to the date on which the Partnership’s assets are transferred to the Mutual Fund and (ii) the business day immediately prior to the date of dissolution or termination of the Partnership.
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Performance Bonus Date means the Business Day immediately prior to the last day of the Performance Bonus Term and is the date upon which the Performance Bonus will be calculated.
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Performance Bonus Date means the Business Day upon which all of the assets of the Partnership are disposed of under the liquidation of the Partnership and the payment of all liabilities of the Partnership (save the Performance Bonus, if any) has been made.
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Performance Bonus Date means the earliest to occur of (i) the business day prior to the date on which the
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Performance Bonus Date means the day immediately prior to the date of dissolution or termination of the Partnership.
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Related to Performance Bonus Date

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of any distributions per Unit of that Class during the Performance Bonus Term exceeds $28.00.

  • Annual Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Bonus Amount means the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Bonus means the bonus described in the Section 2.3.

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • Target Annual Bonus has the meaning set forth in Subsection 3b.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • Bonus Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.

  • Award Period means the period beginning on an Award Date and ending on the expiration date of such Award.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Performance Date means December 31, 2022. If the Locality, in consultation with the Authority and VEDP, deems that good faith and reasonable efforts have been made and are being made by the Company to achieve the Targets, the Locality may, prior to the then-current Performance Date, request an extension of the Performance Date by up to 15 months. Any extension of the Performance Date shall require the prior approval of the Board of Directors of VEDP (the “Board”). If the Performance Date is extended, the Locality shall send written notice of the extension to the Authority, the Company and VEDP and the date to which the Performance Date has been extended shall be the “Performance Date” for the purposes of this Agreement.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Retention Bonus means an incentive bonus provided under

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Annual Award means the cash payment paid or payable to the Executive with respect to a fiscal year under the Corporation's Incentive Compensation Performance Plan.

  • Bonus Payments means that portion of the bonus payments received by the

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;