Performance Bonus Term definition

Performance Bonus Term means the period commencing on the date of the Closing and ending on the earlier of:
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Performance Bonus Term means the period commencing on the date of the Closing and ending on the Business Day immediately prior to the day of dissolution or termination of the Partnership.
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Performance Bonus Term means the period commencing on the date of the final Closing and ending on the earlier of: (a) the Business Day prior to the date on which the Partnership’s assets are transferred to a Mutual Fund pursuant to a Mutual Fund Rollover Transaction; and (b) the Business Day immediately prior to the Dissolution Transaction.
Sample 1

Examples of Performance Bonus Term in a sentence

  • 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.

  • 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.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.

  • The Performance Bonus Term means the period commencing on the date of the final closing and ending on the earlier of: (a) the business day prior to the date on which the Partnership’s assets are transferred to a mutual fund pursuant to a mutual fund rollover transaction; or (b) the business day immediately prior to the dissolution transaction.

  • 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.

Related to Performance Bonus Term

  • 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.

  • 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 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.

  • 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.