Performance Fee Rate means the rate of fee produced by application of the formula set forth above. Under such formula, the rate of fee varies directly with the time-weighted rate of return achieved for the Client by the Manager over the applicable performance measurement period, but is never greater than the "cap" rate nor less than the "floor" rate specified in the formula. The rate of fee varies above and below the "fulcrum" fee rate, i.e., the rate that is midway between the cap rate and the floor rate, depending on the amount by which the Manager's return exceeds, or is less than, the return of the "benchmark" specified in the formula. (The rate of return at which the Performance Fee Rate will equal the fulcrum fee rate is equal to the benchmark return plus the "hurdle" rate incorporated in the formula.) The rate at which the Performance Fee Rate changes in response to a specified increment of change in the Manager's performance relative to the performance of the benchmark is constant. The Performance Fee Rate will change as the Manager's performance varies from the performance of the benchmark in increments of one basis point. Fee For Services
Performance Fee Rate means, in respect of each Performance Period, 10%.
Performance Fee Rate means 15%.
Examples of Performance Fee Rate in a sentence
If Shares are subscribed for at a time when the Cumulative Relative Performance per Share is positive, the Shareholder will be required to pay an amount in excess of the then current net asset value per Share equal to the Performance Fee Rate applied to the then current Cumulative Relative Performance per Share before accrual for the Performance Fee (an “Equalisation Credit”).
In the event of a decline as at any Valuation Day in the Cumulative Relative Performance per Share of those Shares, the Equalisation Credit will also be reduced by an amount equal to the Performance Fee Rate applied to the difference between the Cumulative Relative Performance per Share (before accrual for the Performance Fee) at the date of issue and as at that Valuation Day.
This is then multiplied by applicable Performance Fee Rate as set out in Appendix 1 and adjusted by the value of the Subscription Adjustment on that day.
If the Shareholder redeems its Shares before the Equalisation Debit has been fully applied, the Shareholder will be charged a Performance Fee equal to the Performance Fee Rate applied to any relative appreciation over the period such Shares were held multiplied by a fraction, the numerator of which will be the number of Shares being redeemed and the denominator of which will be the number of Shares held by the Shareholder immediately prior to the redemption in question.
Note 6 - Performance fee The Management Company is entitled to receive a performance fee in respect of Class P Shares calculated at a Performance Fee Rate of 20%.
More Definitions of Performance Fee Rate
Performance Fee Rate means the rate of fee produced by application of the formula set forth above. Under such formula, the rate of fee varies directly with the time-weighted rate of return achieved for the Fund by the Manager over the applicable performance measurement period, but is never greater than the “cap” rate nor less than the “floor” rate specified in the formula. The rate of fee varies above and below the “fulcrum” fee rate, i.e., the rate that is midway between the cap rate and the floor rate, depending on the amount by which the Manager’s return exceeds, or is less than, the return of the “benchmark” specified in the formula. The rate at which the Performance Fee Rate changes in response to a specified increment of change in the Manager’s performance relative to the performance of the benchmark is constant. The Performance Fee Rate will change as the Manager’s performance varies from the performance of the benchmark in increments of one basis point.
Performance Fee Rate means 15%. "Hurdle Rate" means 4% p.a.
Performance Fee Rate for MAF or USEF shall mean the rate of fee produced by application of the applicable formula set forth above. Under such formula, the rate of fee varies directly with the time-weighted rate of return achieved for MAF or USEF, as applicable, by the Manager over the applicable performance measurement period, but is never greater than the "cap" rate nor less than the "floor" rate specified in the formula. The rate of fee varies above and below the "fulcrum" fee rate, i.e., the rate that is midway between the cap rate and the floor rate, depending on the amount by which the Manager's return exceeds, or is less than, the return of the "benchmark" specified in the formula. (The rate of return at which the Performance Fee Rate will equal the fulcrum fee rate is equal to the benchmark return plus the "hurdle" rate incorporated in the formula.) The rate at which the Performance Fee Rate changes in response to a specified increment of change in the Manager's performance relative to the performance of the benchmark is constant. The Performance Fee Rate will change as the Manager's performance varies from the performance of the benchmark in increments of one basis point. FEE FOR SERVICES
Performance Fee Rate means the percentage calculated with reference to the Average Manager Assets as set forth in the table below. Less than or equal to $100 million 10 % More than $100 million and less than or equal to $200 million 15 % More than $200 million and less than or equal to $2 billion 20 % More than $2 billion and less than or equal to $2.5 billion 15 % More than $2.5 billion 10 %
Performance Fee Rate means the rate of fee produced by application of the formula set forth above. Under such formula, the rate of fee varies directly with the time-weighted rate of return achieved for the Client by the Manager over the applicable performance measurement period, but is never greater than the “cap” rate nor less than the “floor” rate specified in the formula. The rate of fee varies above and below the “fulcrum” fee rate, i.e., the rate that is midway between the cap rate and the floor rate, depending on the amount by which the Manager’s return exceeds, or is less than, the return of the “benchmark” specified in the formula. (The rate of return at which the Performance Fee Rate will equal the fulcrum fee rate is equal to the benchmark return plus the “hurdle” rate incorporated in the formula.) The rate at which the Performance Fee Rate changes in response to a specified increment of change in the Manager’s performance relative to the performance of the benchmark is constant. The Performance Fee Rate will change as the Manager’s performance varies from the performance of the benchmark in increments of one basis point.
Performance Fee Rate means the rate of fee produced by application of the formula set forth in Schedule 1 hereto. Under such formula, the rate of fee varies directly with the time-weighted rate of return achieved for the Fund by the Manager over the applicable performance measurement period, but is never greater than the "cap" rate nor less than the "floor" rate specified in the formula. The rate of fee varies above and below the "fulcrum" fee rate, i.e., the rate that is midway between the cap rate and the floor rate, depending on the amount by which the Manager's return exceeds, or is less than, the return of the "benchmark" specified in the formula. (The rate of return at which the Performance Fee Rate will equal the fulcrum fee rate is equal to the benchmark return plus the "hurdle" rate incorporated in the formula.) The rate at which the Performance Fee Rate changes in response to a specified increment of change in the Manager's performance relative to the performance of the benchmark (i.e., the slope of the line graph appearing in Schedule 1) is constant (i.e., the graph's slope is a straight line). The Performance Fee Rate will change as the Manager's performance varies from the performance of the benchmark in increments of one basis point.
Performance Fee Rate for MAF or USEF shall mean the rate of fee produced by application of the applicable formula set forth above. Under such formula, the rate of fee varies directly with the time-weighted rate of return achieved for MAF or USEF, as applicable, by the Manager over the applicable performance measurement period, but is never greater than the “cap” rate nor less than the “floor” rate specified in the formula. The rate of fee varies above and below the “fulcrum” fee rate, i.e., the rate that is midway between the cap rate and the floor rate, depending on the amount by which the Manager's return exceeds, or is less than, the return of the “benchmark” specified in the formula. The rate at which the Performance Fee Rate changes in response to a specified increment of change in the Manager's performance relative to the performance of the benchmark is constant. The Performance Fee Rate will change as the Manager's performance varies from the performance of the benchmark in increments of one basis point. Fee for Services