Common use of Additional Incentive Clause in Contracts

Additional Incentive. (1) To the extent that the average annual distributable cash flow exceeds 10.7% of Gross Long Term Assets for the 13 quarters ending September 30, 2007, the Executive Group shall receive from APL additional Units in an amount equal to 7.42% of the Base Incentive for each one tenth of one percent (0.1%) or portion thereof in excess of 10.7%, up to a maximum of the Base Incentive, to be issued (subject to compliance with securities laws) promptly following the filing of the Atlas Pipeline Partners, L.P. September 30, 2007 quarterly financial report, but in no event later than December 31, 2007.

Appears in 2 contracts

Sources: Incentive Compensation Agreement (Atlas Pipeline Partners Lp), Incentive Compensation Agreement (Atlas Pipeline Holdings, L.P.)