Exit Performance Fee Sample Clauses

Exit Performance Fee. Subject to achievement of the Hurdles (as defined below), ▇▇▇▇▇▇ will receive a performance fee of 25% (plus VAT if applicable) of all the profits or capital which are distributed to an Investor in respect of an Investment in an Investee Company, whether by dividends, other distributions or sale proceeds. The ‘Hurdles’ shall be calculated as follows: Where: a) aggregate distributions to the investor exceed the net cost of the investor’s subscription to the investee company in question by 20%, an entitlement to a performance fee of 25% of further funds so returned will accrue to ▇▇▇▇▇▇; and b) accrued performance fees will become payable once, and to the extent, the investor has received 120% of the Net Subscription to the Fund. The performance incentive fee is payable on a 'deal-by-deal' basis subject to the overall requirement of achieving a 120% return to investors from their Net Subscription to the Fund as a whole. On the exit of each investment, ▇▇▇▇▇▇ will produce a calculation to determine whether or not the Investor’s aggregate distributions exceeds the cost of their investment in the relevant investee company and whether the overall Fund hurdle of 120% has been met. If this net cost has been exceeded, ▇▇▇▇▇▇ will issue a notice to the Investor confirming that such threshold has been reached and ▇▇▇▇▇▇ will then either have the right to be paid the performance fee (if the Fund hurdle has been met) or to accrue it against possible future payment (if it has not). Accrued but unpaid performance fees will be paid in priority to and before any further distributions or payments are made to the investor. The full or partial withdrawal of the Investor from the Fund shall not affect the above and the accrued performance fees will remain payable in full by the investee company in priority to the and before any further distributions or payments are made to the investor.
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Related to Exit Performance Fee

  • Performance Fee The fee payable to the Advisor upon termination of this Agreement under certain circumstances if certain performance standards have been met pursuant to Section 4.03(b) or (c) of this Agreement.

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • Incentive Fee In the event that the actual costs for the development and construction of the Project are less than the Projected Project Costs (such difference being referred to as the "Savings"), fifty percent (50%) of the Savings shall be paid to the Developer as an incentive fee.

  • Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

  • Continuing Performance In the event of a dispute, the Owner and the Developer agree to continue their respective performance hereunder to the extent feasible in light of the dispute, including paying ▇▇▇▇▇▇▇▇, and such continuation of efforts and payment of ▇▇▇▇▇▇▇▇ shall not be construed as a waiver of any legal right.