Common use of Final Calculation Clause in Contracts

Final Calculation. Points will be awarded as follows, any score of 75 points or higher will receive from 25% to 50% of the annual management fee. No Incentive Fee Award shall be provided if the average total point score for the Contract Year is under seventy-five (75) points. Incentive fee calculation example: ▇▇-▇▇▇ ▇▇-▇▇% ▇▇-▇▇ ▇▇-▇▇% ▇▇-▇▇ ▇▇-▇▇% ▇▇-▇▇ ▇▇-▇▇ ▇▇-▇▇ ▇▇-▇▇% 0-74 No Award

Final Calculation. Points will be awarded as follows, any score of 75 points or higher will receive from 25% to 50% of the annual management fee. No Incentive Fee Award incentive fee award shall be provided if the average total point score for the Contract Year is under seventy-five (75) points. Incentive fee calculation example: ▇▇-▇▇▇ ▇▇-▇▇% ▇▇-▇▇ ▇▇-▇▇% ▇▇-▇▇ ▇▇-▇▇% ▇▇-▇▇ ▇▇-▇▇ ▇% ▇▇-▇▇ ▇▇-▇▇% 0-74 No Award