Limitation on Incentive Compensation Sample Clauses

Limitation on Incentive Compensation. (a) There is no upward limitation on Incentive Compensation.
Sample 1
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Limitation on Incentive Compensation. The General Partner shall not be entitled to incentive compensation at any time pursuant to Section 2.1 or 2.2 to the extent that the aggregate incentive compensation payments and distributions made by the Partnership or the Pipeline Partnership to the General Partner (including incentive compensation payments and distributions paid to BMC as general partner of the Partnership prior to December 31, 1998) or the Manager after December 23, 1986, would exceed 10% of the sum of (a) the total distributions made by the Partnership or the Pipeline Partnership to Unitholders and to the Manager as general partner of the Pipeline Partnership and (b) the total incentive compensation payments made to the General Partner (including incentive compensation payments paid to BMC as general partner of the Partnership prior to December 31, 1998) pursuant to Sections 2.1 and 2.2. This Section 2.3 shall expire and be of no further force and effect on the earlier of December 31, 2005, or the date that cash distributions on the LP Units equals or exceeds $.6375 per LP Unit for four consecutive quarterly periods.
Sample 1
Limitation on Incentive Compensation. The General Partner shall not be entitled to incentive compensation at any time pursuant to Section 2.1 or 2.2 to the extent that the aggregate incentive compensation payments and distributions made by the Partnership or the Pipeline Partnership to the General Partner (including incentive compensation payments and distributions paid to BMC as general partner of the Partnership prior to December 31, 1998) or the Manager after the closing of the offering made by the Prospectus would exceed 10% of the sum of (a) the total distributions made by the Partnership or the Pipeline Partnership to Unitholders and to the Manager as general partner of the Pipeline Partnership and (b) the total incentive compensation payments made to the General Partner pursuant to Sections 2.1 and 2.2. This Section 2.3 shall expire and be of no further force and effect on the earlier of December 31, 2005, or the date that Quarterly Cash To be Distributed equals or exceeds $.6375 per LP Unit for four consecutive quarterly periods.
Sample 1
Limitation on Incentive Compensation. The General Partner shall not be entitled to incentive compensation at any time pursuant to Section 2.1 and 2.2 to the extent that the aggregate incentive compensation payments and distributions made by the Partnership or the Pipeline Partnership to the General Partner or the Manager after the closing of the offering made by the Prospectus would exceed 10% of the sum of (a) the total distributions made by the Partnership or the Pipeline Partnership to Unitholders and to the Manager as general partner of the Operating Partnership and (b) the total incentive compensation payments made to the General Partner pursuant to Sections 2.1 and 2.2. 2.4
Sample 1

Related to Limitation on Incentive Compensation

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Equity Incentive Compensation During the term of employment hereunder the Executive shall be eligible to participate, in an appropriate manner relative to other senior executives of the Parent and its subsidiaries, in any equity-based incentive compensation plan or program approved by the Board from time to time, including (but not by way of limitation) any plan providing for the granting of (a) options to purchase stock of the Parent, (b) restricted stock of the Parent or (c) similar equity-based units or interests.

  • Bonus Compensation The Executive shall not receive any bonus payment whatsoever pursuant to Section 3.02 or the Bonus Plan except such bonus which is already earned and due to be paid up to and including the Termination Date, notwithstanding any period following the Termination Date during which the Executive may receive any payments or benefits under the terms of the Agreement.

  • Annual Bonus Compensation In addition to your Salary, during the Employment Term you shall be eligible to earn an annual bonus for each whole or partial calendar year during the Employment Term, determined and payable as follows (the “Bonus”):

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Annual Incentive Compensation (a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in consultation with the Executive, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”).

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • Short-Term Incentive Compensation In addition to the foregoing Base Salary, the Executive shall be eligible during the Term to receive cash short-term incentive compensation, determined and payable in the discretion of the Compensation Committee of the Board. At least annually, the Compensation Committee shall consider awarding short-term incentive compensation to the Executive.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

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