Annual Pool definition
Examples of Annual Pool in a sentence
The aggregate maximum number of Shares that may be granted in connection with all Awards during any Fiscal Year shall not exceed three percent (3%) of the total number of the Company’s outstanding Shares as of the last day of the immediately preceding Fiscal Year (“Annual Pool”), plus any Shares remaining available pursuant to the Annual Pool for the immediately preceding Fiscal Year, subject to adjustment pursuant to Section 10.
As soon as practicable following each Valuation Date, but as of such Valuation Date, the Committee will determine the applicable Annual Pool.
Such proportion of the Carried Interest in respect of such Investment shall be reflected in the Introducers Percentage, with the remainder falling into the Annual Pool of which the Investment forms part through the Annual Pool Percentage.
Participation in the Carry Profits arising on such Investment shall be pro rata to, respectively, the Introducers Percentage and the Annual Pool Percentage (with the entitlement of participants in the Annual Pool being determined according to their respective Carry Profit Points allocated to them in respect of such Annual Pool and the entitlement of the Introducers being determined according to their pro rata share of the Introducers Percentage awarded to them).
Initially, the Carried Interest Points for the Carried Interest Annual Pool for 2000 will be allocated as set forth in Schedule I.
Distributions made to any Partner in respect of Carried Interest arising in relation to an Annual Pool (or any payments into the Investment Accounts of any Partner pursuant to Clause 5.6) shall be debited to the applicable Carry Memorandum Accounts of Partners.
The General Partner shall not be obliged to reallocate Reserved Carry Points and in particular may choose not to do so where it determines that there are specific tax or other reasons why such allocation should not be made (and, for the avoidance of doubt, this may include circumstances in which it determines that the Carried Interest in respect of the Annual Pool has value).
The General Partner may determine that it will designate a separate sub-account within each Carried Interest Revenue Account in respect of the individual Investments forming part of the relevant Annual Pool, and will do so in circumstances where an Introducers Percentage has been awarded in respect of such Investment.
To the extent that the Clawback Obligation cannot be satisfied in full by the Participants in the Annual Pool, then each Introducer shall be required to make a payment up to the Clawback Obligation pursuant to Clause 5.11.2 pro rata to the aggregate Carry Profits distributed to each Introducer.
The Partnership shall open and maintain a revenue account in respect of each Annual Pool showing all its receipts (including income and capital) of Carried Interest from ▇▇▇▇▇▇▇▇▇ Capital Partners Europe in respect of Investments forming part of such Annual Pool and any expenses or losses it incurs in respect of such Investments in its capacity as the carried interest partner (each a "Carried Interest Revenue Account").