Incentive Allocation definition

Incentive Allocation means the special allocation of a portion of the net profits of the Company to the Manager as provided in Section 3.6.

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Incentive Allocation has the meaning set forth in Section 5.03(c)(i).

Incentive Allocation shall have the meaning as set forth in Section 4.1.2.2 hereof.

Examples of Incentive Allocation in a sentence

• If the Incentive Allocation is paid in Units, such Units may be redeemed at the request of the General Partner, or such other person as the General Partner may designate, and will not be subject to the Redemption Limitation (nor taken into account for the purpose of calculating the 5% quarterly Redemption Limitation) or the Early Redemption Deduction.

• If the Incentive Allocation is paid in Units, such Units may be redeemed at the Special Limited Partner’s request and will not be subject to the volume limitations of the Fund’s Unit redemption program as set forth in Annex B hereto (as amended from time to time, the “Redemption Program”) or the Early Redemption Deduction.

• Additionally, all Units timely submitted for redemption and not withdrawn as of the Redemption Deadline shall be excluded as of the Redemption Date from the Fund’s NAV and such redeemed Units will not bear fees or expenses, including but not limited to the Management Fee, Incentive Allocation and Servicing Fees.

• Class C Units acquired by CVC Entities as payment of the Management Fee and/or Incentive Allocation are not subject to this Redemption Program and may be redeemed at CVC’s sole discretion.

• The Redemption Limitation, Redemption Price and Early Redemption Deduction are calculated based on the Fund’s NAV (excluding the NAV of Class C Units acquired by CVC Entities as payment of the Management Fee and/or Incentive Allocation, but including the NAV attributable to the Feeder Funds and any Parallel Funds).

More Definitions of Incentive Allocation

Incentive Allocation means the incentive allocations or other performance-based allocations of net capital appreciation or net profits from the Funds to the Company pursuant to the Fund Agreements, excluding any allocations of net capital appreciation or net profits made to the Company by virtue of its capital invested in such Funds (which capital, for the avoidance of doubt, shall not include any Incentive Allocation that remains in the Funds and any related capital appreciation).

Incentive Allocation has the meaning set out in Section 5.6(a) of this Agreement.

Incentive Allocation. Shall have the meaning set forth in Section 8.5.

Incentive Allocation means, with respect to any Member, other than a Special Member, 20% (and, as respects a Special Member, such percentage as the Adviser shall have agreed with such Special Member) of the amount, determined as of the close of each Allocation Period with respect to such Member (appropriately adjusted for any partial repurchases or partial Transfers of Interests), by which such Member's Positive Allocation Change for such Allocation Period, if any, exceeds any positive balance in such Member's Loss Recovery Account as of the most recent prior date as of which any adjustment has been made thereto.

Incentive Allocation shall have the meaning set forth in Annex A.

Incentive Allocation means, with respect to each Member, 10% of the amount, determined as of the close of each Allocation Period with respect to such Member, by which such Member's Positive Allocation Change for such Allocation Period, if any, exceeds the sum of: (1) the Preferred Return; and (2) the amount of any positive balance in such Member's Loss Recovery Account.

Incentive Allocation is defined in Section 4.3.1.