Incentive Fee definition
Examples of Incentive Fee in a sentence
If the Incentive Fee is paid in Units, such Units may be redeemed at the Management Company request and would not be subject to the redemption limitations of the Fund’s quarterly unit redemptions and would not be subject to the Early Redemption Fee.
The balance of any Loss Recovery Account will have no bearing on the Net Asset Value other than for the purpose of determining the Incentive Fee.
The Management Company may waive, reduce or calculate differently the Incentive Fee with respect to one or more Limited Partners in its sole discretion.
The Annual Incentive Fee shall be payable in the form of a lump sum cash payment no later than March 15th of the calendar year that immediately follows the calendar year to which it relates (such payment date being, the “Incentive Payment Date”), following the Company’s receipt of the Consultant’s invoice therefor.
In order for Consultant to be eligible to receive any Annual Incentive Fee, and except as otherwise provided in this Agreement, Consultant must remain continuously engaged hereunder through December 31st of the calendar year in which Annual Incentive Fee relates and not experience a termination of engagement by the Company for Cause prior to the Incentive Payment Date.