Examples of Incentive Fee in a sentence
Under the Advisory Agreement, the Company pays the Adviser (i) a base management fee (the "Base Management Fee") and (ii) an incentive fee (the "Incentive Fee") as compensation for the investment advisory and management services it provides the Company thereunder.
By way of example only, an indicative example of the calculation of the Incentive Fee under this clause 22.4 is set out in Schedule 1.
In the event that, notwithstanding this clause 22.1, the aggregate of the Base Fee, Incentive Fee and Activity Fees paid to the Manager for a Financial Year exceeds the Maximum Fee, the amount of that excess (the Excess) will be carried forward into the following Financial Year such that the aggregate of the Excess (from the prior Financial Year), and the Base Fee, Incentive Fee and Activity Fees (for that next Financial Year), will not exceed the Maximum Fee.
At the end of the Fiscal Year all accrued Incentive Fee for such Fiscal Year shall be paid within thirty (30) days after the delivery of the annual audit (or if no annual audit is performed, thirty (30) days after the submission by Operator of the annual financial statements for such Fiscal Year as provided for in Section 8.3 hereof) and shall be deducted by Operator out of the Agency Account.
Operating Metrics Scorecards will be utilized for each Provider Incentive Group to determine the Provider Performance Score for the Provider Incentive Group for each Measurement Period in order to determine the amount of any Incentive Fee Payment earned by Supplier for such Measurement Period.