Incentive Partnership definition

Incentive Partnership means any trust or limited partnership to which a Credit Party, as general partner, contributes a portion of its after-payout working interest in xxxxx drilled within certain areas, and key employees and consultants who promote the drilling and acquisition programs, as limited partners contribute cash.
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Examples of Incentive Partnership in a sentence

  • The purpose of this Long-Term Incentive Partnership Plan (the “Plan”) is to permit a select group of management employees of PacifiCorp and its subsidiaries to share in significant increases in the value of the Company realized through the efforts of these individuals.

  • In no event will deductions in determining Cash Flow pursuant to clauses (i) and (ii) above include payments made on account of: the Asset Management Fee, amounts due on any Subordinated Loans, the Incentive Partnership Management Fee, the subsequent annual funding of the Tenant Transition Fund, the Deferred Development Fee and/or any Cash Flow only interest payments on the Preservation Loan.

  • General Partner shall receive no compensation for General Partner's services as General Partner except as specifically provided in the Incentive Partnership Management Agreement.

  • The General Partner is hereby authorized, for and on behalf of the Partnership, to execute the Incentive Partnership Management Agreement.

  • Xxxxx 50,000 .1582 % TOTAL $ 171,428,518 $ 200,000,000 $ 371,428,568 30,952,380 666,668 100 % * Net of Debt (if any) XXXXXXX X-0 (Dated October 13, 2004) PARTNERS, CONTRIBUTIONS AND PARTNERSHIP INTERESTS (Amended) Name and Address of Partner Gross Asset Value Cash Contributions Agreed Value of Contributed Property* Total Contributions Regular Partnership Units Incentive Partnership Units Percentage Interest General Partner Xxxxxx Properties Group, Inc.

  • The Berkshire Hathaway Energy Company Long-Term Incentive Partnership Plan and the Berkshire Hathaway Energy Company Executive Voluntary Deferred Compensation Plan (collectively, the “Plans”) allow participating employees of Berkshire Hathaway Energy Company (“BHE”) and certain of its affiliates to defer the payment of all or a portion of their compensation for services to BHE and such affiliates and have such deferred amounts deemed invested into certain notional investments.

  • The General Partner shall not assign, pledge or otherwise encumber, for security or otherwise, the payments of the Incentive Partnership Management Fee set forth above to be made by the Partnership, or any portion(s) thereof or any of its respective right(s) thereto, without prior written notice and the written consent of the Special Limited Partner.

  • The purpose of this Long-Term Incentive Partnership Plan (the "Plan") is to permit a select group of management employees of MidAmerican Energy Holdings Company and its subsidiaries to share insignificant increases in the value of the Company realized through the efforts of these individuals.

  • In no event will deductions in determining Cash Flow pursuant to clauses (i) and (ii) above include payments made on account of amounts due on any Subordinated Loans, the Asset Management Fee and/or the Incentive Partnership Management Fee.

  • If, in any Fiscal Year, Cash Flow and/or proceeds from Capital Transactions are insufficient to pay the Incentive Partnership Management Fee, any unpaid portion of said Incentive Partnership Management Fee shall accrue, without interest and shall be payable on a cumulative basis in the first year in which there is sufficient Cash Flow available for the payment of such fee, or in the first year in which proceeds of a Capital Transaction are available.

Related to Incentive Partnership

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Partnership has the meaning set forth in the Preamble.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • General Partner has the meaning set forth in the Preamble.

  • Incentive means a term or condition whose purpose is to motivate the Contractor to provide supplies or services at lower costs, and in certain instances with improved delivery or technical performance, by relating the amount of profit or fee earned to the Contractor’s performance.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Incentive Management Fee shall have the meaning set forth in Section 9.2(e) hereof.

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

  • Incentive Distribution Right means a non-voting Limited Partner Interest issued to the General Partner, which Partnership Interest will confer upon the holder thereof only the rights and obligations specifically provided in this Agreement with respect to Incentive Distribution Rights (and no other rights otherwise available to or other obligations of a holder of a Partnership Interest). Notwithstanding anything in this Agreement to the contrary, the holder of an Incentive Distribution Right shall not be entitled to vote such Incentive Distribution Right on any Partnership matter except as may otherwise be required by law.

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

  • General Partner Unit means a fractional part of the General Partner Interest having the rights and obligations specified with respect to the General Partner Interest. A General Partner Unit is not a Unit.

  • GP means Gottbetter & Partners, LLP.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • REIT means a real estate investment trust under Sections 856 through 860 of the Code.

  • LTIP means the Long-Term Incentive Plan of the General Partner, as may be amended, or any equity compensation plan successor thereto.

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Incentive Distributions means any amount of cash distributed to the holders of the Incentive Distribution Rights pursuant to Section 6.4.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.