Incentive Period definition

Incentive Period means, with respect to each Unit, the initial period commencing on the date of issuance to a Member of such Unit, and thereafter each period commencing as of the day following the last day of the preceding Incentive Period with respect to such Unit, and ending at the close of business on the first to occur of the following:

Incentive Period means, with respect to a Partner's Interest, a single Sub-Period or multiple consecutive Sub-Periods. Both the Incentive Period and the last Sub-Period within the Incentive Period will terminate at the close of business on the earliest occurrence of: (1) the last day of the calendar year; (2) the date immediately prior to the effective date of a full Transfer of Interests; or (3) the date on which the Partnership dissolves.

Incentive Period with respect to a Member shall mean, in the case of the first Incentive Period, the period beginning on the date in which the Member’s Capital Account was opened and ending on the last day of the calendar year, and in the case of subsequent Incentive Periods, each calendar year; provided, further that in the case of a repurchase of an interest (or portion thereof) on a repurchase date, the final Incentive Period for such interest (or portion thereof) shall end on such repurchase date; and provided further that in the event that a Feeder Fund is terminated, the final Incentive Period for all interests shall end on the date of such termination. The “Loss Carryforward Amount” for a Member commences at zero and, for each Incentive Period, is increased by the Net Losses allocated to such Member’s Capital Account for such Incentive Period or is reduced (but not below zero) by the Net Profits allocated to such Member’s Capital Account for such Incentive Period. A Member’s Loss Carryforward Amount will be proportionately adjusted with respect to any contributions, transfers, distributions and repurchases applicable to the Member’s Capital Account.

Examples of Incentive Period in a sentence

• However, the Growth Incentive rate will be capped at a fixed rate of $0.21 per Kg butterfat and $0.32 Kg protein where 720,000 Kg Milk Solids or more are accepted by DFMC from the supplier during the Growth Incentive Period.

• To determine whether you will receive a Growth Incentive, at the end of the Growth Incentive Period, you will be assessed against both the criteria for the New Milk Incentive and the criteria for the Growth Incentive.

• To determine whether the Supplier will receive a Growth Incentive, at the end of the Growth Incentive Period, the Supplier will be assessed against both the criteria for the New Milk Incentive and the criteria for the Growth Incentive.

• The Growth Incentive is calculated on any increase in either or both of the Milk Solids which are accepted by us in each Growth Incentive Period over and above the average of the relevant Milk Solids in such Milk supplied during the previous two Financial Years (Growth Incentive Baseline).

• The Growth Incentive is calculated on any increase in either or both of the Milk Solids which are accepted by us in the Growth Incentive Period over and above the average of the relevant Milk Solids in such Milk supplied during the previous two Financial Years (Growth Incentive Baseline).

More Definitions of Incentive Period

Incentive Period means the period beginning on July 1 and

Incentive Period means the period from January 1 through June 30, and July 1 through December 31 of each fiscal year.

Incentive Period for an eligible project means

Incentive Period shall commence upon the commencement of the Accounts. Each subsequent Incentive Period shall commence immediately after the close of the preceding Incentive Period, and ending on the first to occur of: (A) the last day of the calendar year; (B) the date the Accounts are terminated; or (C) the effective date of any full or partial withdrawal (with respect to such withdrawn amounts) if such date is other than a calendar year end.

Incentive Period means the period beginning July 1, 2010 and ending on June 30, 2011.

Incentive Period means the period of time beginning April 1, 2015 and ending March 30, 2035.

Incentive Period means the period beginning upon the Sales Tax Effective Date and concluding at the end of the Term.