Management Incentive Member definition

Management Incentive Member means a Member who holds of record a Management Incentive Unit. To the extent a Member holds Common Units and one or more Management Incentive Units, such Member will be treated as a Management Incentive Member only with respect to the Management Incentive Units held thereby.
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Management Incentive Member means any Member who holds Management Incentive Units.
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Examples of Management Incentive Member in a sentence

  • Each of the Investor Parties and their representatives and Affiliates other than any Management Incentive Member (collectively, the “Institutional Investors”) will be permitted to assign its rights and obligations as a participant in an Alternative Investment Vehicle to an Affiliate of such Member (any assignee, an “Affiliate AIV Member”).

  • Subject to Section 4.2(b)(ii), the Company shall pay to such Management Incentive Member an amount equal to the amount of the distribution that the Management Incentive Member would have received but for the preceding sentence when such Management Incentive Units vest.

  • Except as provided in Section 4.3, no distributions shall be made to a Management Incentive Member with respect to unvested Management Incentive Units.

  • References hereunder to an Eligible Employee as a Management Incentive Member will be deemed to refer to the Eligible Employee Affiliate affiliated with such Eligible Employee that is a Management Incentive Member such that anything occurring with respect to the Eligible Employee that is affiliated with such Eligible Employee Affiliate will be deemed to have occurred with respect to such Eligible Employee Affiliate.

  • Unless otherwise specified in a relevant Employment Agreement or Award Letter, if a Management Incentive Member’s Business Relationship is terminated by the Company or its Affiliates for Cause, then such Management Incentive Member and any or all of such Management Incentive Member’s Permitted Transferees will forfeit to the Company all of the Management Incentive Units, whether vested or unvested, held by such Management Incentive Member and such Permitted Transferees for no consideration.

  • All Management Incentive Units granted to and held by any Management Incentive Member shall vest automatically immediately prior to, but conditioned upon, the consummation of a Final Exit Event or a liquidation and winding up of the Company pursuant to Article 8 of the Company Agreement.

  • Sector-wise specific programs in cooperation with Dialogue Partners - China, Japan and the Republic of Korea are mentioned below.

  • The Management Incentive Members (other than a Management Incentive Member that is also a Manager) will not have any right under the Act or the Company Agreement to have access to (i) the number of Management Incentive Units issued to any other Management Incentive Member or (ii) the books and records of the Company pursuant to the terms and conditions of the Act and the Company Agreement.

Related to Management Incentive Member

  • Management Incentive Plan means the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • Economic development incentive means a financial incentive,

  • county executive committee member means the county executive committee member responsible for matters relating to land;

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

  • Executive Management means the CEO and the CFO for purposes of administering this Plan.

  • Executive Member means any elected member of the authority appointed to the executive of that authority;

  • Management Director means a Person selected in accordance with Article IV of this Agreement who shall have the powers and duties to manage the business and affairs of the Company and exercise its powers to the extent set forth in this Agreement, the Certificate and the Act. Each Management Director shall be a “manager” of the Company within the meaning of the Act.

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

  • Management Board means the management board of the Company.

  • Uniform Grant Management Standards or “UGMS” means uniform grant and contract administration procedures, developed under the authority of Chapter 783 of the Texas

  • Deferred member means a person who elected to receive deferred vested retirement

  • Other Incentive Award means an Award denominated in, linked to or derived from Shares or value metrics related to Shares, granted pursuant to Section 9.6 hereof.

  • Compensation Committee means the Compensation Committee of the Board.

  • Teaching staff member means an employee who holds a position for which a certificate issued by the New Jersey State Board of Examiners is required.

  • Legislative Leadership Committee means a committee established, authorized to be established, or designated by the President of the Senate, the Minority Leader of the Senate, the Speaker of the General Assembly, or the Minority Leader of the General Assembly pursuant to N.J.S.A. 19:44A-10.1 for the purpose of receiving contributions and making expenditures.

  • Non-Management Director means any Person selected in accordance with Article IV of this Agreement who is not a Management Director.

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Executive manager means an individual employed by a new motor vehicle dealer in an executive capacity and who has a written employment agreement with the dealer that includes a right for the executive manager to purchase a controlling interest in the dealership at a future time or on the death or incapacity of the dealer.

  • Texas Grant Management Standards or “TxGMS” means uniform grant and contract administration procedures, developed under the authority of Chapter 783 of the Texas Government Code, to promote the efficient use of public funds in local government and in programs requiring cooperation among local, state, and federal agencies. Under this Grant Agreement, TxGMS applies to Grantee except as otherwise provided by applicable law or directed by System Agency. Additionally, except as otherwise provided by applicable law, in the event of a conflict between TxGMS and applicable federal or state law, federal law prevails over state law and state law prevails over TxGMS.

  • Management Committee means in the case of a Competition which is an unincorporated association, the management committee elected to manage the running of the Competition and where the Competition is incorporated it means the Board of Directors appointed in accordance with the articles of association of that company.

  • Company Incentive Plan shall have the meaning assigned to it in Section 1.7 hereof.

  • Team Member means an individual who is allowed to access the Cloud Service but is only granted membership in groups associated with “Team Member” permissions for the Cloud Service.2

  • State Management Committee means a Committee comprising representatives from the Confederation of Western Australian Industry, the Trades and Labor Council of Western Australia, Technical and Further Education (TAFE) and the relevant Federal and State Government Departments which approve traineeship arrangements by agreement of each of the parties. The State Management Committee may be established pursuant to the provisions of the Industrial and Commercial Training Act, 1975 or any amendment to or substitution of that Act, provided that any Committee or body established in lieu of the State Management Committee has the same representatives structure and decision making processes as that Committee.

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Corporation receives from portfolio companies) accrued during the calendar quarter, minus the Corporation’s operating expenses for the quarter (including the Base Management Fee, expenses reimbursed to the Adviser under this Agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the Incentive Fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Corporation has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • Exit Management means the obligations and rights of the Parties to ensure a smooth transition of the Framework from the Contractor to the Authority or any Replacement Contractor as set out in Clause 44 (Exit Management) and Schedule 8 (Exit Management).

  • 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.