Payout Pool definition

Payout Pool means an amount equal to the excess, if any, of Business Unit Value over the Baseline Value, multiplied by 15%.
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Examples of Payout Pool in a sentence

  • Upon the occurrence of any Payout Event other than the Sale of the Company, the value of each Performance Unit that is deemed to have vested in accordance with Section 3 or 4 hereof (as the case may be) shall be calculated as an amount equal to (i) the Payout Pool, divided by (ii) the Outstanding Units.

  • If the Payout Event is a Sale of the Company, the value of each Performance Unit that is deemed to have vested in accordance with Section 4 hereof shall be calculated as an amount equal to (i) the Payout Pool, divided by (ii) the Outstanding Units.

  • Effective June 1, 2004, the company will pay each month, into a pool, an amount of money per ton based on the following formula: Tons Sold – Payout Pool Guaranteed Production 5000 tons + EV Canadian & ABM 50¢ per ton 50¢ per ton Bulk net to plant $80/Mtne+ 25¢ per ton 50¢ per ton Bulk net to plant $95/Mtne+ 75¢per ton 50¢ per ton This payment will be made each month.

Related to Payout Pool

  • Performance Factor means any matter that could or will significantly affect a party’s ability to fulfill its obligations under this Agreement;

  • Payout Percentage means the percentage (between 0% and 200%) determined by the Committee in accordance with the procedures set forth in Paragraph 2, which shall be used to determine the value of each Performance Unit.

  • Payout means that time at which cash distributions have been made by the Limited Partnership to the Unit Holders (together with their predecessors in interest) pursuant to Section 5.1 of the Limited Partnership Agreement (together with any distributions to such Unit Holders pursuant to Section 3.3 of the Limited Partnership Agreement), in an aggregate amount equal to the Unit Holders' Subscriptions to the Limited Partnership.

  • Performance Award Formula means, for any Performance Award, a formula or table established by the Committee pursuant to Section 10.3 which provides the basis for computing the value of a Performance Award at one or more levels of attainment of the applicable Performance Goal(s) measured as of the end of the applicable Performance Period.

  • Bonus Pool means the pool of funds available for distribution to Participants. Subject to the terms of the Plan, the Committee establishes the Bonus Pool for each Performance Period.