Performance Bonus definition

Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

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Performance Bonus shall have the meaning given to that term in Section 4(d) hereof.

Performance Bonus is defined in section 4(b). ------------

Examples of Performance Bonus in a sentence

• The amount of the Annual Performance Bonus shall be determined by the Board or Compensation Committee in its sole discretion, and shall be paid to Employee no later than March 15th of the calendar year immediately following the calendar year in which it was earned.

• Employee shall be eligible to receive an annual cash bonus (the “Annual Performance Bonus”), with the target amount of such Annual Performance Bonus equal to 45% of Employee’s Base Salary (the “Target Performance Bonus”) in the year to which the Annual Performance Bonus relates; provided that the actual amount of the Annual Performance Bonus may be greater or less than the Target Performance Bonus.

• The Annual Performance Bonus shall be based on performance and achievement of Company goals and objectives as defined by the Board or Compensation Committee; provided, however, that Company management reserves the right to deny payment of the Annual Performance Bonus if Employee’s performance fails to meet Company expectations.

• The Company shall deduct from the Annual Performance Bonus all amounts required to be deducted or withheld under applicable law or under any employee benefit plan in which Employee participates.

• Except upon termination of this Agreement by ARS pursuant to [***], within [***] following termination of this Agreement, ARS shall pay to ALK all unpaid Base Fees and Performance Bonus payments that have accrued prior to the effective date of termination; provided that any such Base Fee or Performance Bonus shall be pro-rated for any partial Quarters within the Term.

More Definitions of Performance Bonus

Performance Bonus means the bonus which may be granted to Eligible Employees under Article X of this Plan.

Performance Bonus means any portion of the bonus awarded to Employee under the Annual Incentive Program in which the Employee may elect to take in the form of cash, and which shall not include the Incentive Bonus.

Performance Bonus means the performance bonus in respect of each Series payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Series outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Series on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the total of any distributions per Unit of that Series over the Performance Bonus Term exceeds $26.50 in the case of the Series A Units and $27.48 in the case of the Series F Units.

Performance Bonus means a performance bonus payable on a per Unit basis by the Partnership to the Manager in an amount equal to 20% of the amount by which the Net Asset Value per Unit on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus any distributions per Unit paid during the period commencing on the date of the Initial Closing and ending on the Performance Bonus Date exceeds $1,120.

Performance Bonus has the meaning set forth in Section 13.3.

Performance Bonus the annual performance based bonus to which the Executive may be entitled pursuant to Clause 5.1.2;

Performance Bonus means the dollar amount which results from multiplying the Participant’s Compensation for the Bonus Period by the product of the Participant’s Target Bonus Percent and the Participant’s Performance Bonus Multiplier.