Performance Fee Rate means the rate of fee produced by application of the formula set forth above. Under such formula, the rate of fee varies directly with the time-weighted rate of return achieved for the Client by the Manager over the applicable performance measurement period, but is never greater than the "cap" rate nor less than the "floor" rate specified in the formula. The rate of fee varies above and below the "fulcrum" fee rate, i.e., the rate that is midway between the cap rate and the floor rate, depending on the amount by which the Manager's return exceeds, or is less than, the return of the "benchmark" specified in the formula. (The rate of return at which the Performance Fee Rate will equal the fulcrum fee rate is equal to the benchmark return plus the "hurdle" rate incorporated in the formula.) The rate at which the Performance Fee Rate changes in response to a specified increment of change in the Manager's performance relative to the performance of the benchmark is constant. The Performance Fee Rate will change as the Manager's performance varies from the performance of the benchmark in increments of one basis point. Fee For Services
Performance Fee Rate means, in respect of each Performance Period, 10%.
Performance Fee Rate means the rate of fee produced by application of the formula set forth above. Under such formula, the rate of fee varies directly with the time-weighted rate of return achieved for the Fund by the Manager over the applicable performance measurement period, but is never greater than the “cap” rate nor less than the “floor” rate specified in the formula. The rate of fee varies above and below the “fulcrum” fee rate, i.e., the rate that is midway between the cap rate and the floor rate, depending on the amount by which the Manager’s return exceeds, or is less than, the return of the “benchmark” specified in the formula. The rate at which the Performance Fee Rate changes in response to a specified increment of change in the Manager’s performance relative to the performance of the benchmark is constant. The Performance Fee Rate will change as the Manager’s performance varies from the performance of the benchmark in increments of one basis point. Fee For Services
Examples of Performance Fee Rate in a sentence
Performance Fee The Investment Manager will also be entitled to receive from the Sub-Fund a Performance Fee, for each Calculation Period (as defined below), with respect to each Class available, equal to the Performance Fee Rate (not exceeding the percentage amount indicated in respect of the relevant Class under the table below) multiplied by the Net New Appreciation (as defined below) of the relevant Class.
More Definitions of Performance Fee Rate
Performance Fee Rate means the percentage calculated with reference to the Average Manager Assets as set forth in the table below. Average Manager Assets Performance Fee Rate Less than or equal to $100 million 10 % More than $100 million and less than or equal to $200 million 15 % More than $200 million and less than or equal to $2 billion 20 % More than $2 billion and less than or equal to $2.5 billion 15 % More than $2.5 billion 10 %
Performance Fee Rate means 15%. "Hurdle Rate" means 4% p.a.
Performance Fee Rate means 15%.
Performance Fee Rate for MAF or USEF shall mean the rate of fee produced by application of the applicable formula set forth above. Under such formula, the rate of fee varies directly with the time-weighted rate of return achieved for MAF or USEF, as applicable, by the Manager over the applicable performance measurement period, but is never greater than the “cap” rate nor less than the “floor” rate specified in the formula. The rate of fee varies above and below the “fulcrum” fee rate, i.e., the rate that is midway between the cap rate and the floor rate, depending on the amount by which the Manager's return exceeds, or is less than, the return of the “benchmark” specified in the formula. (The rate of return at which the Performance Fee Rate will equal the fulcrum fee rate is equal to the benchmark return plus the “hurdle” rate incorporated in the formula.) The rate at which the Performance Fee Rate changes in response to a specified increment of change in the Manager's performance relative to the performance of the benchmark is constant. The Performance Fee Rate will change as the Manager's performance varies from the performance of the benchmark in increments of one basis point. Fee for Services
Performance Fee Rate means the rate of fee produced by application of the formula set forth above. Under such formula, the rate of fee varies directly with the time-weighted rate of return achieved for the Client by the Manager over the applicable performance measurement period, but is never greater than the “cap” rate nor less than the “floor” rate specified in the formula. The rate of fee varies above and below the “fulcrum” fee rate, i.e., the rate that is midway between the cap rate and the floor rate, depending on the amount by which the Manager’s return exceeds, or is less than, the return of the “benchmark” specified in the formula. (The rate of return at which the Performance Fee Rate will equal the fulcrum fee rate is equal to the benchmark return plus the “hurdle” rate incorporated in the formula.) The rate at which the Performance Fee Rate changes in response to a specified increment of change in the Manager’s performance relative to the performance of the benchmark is constant. The Performance Fee Rate will change as the Manager’s performance varies from the performance of the benchmark in increments of one basis point.
Performance Fee Rate means, with respect to each calendar quarter, the annual percentage rate of the average daily net assets of the Sub-Advisory Agreement - Special Small Cap Fund (2)
Performance Fee Rate means, with respect to each calendar quarter, the annual percentage rate of the average daily net assets of the Series during such quarter that is determined by adding to (or subtracting from) 0.80% one-fifth of the number of basis points by which the total return of the Series (expressed as a percentage, and calculated before giving effect to the Series's expenses) during the one-year period ending at the end of such quarter exceeds (or falls short of) the Benchmark (as hereinafter defined), provided, however, that such fee rate shall in no event exceed the annual rate of 1.30% of such average daily net assets and shall in no event be less than 0.30% of such average daily net assets; and provided further that, until the end of the first calendar quarter that ends on or after the 364th day following commencement of the Series's investment operations, the Performance Fee Rate shall be the annual rate of 0.80% of the average daily net assets of the Series. As used in this Agreement, "Benchmark" shall mean, with respect to the calculation of the Performance Fee Rate following the end of each calendar quarter, the total return (on a dividends-reinvested basis, and expressed as a percentage) of the Xxxxxxx 2000 Index during the one-year period ending at the end of such quarter. The Manager may from time to time waive the compensation it is entitled to receive from the Trust; however, any such waiver will have no effect on the Manager's obligation to pay the Sub-Adviser the compensation provided for herein.