Performance Incentive Fee definition

Performance Incentive Fee means a fee to be paid to the Trust Manager pursuant to the Trust Agreement, in any calendar year where the Trust has gross earnings in excess of the Hurdle Rate, 20% of such excess;
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Examples of Performance Incentive Fee in a sentence

  • The Cost Performance Incentive Fee and Schedule Performance Incentive Fees are each divided into three components: CLIN 1; CLIN 2; and CLIN 3.

  • The Government will determine the technical performance incentive fee payable under the contract, as stated in Clause B.2 Technical Performance Incentive Fee (TPIF) on an annual basis at the end of each annual evaluation period.

  • The Performance Incentive Fee shall be calculated in accordance with the Operating Protocols adopted by the parties.

  • During the first year of operations at any Affiliate commencing services after the Master Renewal Date, there will be no Performance Incentive Fee assessed to the Affiliate.

  • The calculation of the Performance Incentive Fee shall include a credit for the Management and Technology Fee for the period.

  • For Affiliates whose Affiliate Start Date falls after November of 2006 and before the Master Renewal Date, their will be no Performance Incentive Fee for the first Affiliate Contract Year.

  • In all subsequent years the Affiliate shall pay Accretive [**]% of the measured Revenue Improvement and Additional Revenue Improvement as a Performance Incentive Fee.

  • For purposes of determining the amount of fee earned, the Incentive Fee Board will recommend the adjectival rating and percentage of performance incentive fee earned for each category and sub-category of the Period 1 Performance Incentive Fee Criteria (Attachment A5) using the five adjectival ratings described below: Adjectival Rating To be Earned Description Excellent 91 – 100% Contractor has exceeded most or all project goals and standards.

  • The amount of Performance Incentive Fee earned will be determined by the Government at the conclusion of each six-month performance period.

  • The payment of a Performance Incentive Fee is a payment between the Company and ▇▇▇▇▇▇▇ House, and ▇▇▇▇▇▇▇ House is solely responsible for the tax implications as to how such payments are used by ▇▇▇▇▇▇▇ House.