Incentive Income. The Partnership shall maintain, in accordance with this Section 4.2, books and records reflecting, for each Partner, a sharing percentage in the Incentive Income derived from each Fund (a “Incentive Sharing Percentage”). In connection with any change in the number or composition of Interests outstanding or the ownership thereof, including in connection with any Membership Transaction and such other events that would cause a change in the Percentage Interests of the Partners, the Incentive Sharing Percentage of each Partner shall be adjusted in such a manner as the General Partner determines to be consistent with the Partners’ respective economic interests in the Incentive Income, taking into account such change and the terms and conditions of such Interests. All determinations of Incentive Sharing Percentages shall be made on a Fund-by-Fund basis, and thus it may be possible for a Partner to have an Incentive Sharing Percentage with respect to some Funds but not others.
Incentive Income. The following merit incentives will be awarded to Coach if the most recent (previous four-year academic data) multi-year Team Academic Progress Rate (APR) score is 930 or higher (in accordance with NCAA standard, which may be adjusted by the NCAA) and if the applicable event listedin Sections 3.1.9.1 through 3.1.9.20 occurs during Coach's employment as Coach of the Team. The Associate Athletics Director for Student-Athlete Development will verify the Team multi-year APR score with the NCAA.
Incentive Income. In addition to base salary, the Company will pay to the Executive additional monthly compensation equal to three percent (3%) of net sales revenue received by the Company and its subsidiary Guru Denim, Inc. during the month immediately preceding payment, calculated monthly. For purposes of this Section 10.2, net sales revenue means income from sales of goods and services by Guru Denim, Inc., minus the cost associated with things like returned or undeliverable merchandise, bad debts and costs of collection (including factoring costs and the costs of borrowing money to cover for bad debts and aged receivables).
Incentive Income. Subject to the approval of the Athletic Director, the merit incentives listed in Schedule 3.6 will be awarded to Coach, but only if the most recent (i.e., previous four-year academic data) m ulti-year Team Academic Progress Rate ("APR") score is 930 or higher (in accordance with NCAA standard, which may be adjusted by the NCAA) and if the applicable event listed in Schedule 3.6 occurs during Coach's employment as coach, and Coach is actively performing their duties as Head Coach for the Team at the time such event occurs. The Associate Athletics Director for Academic Services, or their designee will verify the Team multi-year APR score. Payments of amounts earned under this Section 3.6 shall be made not later than the June 30 following completion of the season and/or post-season in which they were earned, so to provide adequate time for the University to calculate the various benchmarks mentioned therein. All such payments shall be subject to withholding for applicable federal, state and local income and employment taxes.
