Performance Incentive definition

Performance Incentive shall have the meaning ascribed to it in Clause 4.10.

Performance Incentive means, with respect to each Limited Partner, 10% of the amount, determined as of the close of each Incentive Period, if any, of (1) the Limited Partner's allocable share of Net Profits calculated in accordance with Section 5.4 of this Agreement (excluding amounts previously allocated to repurchased or distributed portions of the Limited Partner's Capital Account during the Incentive Period), in excess of the Limited Partner's allocable share of Net Losses calculated in accordance with Section 5.4 of this Agreement (excluding amounts previously allocated to repurchased or distributed portions of the Limited Partner's Capital Account during that Incentive Period), above (2) the greater of (a) the Limited Partner's Hurdle Rate Amount for a given Incentive Period or (b) the Limited Partner's Loss Carryforward Amount, if any, for a given Incentive Period. The Performance Incentive for a given Incentive Period will be adjusted with respect to any contributions, transfers, distributions, withdrawals and repurchases applicable to the Limited Partner's Capital Account for that Incentive Period, or portion thereof.

Performance Incentive means the payment to the Operator under Article 9 for achieving certain performance levels of operation.

Examples of Performance Incentive in a sentence

• A Performance Incentive Program is established for “service-critical” employees at the Municipal Transportation Agency (MTA) in each of the following Occupational Groups: • Maintenance Group • Operations Group • Administration Group Service Standards are developed for each Occupational Group, and Performance Goals are established for each Service Standard.

• The Employer reserves the right to amend or eliminate the Executive Performance Incentive Plan at any time, in its sole discretion, with reasonable notice or warning.

• The Executive shall be entitled to participate in the Employer’s Executive Performance Incentive Plan as approved by the Board of Trustees.

• RMR Generators that are compensated pursuant to an Owner Developed Rate are not eligible to receive an Availability Incentive or a Performance Incentive.

• Provided, however, that the total amount of penalties that can be assessed to an RMR Generator that is providing service under an APR shall be capped at the total, cumulative amount of Performance Incentive payments and Availability Incentive payments computed by the ISO to be due to that RMR Generator through the end of the month in which one or more penalties are charged.

More Definitions of Performance Incentive

Performance Incentive shall have the meaning ascribed to it in Clause 3.12. ac) “Pithead” shall mean any of the following as the context may admit: In case of an underground Coalmine, Pithead shall mean the point of entry into the mine on the surface of coal mine at the ground level and would be a place or point distinct from Delivery Point; In case of an open-cast Coalmine, Pithead shall mean the exit point of Coal on surface (mouth/entry of the main access trench or an auxiliary access trench). In case of open-cast mines with more than one exit points of Coal, there will be as many ‘Pitheads’ and will apply respectively to the amount of Coal egressing from a particular exit point. The distance of transportation on surface from the Pithead (mouth of the main access trench or an auxiliary access trench) to the Colliery Loading Point shall be measured along the route of Coal transportation.

Performance Incentive means the amount which is in excess of the Anticipated Profit for the Investment and which is payable to the Bank as a performance incentive for the Investment;

Performance Incentive means the Quarterly Performance Incentive and the Annual Performance Incentive.

Performance Incentive means the Investment Profit amount which is in excess of the Anticipated Profit for the Investment and which is payable to the Bank as a performance incentive for the Investment;

Performance Incentive means, in the case of any Participant, the incentive payable to such Participant under the Plan for the applicable Plan Year.

Performance Incentive means the amount to be paid to the Participant for each Pay-for-Performance Period calculated as the Incentive Rate multiplied by the Electricity Savings.

Performance Incentive means the incentive provided for under Clause 14.2(ii)(b). "Xxxxxx Co-venturers" means each of: MOC EXPLORATION (U.K.) LIMITED, whose principal office is at 0-0 Xxxxxxxxx 0-Xxxxx, Xxxxxx-xx, Xxxxx 000, Xxxxx and whose branch office in the United Kingdom is at 00 Xxxxxxxx Xxxxxx, Xxxxxx XX0X 0XX; AGIP (U.K.) LIMITED, whose registered office is at Ebury Bridge House, 00 Xxxxx Xxxxxx Xxxx, Xxxxxx XX0X 0XX; ENTERPRISE OIL plc ("Enterprise"), whose registered office is 0 Xxxx Xxxx, Xxxxxx XX0 0XX ENTERPRISE OIL EXPLORATION LIMITED, whose registered office is 0 Xxxx Xxxx, Xxxxxx XX0 0XX and in their capacity as parties with a beneficial interest in the Xxxxxx Field, and their respective successors and permitted assigns in such capacity.