Calculation of the Base Incentive Amount Sample Clauses

Calculation of the Base Incentive Amount. For each applicable Contract Year, the Base Incentive Amount (the “Base Incentive Amount”) will be calculated by: (1) MULTIPLYING your CPC-NACV for such Contract Year by the corresponding number of basis points set forth in the following table that corresponds to the Aggregate E&I Member CPC-NACV for such Contract Year: Aggregate E&I Member CPC-NACV 5 Days (or less) CHD 6-10 Days CHD 11-15 Days CHD 16-20 Days CHD Greater than 20 Days CHD $75,000,000 0.950% 0.890% 0.830% 0.770% 0.00% $100,000,000 0.960% 0.900% 0.840% 0.780% 0.00% $125,000,000 0.970% 0.910% 0.850% 0.790% 0.00% $150,000,000 0.980% 0.920% 0.860% 0.800% 0.00% $175,000,000 0.990% 0.930% 0.870% 0.810% 0.00% $200,000,000 1.000% 0.940% 0.880% 0.820% 0.00% $225,000,000 1.010% 0.950% 0.890% 0.830% 0.00% $250,000,000 1.020% 0.960% 0.900% 0.840% 0.00% $275,000,000 1.030% 0.970% 0.910% 0.850% 0.00% $300,000,000 1.040% 0.980% 0.920% 0.860% 0.00% $325,000,000 1.050% 0.990% 0.930% 0.870% 0.00% $350,000,000 1.060% 1.000% 0.940% 0.880% 0.00% $375,000,000 1.070% 1.010% 0.950% 0.890% 0.00% $400,000,000 1.080% 1.020% 0.960% 0.900% 0.00% $450,000,000 1.090% 1.030% 0.970% 0.910% 0.00% $500,000,000 1.100% 1.040% 0.980% 0.920% 0.00% $550,000,000 1.110% 1.050% 0.990% 0.930% 0.00% $600,000,000 1.120% 1.060% 1.000% 0.940% 0.00% $650,000,000 1.125% 1.065% 1.005% 0.945% 0.00% $700,000,000 1.130% 1.070% 1.010% 0.950% 0.00% $750,000,000 1.135% 1.075% 1.015% 0.955% 0.00% $800,000,000 1.140% 1.080% 1.020% 0.960% 0.00% $1,000,000,000 1.145% 1.085% 1.025% 0.965% 0.00% $1,250,000,000 1.150% 1.090% 1.030% 0.970% 0.00% $1,500,000,000 1.155% 1.095% 1.035% 0.975% 0.00% and (2) for each applicable Contract Year, in the event you are eligible to receive a Financial Incentive for such Contract Year, MULTIPLYING your CPC-NACV for such Contract Year by the corresponding number of basis points set forth in the following table that corresponds to your CPC-NACV for such Contract Year, >$20 Million to $40 Million 0.120% >$40 Million to $70 Million 0.200% and (3) ADDING the results of (1) and (2) above together to get your Base Incentive Amount.

Related to Calculation of the Base Incentive Amount

  • Performance Adjustment Rate Except as otherwise provided in sub-paragraph (e) of this paragraph 3, the Performance Adjustment Rate is 0.02% for each percentage point (the performance of the Portfolio and the Index each being calculated to the nearest .01%) that the Portfolio's investment performance for the performance period was better or worse than the record of the Index as then constituted. The maximum performance adjustment rate is 0.20%. For purposes of calculating the performance adjustment of the portfolio, the portfolio's investment performance will be based on the performance of the retail class. The performance period will commence with the first day of the first full month following the retail class's commencement of operations. During the first eleven months of the performance period for the retail class, there will be no performance adjustment. Starting with the twelfth month of the performance period, the performance adjustment will take effect. Following the twelfth month a new month will be added to the performance period until the performance period equals 36 months. Thereafter the performance period will consist of the current month plus the previous 35 months. The Portfolio's investment performance will be measured by comparing (i) the opening net asset value of one share of the retail class of the Portfolio on the first business day of the performance period with (ii) the closing net asset value of one share of the retail class of the Portfolio as of the last business day of such period. In computing the investment performance of the retail class of the Portfolio and the investment record of the Index, distributions of realized capital gains, the value of capital gains taxes per share paid or payable on undistributed realized long-term capital gains accumulated to the end of such period and dividends paid out of investment income on the part of the Portfolio, and all cash distributions of the securities included in the Index, will be treated as reinvested in accordance with Rule 205-1 or any other applicable rules under the Investment Advisers Act of 1940, as the same from time to time may be amended.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Performance Adjustment One-twelfth of the annual Performance Adjustment Rate will be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month and the performance period.

  • Minimum Adjusted EBITDA Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • Determination of Gross-Up Payment Subject to sub-paragraph (c) below, all determinations required to be made under this Section 6, including whether a Gross-Up Payment is required and the amount of the Gross-Up Payment, shall be made by the firm of independent public accountants selected by the Company to audit its financial statements for the year immediately preceding the Change in Control (the "Accounting Firm") which shall provide detailed supporting calculations to the Company and the Executive within 30 days after the date of the Executive's termination of employment. In the event that the Accounting Firm is serving as accountant or auditor for the individual, entity or group affecting the Change of Control, the Executive may appoint another nationally recognized accounting firm to make the determinations required under this Section 6 (which accounting firm shall then be referred to as the "Accounting Firm"). All fees and expenses of the Accounting Firm in connection with the work it performs pursuant to this Section 6 shall be promptly paid by the Company. Any Gross-Up Payment shall be paid by the Company to the Executive within 5 days of the receipt of the Accounting Firm's determination. If the Accounting Firm determines that no Excise Tax is payable by the Executive, it shall furnish the Executive with a written opinion that failure to report the Excise Tax on the Executive's applicable federal income tax return would not result in the imposition of a penalty. Any determination by the Accounting Firm shall be binding upon the Company and the Executive. As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Accounting Firm, it is possible that Gross-Up Payments which will not have been made by the Company should have been made ("Underpayment"). In the event that the Company exhausts its remedies pursuant to sub-paragraph (c) below, and the Executive is thereafter required to make a payment of Excise Tax, the Accounting Firm shall promptly determine the amount of the Underpayment that has occurred and any such Underpayment shall be paid by the Company to the Executive within 5 days after such determination. Amended and Restated Change in Control Agreement