Incentive Threshold. The “Incentive Threshold” shall be determined as follows: (A) as of the Closing Date, the Incentive Threshold shall be equal to the sum of (x) Transferred LLC Interest Sale Price and (y) the amount of the Private Owner WCR Account Deposit (the “Incentive Threshold Base Amount”); and
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement