Performance Allocations. During the Term, you will be eligible to receive investment-specific performance fees on platforms based on your active and direct participation in such investments which shall be fully vested when issued. Your existing rights to receive performance allocations or promote shall remain subject to their terms, but shall not include the 20% cutback which shall not apply to you.
Appears in 2 contracts
Sources: Employment Agreement (TPG Inc.), Employment Agreement (TPG Partners, LLC)