Unvested Amount

Example Definitions of "Unvested Amount"
Unvested Amount. With respect to a particular Subaccount of an Incentive Fee Account, (i) if a Forfeiting Event occurs during the Award Period for such Subaccount, 100% of the amount in or to be credited to such Subaccount, (ii) if a Forfeiting Event occurs on or after the first day of the year following the Award Period for such particular Subaccount and prior to December 31 of such year, the lesser of (A) the Incentive Fee allocated to such Subaccount for the Award Period and (B) 50% of the Incentive Fee... allocated to such Subaccount for such Award Period multiplied by the Vesting Percentage, as such amount has been adjusted pursuant to section 4 hereof, (iii) if a Forfeiting Event occurs on or after December 31 of the year following the Award Period for such Subaccount and prior to December 31 of the second year following the Award Period for such Subaccount, 50% of the amount defined in clause (ii) of this subsection and (iv) if a Forfeiting Event occurs on or after December 31 of the second year following the Award Period for such Subaccount, 0% of the amount in such Subaccount. This subsection 1.27 shall be subject to amendment on a prospective basis by written notice from the Investment Manager to the Company View More
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