Vesting Percentage

Vesting Percentage. Means, with respect to a calendar year, a percentage determined as follows: (a) if the EBITDA Percentage for such calendar year is less than or equal to 90%, the Vesting Percentage will equal zero percent; (b) if the EBITDA Percentage for such calendar year is equal to or greater than 100%, the Vesting Percentage will equal 20 percent; and (c) if the EBITDA Percentage for such calendar year is between 90% and 100%, the Vesting Percentage will equal the product (expressed as a percentage) of (i)... two multiplied by (ii) the EBITDA Percentage for such calendar year minus 90%. For example, if the EBITDA Percentage for a calendar year were 97%, the Vesting Percentage for such year would be 14%. View More

Vesting Percentage. The value (as of December 31 of the relevant Fee Period) of (x) (i) the assets of the Company, excluding assets not subject to an Incentive Fee (the Company Assets) plus (ii) all other assets of U.S. investment partnerships and other entities as to which the Investment Manager provides services which are subject to an incentive allocation or incentive fee, divided by (y) the Company Assets. The Investment Manager shall notify the Company, and each Participant, as to the Vesting Percentage as... soon as practicable after the end of the Fee Period View More

Vesting Percentage. The percentage determined under the following vesting schedule based on the Executive's Years of Vesting Service: Years of Vesting Service Vesting Percentage Less than 6 0 % 6 20 % 7 40 % 8 60 % 9 80 % 10 or more 100 %

Vesting Percentage. Shall mean the percent to which the Award is vested in accordance with Section 3 below.