📄 Extracted Text (312 words)
u. "Departed Non-Managing Member" shall mean an Executive (or
Family LLC that has been formed by an Executive) that dies, becomes permanently disabled, is
terminated by the Firm with or without Cause, resigns or retires.
v. "Desk" shall mean one or more business investment groups of the
Firm made up of one or more investment professionals of the Firm pursuing a specified
investment program as determined in accordance with Section 6d from time to time.
w. "Desk Allocation Amount" shall mean, with respect to each
Investment for each year, the following product (which may be either a positive or negative
amount): 40% (or such lesser percentage determined herein for such Investment by the
Managing Member) multiplied by the Investment P&L generated by such Investment which
product shall then be multiplied by the Incentive Allocation Rate; provided, however, for this
purpose only 80% of Investment P&L from Coinvestment Vehicles shall be taken into account.
x. "Desk Bonus Pool" shall mean, with respect to a Desk for a fiscal
year, 30% of the Desk Allocation Amounts for such Desk for such fiscal year (which may be
either a positive or negative amount); provided that the Desk Bonus Pool for the Private Equity
Desk shall be 62.5% of the Desk Allocation Amounts for the Private Equity Desk each fiscal
year; provided, further, that the percentage of the Desk Allocation Amounts that constitutes the
Desk Bonus Pool for any other Desk may be modified from time to time with the consent of the
Managing Member. For purposes of calculating the Desk Bonus Pool, Desk Allocation Amounts
may be adjusted for Catch Up Allocations, bonuses, "sign-on" payments or other lump sum
amounts attributable to such Desk Allocation Amounts.
y. "Desk Percentage" shall have the meaning set forth in Section
6d(3).
DOC ID 25061468.12 8
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0047051
CONFIDENTIAL SDNY_GM_00193235
EFTA01359045
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EFTA01359045
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