In return for sponsoring and managing a private equity fund, and to create an incentive to maximise the fund's returns, the individual fund managers (executives) typically receive a share of the profits realised from the fund's investments, known as "carried interest". The carried interest typically entitles the executives to 20% of the fund's overall profits after return of capital to investors in the fund. This is in addition to any salary and bonus to which he may be entitled. Restrictions will apply to the carried interest. These usually include vesting restrictions (governing when the executive acquires rights to the carried interest) and forfeiture or compulsory transfer provisions on the executive ceasing employment or office with the fund manager (manager) (often known as "good leaver/bad leaver" provisions). For a detailed review of the structure and tax treatment of carried interest, see Practice note, Carried interest: tax.