A Bonus Equal to Twenty Five Percent (25%) of the Increase in the “Target Revenue Sample Clauses


A bonus equal to twenty-five percent (25%) of the increase in the “Target Revenue as defined below, over that generated by the Target Agency during the fiscal year most recently completed by the Target Agency prior to the date of acquisition for each of the two (2) fiscal years subsequent to such acquisition. “Target Revenue” is defined as the sum of: (A) all commissions (e.g., property, casualty, group, life, etc.) and fees, in lieu of and/or in addition to commissions; less (B) commissions, fees, bonuses or similar income paid or retained by independent contractors (brokers). Target Revenue specifically excludes interest or similar income.