Common use of Base Bonus Clause in Contracts

Base Bonus. The Company shall pay the Employee a bonus with respect to each fiscal year or portion thereof during the Term in accordance with the following provisions: (i) If the Financial Results of the Company for a fiscal year during the Term are at least 90% but less than 95% of the EBITDA Target for such year, Employee shall be paid an amount equal to 25% of so much of his Base Salary as was paid with respect to such year. (ii) If the Financial Results of the Company for a fiscal year during the Term are at least 95% but less than 100% of the EBITDA Target for such year, Employee shall be paid an amount equal to 37.5% of so much of his Base Salary as was paid with respect to such year. (iii) If the Financial Results of the Company for a fiscal year equal or exceed 100% of the EBITDA Target for such year, Employee shall be paid an amount equal to 50% of so much of his Base Salary as was paid with respect to such year.

Base Bonus. The Company shall pay the Employee a bonus with respect to each fiscal year or portion thereof during the Term in accordance with the following provisions: (i) If the Financial Results of the Company for a fiscal year during the Term are at least 90% but less than 95% of the EBITDA Target for such year, Employee shall be paid an amount equal to 2520% of so much of his Base Salary as was paid with respect to such year. (ii) If the Financial Results of the Company for a fiscal year during the Term are at least 95% but less than 100% of the EBITDA Target for such year, Employee shall be paid an amount equal to 37.530% of so much of his Base Salary as was paid with respect to such year. (iii) If the Financial Results of the Company for a fiscal year equal or exceed 100% of the EBITDA Target for such year, Employee shall be paid an amount equal to 5040% of so much of his Base Salary as was paid with respect to such year.