Bonus Calculation. Whenever the Company is required to make payments to the Executive under this Section or Sections 4 and 7 below, if such payments include bonus payments for a period or periods of time which have not yet occurred, Executive will be paid his Annual Bonus at no less than 100% of the average amount of such Annual Bonus paid to Executive in the preceding two years.
Bonus Calculation. The Board shall determine the amount of pro-rated bonus due to the Executive under Section 3(b) hereof for the fiscal year in which any termination of employment occurs pursuant to Section 4(a) (b), (d) or (e) by calculating the bonus that would have been paid to the Executive as if he had remained employed through the end of the fiscal year and multiplying that amount by the number of days of such fiscal year during which the Executive was employed by the Company divided by 365 days.
Bonus Calculation. The pro rata bonuses pursuant to Section 3(c) payable to the Executive pursuant to Section 4(a), (b), (d), or (e) shall include any unpaid bonuses for the prior fiscal year. The pro rata bonuses for the fiscal year in which the termination occurs will be calculated at the end of the fiscal year in question according to the following method. The Company and/or Board shall determine the amount that would have been paid to the Executive as if he had remained employed through the end of the fiscal year and multiply that amount by the number of days of such fiscal year during which the Executive was employed by the Company divided by 365 days.
Bonus Calculation. The pro rata bonus pursuant to Section 3(b) (if any) payable to Executive pursuant to Section 6(a), (b) or (d) shall be calculated at the end of the fiscal year in question and be determined based on the portion of such fiscal year Executive was employed by Company pursuant to this Agreement and whether or not the Company obtained its EBITDA Target and other operating targets for such fiscal year.
Bonus Calculation. The Bonus shall be calculated as follows:
Bonus Calculation. If actual EBITDA for a Measuring Period is more than the Threshold EBITDA but less than 150% of Threshold EBITDA for that Measuring Period, the following formula shall be used in calculating the bonus to be paid to the Executive for the Measuring Period: X times (Y divided by Z) Where: X is 25% times 250,000, or 62,500 Y is Actual EBITDA minus Threshold EBITDA, and Z is (1.5 times Threshold EBITDA) minus Threshold EBITDA Or, expressed numerically:
Bonus Calculation. Bonus will be based on the achievement of annual budget goals in each of four (4) categories: gross margin, inventory, revenue and cash flow; the budget goals for the year will be set by PR&E in its sole and absolute discretion. If PR&E achieves its annual budget goals for each and every category, Clarx xxxl be paid a 30-percent bonus. If PR&E exceeds its annual budget goals by 10 percent or more in each and every category, Clarx xxxl earn a 40-percent bonus. In the event that one or more categories falls short of the 30-percent, 40-percent or 50-percent bonus target, Clarx xxx be paid a prorated bonus based on the actual achievement in each category. See chart below:
Bonus Calculation. The amount of the Bonus Pool for any Bonus Period shall be determined as follows, subject always to Section 3.01(c) of Participant's Employment Agreement and the definition of "Bonus Pool" set forth above:
Bonus Calculation. The pro rata bonuses pursuant to Section 3(c) payable to the Executive pursuant to Section 4(a), (b), (d), or (e) shall include any unpaid bonuses for the prior fiscal year. The pro rata bonuses for the fiscal year in which the termination occurs will be calculated at the end of the fiscal year in question according to the following methods. With respect to the guaranteed $50,000 bonus, it shall be calculated on a pro rata basis by multiplying $50,000 by the number of days of such fiscal year during which the Executive was employed by the Company divided by 365 days. With respect to the Performance Bonus in which the Executive may earn up to $100,000 annually based on substantially completing or achieving certain Operational Goals, it shall be calculated in accordance with Section 3(b)(I) of this Agreement. With respect to the Key Person Bonus Plan bonus, the Company and/or Board shall determine the amount that would have been paid to the Executive as if he had remained employed through the end of the fiscal year and multiply that amount by the number of days of such fiscal year during which the Executive was employed by the Company divided by 365 days.
Bonus Calculation. Following the Closing, Buyer shall cause the Company to pay employee bonuses for the year ended December 31, 2010 in the aggregate amount accrued on the Net Working Capital Calculation under the Company’s bonus plan in accordance with the parameters set forth on Section 6.9 of the Schedules (including to any such employee who becomes a consultant after the Closing). Payment of such bonuses will be subject to the Buyer’s normal review process, confirmation of the Company’s 2010 EBITDA and each employee’s personal goals/objectives results; provided, that if and to the extent such bonuses are not paid to the employees (or consultants), the amount of such bonuses not so paid shall be promptly thereafter paid by Buyer to the Seller Representative.
