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: 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:
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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:
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