Bonus Pool. 4.1 For each of the fiscal years of the Company, provided that the EBITDA Target (as hereinafter defined) for such fiscal year shall have been attained, the Company shall establish a bonus pool in an amount equal to a percentage of EBITDA (as hereinafter defined) for such fiscal year as determined by the Board in consultation with Stuaxx Xxxxxxx xxx Howaxx Xxxxxxxx xxx so long as they are employed by the Company (the "Bonus Pool"); provided, however, that the Bonus Pool for any fiscal year shall not exceed that amount which, when deducted from EBITDA, would result in EBITDA for such fiscal year net of the Bonus Pool of less than $5,500,000.
Appears in 6 contracts
Samples: Employment Agreement (Norton McNaughton Inc), Employment Agreement (Norton McNaughton Inc), Employment Agreement (Norton McNaughton Inc)
