BONUS THRESHOLD Sample Clauses

BONUS THRESHOLD. The "Bonus Threshold" for a Special Project shall be $1,000,000 of Special Project Net Profits.
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BONUS THRESHOLD. No bonus shall be payable until the completion of the first fiscal year in which the "Cumulative Net Profit" as herein defined of PRM exceeds $1,000,000. No bonus shall be payable with respect to any fiscal year after the fiscal year ending June 30, 2001.
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BONUS THRESHOLD. Notwithstanding subparagraph (a) above, the Executive shall not be entitled to an Annual Bonus for any fiscal year of the Company (i) unless and until the Operating Profit of the Company for such fiscal year exceeds the amount set forth below under the heading "Operating Profit Threshold" with respect to such fiscal year, (ii) with respect to any Operating Profit other than that portion of such Operating Profit in excess of the Operating Profit Threshold for such fiscal year set forth below and (iii) unless the sum of the cumulative Operating Profits from April 1, 1993 through the end of such fiscal year exceeds the sum of the Operating Profit Thresholds set forth below for such period; provided, however, that the amount of the Operating Profit Threshold for the fiscal years ending March 31, 1994, 1995 and 1996 shall be reduced in each case by the ▇▇▇▇▇▇ Profit (as hereinafter defined) earned in that fiscal year, provided further that the foregoing reduction shall not exceed $1,000,000 for the fiscal year ending in 1994, $1,350,000 for the fiscal year ending in 1995 and $1,500,000 for the fiscal year ending in 1996; provided further, however, that the Operating Profit Threshold for the fiscal year ending March 31, 1996 shall be reduced by $200,000 in the event that the Company and its Affiliates (as hereinafter defined) receive revenues in the fiscal years ending in 1994 and 1995 equal in the aggregate to at least $3,000,000 from (i) spot buying computed at rates of 3.5% and network buying computed at rates of 1.5% done by the Company through the Company and its Affiliates and (ii) from any other advertising services obtained by the Company from the Company and its Affiliates at a charge of 2.85 times the salary and benefit costs of the employees providing such services: Fiscal Year Ending March 31, Operating Profit Threshold ---------------------------- -------------------------- 1994 $1,600,000 1995 $2,550,000 1996 $2,700,000 1997 $ 400,000 1998 $ 400,000 1999 $ 400,000 2000 $ 400,000 2001 $ 400,000 2002 (through June 30, 2002) $ 400,000
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Related to BONUS THRESHOLD

  • Bonus Amount For purposes of this Agreement, "Bonus Amount" shall mean the greater of (a) the target annual bonus payable to the Executive under the Incentive Plan in respect of the fiscal year during which the Termination Date occurs or (b) the highest annual bonus paid or payable under the Incentive Plan in respect of any of the three full fiscal years ended prior to the Termination Date or, if greater, the three (3) full fiscal years ended prior to the Change in Control.

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • Threshold Neither the Seller nor the Purchaser shall be required to make any indemnification payment pursuant to Section 8.1 or 8.2, respectively, until such time as the total amount of all Damages that have been directly or indirectly suffered or incurred by an Indemnified Party, or to which an Indemnified Party has or otherwise becomes subject to, exceeds $50,000 in the aggregate. At such time as the total amount of such Damages exceeds $50,000 in the aggregate, the Indemnified Party shall be entitled to be indemnified against the full amount of such Damages (and not merely the portion of such Damages exceeding $50,000).

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Annual Bonus Opportunity Your annual target bonus opportunity following the Effective Date will be 50% of your annual base salary (the “Target Bonus”). The Target Bonus shall be subject to review and may be adjusted based upon the Company’s normal performance review practices. Your actual bonuses shall be based upon achievement of performance objectives to be determined by the Board in its sole and absolute discretion. Bonuses will be paid as soon as practicable after the Board determines that such bonuses have been earned, but in no event will a bonus be paid to you after the later of (i) the fifteenth (15th) day of the third (3rd) month following the close of the Company’s fiscal year in which such bonus is earned or (ii) March 15 following the calendar year in which such bonus is earned.