EBITDA Bonuses Clause Samples

The EBITDA Bonuses clause establishes a system for awarding bonuses to employees or executives based on the company's earnings before interest, taxes, depreciation, and amortization (EBITDA). Typically, this clause outlines specific EBITDA targets or thresholds that must be met within a defined period, and details how bonus amounts are calculated in relation to those targets. By directly linking compensation to EBITDA performance, the clause incentivizes management to focus on profitability and operational efficiency, aligning their interests with those of the company and its stakeholders.
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EBITDA Bonuses. (i) The heading for Section 4.e., which currently reads “EBITDA Based Bonus,” is hereby amended and restated to read “EBITDA Based Bonuses.” (ii) The remainder of Section 4.e. shall constitute a new Section 4.e.i. and shall be preceded with the following new heading: “Alta EBITDA Based Bonus.” (iii) All references to “EBITDA Bonus” in such new Section 4.e.i. are hereby amended and restated to refer to “Alta EBITDA Bonus.” (iv) A new Section 4.e.ii. is hereby added to the Employment Agreement, which shall read, in its entirety, as follows:
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EBITDA Bonuses. Commencing for the fiscal quarter ending December 31, 2016, and each fiscal quarter thereafter during the term of this Agreement, Executive shall receive a bonus payment (the “Quarterly EBITDA Bonus”) if the Company’s EBITDA for the fiscal quarter meets or exceeds the target amount (the “Quarterly EBITDA Target Amount”) as follows: Quarterly EBITDA Target Amount Quarterly EBITDA Bonus $ 100,000.00 $ 2,000.00 $ 250,000.00 $ 3,000.00 The Company shall calculate and pay the Quarterly EBITDA Bonus within forty-five (45) days after the end of each fiscal quarter.
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EBITDA Bonuses. In addition to the Base Salary set forth above, the Employee shall have the right to receive additional cash bonuses as follows:
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Related to EBITDA Bonuses

  • Annual Bonuses For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus in the amount, if any, as may be determined from time to time by the Board in its discretion.

  • Cash Bonuses The Chief Executive Officer shall determine the Executive’s right to receive cash bonuses. Cash bonuses shall be awarded annually based upon the Executive’s and the Company’s annual performance pursuant to the Company’s policy. 5.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Incentive Bonuses The Executive shall be eligible for an annual incentive bonus with a target amount equal to 50% of his Base Salary (the “Target Bonus”). The Executive’s bonus (if any) shall be awarded based on criteria established by the Company’s Board of Directors (the “Board”) or its Compensation Committee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. The Executive shall not be entitled to an incentive bonus if he is not employed by the Company on the last day of the fiscal year for which such bonus is payable.

  • Cash Bonus Executive shall be entitled to a fraction of any Cash Bonus for the fiscal year of the Company within which Executive’s termination of employment occurs which, based upon the criteria established for such Cash Bonus, would have been payable to Executive had he remained employed through the date of payment, the numerator of which is the number of days of such fiscal year prior to his termination of employment and the denominator of which is three hundred and sixty-five (365);