Executive Bonus Plan. For each fiscal year during the Employment Period, the Executive will be eligible to receive a bonus based on the Company's achievement of the Target EBITDA for such fiscal year. Target EBITDA for the Company shall be $10,400,000 for the period of July 1st through the end of fiscal year 2000 and for each subsequent fiscal year shall be determined by the Board no later than March 31st of such fiscal year.
Appears in 4 contracts
Samples: Securities Agreement (Sleepmaster LLC), Employment and Management Securities Agreement (Sleepmaster LLC), Employment and Management Securities Agreement (Sleepmaster LLC)
Executive Bonus Plan. For each fiscal year during During the Employment Period, the Executive will be eligible to receive a bonus based on the Company's achievement of the Target EBITDA for such fiscal year. Target EBITDA for the Company shall be $10,400,000 6,600,000 for the period of July 1st through the end of fiscal year 2000 and for each subsequent fiscal year shall be determined by the Board no later than March 31st of such fiscal year2000.
Appears in 2 contracts
Samples: Security Agreement (Sleepmaster LLC), Employment Agreement (Sleepmaster LLC)
Executive Bonus Plan. For each fiscal year during the Employment Period, the Executive will be eligible to receive a bonus based on the Company's achievement of the Target EBITDA for such fiscal year. Target EBITDA for the Company shall be $10,400,000 6,600,000 for the period of July 1st through the end of fiscal year 2000 and for each subsequent fiscal year shall be determined by the Board no later than March 31st of such fiscal year.
Appears in 1 contract
Samples: Employment and Management Stock Agreement (Sleepmaster LLC)
