McAuliffe. The undersigned hereby xxxxxxxxxx xxx performance by General Physics Corporation of its obligations under the foregoing Agreement. GP STRATEGIES CORPORATION By: Schedule A Employee's bonus for each calendar year during the Employment Period, commencing 2000, shall equal (i) 1% of Employee's base salary for that year for each 1% increase in EBITDA from the prior year's EBITDA, up to a 10% increase in EBITDA, (ii) 2% of Employee's base salary for that year for each 1% increase in EBITDA from the prior year's EBITDA, in excess of a 10% increase up to a 15% increase in EBITDA, and (iii) 3% of Employee's Base Salary for that year for each 1% increase in EBITDA from the prior year's EBITDA, in excess of a 15% increase up to a 25% increase in EBITDA. The maximum bonus for any calendar year during the Employment Period, shall equal 50% of Employee's base salary for that year. EBITDA shall mean the consolidated earnings of G P C and its subsidiaries before interest, taxes, depreciation and amortization, excluding extraordinary or unusual nonrecurring items of income and expense (including without limitation, restructuring charges, severance, write off of goodwill, future lease expense and similar items), determined in accordance with generally accepted accounting principles by GPC's independent accountants. In calculating the bonus for any year in which GPC or its subsidiaries acquires any business, the EBITDA for the prior year shall be adjusted to reflect the budgeted EBITDA of the acquired business (as set forth in the budget numbers on which the acquisition was based) for the period from the date of the acquisition to the end of the calendar year in which the acquisition takes place. In calculating the bonus for any year in which GPC or its subsidiaries disposes of any business, the EBITDA for that year and the prior year shall be adjusted to eliminate income and expense reasonably attributable to the disposed of business. The bonus for any year shall be paid not later than 30 days after delivery of GPC's audited financial statements for that year.
McAuliffe. For purposes of xxx xxxxxxxxx definitioxx, x xxxxx xxxxx not be deemed to include John C. McAuliffe if he declines the opportunity to join sxxx xxxxx.
McAuliffe. Andrea McAuliffe /s/ Loreto X. Xxxxxx ------------------------------------- Loreto V. Canini /s/ Mark S. Xxxxx ------------------------------------- Mark S. Corna /s/ Jameson Cxxxx, Xx. ------------------------------------- Jameson Crane, Jr. /s/ Judixx X. XxXxxxxxx ------------------------------------- Judith A. DeVillers ------------------------------------- Paula Gummer ------------------------------------- George A. Gummer /s/ Deborax Xxx ------------------------------------- Deborah Hoy /s/ William X. Xxx ------------------------------------- William L. Hoy /s/ Clark Kexxxxx ------------------------------------- Clark Kellogg /s/ Rosella Kxxxxxx ------------------------------------- Rosella Kellogg ------------------------------------- Cheryl A. Kenney ------------------------------------- Donald R. Kenney /s/ Samuel X. XxXxxxxx ------------------------------------- Samuel E. McDaniel /s/ Valexxx XxXxxxxx ------------------------------------- Valerie McDaniel /s/ Kent K. Xxxxxx ------------------------------------- Kent K. Rinker ------------------------------------- Nancy Rinker /s/ John A. Roxxxxxxxxx ------------------------------------- John A. Romelfanger /s/ Berxxxxxxx Xxxxxxxxxxx ------------------------------------- Bernadette Romelfanger /s/ Xxxxxxx X. Xxxx ------------------------------------- Richard F. Ruhl /s/ David X. Xxxx ------------------------------------- David J. Ryan /s/ Mary Ellex Xxxx ------------------------------------- Mary Ellen Ryan ------------------------------------- Peter C. Taub ------------------------------------- Catherine H. Taub ------------------------------------- John A. Tonti /s/ Alan R. Wxxxxx ------------------------------------- Alan R. Weiler /s/ Beatrice Xxxxxx ------------------------------------- Beatrice Weiler ------------------------------------- Michael Wren
