Performance Compensation. Executives Performance Compensation shall be a quarterly bonus equal to 0.04 times the annualized Consolidated Company EBITDA, the total then being divided by four (4), as of the end of each full quarter and based on the reviewed financial statements (“Performance Bonus”). Performance Bonus shall be paid within 15 calendar days after the close of the quarter and will be subject to standard withholdings and deductions and shall be paid in accordance with the customary payroll practices and procedures of the Company.
Appears in 2 contracts
Sources: Employment Agreement (Diligent Capital Holdings, Inc.), Employment Agreement (Diligent Capital Holdings, Inc.)