Common use of Target Level Clause in Contracts

Target Level. If, for a particular year, the Company’s EBITDA for the year is more than Target EBITDA but less than 110% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to the product of (A) 50% plus the product of 2.5% times each full one percentage point positive variance to Target EBITDA, times (B) Executive’s Base Salary. For example, if actual EBITDA is 107.6% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to 67.5% times Executive’s Base Salary (50% + (2.5% x 7) = 67.5%).

Target Level. If, for a particular year, the Company’s EBITDA for the year is more than Target EBITDA but less than 110% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to the product of (A) 5028% plus the product of 2.51.4% times each full one percentage point positive variance to Target EBITDA, times (B) Executive’s Base Salary. For example, if actual EBITDA is 107.6% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to 67.537.8% times Executive’s Base Salary (5028% + (2.51.4% x 7) = 67.537.8%).

Target Level. If, for a particular year, the Company’s EBITDA for the year is more than Target EBITDA but less than 110% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to the product of (A) 5015.0% plus the product of 2.5.75% times each full one percentage point positive variance to Target EBITDA, times (B) Executive’s Base Salary. For example, if actual EBITDA is 107.6% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to 67.520.25% times Executive’s Base Salary (5015.0% + (2.5.75% x 7) = 67.520.25%).

Target Level. If, for a particular year, the Company’s EBITDA for the year is more than Target EBITDA but less than 110% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to the product of (A) 5025.0% plus the product of 2.51.25% times each full one percentage point positive variance to Target EBITDA, times (B) Executive’s Base Salary. For example, if actual EBITDA is 107.6% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to 67.533.75% times Executive’s Base Salary (5025% + (2.51.25% x 7) = 67.533.75%).

Target Level. If, for a particular year, the Company’s EBITDA for the year is more than Target EBITDA but less than 110% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to the product of (A) 5012.0% plus the product of 2.5.60% times each full one percentage point positive variance to Target EBITDA, times (B) Executive’s Base Salary. For example, if actual EBITDA is 107.6% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to 67.516.2% times Executive’s Base Salary (5012.0% + (2.5.60% x 7) = 67.516.2%).

Target Level. If, for a particular year, the Company’s EBITDA for the year is more than Target EBITDA but less than 110% of Target EBITDA, then Executive’s EBITDA Performance Bonus shall be equal to the product of (A) 5090.0% plus the product of 2.54.5% times each full one percentage point positive variance to Target EBITDA, times (B) Executive’s Base Salary. For example, if actual EBITDA is 107.6% of Target EBITDA, then Executive’s EBITDA Performance Bonus shall be equal to 67.5121.5% times Executive’s Base Salary (5090.0% + (2.54.5% x 7) = 67.5121.5%).

Target Level. If, for a particular year, the Company’s EBITDA for the year is more than Target EBITDA but less than 110% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to the product of (A) 5028% plus the product of 2.51.4% times each full one percentage point positive variance to Target EBITDA, times (B) Executive’s Base Salary. For example, if actual EBITDA is 107.6% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to 67.537.8% times Executive’s Base Salary (5028% + (2.51.4% x 7x7) = 67.537.8%).

Target Level. If, for a particular year, the Company’s EBITDA for the year is more than Target EBITDA but less than 110% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to the product of (A) 50% $500,000 plus the product of 2.5% $25,000 times each full one percentage point positive variance to Target EBITDA, times (B) Executive’s Base Salary. For example, if actual EBITDA is 107.6% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to 67.5% times Executive’s Base Salary (50% + (2.5% x 7) = 67.5%)$675,000.

Target Level. If, for a particular year, the Company’s EBITDA for the year is more than Target EBITDA but less than 110% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to the product of (Ai) 5028% plus the product of 2.51.4% times each full one percentage point positive variance to Target EBITDA, times (Bii) Executive’s Base Salary. For example, if actual EBITDA is 107.6% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to 67.537.8% times Executive’s Base Salary (5028% + (2.5% x 71.4%x7) = 67.537.8%).

Target Level. If, for a particular year, the Company’s EBITDA for the year is more than Target Company EBITDA but less than 110% of Target Company EBITDA, then Executive’s Company EBITDA Bonus shall be equal to the product of (Ai) 5020% plus the product of 2.51% times each full one percentage point positive variance to Target Company EBITDA, times (Bii) Executive’s Base Salary. For example, if actual EBITDA is 107.6% of Target Company EBITDA, then Executive’s Company EBITDA Bonus shall be equal to 67.527% times Executive’s Base Salary (5020% + (2.51% x 7) = 67.527%).

Target Level. If, for a particular year, the Company’s EBITDA for the year is more than Target EBITDA but less than 110% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to the product of (A) 5030.0% plus the product of 2.51.50% times each full one percentage point positive variance to Target EBITDA, times (B) Executive’s Base Salary. For example, if actual EBITDA is 107.6% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to 67.540.5% times Executive’s Base Salary (5030% + (2.51.50% x 7) = 67.540.5%).

Target Level. If, for a particular year, the Company’s EBITDA for the year is more than Target EBITDA but less than 110% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to the product of (A) 5022.5% plus the product of 2.51.125% times each full one percentage point positive variance to Target EBITDA, times (B) Executive’s Base Salary. For example, if actual EBITDA is 107.6% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to 67.530.375% times Executive’s Base Salary (5022.5% + (2.51.125% x 7) = 67.530.375%).

Target Level. If, for a particular year, the Company’s EBITDA for the year is more than Target EBITDA but less than 110% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to the product of (A) 5020% plus the product of 2.51% times each full one percentage point positive variance to Target EBITDA, times (B) Executive’s Base Salary. For example, if actual EBITDA is 107.6% of Target EBITDA, then Executive’s EBITDA Bonus shall be equal to 67.527% times Executive’s Base Salary (5020% + (2.51% x 7) = 67.527%).