EBITDA Bonus definition

EBITDA Bonus for any fiscal year shall be an amount equal to five percent (5%) of the Company’s Adjusted EBITDA for such fiscal year. The Cash Bonus shall be paid to the Executive on the date that is the earlier of (i) the 90th day following the end of the fiscal year to which the Cash Bonus relates and (ii) the first business day following the date the Company’s annual report on Form 10-K for the fiscal year to which the Cash Bonus relates is filed with the Securities and Exchange Commission. The Executive shall have the right to elect to receive all or a portion of the Cash Bonus payable for any fiscal year to be paid through the issuance of shares of the Company’s common stock (under the Company’s 2 135944.00100/114933105v.7
View Source
EBITDA Bonus for any such fiscal year shall be an amount equal to 0.375% of the Company’s Adjusted EBITDA for such fiscal year. The Cash Bonus shall be paid to the Executive on the date that is the earlier of (i) the 90th day following the end of the fiscal year to which the Cash Bonus relates and (ii) the first business day following the date the Company’s annual report on Form 10-K for the fiscal year to which the Cash Bonus relates is filed with the Securities and Exchange Commission. Notwithstanding the foregoing, all payments of Cash Bonuses shall be made on a date that allows such payments to comply with the requirements of Section 409A of the Code. Executive shall be eligible to receive a pro rata portion of the Cash Bonus if Executive’s employment is less than a full year or ceases prior to the end of the calendar year for which a Cash Bonus has not yet been paid.
View Source
EBITDA Bonus means the portion of a Participant's Bonus, if any, that is based on the Corporation's level of Adjusted EBITDA for the 2009 Fiscal Year.
View Source

Examples of EBITDA Bonus in a sentence

  • The EBITDA Bonus will constitute at least 50% of the Target Bonus.

  • If the Date of Termination occurs on or after December 31 of a fiscal year, the Accrued Obligations shall include the EBITDA Bonus, if any, for such fiscal year even if the EBITDA Bonus has not yet been calculated as of the Date of Termination.

  • For purposes of clarity, the EBITDA Bonus for a fiscal year shall be deemed earned by Executive if he was employed with the Company on December 31 of such fiscal year.

  • Commencing with fiscal year 2010 and for each fiscal year during the Term thereafter during which Executive is performing services to the Company, Executive shall be eligible to earn a cash bonus, referred to herein as the EBITDA Bonus.

  • All amounts of Executive Loan Forgiveness and EBITDA Bonus shall be calculated based on the Corporation's financial statements at the end of each fiscal year during the Three-Year Fiscal Period.

  • The bonus shall be equal to 50% of the EBITDA Bonus if the Company achieves (as determined by the Board) 100% of the Annual EBITDA Target after the accrual of all management bonuses for such fiscal year and will increase or decrease on a linear basis at a rate of 10% of EBITDA Bonus for each 1% of the Annual EBITDA Target in excess of, or below, 100%, as applicable.

  • The Company shall pay Executive the EBITDA Bonus, if any, as provided in Exhibit A.

  • For the 2011 fiscal year, (x) the EBITDA Bonus will constitute 70% of the Target Bonus and the OM Bonus will constitute the remaining 30% of the Target Bonus, and (y) the table below shows the applicable bonus ranges, as a percentage of base salary, assuming that the target operating metrics are met for the OM Bonus.

  • The Cash Bonus for any fiscal year shall be an amount equal to the IP Income Bonus plus the EBITDA Bonus.

  • For example, if the Company achieves 115% of the Target EBITDA, the EBITDA Bonus payable would be 137.5% of the Target EBITDA Bonus.


More Definitions of EBITDA Bonus

EBITDA Bonus for any fiscal year shall be an amount equal to 0.375% of the Company’s Adjusted EBITDA for such fiscal year. The Cash Bonus shall be paid to the Executive on the date that is the earlier of (i) the 90th day following the end of the fiscal year to which the Cash Bonus relates and (ii) the first business day following the date the Company’s annual report on Form 10-K for the fiscal year to which the Cash Bonus relates is filed with the Securities and Exchange Commission. Notwithstanding the foregoing, all payments of Cash Bonuses shall be made on a date that allows such payments to comply with the requirements of Section 409A of the Code. Executive shall be eligible to receive a pro rata portion of the Cash Bonus if Executive’s employment is less than a full year or ceases prior to the end of the calendar year for which a Cash Bonus has not yet been paid. Provided the Executive is in employed in good standing on (i) the date hereof, the Executive shall be awarded a $10,000 cash bonus, (ii) June 30, 2019, the Executive shall be awarded a $30,000 cash bonus, (iii) June 30, 2020, the Executive shall be awarded a $30,000 cash bonus (collectively, the “Fixed Cash Bonus”), which, in the case of clauses (ii) and (iii), shall be payable within 30 days of each such date. 2 135944.00100/116937659v.7
View Source
EBITDA Bonus means the portion of a Participant’s Bonus, if any, that is based on the Corporation’s level of Adjusted EBITDA for the 2008 Fiscal Year.
View Source