Examples of Minimum EBITDA Threshold in a sentence
Company EBITDA for fiscal year: Bonus Amount Equal to or greater than Maximum EBITDA Threshold 80% of Base Salary Equal to Target EBITDA 50% of Base Salary Equal to or less than Minimum EBITDA Threshold $0 You must be employed on the last day of any fiscal year and the day payments are made in order to be eligible for a Bonus for that fiscal year.
Bonus Amount Equal to or greater than Maximum EBITDA Threshold 100% of Base Salary Equal to Target EBITDA 50% of Base Salary Equal to or less than Minimum EBITDA Threshold $0 You must be employed on the last day of any fiscal year and the day payments are made in order to be eligible for a Bonus for that fiscal year.
Within 15 days of the date of the Transaction Notice, Management Company may advise the Board and MB in writing of Management Company’s acceptance of the terms of the Transaction and any Class A Membership Units (prior to the EBITDA Trigger Date) or Class A and Class B Membership Units (after the EBITDA Trigger Date if the Minimum EBITDA Threshold has been satisfied for the EBITDA Measurement Period) Management Company desires to include in the Transaction.
Schedule 1 attached hereto sets forth the applicable Minimum EBITDA Threshold, the EBITDA Tranches and the percentages earned for each applicable EBITDA Tranche as well as two sample calculations to illustrate the calculation of Executive’s annual bonus.
The annual bonus shall be calculated as follows: for each fiscal year, in order for Executive to receive an annual bonus, the Company must exceed the Minimum EBITDA Threshold for such fiscal year.
Such risk of forfeiture shall terminate at the same time and in the same manner as the shares of Intek common stock payable pursuant to Section 2.2 (Contingent Earn-Out Consideration) and Section 2.4 (Effect of Employee Departures and Minimum EBITDA Threshold) of the Purchase Agreement.
If the Company’s EBITDA exceeds the Minimum EBITDA Threshold, Executive may earn one-half (1/2) of the specified percentage of each applicable tranche based upon the Company’s EBITDA (each an “EBITDA Tranche”).
In the event the Management Condition is not satisfied at any time during the third year following the Initial Date, one-third of that percentage amount of Class A Membership Units and Class B Membership Units owned by the Management Company equal to that percentage of shares of common stock of the Management Company owned by the Management Principals shall be repurchased, unless the Minimum EBITDA Threshold shall have been satisfied for the EBITDA Measurement Period as of the EBITDA Trigger Date.
Company EBITDA for fiscal year: Bonus Amount Equal to or greater than Maximum EBITDA Threshold 60% of Base Salary Equal to Target EBITDA 40% of Base Salary Equal to or less than Minimum EBITDA Threshold $0 You must be employed on the last day of any fiscal year and the day payments are made in order to be eligible for a Bonus for that fiscal year.
Company EBITDA for fiscal year: Bonus Amount Equal to or greater than Maximum EBITDA Threshold 80% of Base Salary Equal to Target EBITDA 40% of Base Salary Equal to or less than Minimum EBITDA Threshold $0 You must be employed on the last day of the fiscal year as well as on the day bonus payments are made in order to be eligible for and earn the Bonus for the fiscal year.