Bonus Calculation. Whenever the Company is required to make payments to the Executive under this Section or Sections 4 and 7 below, if such payments include bonus payments for a period or periods of time which have not yet occurred, Executive will be paid his Annual Bonus at no less than 100% of the average amount of such Annual Bonus paid to Executive in the preceding two years.
Bonus Calculation. The Board shall determine the amount of pro-rated bonus due to the Executive under Section 3(b) hereof for the fiscal year in which any termination of employment occurs pursuant to Section 4(a) (b), (d) or (e) by calculating the bonus that would have been paid to the Executive as if he had remained employed through the end of the fiscal year and multiplying that amount by the number of days of such fiscal year during which the Executive was employed by the Company divided by 365 days.
Bonus Calculation. The pro rata bonuses pursuant to Section 3(c) payable to the Executive pursuant to Section 4(a), (b), (d), or (e) shall include any unpaid bonuses for the prior fiscal year. The pro rata bonuses for the fiscal year in which the termination occurs will be calculated at the end of the fiscal year in question according to the following method. The Company and/or Board shall determine the amount that would have been paid to the Executive as if he had remained employed through the end of the fiscal year and multiply that amount by the number of days of such fiscal year during which the Executive was employed by the Company divided by 365 days.
Bonus Calculation. The Bonus shall be calculated as follows:
Bonus Calculation. If actual EBITDA for a Measuring Period is more than the Threshold EBITDA but less than 150% of Threshold EBITDA for that Measuring Period, the following formula shall be used in calculating the bonus to be paid to the Executive for the Measuring Period: X times (Y divided by Z) Where: X is 25% times 250,000, or 62,500 Y is Actual EBITDA minus Threshold EBITDA, and Z is (1.5 times Threshold EBITDA) minus Threshold EBITDA Or, expressed numerically:
Bonus Calculation. The pro rata bonus pursuant to Section 3(b) (if any) payable to Executive pursuant to Section 6(a), (b) or (d) shall be calculated at the end of the fiscal year in question and be determined based on the portion of such fiscal year Executive was employed by Company pursuant to this Agreement and whether or not the Company obtained its EBITDA Target and other operating targets for such fiscal year.
Bonus Calculation. Step 1: Identify the cumulative 12-month medical Premium represented by the General Agent’s block to determine the appropriate PSPM rate tier.
Bonus Calculation. In the event of an Acquisition of the Company during the two hundred seventy (270) day period immediately following the Effective Date of this Agreement (the “Acquisition Period”), Company shall pay a bonus to SpineSource (the “Acquisition Bonus”), equivalent in amount and method to the Acquisition Bonus which had previously been agreed to in the Restated Sales Agreement. For clarity, the Acquisition Bonus contemplated in this Section 3.j is not in addition to, but in lieu of the “Acquisition Bonus” contemplated in the Restated Sales Agreement. SpineSource shall not be entitled to any compensation under this Section 3.j as a result of any decision not to sell or consider the sale of Company, regardless of the reason. The Acquisition Bonus contemplated herein shall be paid within ten (10) calendar days after Company’s or its stockholder’s receipt of Proceeds from such Acquisition.
Bonus Calculation. The pro rata bonuses pursuant to Section 3(c) payable to the Executive pursuant to Section 4(a), (b), (d), or (e) shall include any unpaid bonuses for the prior fiscal year. The pro rata bonuses for the fiscal year in which the termination occurs will be calculated at the end of the fiscal year in question according to the following methods. With respect to the guaranteed $50,000 bonus, it shall be calculated on a pro rata basis by multiplying $50,000 by the number of days of such fiscal year during which the Executive was employed by the Company divided by 365 days. With respect to the Performance Bonus in which the Executive may earn up to $100,000 annually based on substantially completing or achieving certain Operational Goals, it shall be calculated in accordance with Section 3(b)(I) of this Agreement. With respect to the Key Person Bonus Plan bonus, the Company and/or Board shall determine the amount that would have been paid to the Executive as if he had remained employed through the end of the fiscal year and multiply that amount by the number of days of such fiscal year during which the Executive was employed by the Company divided by 365 days.
Bonus Calculation. Clauses (v) and (vi) of Section 4(e) of the Agreement shall be amended in their entirety to read as follows:
