Gross Margin. If the Orchard achieves a gross margin for 2007 equal to (a) 25% or greater, the Executive is entitled to a bonus equal 33 1/3% of his Target Bonus, (b) 23% or less, the Executive is not entitled to any bonus with respect to the Orchard’s gross margin and (c) greater than 23% but less than 25%, the Executive is entitled to a pro rata portion of 33 1/3% of his Target Bonus; and
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Samples: Employment Agreement (Orchard Enterprises, Inc.), Employment Agreement (Orchard Enterprises, Inc.)
Gross Margin. If the Orchard achieves a gross margin for 2007 2008 equal to (a) 2528.5% or greater, the Executive is entitled to a bonus equal 33 1/3% of his Target Bonus, (b) 2326.5% or less, the Executive is not entitled to any bonus with respect to the Orchard’s gross margin and (c) greater than 2326.5% but less than 2528.5%, the Executive is entitled to a pro rata portion of 33 1/3% of his Target Bonus; and
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Gross Margin. If the Orchard achieves a gross margin for 2007 equal to (a) 25% or greater, the Executive is entitled to a bonus equal 33 1/3% of his Target BonusBase Salary, (b) 23% or less, the Executive is not entitled to any bonus with respect to the Orchard’s gross margin and (c) greater than 23% but less than 25%, the Executive is entitled to a pro rata portion of 33 1/3% of his Target BonusBase Salary; and
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