Employment Agreement Bonus

(i) calculating premiums. The entity will base the premium on the ratio of actual EBITDA for one year to budgeted EBITDA, as defined by the Board of Directors for this fiscal year. If the effective EBITDA corresponds to the budgeted EBITDA for one year, the bonus amounts to 60% of the executive`s base salary at the time, with the bonus being increased by 2% of the base salary for every $1 million that exceeds the actual EBITDA for a year of this type, provided that the bonus does not exceed $400,000 for an exercise (or the basic salary of executives). , the basic salary should be increased if the basic treatment is increased. 2000, point The bonus clause defines the terms of the management bonus, including eligibility terms, amount paid and method of payment. The clause may contain: (c) Bonus. The company pays management a cash withholding bonus according to the following schedule: 1.2. The deduction bonus is paid into the [numbers] of days following the year-end period applicable to each bonus. (a) eligibility. Management is entitled to an annual bonus if, during this period, management has remained a full-time employee of the company and has fulfilled faithful and carefully assigned responsibilities and has fulfilled itself in all key areas. . (b) the amount of premiums.

The company pays up to [[%] % of the basic salary of management] [BONUS AMOUNT]. The company will determine the final bonus on the basis of management`s achievement of the performance objectives and objectives set by the Board of Directors. . . . (c) Payment of bonuses. The company pays any lump sum bonus, subject to deduction and deduction, throughout the year immediately after the year to which it relates. . (ii) “EBITDA,” earnings before interest, taxes, depreciation and amortization, based on generally accepted accounting benchmarks and applied on a consistent basis.

Actual EBITDA is derived from the employer`s audited annual accounts by its independent accounting experts. . . . . . . . . .

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. . . . . . . (a) eligibility. The company may pay an annual bonus to management. . . .

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. . (b) premium amount. The company determines performance targets, AMOUNT , – . . . . .

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Categories: Uncategorized

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