Common use of Amount and Calculation Clause in Contracts

Amount and Calculation. Should the Employee achieve 100% of the Targets, the Incentive Bonus shall be $120,000 (the "Base Incentive Bonus"). A lesser or greater Incentive Bonus will result should the Employee achieve 3 less or more than 100% of the Targets, but in any event, the maximum Incentive Bonus that the Employee shall be eligible to receive is $142,500, such amount to be determined in accordance with the terms of Exhibit A hereto. The Employee understands and agrees that he is not guaranteed an Incentive Bonus and that the amount of Incentive Bonus, if any, is dependent on his achieving one or more of the Targets for the criteria set forth in the Bonus Structure. In this regard, should the Employee fail to achieve any of such Targets, the Employee shall not be entitled to an Incentive Bonus for the applicable period. "EBITDA," as used in this Agreement and the Bonus Structure for any calendar year, shall mean the earnings before income tax, depreciation and amortization for such year, as determined in accordance with generally accepted accounting principles by the certified public accountants regularly engaged by the Company. The determination of the Company's regularly engaged public accountants shall be final and conclusive on the parties hereto.

Amount and Calculation. Should the Employee achieve 100% of the Targets, the Incentive Bonus shall be $120,000 100,000 (the "Base Incentive Bonus"). A lesser or greater Incentive Bonus will result should the Employee achieve 3 less or more than 100% of the Targets, but in any event, the maximum Incentive Bonus that the Employee shall be eligible to receive is $142,500118,750, such amount to be determined in accordance with the terms of Exhibit A hereto. The Employee understands and agrees that he is not guaranteed an Incentive Bonus and that the amount of Incentive Bonus, if any, is dependent on his achieving one or more of the Targets for the criteria set forth in the Bonus Structure. In this regard, should the Employee fail to achieve any of such Targets, the Employee shall not be entitled to an Incentive Bonus for the applicable period. "EBITDA," as used in this Agreement and the Bonus Structure for any calendar year, shall mean the earnings before income tax, depreciation and amortization for such year, as determined in accordance with generally accepted accounting principles by the certified public accountants regularly engaged by the Company. The determination of the Company's regularly engaged public accountants shall be final and conclusive on the parties hereto.

Amount and Calculation. Should the Employee achieve 100% of the Targets, the Incentive Bonus shall be $120,000 35,000 (the "Base Incentive Bonus"). A lesser or greater Incentive Bonus will result should the Employee achieve 3 less or more 3 than 100% of the Targets, but in any event, the maximum Incentive Bonus that the Employee shall be eligible to receive is $142,50039,375, such amount to be determined in accordance with the terms of Exhibit A hereto. The Employee understands and agrees that he is not guaranteed an Incentive Bonus and that the amount of Incentive Bonus, if any, is dependent on his achieving one or more of the Targets for the criteria set forth in the Bonus Structure. In this regard, should the Employee fail to achieve any of such Targets, the Employee shall not be entitled to an the Incentive Bonus for the applicable period. "EBITDA," as used in this Agreement and the Bonus Structure for any calendar year, shall mean the earnings before income tax, depreciation and amortization for such year, as determined in accordance with generally accepted accounting principles by the certified public accountants regularly engaged by the Company. The determination of the Company's regularly engaged public accountants shall be final and conclusive on the parties hereto.