Bonus Compensation Milestones Clause Samples
The Bonus Compensation Milestones clause defines specific performance targets or achievements that, when met, trigger the payment of additional compensation to an employee or contractor. Typically, these milestones are tied to measurable objectives such as reaching sales goals, completing projects ahead of schedule, or achieving certain quality standards. By clearly outlining the conditions under which bonuses are awarded, this clause incentivizes high performance and ensures both parties understand the requirements for earning extra compensation, thereby reducing disputes and aligning interests.
Bonus Compensation Milestones a. For each calendar year during the Term, in which the Company achieves the adjusted EBITDA targets set forth in the table below titled “Milestone”, the Company shall pay to the Consultant in restricted stock or restricted stock units of the Company, the corresponding value shares of the Company set forth in “Bonus” below, which shall vest 12 months after achievement of the applicable Milestone: $ 100,000 1st 1,000,000 $ 100,000 2nd 1,000,000 $ 100,000 3rd 1,000,000 $ 100,000 4th 1,000,000 $ 100,000 5th 1,000,000
(1) For the purposes hereof “Adjusted EBITDA shall mean Earnings before payment of interest, taxes, depreciation or amortization and shall not include:
A. Unrealized gains or losses
B. Non-cash expenses
C. ▇▇▇▇▇ or losses on foreign exchange D. Goodwill impairments E. Non-operating income F. Share-based compensation
b. Upon the Company meeting the Market Cap Milestones listed below and maintaining such market cap for a period of 22 consecutive trading days, the Consultant will be awarded that number of shares set forth in the column marked “Bonus.” Market Cap shall be based upon the value of all shares issued and outstanding during the period as used in the “Basic” earnings per share calculation. 5,000,000 $ 20,000,000 5,000,000 $ 40,000,000 5,000,000 $ 60,000,000 5,000,000 $ 80,000,000 5,000,000 $ 100,000,000
Bonus Compensation Milestones. ▇. ▇▇ an incentive for entering this agreement and agreeing to forgo other opportunities, the Company hereby grants to the Consultant a Warrant to purchase that number of shares of common stock of the Company equal to 5% of the issued and outstanding common shares, on a fully diluted basis, (the “Warrant”). The Warrant and underlying shares represent an incentive for entering this agreement and agreeing to forgo other opportunities and are earned on the date hereof. The Warrant shall have an exercise price of US$.01 per share and shall be valid for 2 (two) years from the date hereof and shall have a cashless exercise provision.”
b. For each calendar year during the Term, in which the Company achieves the adjusted EBITDA targets set forth in the table below titled “Milestone”, the Company shall pay to the Consultant in restricted stock or restricted stock units of the Company, the corresponding value shares of the Company set forth in “Bonus” below, which shall vest 12 months after achievement of the applicable Milestone: $100,000 1st 1,000,000 $100,000 2nd 1,000,000 $100,000 3rd 1,000,000 $100,000 4th 1,000,000 $100,000 5th 1,000,000
(1) For the purposes hereof “Adjusted EBITDA” shall mean Earnings before payment of interest, taxes, depreciation or amortization and shall not include:
A. Unrealized gains or losses
B. Non-cash expenses
C. Gains or losses on foreign exchange D.Goodwill impairments E.Non-operating income F.Share-based compensation
c. Upon the Company meeting the Market Cap Milestones listed below and maintaining such market cap for a period of 22 consecutive trading days, the Consultant will be awarded that number of shares set forth in the column marked “Bonus.” Market Cap shall be based upon the value of all shares issued and outstanding during the period as used in the “Basic” earnings per share calculation. 250,000 $30,000,000 250,000 $40,000,000 250,000 $60,000,000 250,000 $80,000,000 250,000 $100,000,000
Bonus Compensation Milestones a. For each calendar year during the Term, in which the Company achieves the adjusted EBITDA targets set forth in the table below titled “Milestone”, the Company shall pay to the Executive in shares of Company common stock, the corresponding number of shares of the Company set forth in “Bonus” below: $ 500,000 100,000 $ 1,000,000 200,000 $ 2,000,000 225,000 $ 4,000,000 237,500 $ 5,000,000 237,500 For the purposes hereof “Adjusted EBITDA” shall mean Earnings before payment of interest, taxes, depreciation or amortization and shall not include:
A. Unrealized gains or losses
B. Non-cash expenses
C. Gains or losses on foreign exchange D. Goodwill impairments E. Non-operating income F. Share-based compensation
Bonus Compensation Milestones. To be completed by addendum, and subject to the approval of the Board of Directors.