Common use of Bonus Determination Clause in Contracts

Bonus Determination. The bonus determination shall be made and paid within 45 days after the audited financial statements of the Company for each fiscal year. The calculation shall be prepared by the Company's independent auditors and shall be final. SCHEDULE D RECORD LABEL BONUS PLAN Upon the consummation of the initial public offering by the Company, an initial record label will be established through a wholly owned subsidiary ("PRM") to be operated under the direction of Xxxxx Xxxxx and Xxxxxxx Xxxxx. Set forth below is a bonus arrangement to compensate Xxxxx Xxxxx, Xxxxxxx Xxxxx and others designated by them upon meeting the targets set forth below This bonus, which is a one-time bonus only, is in addition to any other bonuses of the Company including, without limitation the Tier I and Tier 2 bonus set forth in the Employment Agreements of Xxxxx Xxxxx and Xxxxxxx Xxxxx. The Record Label Bonus Plan is as follows:

Bonus Determination. The bonus determination shall be made and paid within 45 days after the audited financial statements of the Company for each fiscal year. The calculation shall be prepared by the Company's independent auditors and shall be final. SCHEDULE D RECORD LABEL BONUS PLAN Upon the consummation of the initial public offering by the Company, ,an initial record label will be established through a wholly owned subsidiary ("PRMsubsidiary("PRM") to be operated under the direction of Xxxxx Xxxxx and Xxxxxxx Xxxxx. Set forth below is a bonus arrangement to compensate Xxxxx Xxxxx, Xxxxxxx Xxxxx and others designated by them upon meeting the targets set forth below This bonus, which is a one-time bonus only, is in addition to any other bonuses of the Company including, without limitation the Tier I and Tier 2 bonus set forth in the Employment Agreements of Xxxxx Xxxxx and Xxxxxxx Xxxxx. The Record Label Bonus Plan is as follows: