Common use of Bonus Options Clause in Contracts

Bonus Options. In addition to your base salary, you shall be entitled to receive a bonus of up to 100% of your base salary, based on the achievement of the annual EBITDA targets contained in Exhibit A (such targets to be subject to adjustment by the Board of Directors of the Company, in good faith, to reflect any acquisitions, dispositions and material changes to capital spending). The amount of such bonus would rise linearly from 0% of base salary to 100% of base salary based on achievement of EBITDA of 90% to 110% of target EBITDA. No bonus shall be payable if EBITDA is 90% or less of target EBITDA. You will also be entitled to receive certain stock options pursuant to one or more executive or employee stock option plans to be adopted by the Company; the proposed terms of such stock options (which are subject to change) are contained in Exhibit A attached hereto.

Appears in 3 contracts

Samples: Stockholders' Agreement (Universal Hospital Services Inc), Stockholders' Agreement (Universal Hospital Services Inc), Stockholders' Agreement (Universal Hospital Services Inc)

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Bonus Options. In addition to your base salary, you shall be entitled to receive a bonus of up to 100% of your base salary, based on the achievement of the annual EBITDA targets contained in Exhibit A (such targets to be subject to adjustment by the Board of Directors of the Company, in good faith, to reflect any acquisitions, dispositions and material changes to capital spending). The amount of such bonus would rise linearly from 0% of base salary to 100% of base salary based on achievement of EBITDA of 90% to 110% of target EBITDA. No bonus shall be payable if EBITDA is 90% or less of target EBITDA. You will also be entitled to receive certain stock options pursuant to one or more executive or employee stock option plans to be adopted by the Company; the proposed terms of such stock options (which are subject to change) are contained in Exhibit A attached hereto.. (c)

Appears in 2 contracts

Samples: Stockholders' Agreement (Universal Hospital Services Inc), Stockholders' Agreement (Universal Hospital Services Inc)

Bonus Options. In addition to your base salary, you shall be entitled to receive a bonus of up to 100% of your base salary, based on the achievement of the annual EBITDA targets contained in Exhibit A (such targets to be subject to adjustment by the Board of Directors of the Company, in good faith, to reflect any acquisitions, dispositions and material changes to capital spending). The amount of such bonus would rise linearly from 0% of base salary to 100% of base salary based on achievement of EBITDA of 90% to 110% of target EBITDA. No bonus shall be payable if EBITDA is 90% or less of target EBITDA. You will also be entitled to receive certain stock options pursuant to one or more executive or employee stock option plans to be adopted by the Company; the proposed basic terms of such stock options (which are subject to change) are contained in Exhibit A attached hereto.

Appears in 1 contract

Samples: Stockholders' Agreement (Jw Childs Equity Partners L P)

Bonus Options. In addition to your base salary, you shall be entitled to receive a bonus of up to 100[ ]% of your base salary, based on the achievement of the annual EBITDA targets contained in Exhibit A (such targets to be subject to adjustment by the Board of Directors of the Company, in good faith, to reflect any acquisitions, dispositions and material changes to capital spending). The amount of such bonus would rise linearly from 0[ ]% of base salary to 100[ ]% of base salary based on achievement of EBITDA of 90[ ]% to 110[ ]% of target EBITDA. No bonus shall be payable if EBITDA is 90[ ]% or less of target EBITDA. You will also be entitled to receive certain stock options pursuant to one or more executive or employee stock option plans to be adopted by the Company; the proposed terms of such stock options (which are subject to change) are contained in Exhibit A attached hereto.

Appears in 1 contract

Samples: Universal Hospital Services Inc

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Bonus Options. In addition to your base salary, you shall -------------- be entitled to receive a bonus of up to 100% of your base salary, based on the achievement of the annual EBITDA targets contained in Exhibit A (such targets to be subject to adjustment by the Board of Directors of the Company, in good faith, to reflect any acquisitions, dispositions and material changes to capital spending). The amount of such bonus would rise linearly from 0% of base salary to 100% of base salary based on achievement of EBITDA of 90% to 110% of target EBITDA. No bonus shall be payable if EBITDA is 90% or less of target EBITDA. You will also be entitled to receive certain stock options pursuant to one or more executive or employee stock option plans to be adopted by the Company; the proposed basic terms of such stock options (which are subject to change) are contained in Exhibit A attached hereto.

Appears in 1 contract

Samples: Stockholders' Agreement (Universal Hospital Services Inc)

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