Common use of BONUS THRESHOLD Clause in Contracts

BONUS THRESHOLD. No bonus shall be payable until the completion of the first fiscal year in which the "Cumulative Net Profit" as herein defined of PRM exceeds $1,000,000. No bonus shall be payable with respect to any fiscal year after the fiscal year ending June 30, 2001.

BONUS THRESHOLD. No bonus shall be payable until the completion of the first fiscal year in which the "Cumulative Net ProfitCUMULATIVE NET PROFIT" as herein defined of PRM exceeds $1,000,000. No bonus shall be payable with respect to any fiscal year after the fiscal year ending June 30, 2001.