Calendar Year 2023. Implement restriction of seasonal full-width mowing/haying on an additional 81.1 adopted acres along the following county highway corridors: CSAH 4, CSAH 30, CSAH 2 from CSAH 4 to St. Xxxxxxx City Limits and CR 160. • Continue to Re-establish and mark county rights of way along the adopted county highway corridors to deter row crop planting within county highway rights-of-way. • Implement restrictions on broadcast herbicide application on the additional acreage along the phase 3 selected county highway corridors. DRAFT • Continue annual training to maintenance staff regarding CCAA conservation measures and any changes to enrolled/adopted acreage. • Monitor 10 required sites for stem counts on adopted acres.
Calendar Year 2023. Target Bonus of $1 million, with achievement based on 2023 EBITDA goals to be determined by the Board, with partial payment beginning at the achievement of 70% of such EBITDA goals. The Annual Bonus will be paid quarterly at the end of each fiscal quarter for the calendar year (each a “Quarterly Payment”): Calendar period Fiscal Quarter Pay Date January 1 through March 31 Q1 April 30 April 1 through June 30 Q2 July 31 July 1 through September 30 Q3 October 31 October 1 through December 31 Q4 January 31 Each such Quarterly Payment will be calculated by multiplying the EBITDA during such fiscal quarter by four, then multiplying that amount by the applicable Percentage of Revenue to identify the estimated Annual Bonus, and then dividing that amount by four. Within 60 days following the end of the applicable calendar year, the Company shall conduct a reconciliation (a “Reconciliation”) of the Quarterly Payments for such calendar year against the actual Annual Bonus earned for such year and provide the Executive with a breakdown in accordance with the notice provisions of the Agreement (“Reconciliation Notice”). In the event that as a result of the Reconciliation it is determined that the sum of the Quarterly Payments was less than the actual Annual Bonus for the year, the Company will pay the difference to the Executive within 30 days following the sending of the Reconciliation Notice. The Executive shall not be required to return or offset any overpayment revealed by the Reconciliation. Notwithstanding the forgoing, no Quarterly Payments will be made with respect to 2020. Exhibit B [CONFIDENTIALITY AND PROPRIETARY RIGHTS AGREEMENT]
