Common use of Cash Bonus Amount Clause in Contracts

Cash Bonus Amount. For each fiscal year of the Company set forth on Exhibit A attached hereto and subject to the conditions set forth in Section 3 hereof, the Employee shall accrue the right to the Cash Bonus Amount set forth in column (C) of Exhibit A if the Company's annual Earnings before Interest, Taxes, Depreciation and Amortization ("EBITDA"), as defined on Exhibit A, equals or exceeds the Target Annual EBITDA amount set forth in column (A) of Exhibit A with respect to such fiscal year. If for any fiscal year set forth on Exhibit A the Company's annual EBITDA amount for that fiscal year equals or exceeds 95% of the Target Annual EBITDA amount set forth in column (A) with respect to such fiscal year, but is less than 100% of such Target Annual EBITDA amount, then, subject to the conditions set forth in Section 3 hereof, the Employee shall accrue the right to 75% of the Cash Bonus Amount that the Employee would have accrued had the Company achieved 100% of its Target Annual EBITDA amount for that fiscal year. If for any fiscal year set forth on Exhibit A the Company's annual EBITDA amount for that fiscal year equals or exceeds 90% of the Target Annual EBITDA amount set forth in column (A) with respect to such fiscal year, but is less than 95% of such Target Annual EBITDA amount, then, subject to the conditions set forth in Section 3 hereof, the Employee shall accrue the right to 50% of the Cash Bonus Amount that the Employee would have accrued had the Company achieved 100% of its Target Annual EBITDA amount for that fiscal year. If for any fiscal year set forth on Exhibit A the Company's cumulative annual EBITDA amount for that and the proceeding fiscal years equals or exceeds the Cumulative Target EBITDA amount set forth in column (B) of Exhibit A with respect to such fiscal year, and subject to the conditions set forth in Section 3 hereof, the Employee shall accrue the right to the Cash Bonus Amount as if the Company had achieved its Target Annual EBITDA amounts for that and each of the preceding fiscal years.