Company Objectives. Up to 50% of the Executive's Maximum Incentive Bonus shall be awarded based upon the attainment of company objectives ("Company Objectives") which shall be determined by reference to growth in earnings per share ("EPSG") and growth in earnings before interest, taxes, depreciation and amortization ("EBITDAG") of the Company.
(1) Up to 25% of the Executive's annual Maximum Incentive Bonus shall be determined by reference to EPSG ("EPSG Objectives") which shall be determined consistently with the manner in which the Company reports such earnings for financial purposes adjusted for extraordinary items and shall be determined as a function of EPSG, computed as follows:
(a) If EPSG is less than 10%, there shall be no award of the portion of any Incentive Bonus attributable to the attainment of EPSG Objectives.
(b) If EPSG is 10% or more, but not greater than 20%, then the portion of the Incentive Bonus awarded for attainment of EPSG Objectives shall be computed in accordance with the following formula: [EPSG * 5] * 25% of the Target Incentive Bonus.
(c) If EPSG is more than 20%, but not greater than 25%, then the portion of the Incentive Bonus awarded for attainment of EPSG Objectives shall be computed in accordance with the following formula: [EPSG *6] * 25% of the Target Incentive Bonus.
(d) If EPSG is more than 25%, then the portion of the Incentive Bonus awarded for attainment of EPSG Objectives shall be not more than 15% of the Executive's Base Pay and shall be computed in accordance with the following formula: [EPSG * 6.66667] * 25% of the Target Incentive Bonus.
(2) Up to 25% of the Executive's annual Maximum Incentive Bonus shall be determined by reference to EBITDAG ("EBITDAG Objectives") which shall be determined consistently with the manner in which the Company reports earnings before interest, taxes, depreciation and amortization for financial purposes adjusted for extraordinary items and shall be determined as a function of EBITDAG, computed as follows:
(a) If EBITDAG is less than 10%, there shall be no award of the portion of any Incentive Bonus attributable to the attainment of EBITDAG Objectives.
(b) If EBITDAG is 10% or more, but not greater than 20%, then the portion of the Incentive Bonus awarded for attainment of EBITDAG Objectives shall be computed in accordance with the following formula: [EBITDAG * 5] * 25% of the Target Incentive Bonus.
(c) If EBITDAG is more than 20%, but not greater than 25%, then the portion of the Incentive Bonus awar...
Company Objectives. Total revenue of $[XXXXX] — half of the executive’s Company Bonus will be earned if the Company achieves a minimum of $[XXXXX] in total revenue for FY 2008. Bonus payout starts at 91% of plan and is linear for performance to 100%; thereafter the executive will be eligible to receive an additional 1% for each additional 10% in revenue above the plan.
Company Objectives. Total revenue of $[XXXXXXXXXX] (the “2012 Revenue Target”) – The Company Revenue Bonus for 2012 will be earned if the Company achieves a minimum total revenue for Fiscal 2012 equal to the 2012 Revenue Target, in accordance with and subject to the following. None of the Company Revenue Bonus for 2012 will be earned if the Company achieves total revenue for Fiscal 2012 equal to or less than 90% of the 2012 Revenue Target. If the Company achieves total revenue for Fiscal 2012 greater than 90% of the 2012 Revenue Target, then the percentage of the Company Revenue Bonus for 2012 earned will equal approximately (i) 10, times (ii) a percentage equal to (a) the actual amount of total revenue for Fiscal 2012 divided by the 2012 Revenue Target, minus (b) 0.9.
Company Objectives. Total revenue of $[XXXXXXXX] (the “2011 Revenue Target”) – The Company Revenue Bonus for 2011 will be earned if the Company achieves a minimum total revenue for Fiscal 2011 equal to the 2011 Revenue Target, in accordance with and subject to the following. None of the Company Revenue Bonus for 2011 will be earned if the Company achieves total revenue for Fiscal 2011 equal to or less than 90% of the 2011 Revenue Target. If the Company achieves total revenue for Fiscal 2011 greater than 90% and less than or equal to 100% of the 2011 Revenue Target, then the percentage of the Company Revenue Bonus for 2011 earned will equal approximately (i) 10, times (ii) a percentage equal to (a) the actual amount of total revenue for Fiscal 2011 divided by the 2011 Revenue Target, minus (b) 0.9. If the Company achieves total revenue for Fiscal 2011 in excess of 100% of the 2011 Revenue Target, then the percentage of the Company Revenue Bonus for 2011 earned will equal 100% plus an amount (the “Additional Company Revenue Bonus for 2011”) equal to 6.8% of the Company Revenue Bonus for 2011 for every .1% by which the total revenue for Fiscal 2011 exceeds the 2011 Revenue Target.
Company Objectives. 2.1 Subject in each case to any Applicable Regulatory Approval, the Recipients hereby acknowledge and agree that the Company shall conduct its business in accordance with the objectives set forth in Schedule 3 (the “Objectives”) in all respects. In the event the Company fails to comply with any Objective, each Recipient shall, in each case subject to any Applicable Regulatory Approval, take all Necessary Actions as promptly as practicable to cause the Company to comply with such Objective.
2.2 Notwithstanding anything set out in this Agreement to the contrary, without the prior written consent of each of the Investor Shareholders, whether adopted or approved at a General Meeting or otherwise, no Recipients shall exercise their voting rights and/or make or support any resolutions that could reasonably be expected to result in a deviation from the Objectives (in each case subject to any Applicable Regulatory Approval).
Company Objectives. Total revenue of $[XXXXXXXX] — half of the executive’s Company Bonus (the “Revenue Company Bonus”) will be earned if the Company achieves a minimum of $[XXXXXXXX] in total revenue for FY 2008 (the “Revenue Target”), in accordance with the following. None of the Revenue Company Bonus will be earned if the Company achieves less than 91% of the Revenue Target. For each 1% (but not a fraction thereof) above 90% of the Revenue Target that the Company achieves, 10% of the Revenue Company Bonus will be earned, so that at 91% of the Revenue Target, 10% of the Revenue Company Bonus will be earned, at 92% of the Revenue Target, 20% of the Revenue Company Bonus will be earned, up to 100% of the Revenue Company Bonus at 100% of the Revenue Target. In addition, for each 1% (but not a fraction thereof) above 100% of the Revenue Target that the Company achieves, an additional amount equal to 10% of the Revenue Company Bonus will be earned.
Company Objectives. As part of this project the Company would like Veritas to help it achieve the following objective(s): ⮚ Development of a strategic plan for the Company ⮚ Board development advice ⮚ Analyze and propose new sources of funding
Company Objectives. (a) Each Shareholder acknowledges and agrees that the objectives of the Company as of the date hereof are to:
(i) (Operations) carry on and develop the operations of the Company in accordance with the LTIP, the Annual Operating Plan and Annual Financial Plan for the benefit of the Shareholders in accordance with the IUPK;
(ii) (Grasberg Assets) develop and exploit, for the benefit of the Shareholders, the assets of the Company and the Company Subsidiaries to produce and sell product and to declare dividends in accordance with the Dividend Policy (and schedule 9);
(iii) (Shareholder value) maximise the value of the operations of the Company and distribute dividends in accordance with the Dividend Policy (and schedule 9); and
(iv) (other) conduct any other activity agreed unanimously by the Shareholders and undertaken by the Company or any of the Company Subsidiaries, together, the “Company Objectives”.
(b) Clause 2.2(a) is not a limitation on the capacity of the Company.
(c) In order to fulfil the Company Objectives:
(i) each Shareholder must cooperate with each other; and
(ii) unless this document expressly provides otherwise, a Shareholder must not unreasonably take, give or delay taking or giving any action, or making or giving any approval, direction, determination, agreement, consent or decision referred to in, or required under this Agreement.
(d) The Company must conduct (and each Shareholder must use reasonable endeavours to procure that the Company conducts) its activities in a manner that is consistent with this Agreement, the LTIP, the Annual Operating Plan and the Annual Financial Plan during the periods in which they apply (after giving effect to any amendments thereto or deviations therefrom to the extent permitted by the terms of this Agreement) and the Company shall procure that each Company Subsidiary does the same.
(e) The Company will endeavour:
(i) to preserve and keep the IUPK and any other Authorisations held in respect of the Contract Area in full force and effect;
(ii) at all times to conduct operations of the Company in a manner consistent with good and acceptable international mining engineering standards and practices as are economically and technically feasible, and in accordance with modern and accepted scientific and technical principles and comply with and cause to be complied with all Applicable Laws (including those that apply to the environment and community development), the violation of which would have a materially adver...
Company Objectives. (a) The Company provides operational services to the mining industry on a contract basis. It is critical that the Company provides its services in a safe, flexible and cost-effective manner to remain competitive.
(b) The demand for services fluctuates in accordance with the requirements of our clients and the Company therefore requires people who can work efficiently and flexibly within reasonable parameters to meet client expectations.
(c) The Company is committed to a process of continuous improvement in its competitiveness and implementation of a best practice approach to work where its key components are health and safety of Employees, client satisfaction, supply improvement and cost reduction.
(d) The objective of this Agreement is to provide terms and conditions of employment for Employees of the Company to enable the provision of flexible and efficient solutions to our client.
(e) The Company also acknowledges that the purpose of the Agreement is to attract and retain a workforce that will be safe, productive and competitive in the coal mining industry.
Company Objectives. 8.1 Graffiti Eaters mission is to maintain a working environment that is enjoyable to work in, with incentive schemes that motivate the employee’s to provide our clients with an industrial cleaning service that achieves the best possible results, in quick time at efficient costs. By doing this well The Graffiti Eaters will naturally enjoy steady growth and be able to offer job security.
8.2 As part of The Graffiti Eaters strategy to increase the benefits available to the employees, to attract and retain the best employees, as well as to increase the efficiency and productivity of our team and grow the Graffiti Eaters business, this Agreement changes the way in which the employee will be remunerated for the employee’s work.
8.3 Instead of being paid a basic hourly rate for work performed, the employee will receive a percentage of all the allowable sales that the employee makes. That way, the employee get a direct benefit from the work the employee undertake and also have a genuine stake in the success and growth of the business.
