Common use of Company Objectives Clause in Contracts

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 awarded for attainment of EBITDAG Objectives shall be computed in accordance with the following formula: [EBITDAG *6] * 25% of the Target Incentive Bonus. (d) If EBITDAG is more than 25%, then the portion of the Incentive Bonus awarded for attainment of EBITDAG Objectives shall be not more than 15% of the Executive's Base Pay and shall be computed in accordance with the following formula: [EBITDAG * 6.66667] * 25% of the Target Incentive Bonus

Company Objectives. Up to 5070% 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 2535% 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] * 2535% 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 2535%, 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] * 2535% of the Target Incentive Bonus. (2) Up to 2535% 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] * 2535% of the Target Incentive Bonus. (c) If EBITDAG is more than 20%, but not greater than 2535%, then the portion of the Incentive Bonus awarded for attainment of EBITDAG Objectives shall be computed in accordance with the following formula: [EBITDAG *6] * 2535% of the Target Incentive Bonus. (d) If EBITDAG is more than 2535%, then the portion of the Incentive Bonus awarded for attainment of EBITDAG Objectives shall be not more than 15% of the Executive's Base Pay and shall be computed in accordance with the following formula: [EBITDAG * 6.66667] * 2535% of the Target Incentive Bonus.