EBITDA Bonus Sample Clauses

EBITDA Bonus. Commencing with fiscal year 2014 and for each fiscal year during the Term thereafter during which Executive is performing services to the Company, Executive shall be eligible to earn a cash bonus, referred to herein as the EBITDA Bonus. The EBITDA Bonus, if any, shall be payable in cash on or about April 15 of the year immediately following the fiscal year for which such EBITDA Bonus is calculated. The EBITDA Bonus shall be an amount determined by reference to Executive’s achievement of performance objectives established by the Board for each fiscal year. The performance objectives for fiscal year 2014 are set forth in this Exhibit A.

EBITDA Bonus. Employee shall be entitled to receive an annual bonus on the Company attainment of an EBITDA target (the “E Target”) if such E Target is attained in the following amounts: (i) If the Company attains at least 100% of the E Target, Employee shall receive 10.0% of his Base Salary (ii) If the Company attains at least 115% of the E Target, Employee shall receive an additional 10% of his Base Salary (iii) If the Company attains at least 125% of the E Target, Employee shall receive an additional 10% of his Base Salary For each fiscal year of the Term, the Company shall designate the upcoming year’s E Target after it is approved by the Company’s Board, on or before February 15 of the applicable fiscal year, or as soon thereafter as approved by the Board, and it shall notify Employee in writing of such E Target for the fiscal year to which the E Target applies. For each portion of a fiscal year that Employee is employed by Company, Employee shall be entitled to a pro-rata portion of the E Bonus, if and when earned. Any bonus payable to Employee hereunder shall be paid within thirty (30) days following the end of the audit for the applicable fiscal year.

EBITDA Bonus. At 100% of EBITDA target (i.e., 10% growth), your EBITDA bonus will equal 100% of 75% of 65% of base salary.

EBITDA Bonus. For purposes of clarity, the EBITDA Bonus for a fiscal year shall be deemed earned by Executive if he was employed with the Company on December 31 of such fiscal year. If the Date of Termination occurs on or after December 31 of a fiscal year, the Accrued Obligations shall include the EBITDA Bonus, if any, for such fiscal year even if the EBITDA Bonus has not yet been calculated as of the Date of Termination. In addition, Executive shall be entitled to receive, and the Accrued Obligations shall include, a pro rated portion of EBITDA Bonus for the fiscal year in which the Date of Termination occurs, determined as follows: (a) the amount of EBITDA Bonus will pro rated based on the number of complete calendar months in the fiscal year prior the Date of Termination divided by twelve (12); and (b) the Company’s Adjusted EBITDA will be calculated on the actual aggregate Adjusted EBITDA for all full calendar months in the fiscal year prior to the Date of Termination and the “Target Adjusted EBITDA” deemed to be the targeted Adjusted EBITDA in the Company’s business and operating plan for the fiscal year for such calendar months. The Company shall pay Executive the EBITDA Bonus, if any, as provided in Exhibit A.”

EBITDA Bonus. Commencing with fiscal year 2010 and for each fiscal year during the Term thereafter during which Executive is performing services to the Company, Executive shall be eligible to earn a cash bonus, referred to herein as the EBITDA Bonus.

EBITDA Bonus. For purposes of clarity, the EBITDA Bonus for a fiscal year shall be deemed earned by Executive if he was employed with the Company on December 31 of such fiscal year. If the Date of Termination occurs on or after December 31 of a fiscal year, the Accrued Obligations shall include the EBITDA Bonus, if any, for such fiscal year even if the EBITDA Bonus has not yet been calculated as of the Date of Termination. The Company shall pay Executive the EBITDA Bonus, if any, as provided in Exhibit A.

EBITDA Bonus. During the Term, Executive is eligible to earn an annual EBITDA Bonus (“EBITDA Bonus”) of up to $156,000 (the “Bonus Potential”) based on the Consolidated EBITDA (as defined below). (a) To determine what percentage, if any, of the Bonus Potential that Executive has earned for any given Fiscal Year (as defined below) during the Term, the Company shall measure the applicable year’s Consolidated EBITDA (as defined below) against a minimum and a maximum threshold: (i) the minimum threshold shall be the Consolidated EBITDA amount achieved by the Company for the immediate preceding Fiscal Year (the “Minimum Threshold”); and (ii) the maximum threshold shall be determined by the Company each Fiscal Year as set forth in the Annual Budget adopted pursuant to Section 5.2(a)(i) of that certain Limited Liability Company Agreement of Holdco, dated January 1, 2012, and any amendments and restatements thereto (the “Holdco LLC Agreement”) (the “Maximum Threshold”). By way of example only, if the Consolidated EBITDA for the Fiscal Year 2012 is $8,000,000, then the Minimum Threshold for the EBITDA Bonus for the Fiscal Year 2013 shall be $8,000,000. (b) Executive shall be eligible to earn this Bonus Potential as follows: (i) If the Consolidated EBITDA in any Fiscal Year is less than or equal to the Minimum Threshold for such Fiscal Year, then Executive’s EBITDA Bonus for such Fiscal Year will equal 0% of the Bonus Potential. (ii) If the Consolidated EBITDA in any Fiscal Year is equal to or greater than the Maximum Threshold for such Fiscal Year, then Executive’s EBITDA Bonus for such Fiscal Year will equal 100% of the Bonus Potential. (iii) If the Consolidated EBITDA (as defined below) in any Fiscal Year is between the Minimum Threshold for such Fiscal Year and the Maximum Threshold for such Fiscal Year, then Executive’s EBITDA Bonus for such Fiscal Year will equal the applicable proportionate pro rata percentage of the Bonus Potential. By way of example only, if the Minimum Threshold for Fiscal Year 2013 is $8,000,000 and the Maximum Threshold for Fiscal Year 2013 is $9,000,000, and the Consolidated EBITDA in Fiscal Year 2013 is $8,500,000, then Executive shall earn 50% of the Bonus Potential for Fiscal Year 2013. (c) The EBITDA Bonus for any given Fiscal Year shall be reduced by the Distributions of Operating Cash Flow made, in accordance with Section 7.1 of the Holdco LLC Agreement, to Executive with respect to such Fiscal Year. (d) The EBITDA Bonus shall be paid within 10...

EBITDA Bonus. Executive shall be eligible to receive a one-time bonus (the “EBITDA Bonus”) should the Company meet the EBITDA targets set forth below. In the event that the Company’s EBITDA for the period beginning March 1, 2007 and ending December 31, 2007 equals or exceeds $2,893,000.00 (the “2007 Ten Month EBITDA Target”) and the Company’s EBITDA for calendar year 2008 equals or exceeds $3,859,000.00 (the “2008 EBITDA Target”), Executive will be entitled to receive an EBITDA Bonus of $250,000.00, to be paid on or before February 28, 2009. Alternatively, in the event that the Company (i) achieves either the 2007 Ten Month EBITDA Target or the 2008 EBITDA Target, (ii) has a combined 2007 Ten Month EBITDA and 2008 EBITDA of at least $6,752,000.00 and (iii) achieves at least 95% of the 2008 EBITDA Target, Executive shall be entitled to receive an EBITDA Bonus of $200,000.00, to be paid on or before February 28, 2009. The EBITDA Bonus shall be less statutory and other authorized deductions and withholdings, hi no event will Executive be entitled to more than one EBITDA Bonus or an EBITDA Bonus of more than $250,000.00. In addition to the foregoing requirements, Executive shall not be entitled to the EBITDA Bonus if Executive voluntarily terminates his employment or if the Company terminates his employment for Cause prior to February 28, 2009.

EBITDA Bonus. In addition to the FOC Bonus payable in connection with the WV-1 satellite reaching FOC set forth in 1), an EBITDA Bonus (“EBITDA Bonus”) will be payable if the Company reaches certain EBITDA targets in 2007. The target EBITDA bonus (“Target EBITDA Bonus”) for each Participant classification is set forth below and is based on a 2007 Company EBITDA target of $54.25 million (“Target EBITDA”).1 1 “The original EBITDA target of $55.2 million is reduced by $950,000 to reflect the change in accounting for certain overhead costs associated with WV1 activities that resulted in a reclassification of those costs from Capital Expenditures to Operating Expense.” The actual amount of a Participant’s Bonus based on EBITDA, if any, will be calculated as described below. EBITDA (in millions) Less than $48.73 $ 48.73 $ 54.25 $ 76.33 EBITDA Bonus 0 % 50 % 100 % Maximum bonus (as a percentage of of 200% the Target EBITDA Bonus) Calculation. If the Company achieves between 90% and 100% of Target EBITDA, every 1% increase in EBITDA achievement will increase the EBITDA Bonus payable by 5%. For example, if the Company achieves 93% of Target EBITDA, the EBITDA Bonus payable would be 65% of the Target EBITDA Bonus. If the Company achieves between 100% and 140% of the Target EBITDA, every 1% increase in achievement will increase the EBITDA Bonus payable by 2.5%. For example, if the Company achieves 115% of the Target EBITDA, the EBITDA Bonus payable would be 137.5% of the Target EBITDA Bonus. The maximum total EBITDA Bonus payable under this Plan is 200% of the Target EBITDA Bonus (Cash and Stock Options), payable upon achievement of 140% of the EBITDA Target (i.e., $125,000 in cash and an EBITDA Bonus stock option with a Black-Scholes value of $62,500 in the event of a base salary of $250,000).