EBITDA Bonus. 1. At 100% of EBITDA target (i.e., 10% growth), your EBITDA bonus will equal 100% of 75% of 65% of base salary.
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. 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:
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 a. The Executive shall receive a bonus of 25% of his base salary if the 2015 EBITDA is at least the EBITDA Target.
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. % of TARGET EBITDA Less than 90% of At 90% of Targeted 100% of Targeted At 140% of Targeted ACHIEVED Targeted EBITDA EBITDA EBITDA EBITDA 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).
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 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. 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. In 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. Employee shall be entitled to receive an annual bonus (“EBITDA Bonus”) on Parent’s attainment of an EBITDA target (the “E Target”), in the following amounts:
