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.
Appears in 6 contracts
Samples: Executive Employment Agreement (Talon International, Inc.), Executive Employment Agreement (Talon International, Inc.), Executive Employment Agreement (Talon International, Inc.)
