Common use of Operational Breakeven Clause in Contracts

Operational Breakeven. Eighteen and Three Quarters Percent (18.75%) of the Target Bonus Amount shall be earned at such time as the Company achieves EBITDA for the applicable quarter, and Six and One Quarter (6.25%) of the Target Bonus Amount shall be earned at such time as the Company achieves EBIT for the applicable quarter.

Appears in 4 contracts

Samples: Employment Agreement (Loudeye Corp), Employment Agreement (Loudeye Corp), Employment Agreement (Loudeye Corp)

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