Profitability Bonus. The Company may pay the Employee a bonus if, in the sole judgment of the Board of Directors, the earnings of the Company or the services of the Employee merit such a bonus.
Profitability Bonus. In each year of the agreement, each Employee who has been employed with the Company for a minimum of 12 months shall be paid a one-off bonus payment if the yearly net profit for the service department exceeds budget as follows:
Profitability Bonus. A profitability bonus will be awarded as of the date of ratification of this Agreement, and as of August 16 of each of 2001, 2002, 2003 and 2004, of up to three percent (3%), should the adjusted operating margin for the Company during the applicable preceding calendar year exceed nine percent (9%). As the adjusted operating margin for the applicable calendar year increases from nine percent (9%) up to fifteen percent ( 1 5 % ) , the profitability bonus for the following August 16 will increase on a straight line basis from zero percent (0%) up to three percent (3%), rounded to the nearest one hundredth of a percent. For purposes of the foregoing calculations, the adjusted operating margin will be defined by the following formula: Operating Revenues (a) minus Adjusted Operating Expenses (b) Operating Revenues (a)
Profitability Bonus. In addition to the Base Salary, Employee will be eligible for a bonus of $250,000 if the Company achieves Profitability for a fiscal quarter while he serves as CEO or during the first fiscal quarter reported following the cessation of his employment as CEO, provided that the Company will have achieved an average of at least 15% sequential quarterly revenue growth – starting with Fiscal Q3 2013. Profitability will be achieved if revenue exceeds expenses, excluding the following expenses: (i) all non-recurring restructuring compensation payments and vendor settlements costs, (ii) costs related to operations that were discontinued prior to the end of the fiscal quarter being measured, and (iii) Xxxxxxx Xxxxxxx litigation expenses. Any such bonus due shall be payable within 30 days from issuance of the 10Q for the fiscal quarter in which the company achieved Profitability.
Profitability Bonus. Notwithstanding other Bonus plans that may be put in place by the Company, the Executive shall be entitled to a one-time bonus which shall be awarded upon achievement by the Company of two consecutive calendar quarter periods of positive EBITDA in accordance with GAAP. The amount of such Profitability Bonus shall be $50,000, which shall be paid to the Executive as soon as the Chief Executive Officer of ELC determines is reasonably practical for balance sheet considerations.
Profitability Bonus. The Employee shall be entitled to receive a bonus nine (9) months from the Effective Date (payable within thirty (30) days thereof) equal to ten percent (10%) of the profits on the amount by which the Company's xxxxxxxx on the Oracle account exceed Sixteen Million Dollars ($16,000,000). The Employee shall also be entitled to receive a bonus eighteen (18) months from the Effective Date (payable within thirty (30) days thereof) equal to ten percent (10%) of the profits on the amount by which the Company's xxxxxxxx on the Oracle account exceed Twenty Million Dollars ($20,000,000). In addition, without limiting the foregoing, the Company may pay the Employee a bonus if, in the sole judgment of the Board of Directors, the earnings of the Company or the services of the Employee merit such a bonus.
Profitability Bonus. A bonus shall be paid on the profitability of the Revenue Management Services Group business unit (RMSG). The bonus will be an amount equal to 3% of the net profit of RMSG after allocation of corporate overhead, such allocation not to exceed six (6%) of net revenue of RMSG for the first twelve months. The allocation of corporate overhead shall not exceed nine (9%) for the second twelve months and shall not exceed twelve (12%) thereafter. This bonus will be paid quarterly sixty days after then end of each calendar quarter. If RMSG's net profit exceeds $250,000 in any one month, the bonus for that net profit in excess of $250,000 shall be ten percent (10%). The allocation of overhead shall be based on the average of monthly overhead applied for management reporting purposes during any period.
Profitability Bonus. Sixty Percent (60%) of the Target Bonus Amount shall be earned upon the Company achieving Operational Profitability for the full year. Operational Profitability is defined as positive net earnings for the period before interest and taxes. The annual Target Bonus will be measured and paid when earned, pro rata, on a quarterly basis. The Target Bonus will be considered earned upon the Company reaching profitability in the period after the bonus is paid to executive. Upon approval from the Compensation Committee of the Board of Directors of Loudeye, the Executive may exchange all or a portion of the earned bonus for additional options in the company share option program.
Profitability Bonus. (1) The Company shall pay a profitability bonus as a reward to employees for their contributions towards the profitability of the Company. The Company shall brief and discuss with the Union two weeks before deciding on the quantum payable. However, the Company shall have the final discretion to decide on the quantum payable. Employees who retire before payment date, shall be paid on a pro-rated basis in respect of the completed months of service for that year. However in assessing contribution, the Company shall take into consideration the attendance and performance of the individual employee. Deductions for absence shall be made when an employee is on —
