Revenue Bonus. At 100% of revenue target (i.e., 10% growth), your revenue bonus will equal 100% of 25% of 45% of base salary.
Revenue Bonus. If Wiltek reports fiscal year 1999 revenue (excluding any -------------- revenue for business's acquired after January 1, 1999) of at least $6,800,000 then a cash bonus of .30% of total fiscal year 1999 revenue $7,000,000 then a cash bonus of .32% of total fiscal year 1999 revenue $7,200,000 then a cash bonus of .34% of total fiscal year 1999 revenue $7,400,000 then a cash bonus of .36% of total fiscal year 1999 revenue $7,600,000 then a cash bonus of .38% of total fiscal year 1999 revenue $7,800,000 then a cash bonus of .40% of total fiscal year 1999 revenue $8,000,000 then a cash bonus of .42% of total fiscal year 1999 revenue $8,200,000 then a cash bonus of .44% of total fiscal year 1999 revenue $8,400,000 then a cash bonus of .46% of total fiscal year 1999 revenue $8,600,000 then a cash bonus of .48% of total fiscal year 1999 revenue $8,800,000 then a cash bonus of .50% of total fiscal year 1999 revenue The Company shall make full cash bonus payment to Employee within 60 days (December 30, 1999) of close of fiscal year 1999. In the event of termination any bonus accumulated as of the date of termination will be payable by the Company to the Employee within 30 days of termination.
Revenue Bonus. On April 1st of 2009 and each year of the agreement thereafter Xxxxx will be entitled to a bonus equal to 50-100% of his past year salary earned. Amount of bonus to be determined by the Board of Directors and payable in cash or S-8 registered shares at the company’s option.
Revenue Bonus a. The Executive shall receive a bonus of 25% of his base salary if the 2015 Revenue is at least the Revenue Target.
b. If the 2015 Revenue is less than the Revenue Target, the Executive shall receive a bonus equal to 25% of his base salary multiplied by a fraction, the numerator of which shall equal the 2015 Revenue and the denominator of which shall equal the Revenue Target.
Revenue Bonus. USD 150,000.00 annualized at 100% attainment of the Revenue Target.
Revenue Bonus i. Employee will be eligible to earn a Revenue Bonus twice per year based Sonim’s attainment of the Revenue Target set forth in that period.
ii. At 100% attainment of the Revenue Target, Employee will earn one hundred percent (100%) of his Revenue Bonus for that period (each calendar half-year’s target Revenue Bonus shall be one-half (1/2) of the annualized target Revenue Bonus).
iii. Employee’s Revenue Bonus will be calculated as follows:
1. If the percentage attainment of the Revenue Target in that period is less than or equal to one hundred percent (100%), Employee’s Revenue Bonus will be calculated by multiplying Employee’s Revenue Bonus for that period by the percentage attainment of the Revenue Target in that period by the Multiplier.
2. If the percentage attainment of the Revenue Target in that period is greater than one hundred percent (100%), Employee’s Revenue Bonus will be calculated by adding (a) the sum of one hundred (100%) of the Employee’s Revenue Bonus for that period and (b) the product obtained by multiplying (i) the Employee’s Revenue Bonus for that period by (II) the percentage attainment of the Revenue Target in that period above one hundred percent (100%) by (iii) the Multiplier.
Revenue Bonus. The “Revenue Target” is 100% of budgeted revenue of Inspire for the calendar year. The “Revenue Bonus Target” is 15% of Employee’s Base Salary as of December 31. The amount of the “Revenue Bonus” is determined as follows: 110% or greater 125% of Revenue Bonus Target 100-109% 100% of Revenue Bonus Target 95-99% 95% of Revenue Bonus Target 90-94% 90% of Revenue Bonus Target Below 90% No Revenue Bonus
Revenue Bonus. Employee shall receive a cash bonus representing two percent (2%) of revenue contribution collected by the Company resulting from contracts or arrangements (collectively, the “Revenue Contracts”) initiated, developed and closed (the “Revenue Bonus”).
(a) The formula determining the Revenue Bonus is as follows:
(i) For revenue generated from licenses, the product of (A) Gross Sales – External Selling Expense (if any), multiplied by (B) 2.00%; and
(ii) For revenue generated from the sale of products, the product of (A) Gross Sales – COGS – External Selling Expense (if any), multiplied by (B) 2.00%.
(b) As used herein, the following terms have the indicated meanings:
Revenue Bonus. During the Period of Employment, the Executive shall be eligible to receive a revenue bonus for each fiscal year of the Company that occurs during the Period of Employment (“Revenue Bonus”) in an amount equal to 0.75% of the amount of the Company’s net revenues in that fiscal year exceed $25 million.. The revenue bonus shall be payable for any fiscal year within seven (7) calendar days following the date that the Company files its Annual Report on Form 10-K for such fiscal year. Notwithstanding the foregoing and except as otherwise expressly provided in this Agreement, the Executive must be employed by the Company at the time the Company is to the Revenue Bonus with respect to a particular fiscal year in order to be eligible for a Revenue Bonus for that year (and, if the Executive is not so employed at such time, in no event shall he have been considered to have “earned” any Revenue Bonus with respect to the fiscal year). Any Revenue Bonus earned by the Executive may, at the election of the Executive, be assigned by the Executive to another person or entity.
Revenue Bonus. Executive shall receive at the end of each quarterly period (prorated for a partial quarter) 10% of the Company’s consolidated gross revenue for such quarter (the “Revenue Bonus”). The Revenue Bonus shall be paid within five (5) business days from the completion of the Company’s financial statements for the applicable quarter. The Revenue Bonus shall be paid in cash or the Company’s Common Stock as determined by the Board taking into account the working capital requirements of Company. If paid in stock, the shares shall be valued based on the average of the closing prices for the last five trading days for the applicable quarter.
