Sales Bonus. Based on Fortnightly sales for the Store, cumulatively calculated as follows: Fortnightly Sales Payment of % of Fortnightly Sales $0 - $280,000 0.100% $280,000 - $465,000 0.075% $465,000 - $695,000 0.050% >$695,000 0.025% For example: Fortnightly sales of $400,000 would result in a payment of:
Sales Bonus. Commencing January 1, 1998, the Company shall pay the Employee a bonus equal to 1% of the consolidated sales of the Company and its Subsidiaries in excess of $30 million, provided that the PTP exceeds the PTP Threshold. For this purpose, sales shall only include resales of seismic data, oil and gas sales and any other recurring sales. The Company may, in its sole discretion, advance monthly to Employee any amounts which would otherwise be due to Employee under this paragraph (c) assuming that the PTP Threshold for such year is achieved.
Sales Bonus. In addition to the Base Salary, Executive shall be eligible to receive a monthly cash bonus (the “Sales Bonus”) in the amount of one percent (1%) of gross revenue from sales, due and payable on the 30th day of the succeeding month. Notwithstanding the foregoing, the initial Sales Bonus shall accrue and only be due and payable on the 30th day of the month after the Company achieves One Million Dollars ($1,000,000) per month in gross revenue from sales.
Sales Bonus. Company shall pay University one-time bonuses in the amount of [***] in the event that cumulative worldwide gross sales of Licensed Products by Company and its Affiliates and Sublicensees exceeds [***] and an additional [***] in the event that cumulative worldwide gross sales of Licensed Products by Company and its Affiliates and Sublicensees exceeds [***]. Such amount shall be due and payable within sixty (60) days after the conclusion of the Royalty Period in which such revenue milestone is achieved.
Sales Bonus. The Company may pay Executive a sales bonus (the "Sales Bonus"). The Sales Bonus shall be as decided by the Board of Directors from time to time at its sole discrection.
Sales Bonus. To the extent the amounts payable to AOL in any quarter that are applied to the Minimum Commitment exceed one AOL CONFIDENTIAL AND PROPRIETARY Final SUN CONFIDENTIAL AND PROPRIETARY CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. ASTERISKS (*) DENOTE SUCH OMISSIONS. hundred twenty-five percent (125%) of the applicable Minimum Commitment for such quarter as set forth in Section 4.5, Sun shall, in addition to any other amounts payable by Sun to AOL, pay to AOL a bonus equal to*** of the amount by which such amounts payable to AOL exceed one hundred twenty-five percent (125%) of the applicable Minimum Commitment for such quarter.
Sales Bonus. Based on Fortnightly sales for the Store, cumulatively calculated as follows: Fortnightly Sales Payment of % of Fortnightly Sales $0 - $280,000 0.0660% $280,000 - $465,000 0.0440% $465,000 - $695,000 0.0330% >$695,000 0.0165% For example: Fortnightly sales of $400,000 would result in a payment of: (0.0660% x $280,000) + (0.0440% x $120,000) = $184.80+ $52.80 = $237.60 Fortnightly sales of $800,000 would result in a payment of: (0.0660% x $280,000) + (0.0440% x $185,000) + (0.0330% x $230,000) + (0.0165% x $105,0 00) = $184.80 + $81.40 + $75.90 + $17.33 = $359.43 Employees acknowledge that the method by which the Business Review Payment is calculated is subject to the complete discretion of ALDI. ALDI has the right at any time to vary the above formulas. Superannuation will be calculated in accordance with legislation and will include any Business Review Payment payable. Assistant Store Managers engaged to work an average of fewer than 50 hours per week will receive a pro rata Business Review Payment based on the proportion of hours worked to 50 hours. For example, an Employee engaged to work an average of 40 hours a week would receive 80% of the above calculation.
Sales Bonus. In the event the aggregate amount of premium in respect of products purchased and/or renewed during certain periods throughout the term of the Exclusive Distribution Agreement meets the target set for such period, a sales bonus ranging from 2% to 5% of such aggregate amount of premium during the relevant period shall be payable by HSBC Life to the Company. For the avoidance of doubt, such sales bonus will only become payable after the fifth year of the term of the Exclusive Distribution Agreement, subject to the relevant target being met.
Sales Bonus. (i) During the Employment Term, no later than forty-five (45) days following the end of each fiscal year, provided that the Company's operating profits are at least fifteen percent (15%) of net sales, the Company shall deposit in an escrow account, pursuant to an escrow agreement, substantially in the form attached hereto as Exhibit A, an amount equal to two percent (2%) of net sales of the Company for such one-year period in excess of $35 million. As soon as practicable following the end of each fiscal year, Company shall provide Executive with an accounting of the Company's operating profits and net sales. Any amount deposited (A) in respect of Topps' fiscal year ending February 29, 2004 shall be prorated based upon the number of days the Executive is employed by the Company during the period beginning on the Closing Date and ending on last day of such fiscal year, and (B) in respect of fiscal year ending February 29, 2008 shall be prorated based upon the number of days the Executive is employed beginning on March 1, 2007 and ending on the fourth anniversary of the Closing Date. To calculate the sales bonus for the two pro-rated years the Company will follow the following steps: for each month that is part of the partial-year, the Company will look to the same month in the two preceding years and determine what percentage of annual sales were made in that particular month; the average of these percentages will be used to calculate the amount of the $35 Million annual sales target hurdle that must be met in order for the Executive to be eligible for a sales bonus for that month; assuming that the hurdle is met, Executive shall receive two percent (2%) of sales above that hurdle amount.
Sales Bonus. 12.1 If after the signing of this agreement and for an unlimited period, a ‘transaction’ is carried out, as defined below, Hold Me shall be entitled to a bonus of 15% of the total payment received in the framework of the transaction, minus the actual establishment fees paid as detailed in paragraph 5.1.1 above and the actual establishment fees, as detailed in paragraph 7.1.1. In this paragraph, a ‘transaction’ means selling of a share, issuing a share, sale of a business activity, etc., whether in one transaction or in a series of transactions, including each one of the below: a. A transaction in the framework of which Galileo’s control and/or its subsidiary is sold to a third party. b. A transaction in the framework of which Galileo and/or its subsidiary merge with another company - including reverse merging. c. A transaction in which the subsidiary is issued in a stock exchange in Israel or abroad. d. A transaction in the framework of which most (or more) of its assets and/or business activities are sold to a third party. e. A transaction in the framework of which a subsidiary’s shares are sold, including Hold Me’s activity f. A transaction and/or series of transactions after which the subsidiary ceases to be under the full ownership of Galileo. In this paragraph, ‘exchange’ means the total payments, rights, assets, share - whether in cash or cash value, received in the framework of the transaction by Galileo and/or by its shareowners. In cases in which an exchange is not received - the bonus shall be calculated as 15% of the total value of the subsidiary that includes the activity.
