Special Bonus Opportunity. Employee shall be granted the opportunity to receive a cash bonus in the amount of $1,000,000 (the “Special Bonus”), provided that the Special Bonus will be payable only if (a) Lions Gate achieves specified performance goals established by the CCLG for the Special Bonus, and (b) Employee’s employment with the Company continues through the period specified by the CCLG. The performance goals for the Special Bonus will be finalized by the CCLG within thirty (30) days following the date of this Agreement and will generally relate to the achievement of certain synergies in connection with Lions Gate’s acquisition of Starz and the integration of the two companies following the transaction.
Special Bonus Opportunity. Xxxxx shall be granted the opportunity to receive a cash bonus in the amount of $4,000,000 (the “Special Bonus”) subject to the following terms. The Special Bonus will be payable only if (a) Lions Gate’s acquisition of Starz (“Starz”) closes, (b) Lions Gate achieves the performance goal for the Special Bonus established by the Compensation Committee in approving the Special Bonus for the three-month performance period commencing on the date of the closing of the acquisition of Starz (the “Performance Period”), and (c) Xxxxx’ employment with Lions Gate continues through the last day of the Performance Period; provided, however, that if, at any time after the closing of the Starz acquisition and prior to the end of the Performance Period, Xxxxx’ employment is terminated by Lions Gate without Cause pursuant to Section 11(f), by Xxxxx for Good Reason pursuant to Section 11(e)(iv), or due to Xxxxx’ death or Disability pursuant to Section 11(b) or 11(c), respectively, the Special Bonus opportunity will be held open until the end of the Performance Period and will be payable to Xxxxx if the performance goal set forth in clause (b) of this Section 5A is achieved. For purposes of clarity, no Special Bonus will be payable hereunder if the acquisition of Starz is not consummated, if the performance goal set forth in clause (b) of this Section 5A is not achieved, or if Xxxxx’ employment terminates prior to the end of the Performance Period for any reason other than as set forth in the proviso to the preceding sentence.”
4. Section 6 of the Employment Agreement is hereby amended and restated to read in its entirety as follows:
Special Bonus Opportunity. Upon the occurrence of a Value Creation Event, the Executive shall be paid a special bonus in an amount equal to $20,000.00 multiplied by the number of years elapsed from the Effective Date of the Prior Agreement until such occurrence (including fractional periods), which special bonus shall be in addition to and determined separately from any awarded bonuses as a result of the annual bonus opportunity described in Section 3.2(a), and which will be paid on the next payroll date following the occurrence of the Value Creation Event.
Special Bonus Opportunity. If, for the twelve month period ending December 31, 2003, the Company achieves EBITDA of in excess of $31,000,000 (the “Target”), the Executive shall receive a one-time incentive bonus payment equal to $1,000,000. If the Company achieves the Target, the Company will authorize the Executive to make one-time incentive bonus payments to the other members of the Company’s senior management, which additional bonus payments to the other members of the Company’s senior management shall in the aggregate be at least $1,000,000. The exact aggregate amount of such bonus payments shall be in the sole discretion of the Board of Directors; the exact allocation of such bonus payments to the members of senior management shall be at the discretion of the Executive, after consultation with the Board of Directors.
Special Bonus Opportunity. Within the later of (i) 30 days after the Closing or (ii) 30 days after the post-Closing establishment of the final adjusted sale price (the “Sale Price”) pursuant to any procedures set forth in the definitive purchase and sale agreement for the stock or substantially all of the assets of PED (an “Agreement”), you will be eligible to receive a Special Bonus payment in an amount calculated in accordance with the below listed Sale Price/Special Bonus parameters (the “Special Bonus Payment”), if, and only if, in C&D CEO’s (Jxxx Xxxxxx or another appropriate C&D designee appointed by Jxxx Xxxxxx) sole discretion you have met the performance requirements described in Paragraph 1 above. The decision of C&D’s CEO regarding the eligibility to receive the Special Bonus payable to you shall be final and binding. Any Special Bonus will be paid, in a lump sum (less applicable federal, state, and local taxes and other required or authorized deductions and withholdings).
Special Bonus Opportunity. The Company agrees to pay Executive a one-time cash bonus (the “Financing Bonus”) in the amount of $50,000 within 30 days of the earlier to occur of: (i) the Company accomplishes a Financing Transaction (as defined below), or (ii) a Change in Control (as defined in the Company’s 2015 Incentive Plan) of the Company. For purposes of this Agreement, a Financing Transaction means: the Company receives a cumulative amount of $20 million in cash from equity or debt financing or joint venture, licensing or similar business development activities.
