Bonus Multiple definition

Bonus Multiple means the amount determined by reference to Section 3.2 hereof.

Bonus Multiple means the multiple, if any, determined by reference to the matrix set forth below, based on the Company's overall financial performance for the relevant year by providing the percentage variance between "Revenue" and "EBITDA" actually reported for the fiscal year and "Revenue" and "EBITDA" as set forth in the annual budget adopted by the Board. EBITDA VARIANCE (ACTUAL VS. BUDGET)

Bonus Multiple means, with respect to a Participant for a fiscal year, the Participant's Performance Multiple plus the Participant's Target Multiple for such year, except in the case of a Participant who has a Combined Performance Multiple for such year, the Performance Multiple shall be the Combined Performance Multiple for such Participant for such year.

Examples of Bonus Multiple in a sentence

• Except as described in Section 5.6(c) below, a Participant’s Company Bonus will equal the product of the Company Performance Bonus Multiple and the Participant’s Bonus Target and the Participant’s Earnings.

• As more specifically described below, a Participant’s Company Bonus is calculated by multiplying the Participant’s Bonus Target by his Participant Earnings and the Company Performance Bonus Multiple.

• Notwithstanding Sections 5.3 and 5.4, the Company Performance Bonus Multiple will not be less than 0.25 or greater than 2.0 in an Applicable Year.

• If the calculations described in Sections 5.3 and 5.4 above result in a number that is less than 0.25, the Company Performance Bonus Multiple will equal 0.25 for the Applicable Year.

• For example, (1) in the event the actual Achieved EBITDA Percentage is 90%, the Bonus Multiple shall be 75% or (2) in the event the actual Achieved EBITDA Percentage is 115%, the Bonus Multiple shall be 137.5%.

More Definitions of Bonus Multiple

Bonus Multiple means the multiple, if any, selected from the charts below by computing (i) actual REVENUE for the Performance Year as a percentage of Projected REVENUE for such Year, assuming that the Projected REVENUE is $84,000,000, $131,000,000 and $212,000,000 for 1997, 1998 and 1999, respectively, and (ii) the variance in actual EBITA as compared to Projected EBITDA, assuming that the Projected EBITDA, having been adjusted so that the total projected bonus payment for such year is zero, is $(19,000,000), $(19,000,000) and $(7,200,000) for 1997, 1998 and 1999, respectively.

Bonus Multiple means the sum of the Excess Bonus Multiple and the Target Multiple. The Bonus Multiple will not be less than zero.

Bonus Multiple shall be an amount equal to the greater of (x) one (1), or (y) a fraction, the numerator of which shall equal the number of whole calendar months remaining in the then current Employment Term (assuming no termination had occurred and no further extension of the Employment Term), including for such purpose, the calendar month during which Executive’s termination occurs, and the denominator of which shall equal twelve (12).

Bonus Multiple means the multiple, if any, determined by reference to the matrix set forth below, based on the Company's overall financial performance for the relevant year by providing the percentage variance between "Revenue" and "EBITDA" actually reported for the fiscal year and "Revenue" and "EBITDA" as set forth in the annual budget adopted by the Board. EBITDA Variance (Actual vs. Budget) -15% to -5% -5% to 5% +5.1% to 15% + 15% -------------------------------------------------------------------------------- Revenue -15% to -5% 0.6 0.7 0.8 1.0

Bonus Multiple means an amount equal to the product of (A) the Participant’s target annual bonus (under the Company’s annual bonus plan or program, or under the Participant’s employment agreement or offer letter with the Company) calculated at 100% of target levels as specified in such Company bonus plan or program as in effect immediately prior to the date of the Non-CiC Termination and (B) a fraction, the numerator of which is the number of months represented by the Non-CiC Severance Period and the denominator of which is twelve (12).

Bonus Multiple means the sum of the Performance Factor plus one (1).

Bonus Multiple means the difference (positive or negative) between Actual performance and Targeted performance, divided by the Bonus Interval, plus One.