Gross Bonus Amount definition

Gross Bonus Amount means the annual bonus amount for the Plan Year, as determined under Section 3 of the Plan.
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Examples of Gross Bonus Amount in a sentence

  • For each one of the above five goals that is achieved by the Company as of the end of the 2005 calendar year, the Employee shall be entitled to 20% of the Gross Bonus Amount as calculated below (the “Bonus Percentage”).

  • If the annual salary is $200,000, the Gross Bonus Amount would be $20,000.

  • If the annual salary is $200,000 and the EBITDA is $3,000,000, the Gross Bonus Amount would be $150,000.

  • If the annual salary is $170,000 and the EBITDA is $3,000,000, the Gross Bonus Amount would be $76,500.

  • If the annual salary is $222,000 and the EBITDA is $3,000,000, the Gross Bonus Amount would be $166,500.