Common use of Bonus Calculation Clause in Contracts

Bonus Calculation. The amount of the Bonus Pool for any Bonus Period shall be determined as follows, subject always to Section 3.01(c) of Participant's Employment Agreement and the definition of "Bonus Pool" set forth above: (a) in the event Theater Level Cash Flow is less than 80% of Targeted Theater Level Cash Flow, there shall be no Bonus Pool; (b) in the event Theater Level Cash Flow is 80% or more but less than 90% of Targeted Theater Level Cash Flow, the Bonus Pool shall be an amount equal to 50% of the Base Bonus Pool; (c) in the event Theater Level Cash Flow is 90% or more but less than 100% of Targeted Theater Level Cash Flow, the Bonus Pool shall be an amount equal to 75% of the Base Bonus Pool; and (d) in the event Theater Level Cash Flow is 100% or more of Targeted Theater Level Cash Flow, the Bonus Pool shall be an amount equal to 100% of the Base Bonus Pool. Notwithstanding the foregoing, the minimum bonus for 1998 shall be $50,000 regardless of Theater Level Cash Flow achieved. In subsequent years, a minimum bonus will be paid as set forth in Section 3.01(c) of Participant's Employment Agreement; provided that if Theater Level Cash Flow equals or exceeds Targeted Theater Level Cash Flow, then Participant's minimum bonus will be the greater of $50,000 or the Bonus Pool calculated pursuant to Section IV above (subject to proration for partial years).

Bonus Calculation. (a) The amount of the Bonus Pool for any Bonus Period shall be determined as follows, subject always to Section 3.01(c) of Participant's Employment Agreement and the definition of "Bonus Pool" set forth aboveAgreement: (ab) in the event Theater Level Cash Flow is less than 80% of Targeted Theater Level Cash Flow, there shall be no Bonus Pool; (bc) in the event Theater Level Cash Flow is 80% or more but less than 90% of Targeted Theater Level Cash Flow, the Bonus Pool shall be an amount equal to 50% of the Base Bonus PoolBonus; (cd) in the event Theater Level Cash Flow is 90% or more but less than 100% of Targeted Theater Level Cash Flow, the Bonus Pool shall be an amount equal to 75% of the Base Bonus Pool; andBonus; (de) in the event Theater Level Cash Flow is 100% or more of Targeted Theater Level Cash Flow, the Bonus Pool shall be an amount equal to 100% of the Base Bonus Pool. Notwithstanding the foregoingplus, the minimum bonus for 1998 shall be $50,000 regardless of Theater Level Cash Flow achieved. In subsequent years, a minimum bonus will be paid as set forth in Section 3.01(c) of Participant's Employment Agreement; provided that if Theater Level Cash Flow equals or is more than 100% of Targeted Theater Level Cash Flow, an amount equal to 1% of the Base Bonus for each 1% by which Theater Level Cash Flow exceeds Targeted Theater Level Cash Flow. If Theater Level Cash Flow is more than 110% of Targeted Theater Level Cash Flow, then Participant's minimum bonus will be the greater of $50,000 or the Bonus Pool calculated pursuant to Section IV above (subject to proration shall be further increased by 2% for partial years)each 1% by which Theater Level Cash Flow exceeds 110% of Targeted Theater Level Cash Flow.