Other Executives. The Company shall establish an annual bonus pool for Company employees (excluding Executive) of $1,500,000 for 1999 and 1.5% of EBITDA for years thereafter (the "Management Bonus Pool"), subject in each case, to reduction by the amount of any Special Bonuses awarded with respect to the applicable year pursuant to Section 2(a). Payment of any bonuses shall be contingent upon satisfaction of reasonable performance goals established by the Board in consultation with Executive.
Appears in 2 contracts
Sources: Employment Agreement (Marketing Services Inc), Employment Agreement (American Media Operations Inc)