Common use of Additional Purchase Consideration Clause in Contracts

Additional Purchase Consideration. If the NOI for any year in which an installment of Deferred Consideration is due exceeds $1,000,000, then twenty-five percent (25%) of the amount over and above and in excess of $1,000,000 shall be accrued as additional consideration and, within sixty (60) days of the end of such year, be paid as additional consideration to those persons designated in Schedule 2.4 hereof in the proportions described in that Schedule.

Appears in 2 contracts

Samples: Stock Purchase Agreement (RCM Technologies Inc), Stock Purchase Agreement (RCM Technologies Inc)

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Additional Purchase Consideration. If the NOI for any year in which an installment of Deferred Consideration is due exceeds $1,000,000, (as finally determined pursuant to this Section 2.4) then twenty-five percent (25%) of the amount over and above and in excess of $1,000,000 shall be accrued as additional consideration and, within sixty (60) days and be paid to the Acquiree Shareholders according to the Shareholder Percentages at the same time as the payment of the end of such year, be paid as additional consideration to those persons designated in Schedule 2.4 hereof in the proportions described in that ScheduleDeferred Consideration under Section 2.4(b) hereof.

Appears in 2 contracts

Samples: Stock Purchase Agreement (RCM Technologies Inc), Stock Purchase Agreement (RCM Technologies Inc)

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Additional Purchase Consideration. If the NOI for any year in which an installment of Deferred Consideration is due exceeds $1,000,0001,700,000, then twenty-five percent (25%) of the amount over and above and in excess of $1,000,000 shall be accrued as additional consideration and1,700,000 shall, within sixty (60) days of the end of such year, be paid as additional consideration to those persons designated in Schedule 2.4 2.3 hereof in the proportions described in that Schedule.

Appears in 1 contract

Samples: Stock Purchase Agreement (RCM Technologies Inc)

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