Distribution of Earnout Sample Clauses

Distribution of Earnout. (i) In the event Parent delivers an Earnout Notice stating that Earnout Amounts have been earned pursuant to this ARTICLE IX, and Parent does not have any claims outstanding for Losses pursuant to an Officer's Certificate, Parent shall deposit the Earnout Amount set forth in the Earnout Notice with the Exchange Agent for distribution to the Shareholders as soon as practicable but in any event within five (5) days of the delivery of the Earnout Notice.
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Distribution of Earnout. (i) In the event Parent delivers an Earnout Notice (as defined in Section 8.3 hereof) stating that a portion of the Earnout Consideration has been earned pursuant to this ARTICLE VIII, subject to SECTION 8.1(b)(ii) hereof Parent shall distribute the portion of the Earnout Consideration set forth in the Earnout Notice (the "EARNED EARNOUT AMOUNT") as follows:
Distribution of Earnout. (i) If Parent delivers an Earnout Notice stating that an Earnout Payment has been earned pursuant to this Article III and Parent does not have any claims outstanding for Excess Losses, Parent shall distribute (or cause the Paying Agent to distribute) the applicable Earnout Payment set forth in the Earnout Notice to the Stockholders within ten (10) Business Days of the amount of such Earnout Payment becoming final pursuant to Section 3.3 (each, an “Earnout Payment Date”) in accordance with Section 1.9.
Distribution of Earnout. (i) In the event Parent delivers an Earnout Notice (as defined in Section 8.6 hereof) stating that Earnout Consideration has been earned pursuant to this Article VIII, and Parent does not have any claims outstanding for Excess Losses (as defined in Section 7.4(b)) pursuant to an Officer’s Certificate, Parent shall distribute the Earnout Consideration set forth in the Earnout Notice to the former Stockholders in accordance with Section 1.6(b) and Section 1.6(d) as soon as practicable but in any event within five (5) Business Days of the delivery of the Earnout Notice.
Distribution of Earnout. Parent shall release and distribute the portion of the Earnout Amount, and only such amount that is actually earned and distributable pursuant to this ARTICLE IX, to the former Stockholders pursuant to this ARTICLE IX, if any, in accordance with SECTION 1.6(b) and SECTION 1.6(c), at such times as follows:

Related to Distribution of Earnout

  • Distributions on Account of Separation from Service If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of Section 409A.

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