Earn-Out Definitions. For purposes of this Agreement, the terms set forth below shall have the following meanings:
Earn-Out Definitions. The following definitions shall be applicable for purposes of determining the amount, if any, of the Earn-Out payment which may be payable to Seller hereunder:
Earn-Out Definitions. Unless the context otherwise requires, as used in this Agreement, the following terms shall have the following meanings:
Earn-Out Definitions. The following capitalized terms shall have the meanings ascribed thereto below:
Earn-Out Definitions. For purposes of this Agreement, "Gross Profit" shall mean gross profit, as determined in the manner set forth on Schedule 2.4 hereof arising from its courier/ freight forwarding business performed during the First Twelve Month Period or the Second Twelve Month Period for the Listed Accounts as to which the customer makes payment in full within, or not later than 75 days after the end of, the First or Second Twelve Month Period, respectively. No collections on accounts receivable for services performed before the beginning of the First Twelve Month Period shall be included in computing Gross Profit. "First Twelve Month Excess" shall mean the excess of (i) the Gross Profit of the Purchaser from Listed Accounts for the First Twelve Month Period over (ii) the 100% Xxxx.
