Common use of Right to Portion of Earnout Payment Clause in Contracts

Right to Portion of Earnout Payment. Axial shall pay the Employee 5/10ths of one percent (.5%) ("Earnout Share") of any Earnout Payment received by Axial from Tangram; provided the Employee is employed by Tangram continuously and on the last day of the twelve (12) month period ("Earnout Period") in which Axial receives the right to the applicable Earnout Payment, subject to Section 2(b) and (c) below.

Right to Portion of Earnout Payment. Axial shall pay the Employee 5/10ths 4/10ths of one percent (.5.4%) ("Earnout Share") of any Earnout Payment received by Axial from Tangram; provided the Employee is employed by Tangram continuously and on the last day of the twelve (12) month period ("Earnout Period") in which Axial receives the right to the applicable Earnout Payment, subject to Section 2(b) and (c) below.

Right to Portion of Earnout Payment. Axial shall pay the Employee 5/10ths 2/10ths of one percent (.5.2%) ("Earnout Share") of any Earnout Payment received by Axial from Tangram; provided the Employee is employed by Tangram continuously and on the last day of the twelve (12) month period ("Earnout Period") in which Axial receives the right to the applicable Earnout Payment, subject to Section 2(b) and (c) below.

Right to Portion of Earnout Payment. Axial shall pay the Employee 5/10ths of one three percent (.53%) ("Earnout Share") of any Earnout Payment received by Axial from Tangram; provided the Employee is employed by Tangram continuously and on the last day of the twelve (12) month period ("Earnout Period") in which Axial receives the right to the applicable Earnout Payment, subject to Section 2(b) and (c) below.

Right to Portion of Earnout Payment. Axial shall pay the Employee 5/10ths of one five and 8/10ths percent (.55.8%) ("Earnout Share") of any Earnout Payment received by Axial from Tangram; provided the Employee is employed by Tangram continuously and on the last day of the twelve (12) month period ("Earnout Period") in which Axial receives the right to the applicable Earnout Payment, subject to Section 2(b) and (c) below.