Additional Earnout definition

Additional Earnout means, with respect to the three-year period following the Commencement Date, up to an aggregate of $10 million, the payment of which shall be made in cash based on the formula set forth on Exhibit A hereto.
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Additional Earnout shall have the meaning set forth in Section 2(f)(ii).
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Additional Earnout means, for any Earnout Year in which the aggregate Revenues through such Earnout Year are greater than the Total Revenue Target, an amount equal to the sum of (x) the product of (A) 15% and (B) the aggregate Revenues through such Earnout Year minus the Total Revenue Target minus (y) any Additional Earnout paid for any prior Earnout Year. “Cumulative Revenue Percentage” and “Cumulative Revenue Target” for each Earnout Year is set forth in the table below: Earnout Year Cumulative Revenue Target Cumulative Revenue Percentage 2011 $ 20,799M 15 % 2012 $ 52,247M 37 % 2013 $ 92,759M 66 % 2014 $ 141,048M 100 %
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Examples of Additional Earnout in a sentence

  • Task 7.3 had weekly meetings with representatives also from WP5 and WP6 collecting input from the functional and technical specifications relevant to the scenarios specified as extensions.During the work with the dataset connected to the different use cases, the idea of having one common header was identified as a method for ensuring a better user experience.

  • Within ninety (90) days after the end of each Earnout Year, the Purchaser shall submit to Holdco in writing the proposed calculations necessary to determine the Basic Earnout Payment for the most recently ended Earnout Year and, in addition, with respect to EY 2014, the Additional Earnout Payment (collectively, the “Earnout Calculations”), together with the monthly income statements and monthly balance sheets of the Company and Capital Charge calculations for such Earnout Year.

  • Determination and Payment of the Basic and Additional Earn-out Consideration In accordance with the terms of the Sale and Purchase Agreement, the relevant Basic Earn-out Consideration and/or Additional Earn-out Consideration (as applicable) shall, absent any dispute as to the amount, be agreed no later than fifteen (15) Business Days after 30 June of the year following the expiry of the relevant Earn-Out Period.

  • In addition to the Base Earn-out Payment, following the final determination of Net Sales in accordance with Section 7.11(a), the Parent shall deliver to the Seller the Additional Earn-out Payment, if any, in such amount and in such form as shall be determined in accordance with the Additional Earn- out Procedures.

  • The Basic Earn-out Consideration Subject to the terms set out in the sub-section titled “Eligibility for Basic and Additional Earn-out Consideration” below, the Basic Earn-out Consideration shall be paid to Vendor I and Vendor II in the proportion of 49.9% and 50.1%, respectively.

  • Each of the Seller, each of its members and each Principal has such knowledge, sophistication and experience in business and financial matters as to be capable of evaluating the merits, risks and other considerations relating to the Additional Earn-out Payment and acquisition and ownership of Parent Common Stock, if any, issuable hereunder.

  • Provide a Points Schedule in tabular form for each HVAC system, with the indicated columns and with each row representing a hardware point, network point or configuration point in the system.When a Points Schedule was included in the Contract Drawing package, use the same fields as the Contract Drawing with updated information in addition to the indicated fields.

  • The College of Humanities and Social Sciences was significantly over-represented.

  • Notwithstanding anything to the contrary in Schedule 2.4(b), the Additional Earnout Amount shall be paid to Seller within thirty (30) days following such fifteen (15) month anniversary of the Closing Date.

  • A portfolio manager within CSB is also dedicated to each departmental branch (including MSC) and coordinates requests for support from the branch.• In 2012, a SSC IT Service Level Agreement was developed for MSC, which identifies specialized IT services provided by SSC required for MSC to fulfil its mandate.


More Definitions of Additional Earnout

Additional Earnout means, for any Earnout Year in which the aggregate Annual Revenues through such Earnout Year are greater than the Total Revenue Target, an amount equal to the sum of (x) the product of (A) 15% and (B) the aggregate Annual Revenues through such Earnout Year minus the Total Revenue Target minus (y) any Additional Earnout paid for any prior Earnout Year.
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Additional Earnout has the meaning set forth in §2(a)(v).
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Related to Additional Earnout

  • Additional Payment is as defined in Section 6 of the Agreement.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Additional Payments means the amounts required to be paid by the Company pursuant to the provisions of Section 4.2 hereof.

  • Additional Compensation has the meaning set out in Section 13.3(1).

  • Additional Fees means those prices for the Additional Goods/Services and additional costs and levies required from time to time and notified to you in advance, to provide adequately for the education and related activities and services provided to your Child, including the costs of extra-curricular activities or special educational needs;

  • Additional Taxes means taxes, duties or other governmental charges imposed on the Trust as a result of a Tax Event (which, for the sake of clarity, does not include amounts required to be deducted or withheld by the Trust from payments made by the Trust to or for the benefit of the Holder of, or any Person that acquires a beneficial interest in, the Securities).

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following:

  • Earnout Amount has the meaning set forth in Section 2.5.1b).

  • Recovered tax increment value means, except as otherwise

  • Additional Fee means a fee, in addition to the licence fee, imposed by the municipality on a business at any time during the term of the licence for costs incurred by the municipality attributable to the activities of the business;

  • Additional Contribution Each Member's pro-rata portion of a Required Amount, determined by multiplying the Required Amount by each Member's Interest.

  • Earnout Period has the meaning set forth in Section 3.6(a).

  • Tax Increment means the difference between:

  • AHYDO Catch-Up Payment means any payment, including payments made on subordinated debt obligations, in each case to the extent such payment is necessary to avoid the application of Section 163(e)(5) of the Code.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Additional Consideration has the meaning set forth in Section 3.2.

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • Additional Costs has the meaning given that term in Section 4.1.

  • Base Taxes means Taxes for the calendar year specified as the Base Year in the Basic Lease Information.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Adjusted Term SOFR Rate means, for any Interest Period, an interest rate per annum equal to (a) the Term SOFR Rate for such Interest Period, plus (b) 0.10%; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Tax Amount has the meaning set forth in Section 4.01(b)(i).

  • Additional contributions means contributions made by a member of a defined benefit plan to

  • Earnout has the meaning set forth in Section 2.9(a).

  • Additional Tax means in addition to Restaurant Tax. (C) “Additional Tax” means in addition to Commercial Lease. Review each City/Town for tax on Food for Home Consumption. (B) If you report under Hotel (Business code 044), this city has an Additional Hotel tax rate that must be applied and reported (Business Code 144). (D) Report amount due on materials purchased exempt from tax and incorporated into a Maintenance, Repair, Replacement or Alteration (MRRA) project. (E) When reporting for Short Term Motor Vehicle you must report Business Code 214 and 114 for this City.