Deferred Cash Payment definition
Examples of Deferred Cash Payment in a sentence
To the extent allowed under applicable Law, the rights of Seller to the Deferred Cash Payment and the Indemnity Escrow Shares shall be treated as deferred contingent purchase price eligible for installment sale treatment under Section 453 of the Code and any corresponding provision of state, local or non-U.S. applicable Law, as appropriate.
The Deferred Cash Payment, if any, will be made on the later of (i) the date(s) that payment(s) would be made in the Change of Control to holders of Common Stock generally or (ii) subject to the Executive’s continued employment with the Company on each applicable vesting date, in accordance with the vesting schedule applicable to the Option as of the Change of Control, including the accelerated vesting provisions set forth in Sections 5(b)-(d), 8(d)(5) and 8(e) of this Agreement.
The amount of the Deferred Cash Payment shall not bear interest and the Company's obligation to pay the Deferred Cash Payment shall not be secured by any asset of the Company.
The purchase price for the Purchased Interests shall be $3,875,308.15 in the aggregate and shall be comprised of (i) the Closing Shares, (ii) the Closing Cash Payment, and (iii) the Deferred Cash Payment (the “Purchase Price”).
The sum of the Deferred Cash Payment (Note) may be adjusted by credit to maker to the extent the Assumed Liabilities exceed $2,358,000.