Earn Out Number definition

Earn Out Number means the Initial Earn-Out Number, as it may be adjusted (if at all) pursuant to the remaining provisions of this Section 3.8(d); provided that, if more than one subsection of this Section 3.8(d) is applicable to a single event, the subsection shall be applied that produces the largest adjustment and no single event shall cause an adjustment under more than one subsection of this Section 3.8(d) so as to result in duplication. Any adjustments pursuant to this Section 3.8(d) shall be made successively whenever an event referred to herein shall occur.
Sample 1Sample 2
Earn Out Number means the number of PSUs earned for the Performance Year based upon achievement of the applicable performance objective or objectives, as certified by the Committee. Subject to Executive’s continuous employment with the Company through the applicable vesting date, Executive shall be fully vested in two-thirds of the Earn Out Number on the first anniversary of the date of grant (the “First Tranche”); in one-sixth of the Earn Out Number on the second anniversary of the date of grant (the “Second Tranche”); and in one-sixth of the Earn Out Number on the third anniversary of the date of grant (the “Third Tranche”). Payment with respect to the vested portion of the Earn Out Number shall be made only through delivery and settlement of the appropriate number of shares of the Company’s common stock within 60 days following the applicable date of vesting; provided, however, that payment with respect to the First Tranche shall not be made until the Committee has certified attainment of the applicable performance objectives for the Performance Year. Except as otherwise provided in Section 5 or 6, Executive shall forfeit, and have no rights with respect to, any portion of the Earn Out Number that has not vested prior to the date Executive’s employment with the Company ends.
Sample 1Sample 2
Earn Out Number means the number of PSUs earned for the Performance Year based upon achievement of the applicable performance objective or objectives, as certified by the Committee. For each annual grant of PSUs and subject to Executive’s continuous employment with the Company through the applicable vesting date, Executive shall be fully vested in two-thirds of the Earn Out Number on the first anniversary of the date of grant (the “First Tranche”); in one-sixth of the Earn Out Xxx X. Xxxxxxxx Employment Agreement Number on the second anniversary of the date of grant (the “Second Tranche”); and in one-sixth of the Earn Out Number on the third anniversary of the date of grant (the “Third Tranche”). Payment with respect to the vested portion of the Earn Out Number shall be made only through delivery and settlement of the appropriate number of shares of the Company’s common stock within 60 days following the applicable date of vesting; provided, however, that payment with respect to the First Tranche shall not be made until the Committee has certified attainment of the applicable performance objectives for the Performance Year. Except as otherwise provided in Section 5 or 6, Executive shall forfeit, and have no rights with respect to, any portion of the Earn Out Number that has not vested prior to the date Executive’s employment with the Company ends.
Sample 1

Examples of Earn Out Number in a sentence

  • Except as otherwise provided in Section 5 or 6, Executive shall forfeit, and have no rights with respect to, any portion of the Earn Out Number that has not vested prior to the date Executive’s employment with the Company ends.

  • Payment with respect to the vested portion of the Earn Out Number shall be made only through delivery and settlement of the appropriate number of shares of the Company’s common stock within 60 days following the applicable date of vesting; provided, however, that payment with respect to the First Tranche shall not be made until the Committee has certified attainment of the applicable performance objectives for the Performance Year.

  • With respect to the Second and Third Tranches (but not the First Tranche) of the Earn Out Number, Executive shall be credited with a cash amount equal to the cash dividends paid on the corresponding number of shares of Company’s common stock during the period beginning after the Performance Year and ending on the vesting date of the applicable Tranche.

  • With respect to the Second Tranche and the Third Tranche (but not the First Tranche) of the Earn Out Number, Executive shall be credited with a cash amount equal to the cash dividends paid on the corresponding number of shares of Company’s common stock during the period beginning after the Performance Year and ending on the vesting date of the applicable tranche.

  • Subject to Executive’s continuous employment with the Company through the applicable vesting date, Executive shall be fully vested in two-thirds of the Earn Out Number on the first anniversary of the date of grant (the “First Tranche”); in one-sixth of the Earn Out Number on the second anniversary of the date of grant (the “Second Tranche”); and in one-sixth of the Earn Out Number on the third anniversary of the date of grant (the “Third Tranche”).

  • For the PSUs granted on the Effective Date under the Agreement, the performance objective to determine the Earn Out Number shall be policy count as measured by growth in Non-Florida Premiums for 2019 in comparison to Non-Florida Premiums for 2018.

  • With respect to the Second Tranche and Third Tranche (but not the First Tranche) of the Earn Out Number, Executive shall be credited with a cash amount equal to the cash dividends paid on the corresponding number of shares of Company’s common stock during the period beginning after the Performance Period and ending on the vesting date of the applicable tranche.

  • Subject to Executive’s continuous employment with the Company through the applicable vesting date, with respect to the grant of PSUs that Executive is eligible to receive on the Effective Date, Executive shall be fully vested in one-third of the Earn Out Number on March 1, 2021 (the “First Tranche”); in one-third of the Earn Out Number on March 1, 2022 (the “Second Tranche”); and in the remaining one-third of the Earn Out Number on December 31, 2022 (the “Third Tranche”).

  • Subject to Executive’s continuous employment with the Company through the applicable vesting date, Executive shall be fully vested in 34% of the Earn Out Number on March 1, 2020 (the “First Tranche”); in 34% of the Earn Out Number on March 1, 2021 (the “Second Tranche”); and in the remaining 32% of the Earn Out Number on March 1, 2022 (the “Third Tranche”).

  • Payment with respect to the vested portion of the Earn Out Number shall be made only through delivery and settlement of the appropriate number of shares of the Company’s common stock within 60 days following the applicable date of vesting; provided, however, that payment with respect to the First Tranche shall not be made until the Committee has determined that the applicable performance objective for the Performance Period have been attained.


More Definitions of Earn Out Number

Earn Out Number means the number of PSUs earned for the Performance Year based upon achievement of the applicable performance objective, as determined by the Committee. Subject to Executive’s continuous employment with the Company through the applicable vesting date, with respect to the grant of PSUs that Executive is eligible to receive on the Effective Date, Executive shall be fully vested in one-third of the Earn Out Number on March 1, 2021 (the “First Tranche”); in one-third of the Earn Out Number on March 1, 2022 (the “Second Tranche”); and in the remaining one-third of the Earn Out Number on December 31, 2022 (the “Third Tranche”). Payment with respect to the vested portion of the Earn Out Number shall be made only through delivery and settlement of the appropriate number of shares of the Company’s common stock within 60 days following the applicable date of vesting; provided, however, that payment with respect to the First Tranche shall not be made until the Committee has determined that the applicable performance objectives for the Performance Year have been attained. Except as otherwise provided in Section 5 or 6, Executive shall forfeit, and have no rights with respect to, any portion of the Earn Out Number that has not vested prior to the date Executive’s employment with the Company ends. The Committee will determine the vesting and other terms applicable to the PSU grants made during the Term following calendar year 2020 during the first quarter of each such calendar year.
Sample 1
Earn Out Number means the number of PSUs earned for the Performance Period based upon achievement of the applicable performance objective, as determined by the Committee. Subject to Executive’s continuous employment with the Company through the applicable vesting date, Executive shall be fully vested in 34% of the Earn Out Number on March 1, 2020 (the “First Tranche”); in 34% of the Earn Out Number on March 1, 2021 (the “Second Tranche”); and in the remaining 32% of the Earn Out Number on March 1, 2022 (the “Third Tranche”). Payment with respect to the vested portion of the Earn Out Number shall be made only through delivery and settlement of the appropriate number of shares of the Company’s common stock within 60 days following the applicable date of vesting; provided, however, that payment with respect to the First Tranche shall not be made until the Committee has determined that the applicable performance objective for the Performance Period have been attained. Except as otherwise provided in Section 5 or 6, Executive shall forfeit, and have no rights with respect to, any portion of the Earn Out Number that has not vested prior to the date Executive’s employment with the Company ends. Xxxx X. Xxxxxx Employment Agreement
Sample 1

Related to Earn Out Number

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Earn-Out means any bona fide contingent obligation to make “earn-out” payments to one or more prior owners of any Person, business or division, the capital stock of which, or all or substantially all of the assets of which, have been acquired by the Borrower or any of its Subsidiaries, which “earn-out” payment obligation is contingent upon, or varies in amount based upon, the performance of the Person or of the assets so acquired, as such performance is measured by one or more financial, business or other performance criteria.

  • Unit number means the number, letter, or combination of numbers and

  • Earn-Outs means unsecured liabilities of a Loan Party arising under an agreement to make any deferred payment as a part of the Purchase Price for a Permitted Acquisition, including performance bonuses or consulting payments in any related services, employment or similar agreement, in an amount that is subject to or contingent upon the revenues, income, cash flow or profits (or the like) of the target of such Permitted Acquisition.

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Earn-Out Shares has the meaning provided in Section 2.2(b).

  • Earn-Out Consideration is defined in Section 2.5(c).

  • Lot number or “batch number” means a distinctive group of numbers, letters, or symbols or any combination of these that is unique to a group of cannabis goods.

  • Adjustment Number initially shall be 1000. In the event the Corporation shall at any time after May 18, 2004 (i) declare and pay any dividend on Common Stock payable in shares of Common Stock, (ii) subdivide the outstanding Common Stock, or (iii) combine the outstanding Common Stock into a smaller number of shares, then in each such case the Adjustment Number in effect immediately prior to such event shall be adjusted by multiplying such Adjustment Number by a fraction, the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event.

  • Project Number means a unique number assigned to the project by the department or the city, village, town or county that is undertaking the project.

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Earnout Amount has the meaning set forth in Section 2.7(a).

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Location Routing Number (LRN means the ten (10) digit number that is assigned to the network switching elements (Central Office–Host and Remotes as required) for the routing of calls in the network. The first six (6) digits of the LRN will be one of the assigned NPA NXX of the switching element. The purpose and functionality of the last four (4) digits of the LRN have not yet been defined but are passed across the network to the terminating switch.

  • Maximum Purchase Price has the meaning assigned to the term in the Pricing Side Letter.

  • Earn-Out Period has the meaning set forth in Section 2.6.1.

  • Earn-Out Statement has the meaning set forth in Section 2.5(c).

  • Minimum Purchase Amount means an amount that would be sufficient to (i) reduce the Outstanding Amount of each class of Notes on such Distribution Date to zero and (ii) pay to the respective Noteholders the Class A Noteholders’ Interest Distribution Amount and the Class B Noteholders’ Interest Distribution Amount payable on such Distribution Date.

  • Specified Number means the number of Public Sources specified in the applicable Terms or, if a number is not so specified, two.

  • Batch number means a unique numeric or alphanumeric identifier assigned prior to any testing to allow for inventory tracking and traceability.