Examples of Earnout Date in a sentence
The deferred Equity Shares payable are to be issued upon the earlier of: 1) the Turlock Earnout Date or 2) April 21, 2025.
Issuances are made in three tranches of 5.0 million shares, for a total of 15.0 million shares, each upon reaching share price targets within specified time frames from December 21, 2020 ("Earnout Date").
The third tranche will be issued if the share price reaches $30 within five years of the Earnout Date.
The date upon which the First Earnout Payment is required to be delivered by ADS to the Stockholders shall be referred to herein as the "First Earnout Date." The First Earnout Payment shall be in the form of cash and/or ADS Stock, the proportional amount of each to be determined by ADS, having a value of 4.0 times the EBITDA for the First Earnout Period, minus $450,000 (the "First Earnout Amount").
The per share valuation price of such ADS Stock shall be based upon the average closing market price of ADS Stock for the 20 consecutive business days ending the business day immediately prior to the Second Earnout Date, as published in The Wall Street Journal, Eastern Edition (the "Second Valuation Price").