Earnout Date definition
Examples of Earnout Date in a sentence
The date upon which the Second Earnout Payment is required to be delivered by ADS to the Stockholders shall be referred to herein as the "Second Earnout Date".
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").
If any Earnout Shares are issued pursuant to Section 3.1, Parent shall file with the Commission, within five business days following the Earnout Date, a non-exclusive "shelf" registration statement pursuant to Rule 415 under the Securities Act covering the resale to the public by the holders of all of the Earnout Shares on a continuous basis (the "Earnout Registration Statement").
The per share valuation price of such ADS Stock shall be based upon the average market closing price of ADS Stock for the 20 consecutive business days ending the business day immediately prior to the First Earnout Date, as published in The Wall Street Journal, Eastern ----------------------- ------- Edition (the "First Valuation Price").
The amount of any earn-out payment shall be deemed to be finally determined as of a given Earnout Date upon the earliest of (i) Seller’s written acceptance of an Earnout Report; (ii) Seller’s failure to dispute an Earnout Report within the 30 day period set forth above; (iii) the mutual agreement of Buyer and Seller; or (iv) the Independent Accountant’s determination.