Earnout Measurement Period definition
Examples of Earnout Measurement Period in a sentence
The Statement of Revenue, as determined by Parent (if not disputed), or as modified (if at all) by agreement of Parent and the Stockholders’ Representative or by decision of the Reviewing Accountant, shall be referred to herein as the “Final Statement of Revenue” for each respective Earnout Measurement Period.
If Seller fails to deliver an Earnout Objections Statement within such forty-five (45) day period, then the calculation of EBITDA during the Earnout Period or the Earnout Measurement Period, as applicable, the Inventory Reserve Shortfall Amount and the resulting Earnout Amount set forth in the Earnout Report shall become final, binding and non-appealable on all Parties and the Earnout Amount set forth therein shall be the final Earnout Amount.
The Year One and Year Two Compliance Costs shall be calculated based on the categories of expenses set forth in Attachment 1.4(d) to this Agreement as the costs actually incurred by Acquirors minus (a) for the Earnout Measurement Period an amount equal to $188,667, and (b) for the Supplement Earn Out Period an amount equal to $196,759.
Within ninety (90) days after the end of the Earnout Measurement Period, Buyer shall prepare and deliver to Seller a report (the “Earnout Report”) containing the Earnout Financial Statements and a reasonably detailed calculation of the resulting Earnout Amount.
For the avoidance of doubt, in the event the Annual Gross Margin for any Earnout Measurement Period does not exceed the Earnout Threshold then such deficit shall not be carried over to any subsequent Earnout Measurement Period.