Earnout Milestones definition

Earnout Milestones have the meaning provided on Exhibit B, attached hereto.
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Earnout Milestones. The 2007 Earnout and the 2008 Earnout (each, an “Earnout”) will be determined and payable based on achievement by the Company of certain milestones, as follows: 2007 $ 16,500,000 $ 3,000,000 $ 10,150,000 2008 $ 21,000,000 $ 4,250,000 72,540 LT Shares ** * References herein to “2007” means the 12 months following the Closing Date, and references herein to “2008” means the succeeding 12 month period. ** 36,270 times 2.
Sample 1
Earnout Milestones has the meaning given to them in Section 2.5.
Sample 1

Examples of Earnout Milestones in a sentence

  • Altria Stock Independent Named Fiduciary means Fiduciary Counselors Inc.

  • Additionally, after the Closing, subject to the terms and conditions set forth in this Agreement, the Company Holder Participants shall have the contingent right to receive Earnout Shares from Pubco as additional consideration if the applicable Earnout Milestones as set forth in Section 1.10 are satisfied.

  • The estimated value of the entire contract is $43,000,000 but the estimated value of the sole-source portion that requires Siemon is $160,000.

  • The Earnout Payment shall be delivered upon the meeting each Earnout Milestones as defined in Exhibit A.

  • In the event that the Company meets at the same measurement period the Earnout Milestones for the Third Level Contingent Sponsor Share Consideration and the Second Level Contingent Sponsor Share Consideration, then the release from the Sponsor Escrow Account will also include the Second Level Contingent Sponsor Share Consideration.

  • If in any given calendar year, the Gross Revenues are at least equal to the Earnout Milestones for the second, third, fourth or fifth subsequent calendar year and if in the first such subsequent year the Gross Revenues are at least equal to the Earnout Milestones for the second, third, fourth or fifth years, then the Earnout Shares associated with the Earnout Milestone attained in these two consecutive years shall be awarded at the close of such subsequent calendar year.

  • Certain of the Company’s stockholders are entitled to receive up to 10,000,000 Earnout Shares of the Company’s Class A common stock if the Earnout Milestones are met.

  • The Earnout Milestones represents three independent criteria, which each entitles the eligible stockholders to 3,333,333 earn- out shares per milestone met.

  • At the end of the calendar year 2001, 120,000 shares will be granted if the revenues at the end of calendar Y2001 are at least equal to the average of the Y2000's and Y2001's Earnout Milestones and an additional 120,000 shares will be granted if revenues at the end of calendar Y2001 are at least equal to Y2002's Earnout Milestone.

  • Further, the Earnout Milestones are also considered to be met if the Company undergoes a Sale.


More Definitions of Earnout Milestones

Earnout Milestones means, collectively, Earnout Milestone 1, Earnout Milestone 2 and Earnout Milestone 3.
Sample 1

Related to Earnout Milestones

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Project Milestones means the project milestones set forth in Schedule-G;

  • Development Milestone is defined in Section 5.3.

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Development Milestone Event has the meaning set forth in Section 7.2.1.

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • Milestone Events has the meaning set forth in Section 7.2.

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • Milestone Event has the meaning set forth in Section 8.2.1.

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • Milestone Payment has the meaning set forth in Section 4.2.

  • Earnout Amount has the meaning provided in Section 2.9(b).

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Performance Targets means the specific objective goal or goals (which may be cumulative and/or alternative) that are timely set in writing by the Committee for each Executive for the Performance Period in respect of any one or more of the Business Criteria.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Targets means pre-agreed values to be achieved at the end of the period in relation to the result indicators included under a specific objective;

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Milestone Notice has the meaning set forth in Section 2.4(a).

  • Earnout has the meaning set forth in Section 2.9(a).