Examples of Earnout Participants in a sentence
For avoidance of doubt, the Earn-out Participants will only be entitled to receive the Share Price Issuable Earn-out Shares once when each Share Price Earn-out Event is being triggered.
If such parties are unable to agree on the choice of an accounting firm, such accounting firm will be selected by lot from a list of nationally recognized accounting firms, after excluding the regular outside accounting firms of the Company and the Earnout Participants.
It encourages the Earn-out Participants to maintain the continuous development of the Target Group and lead the Target Group for its ongoing business growth following the De-SPAC Transaction, and assures confidence to SPAC investors for the performance of the Target Company with stable management team after the De-SPAC Transaction.
The fees and expenses of the Unrelated Accounting Firm shall be borne equally by RCE and the Escrow and Earnout Participants (and RCE shall be authorized to deduct such amount that the Escrow and Earnout Participants are responsible for from the Escrow Account after abiding by the procedures set forth therein).
Service Providers are eligible to be granted Awards under the Plan, subject to the limitations described herein; in addition, Earnout Participants are eligible to be granted Restricted Earnout Shares, subject to the limitations described herein.