Earnout Period definition

Earnout Period has the meaning set forth in Section 2.5(a)(iii).
Earnout Period means the time period between the Closing Date and the five-year anniversary of the Closing Date.
Earnout Period means the First Earnout Period and the Second Earnout Period.

Examples of Earnout Period in a sentence

  • Upon the consummation of any Change in Control during the Earnout Period, other than as set forth in Section 4, Parent shall have no further obligations pursuant to this Section 3(d).

  • Participant agrees that this Agreement and the receipt of this Incentive Award are conditioned upon Participant not disclosing the terms of this Agreement or the receipt of the Incentive Award to anyone other than Participant’s spouse, confidential financial advisor, or senior management of the Company prior to end of the Earnout Period.

  • Participant’s right to receive an Incentive Award is forfeited if Participant’s employment or service with the Company and its Subsidiaries terminates during the Earnout Period for any reason other than on account of Participant’s death or becoming Permanently and Totally Disabled or as set forth in Paragraph 6 below.

  • In order to receive the Earnout Shares, during the Earnout Period, both: ● the closing price of the Company’s common stock has to be equal to or greater than $15.00 per share for any 20 trading days within any 30 trading day period; and ● the Company must receive positive data from (i) its first Phase 3 trial in Acute Schizophrenia and (ii) either a Phase 2 clinical trial in pulmonary arterial hypertension or idiopathic pulmonary fibrosis.

  • Any portion of the Unfunded Purchase Price which remains unfunded as of the expiration of the Earnout Period shall then be deemed to be forfeited by Seller without any further act by Purchaser and shall be forever released from all obligations to fund any portion of the Unfunded Purchase Price thereafter.


More Definitions of Earnout Period

Earnout Period has the meaning specified in Section 3.4.
Earnout Period means the First Earnout Period, the Second Earnout Period and the Third Earnout Period, as applicable.
Earnout Period means the three year period from January 1, 2010 through December 31, 2012 (“Earnout Period”).
Earnout Period shall have the meaning given to such term in Section 2.7.
Earnout Period is the period commencing five (5) months after the Closing Date and ending on the fifth (5th) anniversary of the Closing Date.
Earnout Period means the twelve-month period commencing on first day of the first calendar month commencing after the Closing Date (e.g. if the Closing Date is January 15, 2013, the Earnout Period would begin on February 1, 2013 and end on January 31, 2014).
Earnout Period shall have the meaning set forth in Section 1.5(a).