Earnout RSUs definition

Earnout RSUs has the meaning specified in Section 3.4.

Earnout RSUs means the restricted stock units of South Mountain denominated in a number of shares of New Billtrust Class 1 Common Stock that may be issued to Billtrust securityholders in lieu of Earnout Shares if certain share prices of New Billtrust Class 1 Common Stock are achieved and other conditions are satisfied.

Earnout RSUs means the restricted stock units of Acquiror Common Stock that may be issued pursuant to Section 3.4.

Examples of Earnout RSUs in a sentence

• In connection with the business combination, the reporting person received additional New SAB Biotherapeutics restricted stock units, or RSUs, where each RSU represents a contingent right to receive one share of common stock (the "Earnout RSUs").

• The portion of such Holdings Common Shares A issuable to Eligible Swvl Equityholders who hold Swvl Options will instead be issued to such holders as Earnout RSUs at the Company Merger Effective Time, which will be subject to potential forfeiture and which will be able to be settled in Holdings Common Shares A upon the occurrence of the applicable Earnout Triggering Events (or earlier Change of Control).

• A holder of a $12.50 Unvested Converted Option shall only be granted $12.50 Earnout RSUs if such holder remains in continuous service to Billtrust or its successor as of the $12.50 Share Price Milestone Date and the applicable grant date.

• A holder of a $15.00 Unvested Converted Option shall only be granted $15.00 Earnout RSUs if such holder remains in continuous service to Billtrust or its successor as of the $15.00 Share Price Milestone Date and the applicable grant date.

• Such $15.00 Earnout RSUs shall vest in equal amounts (or as close as possible, with any excess shares vesting on the last vesting date) over the remaining vesting events of the applicable $15.00 Unvested Converted Option and shall be subject to the same vesting conditions as applied to the applicable $15.00 Unvested Converted Option.

More Definitions of Earnout RSUs

Earnout RSUs has the meaning set forth in Section 2.7(b).

Earnout RSUs means the restricted stock units of SMMC denominated in a number of shares of SMMC Class A Common Stock that may be issued pursuant to Section 3.07 and Annex I.

Earnout RSUs has the meaning set forth in the SCS Merger Agreement.

Earnout RSUs means the restricted stock units of South Mountain denominated in a number of shares of Common Stock that may be issued to Legacy Billtrust stockholders in lieu of Earnout Shares if certain share prices of the Common Stock are achieved and other conditions are satisfied;

Earnout RSUs means an award of restricted stock units issued under and pursuant to the Equity Incentive Plan to (a) a Company Optionholder who holds an Unvested Exchanged Option, in lieu of issuing to such Company Optionholder the Earnout Pro Rata Portion of the Earnout Shares with respect to such Unvested Exchange Option in accordance with Section 3.6(c) or (b) a holder of Company RSUs who holds an Unvested Exchanged RSU, such issuance being in lieu of issuing to such holder of Company RSUs the Earnout Pro Rata Portion of the Earnout Shares with respect to such Unvested Exchanged RSU in accordance with Section 3.6(c).”

Earnout RSUs means the Restricted Stock Units awarded as provided by Section 3.09 of the Merger Agreement.

Earnout RSUs means a restricted stock unit in respect of one share of Newco Class A Common Stock issued in accordance with Section 4.11(e).