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

• The Earnout RSUs shall be issued pursuant to awards agreements substantially in the form attached hereto as Exhibit H (the “Form of Earnout RSU Award Agreement”).

• The Earnout RSUs shall vest upon the achievement of multiple strategic and operational thresholds of the OmniLit Common Stock following the Closing as determined by the Board as Directors in its discretion (the “Earnout Period”).

• All Earnout RSUs to be issued hereunder shall be issued under and pursuant to the terms of the Equity Incentive Plan and shall cover a number of shares in addition to, and will not otherwise reduce or decrease, the share reserve approved for all other awards under Section 7.10 under such Equity Incentive Plan.

• In the event that any member of the Plus Products Management ceases to be engaged as a full or part-time employee or consultant by, or ceases to provide services to, the Plus Group up to the Closing Date or will not be engaged as a full or part-time employee or consultant by the Purchaser on the Closing Date, their allotment of Purchaser Incentive RSUs and Purchaser Earnout RSUs shall be distributed to the remaining members of the Plus Products Management, pro rata, as applicable.

• The Purchaser Earnout RSUs and the Purchaser Incentive RSUs shall be awarded and delivered to the Company on the Closing Date in connection with Closing, and each will be distributed to the Plus Products Management pro rata based on the number of Existing Company Securities owned by each of the members of the Plus Products Management, subject to the terms of such Purchaser Earnout RSUs and Purchaser Incentive RSUs as set forth under the Acquisition Agreement.

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

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).

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

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

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).”