Examples of Earnout Schedule in a sentence
He was asked,for example, whether he had considered the educational differences between the professions and the length of training required.
The number of Performance Shares earned by the Participant (which shall include any additional Performance Shares credited to the Participant’s account pursuant to Section 6) shall be calculated based on the Performance Earnout Schedule table set forth in Exhibit B.
Any Earnout Shares that may be earned by Seller during the Earnout Period will be issued by Parent to Seller in the manner prescribed in the Earnout Schedule.
The number of PEP units earned under the Award shall be determined according to attainment of the Performance Objectives and Performance Earnout Schedule specified in the Term Sheet.
As described in Section 5, such additional Performance Shares shall be included in the total number of Performance Shares credited to the Participant’s account for purposes of applying the Performance Earnout Schedule.
The right to receive the Earnout Payments: (i) shall not be evidenced by certificate or other instrument, (ii) shall not be assignable or otherwise transferrable, except by operation of law or pursuant to an Order or as otherwise set forth in this Agreement, (iii) shall not accrue or pay interest on any portion thereof, and (iv) does not represent any right other than the right to receive the considerations set forth in the Earnout Schedule.
The resulting Earnout Schedule and the resulting Revenues Earnout Amount shall become final and binding on the parties hereto on the date the Independent Accountants deliver a final resolution in writing to the Buyer and the Shareholder Representative (which final resolution shall be requested by the parties to be delivered not more than thirty (30) calendar days following submission of such disputed matters).
If the Buyer and the Seller are unable to resolve their disagreement with regard to such Earnout Schedule within 30 days after delivery of the applicable Earnout Objection Notice, then the parties shall engage the Accounting Firm to resolve the issue(s) in dispute.
Concurrently with the delivery of the Earnout Income Statement and the Earnout Schedule for the applicable Earnout Period, Buyer shall pay the amount of any Earnout Payment shown as due thereon to Seller by wire transfer of immediately available funds to an account designated in writing by Seller.
Concurrently with DTS’s delivery of each Earnout Schedule, DTS shall deliver to the Stockholder Representative, on behalf of the Stockholders, the DTS Common Stock owed to the Stockholders, if any, for redelivery to the Stockholders pro rata in accordance with the Company Ownership Percentages.