Earnout Stock definition

Earnout Stock means, (i) with respect to the First Stock Revenue Target or Second Stock Revenue Target, a number of validly issued, fully paid and non-assessable shares of Buyer Stock, equal to the quotient of $5,000,000 divided by the 360-Day VWAP (as measured as of the final day of the applicable Earnout Period) and (ii) with respect to the Third Stock Revenue Target, a number of validly issued, fully paid and non-assessable shares of Buyer Stock, equal to the quotient of $2,500,000 divided by the 360-Day VWAP (as measured as of the final day of the applicable Earnout Period).
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Earnout Stock means common stock in QSGI subject to the restrictions set forth in SEC Rule 145(d) of the 1933 Act.
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Earnout Stock has the meaning set forth in the Merger Agreement.
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Examples of Earnout Stock in a sentence

  • Following achievement of the applicable Earnout Milestone, the Representative may waive such issuance restrictions at any time with respect to all or any portion of the issuable shares; provided, that, in no event shall any Earnout Stock Consideration be issued prior to the expiration or waiver of the Rescission Right.

  • We participate in the design of the future 4-m class European Solar Telescope (EST), particularly its adaptive optics system and other instrumentation.

  • Any Earnout Stock Consideration due hereunder shall be issued to the Company Members promptly following, but in any event within 10 calendar days thereof, any date such shares are required to be issued in accordance with this Section 2.7(k).

  • One-third of the Earn-out Stock and one-third of the Earn-out Cash shall be delivered to each of the Queens.

  • At such meeting, Buyer shall cause the shareholders of QSGI to vote on the issuance of the right of QSGI to issue Earnout Stock at the Share Price.


More Definitions of Earnout Stock

Earnout Stock has the meaning set forth in Section 2.7(a)(ii).
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Earnout Stock is defined in Section 2.1.2(b).
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Earnout Stock is defined in Section 2.7.4.
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Earnout Stock shall have the meaning set forth in Section 1.7.8.
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Earnout Stock has the meaning set forth in Section 2.2(d)(vi).
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Earnout Stock means 16,500,000 shares of Acquiror Common Stock, minus the aggregate number of Company RSUs granted pursuant to Section 5.07 from the Incentive RSU Pool that are outstanding as of immediately prior to Closing.
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Earnout Stock means those shares of Merger Stock received by Stockholder subsequent to the closing of the Merger.
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