Examples of Earnout Targets in a sentence
During the Earnout Period, the Purchaser shall, in good faith, conduct the business of the Company Group in the Ordinary Course of Business and not in a manner intended or reasonably likely to reduce or avoid the achievement of the Earnout Targets.
Furthermore, subject to the satisfaction of the Common Stock Earnout Targets and without the payment of any consideration other than the principal amount of this Note converted in accordance with the terms hereof, the Holder will have the right to receive the Additional Offeror Shares described in Annex 2 to the Deed of Undertaking.
The Selling Shareholder will receive the maximum number of Offeror Shares if all three (3) Common Stock Earnout Targets are met.
The Parties further acknowledge and agree that other costs during the Earnout Period shall be based on operations of the Company Group as if the Company Group continued to maintain operations solely within Texas (e.g., costs associated with expansion of the Company Group’s affinity programs outside of Texas shall be excluded from any calculations of the Earnout Targets).
During the Interim Period, Parent and Adenyo will agree to a series of operating parameters which are intended to permit the achievement of the Earn-out Targets.