Earnout Year definition

Earnout Year means, in respect of Buyer, each of the fiscal years ended December 31, 2016, December 31, 2017, December 31, 2018, December 31, 2019 and December 31, 2020.

Earnout Year shall have the meaning set forth in Section 2.8(a).

Earnout Year means, as the case may be, EY 2011, EY 2012, EY 2013 or EY 2014.

Examples of Earnout Year in a sentence

• In respect of each Initial Earnout Year, Sellers shall irrevocably release or cause the irrevocable release of 25% of the Pledge Shares immediately upon (i) if any Buyer Earnout Payment for such Initial Earnout Year is payable pursuant to this Exhibit A, receipt by the Sellers’ Representative of such Buyer Earnout Payment; and (ii) otherwise, determination of the amount of the applicable Net Profit for such Initial Earnout Year pursuant to Section 5.

• As promptly as practicable, but no later than 120 days after the last day of each Initial Earnout Year or the Extended Earnout Year during the Earnout Period, as applicable, Buyer will cause to be prepared and delivered to Sellers’ Representative a written statement (the “Earnout Notice”) setting forth in reasonable detail its determination of the Net Profit for the applicable Initial Earnout Year or the Extended Earnout Year, as applicable.

• Sellers shall ensure that the Net Profit for each Initial Earnout Year and each Extended Earnout Year calculated pursuant to the then effective IFRS is a positive figure.

• No later than ninety (90) days after the end of each Earnout Year, Buyers shall deliver to Sellers a copy Buyers’ calculation of (i) the Actual Revenue for such Earnout Year and (ii) any Earnout Payment due to Sellers for such Earnout Year (collectively, the “Earnout Statement”).

• The Parent and the Seller shall cause the NAJV Board to provide each of the Parent and the Seller, no later than 90 days after the end of each Earnout Year, a report (an “Accounting Report”) setting forth in reasonable detail, along with all applicable worksheets, the NAJV Board’s computation of the EBITDA for such Earnout Year.

More Definitions of Earnout Year

Earnout Year means each fiscal year of the NAJV included within the Earnout Period. For the avoidance of doubt, the first Earnout Year ends December 31, 2013.

Earnout Year means each of Year 1, Year 2 and Year 3-4.

Earnout Year means, for purposes of Section 2.6, (a) for the first year, the remaining portion of calendar year 2015 beginning on the first day after the Closing Date and ending on December 31, 2015, and (b) thereafter, each full calendar year beginning with calendar year 2016 and ending with calendar year 2028.

Earnout Year means each calendar year between 2027 and 2052.

Earnout Year means the twelve month period ending on the date that is five (5) years from the Closing Date.

Earnout Year means each of the twelve months periods commencing on June 1 of the Earnout Period.

Earnout Year means a 365-day period (or 366 days in case the period includes a February 29) beginning on the Effective Date, and ending on each subsequent anniversary thereof during the Term of this Agreement.