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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

  • On or before the fifth Business Day following the determination of the Final Earnout Statement with respect to the third Earnout Year, Buyer shall pay to Seller an amount equal to $1,000,000 if the Earnout Aggregate Ratio reflected on such Final Earnout Statement is not less than 1.25.

  • On or before April 15th of the calendar year following the applicable Earnout Year, Buyer shall provide Appointed Agent with an unaudited income statement of Buyer with respect to such applicable Earnout Year, together with a calculation of the Earnout Actual Net Sales, Earnout Actual Gross Profit, Earnout Actual Factor, Earnout Annual Ratio for such applicable Earnout Year and, in the case of the third Earnout Year, the Earnout Aggregate Ratio (the “Preliminary Earnout Statement”).

  • On or before April 15th of the calendar year following the applicable Earnout Year, Buyer shall provide Appointed Agent with an unaudited income statement of Buyer with respect to such Earnout Year, together with a calculation of the Earnout Actual Gross Sales, Earnout Actual Gross Profit and Earnout Payment Ratio for such Earnout Year (the “Preliminary Earnout Statement”).

  • Each Earn-out Payment shall be paid by or on behalf of Purchaser in immediately available funds by wire transfer to an account of the Sellers with a bank designated by the Sellers, by notice to Purchaser, which notice shall be delivered not later than two Business Days following the determination of Final Cobalt Revenue for a given Earn-out Year (or if not so designated, then by certified or official bank check payable in immediately available funds to the order of Seller in such amount).

  • If the Sellers disagree with Purchaser’s calculation of Cobalt Revenue for such Earn-out Year, the Sellers may, within 30 days after delivery of the Earn-out Certificate, deliver a notice to Purchaser disagreeing with such calculation.


More Definitions of Earnout Year

Earnout Year means each of the twelve months periods commencing on June 1 of the Earnout Period.
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 the twelve month period ending on the date that is five (5) years from the Closing Date.
Earnout Year means any of Earnout Year One, Earnout Year Two, Earnout Year Three, Earnout Year Four or Earnout Year Five.
Earnout Year means each of Year 1, Year 2 and Year 3-4.
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 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.