Eight Quarter Period definition
Examples of Eight Quarter Period in a sentence
Within 30 days following the end of the eighth full fiscal quarter immediately following the Initial Public Offering (such eight-quarter period is referred to herein as the "Eight Quarter Period"), the Company agrees to issue to the Shareholders a certain number of shares of Common Stock.
Such certain number of shares of Common Stock to be issued shall be calculated by dividing $1,400,000 by the Initial Public Offering price per share (adjusted for stock splits, if any), provided that the average monthly revenues of the Business Contribution Member for the Eight Quarter Period were at least $200,000.
If the average monthly revenues of the Business Contribution Member for the Eight Quarter Period were less than $200,000, the Company shall issue to the Shareholders a certain number of shares of Common Stock.
Such certain number of shares of Common Stock to be issued shall be calculated by dividing $1,400,000 by the Initial Public Offering price per share (adjusted for stock splits, if any), and then multiplying this amount by the following fraction: the average monthly revenues of the Business Contribution Member for the Eight Quarter Period divided by $200,000.