First Earnout Period definition

First Earnout Period means the period from and after the Closing until the first anniversary of the Closing Date.

First Earnout Period means the twelve (12)-month period beginning on the first day of the first full month following the Closing and ending on the last day of the twelfth full month following the Closing.

First Earnout Period means fiscal year 2025, commencing January 1, 2025 and ending December 31, 2025.

Examples of First Earnout Period in a sentence

• In the event that any First Sponsor Earnout Shares are still held in escrow at the end of the First Earnout Period, or any Second Sponsor Earnout Shares are still held in escrow at the end of the Second Earnout Period, those Sponsor Earnout Shares will automatically and without further action by Sponsor be forfeited and delivered by the Escrow Agent to Parent for cancellation by Parent.

• For purposes of illustration only, if an Acceleration Event occurs in the First Earnout Period, then the $3 million maximum earnout amount, less any amounts already paid in the First Earnout Period will be accelerated and payable by the Parent to the Constituents.

• Any Class 1 Earnout Units or Class 2 Earnout Units that are not converted to Common Units as set forth in Sections 3.14(a)(i)-(ii) above, shall be automatically and immediately forfeited and cancelled upon the date of the expiration of the First Earnout Period.

• The Future Earnout Amount for the First Earnout Period shall be equal to (i) the Maximum Earnout Payment for the first Earnout Period less (ii) the First Earnout Period Subsequent Earnout Payment less (iii) the First Period Second Year Payment less (iv) the First Period Third Year Payment, unless such amount is less than zero, in which case the Future Earnout Amount for the First Earnout Period shall be equal to zero.

• By way of example, if gross revenue during the First Earnout Period is $1,200,000, then the gross revenue requirement during the Second Earnout Period shall be $1,800,000.

More Definitions of First Earnout Period

First Earnout Period has the meaning set forth in Section 3.4(a).

First Earnout Period means the 12-month period following the Closing Date.

First Earnout Period means the twelve (12)-month period beginning on the Closing Date and ending on the one (1)-year anniversary of the Closing Date.”

First Earnout Period means the 12 month period commencing on the Closing Date.

First Earnout Period means the calendar year beginning January 1, 2006 and ending December 31, 2006.

First Earnout Period means calendar year 2021.

First Earnout Period means the 180-day period commencing immediately following the Closing Date.