Initial Earnout Consideration means up to Three Hundred Fifty Thousand and 00/100 Dollars ($350,000.00), payable as follows: (i) Seventy-Five Thousand and 00/100 Dollars ($75,000.00) payable in the form of cash, and (ii) (A) the number of shares of Buyer Common Stock equal to Two Hundred Seventy-Five Thousand and 00/100 Dollars, divided by (B) the Earnout Share Price, rounded up to the nearest whole number of shares.
Initial Earnout Consideration means an amount equal to (i) 2.75 multiplied by (ii) the amount (if any) by which the Net Revenue of the Initial Earnout Period exceeds $6,058,762.00. For clarity, the Initial Earnout Consideration can never be a negative number.
Initial Earnout Consideration means up to Five Million Seven Hundred Fifty Thousand and 00/100 Dollars ($5,750,000.00), payable as follows: (i) Two Million Eight Hundred Seventy-Five Thousand and 00/100 Dollars ($2,875,000.00) payable in the form of cash, and (ii) (A) the number of shares of Buyer Common Stock equal to Two Million Eight Hundred Seventy-Five Thousand and 00/100 Dollars ($2,875,000.00), divided by (B) the Earnout Share Price, rounded up to the nearest whole number of shares.
Examples of Initial Earnout Consideration in a sentence
Such registration statement will be filed no later than 30 days following the date of payment of the Initial Earnout Consideration and will be amended within 30 days following the issuance of any Subsequent Earnout Consideration.
More Definitions of Initial Earnout Consideration
Initial Earnout Consideration means an amount equal to Three Million Dollars ($3,000,000).
Initial Earnout Consideration means an amount not to exceed One Million and 00/100 Dollars ($1,000,000.00), subject to adjustment as more specifically set forth hereinbelow, payable as follows: (i) Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) payable in the form of cash, and (ii) (A) the number of shares of Buyer Common Stock equal to Seven Hundred Fifty Thousand and 00/100 Dollars ($750,000.00), divided by (B) the Initial Earnout Share Price, rounded up to the nearest whole number of shares.
Initial Earnout Consideration has the meaning set forth in Section 2.9(a).