Initial Earnout Consideration definition

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.
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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.
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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.
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Examples of Initial Earnout Consideration in a sentence

  • The Purchaser shall pay to Securityholders eighty percent (80%) of the Initial Earnout Consideration and eighty percent (80%) of the Additional Earnout Consideration.

  • The Raw Initial Earn-out Consideration and the Raw Additional Earn-out Consideration, if any, shall be inserted into the following formula to calculate the "Earn-out Consideration," which shall not exceed $25,110,089.41: A = Raw Initial Earn-out Consideration B = Raw Additional Earn-out Consideration C = Earn-out Consideration C = [[**]]- $[**]; provided that C shall not be less than zero.

  • At such time, subject to Section 2.5(b), Buyer shall deliver instructions to its transfer agent to transfer from Buyer to each of the Owners, a number of shares of Buyer Common Stock equal to their respective Pro-Rata Portion of the Initial Earnout Consideration rounded down to the nearest whole share.

  • 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).
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Initial Earnout Consideration has the meaning set forth in Section 2.9(a).
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