Second Earnout Period definition

Second Earnout Period means the period from and after the Closing until the second anniversary of the Closing Date.

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

Second Earnout Period means the period beginning on January 1, 2023 and ending on December 31, 2023.

Examples of Second 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.

• Any Class 3 Earnout Units that are unvested as of the end of the Second Earnout Period shall be forfeited upon the date of the expiration of the Second Earnout Period.

• Upon the occurrence of an Acceleration Event at any time prior to the end of the Second Earnout Period, then, notwithstanding anything to the contrary in this Agreement, automatically and without any further action on the part of Parent, Stockholders Representatives, or any Company Stockholder, the maximum aggregate $3 million amount of Earnout Payments, less any Earnout Payments already paid, will immediately become due and payable to the Constituents.

• 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.

• If the Revenue for the Second Earnout Period is less than $19,000,000, then Seller shall not be entitled to receive any Earnout Payment pursuant to this Section 2.4(b)(ii); provided, however, that in no event shall Purchaser be required to pay Seller an amount in excess of $4,000,000 for the Earnout Payment for the Second Earnout Period.

More Definitions of Second Earnout Period

Second Earnout Period has the meaning set forth in Section 2.5(a).

Second Earnout Period means the 24-month period following the Closing Date. “Securities Act” means the Securities Act of 1933, as amended.

Second Earnout Period means the twelve (12)-month period beginning on the one (1)-year anniversary of the Closing Date and ending on the two (2)-year anniversary of the Closing Date.

Second Earnout Period means the period beginning at 12:00 a.m. on July 1, 2019 and ending at 11:59 p.m. on June 30, 2020.”

Second Earnout Period shall have the meaning set forth in Section 1.8(b).

Second Earnout Period means calendar year 2022.

Second Earnout Period means the 180-day period commencing immediately following the expiration of the First Earnout Period.