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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 has the meaning set forth in Section 3.06(a).

Examples of Second Earnout Period in a sentence

  • 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.

  • 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.

  • 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.

  • Any shares issued that are less than the full 301,523,333 shares that may be earned during the First Earnout Period shall be added to the 310,523,333 shares that may be issued during the Second Earnout Period so long as the shortfall in gross revenue during the First Earnout Period is added to the amount of gross revenue required during the Second Earnout Period.

  • At the Closing, the Company shall establish a discretionary cash bonus plan (the “Discretionary Cash Bonus Plan”) for employees of the Company with respect to each of the First Earnout Period, the Second Earnout Period and the Third Earnout Period that provides for eligible employees who participate an annual cash bonus payment up to Two Million Dollars ($2,000,000) for each Earnout Period.


More Definitions of Second Earnout Period

Second Earnout Period means the period beginning January 1, 2021 and ending December 31, 2021.
Second Earnout Period shall have the meaning set forth in Section 4.06(a). 6 13
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. As defined in Section 2.5(a).
Second Earnout Period means the period from July 1, 2015 through June 30, 2016.
Second Earnout Period means the period beginning on January 1, 2022 and ending on the earlier of (i) December 31, 2022 and (ii) the last day of the fiscal quarter following the date on which at least one hundred percent (100%) of the Year-Two Revenue Target is met with Gross Profit Margin being above the Gross Profit Margin Threshold.