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)-months period commencing on the first anniversary of the Closing.

Second Earnout Period shall have the meaning set forth in Section 4.06(a). 6 13

Examples of Second Earnout Period in a sentence

• The Sellers shall be entitled to (x) a payment of $5,000,000 (the "First Earnout Amount") from Purchaser in the event that Adjusted EBITDA for the First Earnout Period is equal to or in excess of $15,000,000 (the "EBITDA Minimum"), and (y) a payment of $5,000,000 (the "Second Earnout Amount", and together with the First Earnout Amount, if any, collectively the "Earnout Payment") from Purchaser in the event that Adjusted EBITDA for the Second Earnout Period is equal to or in excess of the EBITDA Minimum.

• In the event of the termination of a Stockholder’s Employment with the Buyer or its Affiliate at any time during the Second Earnout Period because of a Not With Cause Termination by Buyer, then, notwithstanding anything to the contrary, the Seller shall be entitled to receive the Potential Maximum Annual Earnout for the Second Earnout Period; provided, however, that the timing of payment of such shall be as follows: within fifteen (15) Business Days following the end of the Second Earnout Period.

• Within thirty (30) days following the end of each of the First Earn-out Period and the Second Earn-out Period, Buyer shall prepare and deliver to Seller a written statement (in each case, an “Earn-out Statement”) setting forth in reasonable detail its determination of EBITDA for the applicable Earn-out Period and the calculation of the resulting Earn-out Payment Amount, if any, in accordance with Section 2(b).

More Definitions of Second Earnout Period

Second Earnout Period means the period commencing on the first day following the completion of the Initial Earnout Period and continuing thereafter for a period of one year.

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

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 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 1.11(c)(ii).

Second Earnout Period means the 12 month period immediately following the First Earnout Period.

Second Earnout Period is defined in Section 2.9(a)(ii).