Examples of First Year Period in a sentence
The applicable twelve-month gross revenue amount for any period relevant hereto shall be determined using U.S. Generally Accepted Accounting Principles and shall be delivered to Caneum within thirty days following the end of the Base Period, the First Year Period, and the Second Year Period, respectively.
The applicable twelve-month gross revenue amount for any period relevant hereto shall be determined using U.S. Generally Accepted Accounting Principles and shall be delivered to Buyer within thirty days following the end of the Base Period, the First Year Period, and the Second Year Period, respectively.
For purposes of determining the Company’s Percentile Ranking in the table below, “Total Stockholder Return” or “TSR” means, with respect to each share of Common Stock and each share of common stock of each of the peer companies, a rate of return reflecting stock price appreciation, plus the reinvestment of dividends in additional shares of stock, from the beginning of the Performance Period through the end of the First Year Period, the Performance Period, or the Shortened Performance Period, as applicable.
The applicable Absolute TSR Multiplier shall be as set forth in the table in Section 2.2(b) below (with straight line interpolation for achievement between the Company Annualized TSR or TSR for First Year Period, as applicable (above 5%), set forth below), based on the Company’s Total Stockholder Return during the First Year Period or annualized Total Stockholder Return over the Performance Period or the Shortened Performance Period, as applicable.
The Merger Consideration shall be payable to the Shareholder as follows: (1) 62,500 Parent Shares on the Closing Date; (2) if the Surviving Corporation generates Gross Revenues of at least $350,000 (the "First Year Base") during the twelve (12) months following the Closing Date (the "First Year Period"), then the Shareholder shall receive .17857 additional Parent Shares for each $1 of Gross Revenues generated above the First Year Base during the First Year Period (the "First Year Shares").
The Parent ---------------------------------------------------- Shares issued to the Shareholders as part of the Merger Consideration shall be reduced for the First Year Period, the Second Year Period, and/or the Third Year Period, as applicable, by such number as is calculated by application of the following formula: (PCI/ HTP) + SO = DPS PCI = Parent Capital Investment HTP = The Highest Average Trading Price.
If the First Year Achieved Revenue is: (i) less than the First Year Target Revenue, and (ii) less than the Minimum Gross Margin, then the Earnout Payment for the First Year Period shall be equal to zero.
If the Company terminates this Agreement under Section 7(a) above during the First Year, the Company will pay to Employee an amount equal to the remaining base salary as established in Section 5.1 during the First Year payable over the remaining First Year Period in accordance with the Company's normal payroll policies.
The subsequent payment corresponding to the First Year Period (the “First Earnout Payment”) shall be the First Earnout Payment for the First Year Period, provided that the First Year Achieved Revenue is greater than or equal to the First Year Target Revenue and First Year Target Minimum Gross Margin.
As ------------------------------------------------------- additional Merger Consideration, the Shareholder shall also be entitled to receive additional Parent Shares (the "Additional Parent Shares") if the average Closing Price of the Parent's common stock for the 20 Trading Days immediately preceding the last calendar day of any of First Year Period, Second Year Period or Third Year Periods (the "Trading Price") is below $5.00 per share.