Common use of Earn-Out Amount Clause in Contracts

Earn-Out Amount. (a) In the event that the Earn-Out Baseline has been satisfied during the Earn-Out Period for the first three (3) years from the date hereof, Buyer shall separately pay to each of Kristara and B▇▇▇▇▇, an amount equal to (i) 7.29125% of the percentage of the amount in excess of the Earn-Out-Baseline attributable to Non-Solar Sales when compared to Total Sales (i.e. Non-Solar Sales divided by Total Sales), and (ii) 5.833% of the percentage of the amount in excess of the Earn-Out Baseline attributable to Solar Sales when compared to Total Sales (i.e. Solar Sales divided by Total Sales). (b) In the event that the Earn-Out Baseline has been satisfied during the Earn-Out Period for any of the years four (4) through five (5) from the date hereof, Buyer shall separately pay to each of Kristara and B▇▇▇▇▇, an amount equal to 5.833% of the percentage of the amount in excess of the Earn-Out Baseline attributable to Solar Sales when compared to Total Sales (i.e. Solar Sales divided by Total Sales). (c) In the event that the Earn-Out Baseline has been satisfied during the Earn-Out Period for any of the years six (6) through ten (10) from the date hereof, Buyer shall separately pay to each of Kristara and B▇▇▇▇▇, an amount equal to 5.833% of the percentage of the amount in excess of the Earn-Out Baseline attributable to PPA Sales when compared to Total Sales (i.