Earnout Period Sample Clauses
The Earnout Period clause defines the specific timeframe during which the performance of a business or asset is measured to determine if additional contingent payments (earnouts) are owed to the seller after a transaction. Typically, this period spans one to three years post-closing, during which financial metrics such as revenue or EBITDA are tracked and compared against agreed-upon targets. By clearly establishing the duration for earnout calculations, this clause ensures both parties understand when and how earnout obligations are assessed, reducing disputes and providing a structured mechanism for post-closing compensation.
POPULAR SAMPLE Copied 1 times
Earnout Period. 2.1 Pursuant to the terms of the Contract, Seller shall have thirty-six (36) months following the Closing (the “Earnout Period”) to earn the Unfunded Purchase Price (as defined by the Contract) following the Closing. During the Earnout Period, Seller and its authorized agents will be given access to the Property in order to complete all construction, leasing, maintenance, alterations, and installations related to any earnouts (the “Earnout Activities”).
Earnout Period. The milestone rights shall remain eligible to be earned until the fourth anniversary of the License Effective Closing. Any milestone substantially completed before the fourth anniversary shall be deemed timely achieved if final certification occurs within ninety (90) days after such fourth anniversary.
Earnout Period. The period for which the Earnout Payment shall be calculated is the twelve-month period commencing on September 1, 1999 and ending August 31, 2000 (the "Earnout Period").
Earnout Period. The Earnout Period shall be the three (3) year period commencing on the Closing.
Earnout Period. Within 15 days following the expiration of the period commencing on January 1, 2010 and ending on December 31, 2010 unless the Closing has not occurred by January 1, 2010, in which case the period shall commence on the Closing Date and end 12 months following the Closing Date (as applicable, the “Earnout Period”), Parent shall (i) deliver a statement (the “Earnout Statement”) to the Representatives containing Parent’s calculation of the Earnout Consideration (the “Preliminary Earnout Consideration”). Parent shall permit the Representatives and their accountants to review promptly upon reasonable request, on-site or otherwise, during normal business hours as mutually agreed, all records, work papers and other information prepared or used by Parent in connection with the preparation of the Earnout Statement. The Representatives shall have up to 15 Business Days after receipt of the Earnout Statement and all requested records, work papers and other information prepared or used by Parent in connection with the preparation of the Earnout Statement to dispute any or all amounts or elements of such Earnout Statement pursuant to Schedule 5.10(e).
Earnout Period. The Earnout Period spans three years past the Closing Date, with the first term starting the month after the Closing Date. “Earnout Term 1” will be the 12 months following the Closing Date. “Earnout Term 2” will be the period of 13-24 months following the Closing Date. “Earnout Term 3” will be the period of 25-36 months following the Closing Date. During each period, performance metrics will be assessed. For the avoidance of doubt, the first month of the Earnout Term 1 will start the month after the Closing Date. For example, if the transaction closes on April 17, Earnout Term 1 would start on May 1.
Earnout Period. For any Referred Customer, the Affiliate is entitled to a commission on any Qualifying Revenue received from that Referred Customer for X month from the date of introduction of that Referred Customer, including where those purchases are made after the termination of this agreement, unless this agreement is terminated for cause. This term will be taken to apply to all Qualifying Revenue unless any further entitlement to commission continuing past this time is specified elsewhere in this agreement.
Earnout Period. Silvercrest covenants that from the Closing Date through the end of the Earnout Period, Silvercrest shall: (i) continue to conduct the Business in all material respects consistent with the manner in which the Business was conducted by Seller prior to the Closing Date; (ii) not take any action that is primarily intended to adversely impact the ordinary course operations of the Business; and (iii) not take any action or enter into any transaction that is primarily intended to adversely affect any of the Earnout Payments.
Earnout Period ss.2.2(a) 44. Environmental Documents....................
Earnout Period. “Earnout Period” shall have the meaning set forth in Section 2.6 of this Agreement.