Common use of Earnout Period Clause in Contracts

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.

Appears in 2 contracts

Sources: Intellectual Property Acquisition and Management Transition Agreement (NaturalShrimp Inc), Intellectual Property Acquisition and Management Transition Agreement (NaturalShrimp Inc)