Definition of 2015 Earnout Amount


2015 Earnout Amount means (a) the amount of any Milestone Payments earned based upon 2015 Combined MIS Revenue plus (b) the amount of any Milestone Payments that would have been due with respect to fiscal year 2014 if the corresponding percentage of the 2015 Combined MIS Revenue Target had been achieved in fiscal year 2014 minus (c) the amount of any 2014 Earnout Amount previously paid to the Stockholders.


2015 Earnout Amount means an amount (not to be less than zero) equal to the lesser of:

2015 Earnout Amount means an amount equal to (x) $28,000,000 multiplied by (y) the Earnout Coefficient for the 2015 Earnout Period.

Examples of 2015 Earnout Amount in a sentence

In accordance with the Earnout Provisions, following each of June 30, 2015, June 30, 2016 and June 30, 2017, each Holder shall be entitled to receive such Holder’s Pro Rata Percentage of the 2015 Earnout Amount, the 2016 EarnoutAmount and the 2017 Earnout Amount, in each case to the extent payable in accordance with the provisions of Annex A (the “Earnout Provisions”).



More definitions of 2015 Earnout Amount

2015 Earnout Amount means, if the 2015 Earnout Revenue is $12,000,000 or greater, an amount (not to be less than zero) equal to (a) $2,000,000, reduced by (b) any Losses for which it is determined pursuant to Article 10 or Article 11 hereof that a Buyer Indemnified Party is entitled to indemnification and which Losses have not previously been satisfied from the Buyer Indemnification Amount or otherwise at the time of the payment of the 2015 Earnout Amount.