Annual Earnout Period definition

Annual Earnout Period means each of the following three periods: (i) January 1, 2008 through and including December 31, 2008, (ii) January 1, 2009 through and including December 31, 2009 and (iii) January 1, 2010 through and including December 31, 2010.
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Annual Earnout Period has the meaning set forth in Section 6.2.1.
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Annual Earnout Period means each of the calendar years 2013 and 2014.
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Examples of Annual Earnout Period in a sentence

  • Subject to and upon the terms and conditions of this Agreement, on each Earnout Payment Date, Parent shall pay to MHRx as additional Merger Consideration the Annual Earnout Amount due with respect to the immediately preceding Annual Earnout Period.

  • In connection with the delivery of the Annual Earnout Financials and Annual Earnout Statement relating to the final Annual Earnout Period (i.e., January 1, 2010 through December 31, 2010), Parent shall also include as part of such Annual Earnout Statement, a reasonably detailed calculation of the TRICARE Amount calculated in good faith and in accordance with the terms of this Agreement.

  • Notwithstanding the foregoing, Parent may, in its sole discretion, elect to pay to MHRx an Annual Earnout Amount (or a portion thereof) despite the Annual EBITDA (or, for the Annual Earnout Period ending December 31, 2010, the Annual EBITDA plus the TRICARE Amount) being less than the EBITDA Threshold for such Annual Earnout Period.

  • Any Earn-out due shall be payable in cash within thirty (30) days after the last day of the Annual Earn-out Period.

  • Any Earn-out due shall be payable within ninety(90) days after the last day of the Annual Earn-out Period and shall be payable, at the option of Buyer, in cash or in voting common stock (NASDAQ-WORK) of the Buyer (any such common stock the "Earn-out Stock").

  • Subject to Section 16.6.3, within fifteen (15) Business Days following the Annual Earnout Final Determination Date corresponding to each Annual Earnout Period, Buyer shall pay to BP Products the Annual Earnout Amount due to BP Products, if any, with respect to such Annual Earnout Period; provided, however, that in no event shall the total Annual Earnout Amounts paid to BP Products exceed the Maximum Earnout Amount.

  • The Annual Earnout Amount for the second Annual Earnout Period shall be an amount equal to the Gross Margin for such Annual Earnout Period multiplied by forty-five percent (45%); provided, that in no event will the Annual Earnout Amount for the second Annual Earnout Period exceed an amount equal to (x) $4,300,000 less (y) the Annual Earnout Amount for the first Annual Earnout Period multiplied by one hundred ten percent (110%).

  • Any Earn-out due shall be payable in cash by wire transfer within thirty (30) days after the last day of the Annual Earn-out Period and shall be payable to the Stockholders in proportion to their respective holdings of Stock as set forth on Schedule 1.2.

  • The term shall end on the earlier of (a) the sixth (6th) anniversary of the commencement of the first Annual Earnout Period, as defined below, and (b) the date the total cumulative Annual Earnout Amounts, as defined below, paid by Buyer to BP Products equal the Maximum Earnout Amount (the “Term”).

  • Any Earn-out due shall be payable in cash by March 31 of the year following the Annual Earn-out Period for which an Earn-out is due ("Earn-out Payment Date"), such that the first Earn-out, if any, would be payable March 31, 1999, and the last Earn-out, if any, would be payable March 31, 2002.

Related to Annual Earnout Period

  • Earnout Period has the meaning set forth in Section 2.5(a)(iii).

  • Earn-Out Period has the meaning set forth in Section 2.6.1.

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Run-Out Period means a period after the close of a Plan Year or other period during which Participants in a flexible spending arrangement (FSA) may request reimbursement for expenses incurred during the Period of Coverage.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Term Year means a 12-month period beginning on the first day of the Term and each successive 12-month period thereafter.

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Bonus Period means the period for which a Bonus is payable. Unless otherwise specified by the Board, the Bonus Period shall be the fiscal year of the Company.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Budget Period means the fiscal period for which a budget is prepared.

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Three-Month Term SOFR means the rate for Term SOFR for a tenor of three months that is published by the Term SOFR Administrator at the Reference Time for any Floating Interest Period, as determined by the Calculation Agent after giving effect to the Three-Month Term SOFR Conventions.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).