Deferred Stock Consideration definition
Examples of Deferred Stock Consideration in a sentence
Each Seller who otherwise would have been entitled to a fraction of a share of Parent Common Stock shall be entitled to receive, in lieu of such fractional share, an amount of cash (rounded to the nearest whole cent), without interest, based on the Closing Stock Price (with respect to the Initial Consideration), the Earnout Consideration Stock Price (with respect to any Earnout Consideration), or the Deferred Stock Consideration Stock Price (with respect to any Deferred Stock Consideration), as applicable.
The Deferred Stock Consideration shall be allocated among the Sellers in accordance with their respective Pro Rata Shares.
Any set-off applied to the Deferred Consideration Payment shall be applied first to the Deferred Cash Consideration portion of the relevant installment, and to the extent such Deferred Cash Consideration is insufficient, to the Deferred Stock Consideration portion.