Examples of Earn-Out Payment in a sentence
The final criticism of the claimants’ disclosure upheld by the judge concerned the withholding of the final instalment of the first Earn-Out Payment.
Moreover, PHI’s payment obligation arises five days after “the date upon which the determination of the Earn-Out Payment .
The Earn-Out Award Agreement made clear that “[i]f [Plaintiff’s employment end[ed] for any reason prior to the Earn-Out Payment Date, [Plaintiff would] immediately forfeit any right or entitlement to the Earn-Out Award or payment in receipt of [his] Earn-Out Units.” (Earn-Out Award Agreement § A).
On or before March 15, 2011, [CTMI] shall pay to [Fischer] $194,595.00 (the “Minimum 2010 Payment”), plus on or before July 15, 2011, an amount equal to thirty percent (30%) of the Business Revenue exceeding$2,500,000.00 earned from January 1, 2010 through December 31, 2010 (the “2010 Adjustment”), which amount in total shall be considered the Earn-Out Payment for 2010.
On 12th July 2023 Dr Ally’s solicitors maintained that Athena was in repudiatory breach of the sale and purchase agreement as a result of its failure to pay the full amount of the Earn-Out Payment, which Dr Ally and Dr Qasemzahi now accepted as terminating the agreement.