Earnout Payment definition
Examples of Earnout Payment in a sentence
Within five (5) Business Days after the Earn-Out Statement becomes final, binding and non-appealable by the Parties in accordance with Section 2.08(b), Parent shall pay or cause to be paid to the Seller Representatives the Earnout Payment, if any, by wire transfer of immediately available funds to the accounts designated by the Seller in writing.
Within ninety (90) days following the expiration of each Measurement Period, Parent shall prepare and deliver to the Seller Representatives a statement setting forth in reasonable detail its good faith calculation of the Earnout Payment, calculated in accordance with the terms of this Agreement (the “Earn-Out Statement”), together with any reasonable supporting details to enable a review of such statement by the Seller Representatives.