Examples of Earnout Payment Date in a sentence
In the event that Purchaser and Seller are unable to reach an agreement within 30 calendar days after the latest of (a) the date of payment of the Purchase Price Adjustment, (b) the 2007 Earnout Payment Date and (c) the 2008 Earnout Payment Date, then any disputed items will be resolved within the next 30 calendar days by the Arbitrator, the fees and costs of which will be borne equally by Purchaser and Seller.
On the 2008 Earnout Payment Date, Purchaser will pay to Seller the 2008 Earnout Amount set forth in the Revenue Notice relating to the 2008 Revenue.
Any Selected Seller no longer actively employed or providing services to the Company on the Earnout Payment Date shall not be eligible to earn any part of the Earnout Payment, and the Earnout Payment shall be subject to a proportional re-allocation to the Selected Sellers that continue to be actively employed or providing services to the Company.
The four Boroughs which have previously used CIL reported different processes in each of their Local Authorities.
In case E&Y fails to complete their audit by 15th June 2008 for lack of information to be provided or cooperation to be extended by the Shareholder and/or by the Company, then the Earnout Payment Date shall get extended by the same period as that from June 15, 2008 until the date of completion of such audit by E&Y, which shall not be later than July 15, 2008.