First Earnout Period definition

First Earnout Period means the period from and after the Closing until the first anniversary of the Closing Date.

First Earnout Period means the twelve (12)-month period beginning on the first day of the first full month following the Closing and ending on the last day of the twelfth full month following the Closing.

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

Examples of First Earnout Period in a sentence

• For purposes of illustration only, if an Acceleration Event occurs in the First Earnout Period, then the $3 million maximum earnout amount, less any amounts already paid in the First Earnout Period will be accelerated and payable by the Parent to the Constituents.

• In the event that any First Sponsor Earnout Shares are still held in escrow at the end of the First Earnout Period, or any Second Sponsor Earnout Shares are still held in escrow at the end of the Second Earnout Period, those Sponsor Earnout Shares will automatically and without further action by Sponsor be forfeited and delivered by the Escrow Agent to Parent for cancellation by Parent.

• Within 90 days after the expiration of each of the First Earnout Period, the Second Earnout Period and the Third Earnout Period, Frontage Labs shall provide Representative with written notice (the “ Earnout Notice”) of Frontage Lab’s reasonably detailed computation of the Adjusted EBITDA of the Surviving Entity during such Earnout Period and the Earnout Consideration (and if applicable, the Earnout Bonus Payment) calculated therefrom.

• If the cumulative Adjusted EBITDA of the Surviving Entity for the First Earnout Period, the Second Earnout Period and the Third Earnout Period exceeds $30,950,000, then each Key Employee shall be entitled to receive a pro rata portion of the amount of such excess Adjusted EBITDA up to a cap in the aggregate of $9,000,000 (the “ Earnout Bonus Payment”) in addition to any amounts of Earnout Consideration payable to Sellers, subject to certain conditions as detailed in the Merger Agreement.

• Any Class 1 Earnout Units or Class 2 Earnout Units that are not converted to Common Units as set forth in Sections 3.14(a)(i)-(ii) above, shall be automatically and immediately forfeited and cancelled upon the date of the expiration of the First Earnout Period.

More Definitions of First Earnout Period

First Earnout Period means the period beginning January 1, 2020 and ending December 31, 2020;

First Earnout Period means the 12-month period following the Closing Date.

First Earnout Period means the calendar year beginning January 1, 2006 and ending December 31, 2006.

First Earnout Period has the meaning set forth in Section 1.03(a).

First Earnout Period means calendar year 2021.

First Earnout Period means the twelve (12)-month period beginning on the Closing Date and ending on the one (1)-year anniversary of the Closing Date.”

First Earnout Period means the period commencing on December 30, 2002 and ending on December 28, 2003;