Examples of Indemnification Holdback Shares in a sentence
The Indemnification Holdback Shares shall be released in one-third increments on each of the six (6), twelve (12), and eighteen (18) month anniversaries of the Closing pursuant to the Escrow Agreement, in each case less the aggregate amount of any outstanding and unresolved indemnity claims, as more fully described in the Escrow Agreement.
The Tax Indemnification Holdback Shares, which are being held for purposes of satisfying indemnification claims under Section 9.2(e), will be released to the Company Securityholders or the Parent, as applicable, on the first to occur of (A) final resolution of the matters subject to indemnification under Section 9.2(e) of the Company Disclosure Schedule, and (B) three (3) years after the Closing Date.