Individual Founder Seller Closing Cash Amount definition

Individual Founder Seller Closing Cash Amount means, with respect to each Founder Seller, the US dollar ($) amount obtained by multiplying (i) the aggregate number of shares of Company Capital Stock held by such Founder Seller immediately prior to the Closing, by (ii) the Founder Seller Closing Cash Amount Per Share.

Examples of Individual Founder Seller Closing Cash Amount in a sentence

  • At the Closing, the parties hereto shall enter into the Escrow Agreement, pursuant to which Buyer shall deliver to the Escrow Agent on behalf of the applicable Sellers (at the applicable times described herein and therein) each of the Expense Fund, Individual Non-Founder Seller Closing Amount, Individual Founder Seller Closing Stock Amount, Individual Founder Seller Closing Cash Amount, Post-Closing Adjustment Holdback Amount and Indemnity Holdback Amount.

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