Level 2 Milestone definition
Level 2 Milestone means Net Sales of the Products for any calendar year of $60 million or more.
Level 2 Milestone means Net Sales of the Products for any calendar year of $60 million or more. “Level 2 Milestone Amount” means $10 million in cash.
Level 2 Milestone means that the VWAP of a share of SPAC Class A Common Stock equals or exceeds Sixteen Dollars ($16.00) for twenty (20) Trading Days in any thirty (30) consecutive Trading Day period during the Earnout Period (which shall be equitably adjusted for stock splits, reverse stock splits, stock dividends, reorganizations, recapitalizations, reclassifications, combination, exchange of shares or other like change or transaction with respect to SPAC Class A Common Stock occurring on or after the Closing).
Examples of Level 2 Milestone in a sentence
If the Level 2 Milestone is attained with respect to a calendar year, it shall not be attained in any subsequent calendar year.