{"component": "definition", "props": {"groups": [{"size": 30, "samples": [{"hash": "48aQnXWsVsz", "uri": "/contracts/48aQnXWsVsz#payment-year", "label": "Settlement Agreement", "score": 35.5369606018, "published": true}, {"hash": "5MLMQDdDkNG", "uri": "/contracts/5MLMQDdDkNG#payment-year", "label": "Settlement Agreement", "score": 33.1566505432, "published": true}, {"hash": "bUvBTVwdlc0", "uri": "/contracts/bUvBTVwdlc0#payment-year", "label": "Settlement Agreement", "score": 32.573589325, "published": true}], "snippet": "means the calendar year during which the applicable Initial Year Payments or Annual Payments are due pursuant to subsection V.B. Payment Year 1 is 2022, Payment Year 2 is 2023 and so forth. References to payment \u201cfor a Payment Year\u201d mean the Initial Year Payments or Annual Payment due during that year. References to eligibility \u201cfor a Payment Year\u201d mean eligibility in connection with the Initial Year Payments or Annual Payment due during that year.", "snippet_links": [{"key": "calendar-year", "type": "definition", "offset": [10, 23]}, {"key": "the-applicable", "type": "clause", "offset": [37, 51]}, {"key": "initial-year", "type": "clause", "offset": [52, 64]}, {"key": "annual-payments", "type": "clause", "offset": [77, 92]}, {"key": "pursuant-to-subsection", "type": "clause", "offset": [101, 123]}, {"key": "year-1", "type": "clause", "offset": [137, 143]}, {"key": "year-2", "type": "definition", "offset": [161, 167]}, {"key": "references-to-payment", "type": "clause", "offset": [190, 211]}, {"key": "payment-due", "type": "clause", "offset": [274, 285]}, {"key": "in-connection-with", "type": "clause", "offset": [368, 386]}], "hash": "59a94c9f5a0d0ea7a7b695a82da91721", "id": 1}, {"size": 28, "samples": [{"hash": "6S7MlANMU97", "uri": "/contracts/6S7MlANMU97#payment-year", "label": "Settlement Agreement", "score": 35.2271881104, "published": true}, {"hash": "icwMduXT4L2", "uri": "/contracts/icwMduXT4L2#payment-year", "label": "Distributor Settlement Agreement", "score": 35.1916313171, "published": true}, {"hash": "g3ew9mAK8iX", "uri": "/contracts/g3ew9mAK8iX#payment-year", "label": "Settlement Agreement", "score": 34.0654563904, "published": true}], "snippet": "The calendar year during which the applicable Annual Payment is due pursuant to Section IV.B. Payment Year 1 is 2021, Payment Year 2 is 2022 and so forth. References to payment \u201cfor a Payment Year\u201d mean the Annual Payment due during that year. References to eligibility \u201cfor a Payment Year\u201d mean eligibility in connection with the Annual Payment due during that year.", "snippet_links": [{"key": "calendar-year", "type": "definition", "offset": [4, 17]}, {"key": "the-applicable", "type": "clause", "offset": [31, 45]}, {"key": "payment-is-due", "type": "clause", "offset": [53, 67]}, {"key": "pursuant-to-section", "type": "definition", "offset": [68, 87]}, {"key": "year-1", "type": "clause", "offset": [102, 108]}, {"key": "year-2", "type": "definition", "offset": [126, 132]}, {"key": "references-to-payment", "type": "clause", "offset": [155, 176]}, {"key": "the-annual", "type": "clause", "offset": [203, 213]}, {"key": "payment-due", "type": "clause", "offset": [214, 225]}, {"key": "in-connection-with", "type": "clause", "offset": [308, 326]}], "hash": "57ff3178b108f1b563639f1e4019bd11", "id": 2}, {"size": 20, "samples": [{"hash": "9x5dgZcEUNN", "uri": "https://www.jerseylaw.je/laws/current/PDFs/L_29_1961_20200130.pdf", "label": "www.jerseylaw.je", "score": 20.123626709, "published": false}, {"hash": "d4naujloqSe", "uri": "https://www.jerseylaw.je/laws/current/PDFs/L_29_1961_20201115.pdf", "label": "www.jerseylaw.je", "score": 20.0406112671, "published": false}, {"hash": "lSbHarXPvAb", "uri": "https://www.jerseylaw.je/laws/current/PDFs/L_29_1961_20191231.pdf", "label": "www.jerseylaw.je", "score": 18.0406112671, "published": false}], "snippet": "means the year in which the rate applies to deductions made under Article 41B;", "snippet_links": [{"key": "the-year", "type": "definition", "offset": [6, 14]}, {"key": "the-rate", "type": "clause", "offset": [24, 32]}, {"key": "applies-to", "type": "clause", "offset": [33, 43]}, {"key": "under-article", "type": "definition", "offset": [60, 73]}], "hash": "bd5f05dd6f4752a365db3197523d2ada", "id": 3}, {"size": 10, "samples": [{"hash": "f8ARarCxQuX", "uri": "/contracts/f8ARarCxQuX#payment-year", "label": "Settlement Agreement (Teva Pharmaceutical Industries LTD)", "score": 34.5824775696, "published": true}, {"hash": "2AQlcuu0UuP", "uri": "/contracts/2AQlcuu0UuP#payment-year", "label": "Settlement Agreement", "score": 34.1010398865, "published": true}, {"hash": "hgbT5oyHJg5", "uri": "/contracts/hgbT5oyHJg5#payment-year", "label": "Settlement Agreement", "score": 33.9738540649, "published": true}], "snippet": "means the calendar year during which the applicable Annual Payment is due pursuant to subsection VII.B. Payment Year 1 is 2023, Payment Year 2 is 2024 and so forth. References to payment \u201cfor a Payment Year\u201d mean the Annual Payment due that year. References to eligibility \u201cfor a Payment Year\u201d mean eligibility in connection with the Annual Payment due during that year.", "snippet_links": [{"key": "calendar-year", "type": "definition", "offset": [10, 23]}, {"key": "the-applicable", "type": "clause", "offset": [37, 51]}, {"key": "payment-is-due", "type": "clause", "offset": [59, 73]}, {"key": "pursuant-to-subsection", "type": "clause", "offset": [74, 96]}, {"key": "year-1", "type": "clause", "offset": [112, 118]}, {"key": "year-2", "type": "definition", "offset": [136, 142]}, {"key": "references-to-payment", "type": "clause", "offset": [165, 186]}, {"key": "the-annual", "type": "clause", "offset": [213, 223]}, {"key": "payment-due", "type": "clause", "offset": [224, 235]}, {"key": "in-connection-with", "type": "clause", "offset": [311, 329]}], "hash": "6ad6b4205549a568fa2f6e4125a49e2f", "id": 4}, {"size": 8, "samples": [{"hash": "l3hWs4g3cU5", "uri": "/contracts/l3hWs4g3cU5#payment-year", "label": "Settlement Agreement", "score": 33.2191429138, "published": true}, {"hash": "iOEjqxnffxI", "uri": "/contracts/iOEjqxnffxI#payment-year", "label": "Settlement Agreement", "score": 33.2178878784, "published": true}, {"hash": "8pfh2rWe8LK", "uri": "/contracts/8pfh2rWe8LK#payment-year", "label": "Settlement Agreement", "score": 33.2178878784, "published": true}], "snippet": "The calendar year during which the applicable Annual Remediation Payment and the Annual Fees Payment is due. Payment Year 1 is 2024, Payment Year 2 is 2025 and so forth. References to payment \u201cfor a Payment Year\u201d mean the Annual Remediation Payment and/or Annual Fees Payment due during that year. References to eligibility \u201cfor a Payment Year\u201d mean eligibility in connection with the Annual Remediation Payment and/or Annual Fees Payment due during that year.", "snippet_links": [{"key": "calendar-year", "type": "definition", "offset": [4, 17]}, {"key": "the-applicable", "type": "clause", "offset": [31, 45]}, {"key": "remediation-payment", "type": "definition", "offset": [53, 72]}, {"key": "payment-is-due", "type": "clause", "offset": [93, 107]}, {"key": "year-1", "type": "clause", "offset": [117, 123]}, {"key": "year-2", "type": "definition", "offset": [141, 147]}, {"key": "references-to-payment", "type": "clause", "offset": [170, 191]}, {"key": "payment-due", "type": "clause", "offset": [268, 279]}, {"key": "in-connection-with", "type": "clause", "offset": [362, 380]}], "hash": "3b011e2e4333ae38b51c255536ece459", "id": 5}, {"size": 5, "samples": [{"hash": "jmBsuKJU59t", "uri": "https://www.sec.gov/Archives/edgar/data/26172/000002617225000031/cmi2025q210-qex101.htm", 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Article 41B of this Law;", "snippet_links": [{"key": "the-year", "type": "definition", "offset": [6, 14]}, {"key": "the-rate", "type": "clause", "offset": [24, 32]}, {"key": "applies-to", "type": "clause", "offset": [33, 43]}, {"key": "under-article", "type": "definition", "offset": [60, 73]}, {"key": "this-law", "type": "definition", "offset": [81, 89]}], "hash": "380d2a6799b23ae3a1b60f8be659edac", "id": 8}, {"size": 4, "samples": [{"hash": "hn5pK6FGlsw", "uri": "https://cedrec.com/cedrec_images/upload/guidance/53770_4_20210924_152428_fulltext_GREEN_GAS_DRAFT.pdf", "label": "cedrec.com", "score": 10.8466806412, "published": false}, {"hash": "fDzx8NX9ZVO", "uri": "https://www.legislation.gov.uk/uksi/2021/1335/body/made/data.pdf", "label": "www.legislation.gov.uk", "score": 9.9685144424, "published": false}, {"hash": "iOedZqunrE4", "uri": "https://www.legislation.gov.uk/ukdsi/2021/9780348227284/data.pdf", "label": "www.legislation.gov.uk", "score": 9.9630393982, "published": false}], "snippet": "means any 12 month period beginning with the tariff start date, or with the anniversary of the tariff start date.", "snippet_links": [{"key": "the-tariff", "type": "definition", "offset": [41, 51]}, {"key": "start-date", "type": "clause", "offset": [52, 62]}], "hash": "d0568256534ca9179883a63508fc94f1", "id": 9}, {"size": 4, "samples": [{"hash": "8aGcYRqumZq", "uri": "/contracts/8aGcYRqumZq#payment-year", "label": "Asset Purchase and Trademark Assignment Agreement", "score": 31.3408622742, "published": true}, {"hash": "gF8MvnkAgf4", "uri": "/contracts/gF8MvnkAgf4#payment-year", "label": "Asset Purchase and Trademark Assignment Agreement (Targacept Inc)", "score": 21.0, "published": true}, {"hash": "dfErdLbhll4", "uri": "/contracts/dfErdLbhll4#payment-year", "label": "Asset Purchase and Trademark Assignment Agreement (Targacept Inc)", "score": 20.0, "published": true}], "snippet": "means each twelve-month period after the Closing Date, with the first Payment Year, if any, 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"definition": {"size": 192, "title": "Payment Year", "snippet": "means the calendar year during which the applicable Initial Year Payments or Annual Payments are due pursuant to subsection V.B. Payment Year 1 is 2022, Payment Year 2 is 2023 and so forth. References to payment \u201cfor a Payment Year\u201d mean the Initial Year Payments or Annual Payment due during that year. References to eligibility \u201cfor a Payment Year\u201d mean eligibility in connection with the Initial Year Payments or Annual Payment due during that year.", "id": "payment-year", "examples": ["The determination of the Independent Accounting Firm shall be final, binding and non-appealable, absent manifest error, and such date of determination shall constitute the Earnout Determination Date for such <strong>Payment Year</strong>.", "The total number of Company Earnout Shares issuable to the Eligible Company Equityholders for each <strong>Payment Year</strong> during the Earnout Period shall equal the sum of (i) the EBITDA Component for such <strong>Payment Year</strong> and (ii) the Revenue Component for such <strong>Payment Year</strong>, in each case, as determined and payable in accordance with this Section 3.03.", "Within 5 Business Days after the Earnout Determination Date for a <strong>Payment Year</strong>, SPAC shall issue (or cause to be issued) to the Eligible Company Equityholders the Company Earnout Shares (and to the Sponsor, the Sponsor Earnout Shares) earned for such <strong>Payment Year</strong> as set forth in the applicable Earnout Statement (as finally determined), subject to applicable withholding and compliance with Applicable Law and Nasdaq rules.", "If, after the 3rd <strong>Payment Year</strong>, the total number of Company Earnout Shares earned (including any Catch-Up Earnout Shares) is less than the Revenue Component Cap, then in the 4th <strong>Payment Year</strong>, the Eligible Company Equityholders shall be entitled to earn such difference upon achieving the Revenue Target for the 4th <strong>Payment Year</strong>.", "If, after the 3rd <strong>Payment Year</strong>, the total number of Company Earnout Shares earned (including any Catch-Up Earnout Shares) is less than the EBITDA Component Cap, then in the 4th <strong>Payment Year</strong>, the Eligible Company Equityholders shall be entitled to earn such difference upon achieving the EBITDA Target for the 4th <strong>Payment Year</strong>.", "If the Company Equityholders\u2019 Representative does not deliver an Earnout Objection Notice on or prior to the expiration date of the Earnout Review Period, then the Earnout Statement shall be deemed final (absent manifest error) and such expiration date shall constitute the Earnout Determination Date (as defined below) for such <strong>Payment Year</strong>.", "Within 90 days after the end of each <strong>Payment Year</strong>, SPAC shall prepare and deliver to the Company Equityholders\u2019 Representative a written statement setting forth in reasonable detail: (i) its determination of the Actual Revenue and Actual EBITDA for such <strong>Payment Year</strong>, and (ii) its calculation of the resulting number of the Company Earnout Shares to be issued for such <strong>Payment Year</strong> (each such statement, an \u201cEarnout Statement\u201d)."], "related": [["assessment-year", "Assessment year", "Assessment year"], ["agreement-year", "Agreement Year", "Agreement Year"], ["adjustment-year", "Adjustment Year", "Adjustment Year"], ["relevant-year", "relevant year", "relevant year"], ["relevant-year-t", "Relevant Year t", "Relevant Year t"]], "related_snippets": [], "updated": "2026-04-05T05:49:25+00:00"}, "json": true, "cursor": ""}}