Performance Target Percentage definition
Performance Target Percentage means the percent (%) of the entire Performance Target that has been achieved as of a particular date. For example, if Earnout Gross Revenues equal $7,500,000, the Performance Target Percentage is 25% of the entire $30,000,000 Performance Target.
Examples of Performance Target Percentage in a sentence
For each subsequent Earnout Period during the Term, the applicable Earnout payment shall be an amount equal to the Performance Target Percentage multiplied by the Maximum Earnout Amount, less the total amount of the Earnout already paid in respect of such Performance Target.