Result Announcement Date definition
Examples of Result Announcement Date in a sentence
To the extent that the Buyer and the Seller are unable to reach agreement prior to the Result Announcement Date on the employees selected and their proposed allocations for purposes of payment of the Contingent Bonus Amount, the Buyer shall pay the Contingent Bonus Amount (or the relevant portion thereof) to the Seller, in cash or Buyer Common Stock or any combination thereof, in the Buyer’s sole discretion, in accordance with Section 2.10(e).
If the Buyer determines any Contingent Payment or portion thereof will be made in Buyer Common Stock, the Buyer shall issue to the Seller on the relevant Result Announcement Date (or such later date as is contemplated by this Section 2.10(e)) such aggregate number of shares of Buyer Common Stock equal to (A) the amount of such Contingent Payment or portion thereof divided by (B) the relevant Average Closing Price.
If the Buyer determines that any Contingent Payment or portion thereof will be made in cash, the Buyer shall pay to the Seller such cash amount on the relevant Result Announcement Date (or such later date as is contemplated by this Section 2.10(e)) in U.S. dollars by wire transfer of immediately available funds to an account designated by the Seller.