Examples of Second Year Payment in a sentence
The amount, if any, by which the Annual Payment in respect of the Second Year exceeds the product of the Price Per Share and the number of Second Year Payment Shares, shall be payable by Fiera Sceptre in cash.The issuance of First Year Payment Shares, Second Year Payment Shares and/or Class A Subordinate Voting Shares issuable upon the exercise by National Bank of the First Option and/or the Second Option could result in a change of control of Fiera Sceptre under applicable TSX rules.
The Future Earnout Amount for the First Earnout Period shall be equal to (i) $1,000,000 for the first Earnout Period minus the Reserve Adjustment, minus (ii) the First Earnout Period Subsequent Earnout Payment minus (iii) the First Period Second Year Payment minus (iv) the First Period Third Year Payment, unless such amount is less than zero, in which case the Future Earnout Amount for the First Earnout Period shall be equal to zero.
Another——somewhat problematic——feature of language is that it is commodifiable.
In the event of termination of the Services of Executive after 31 December 2017 and prior to 31 December 2018 as a result of any of the circumstances set out in (i) and (ii) of this Section 2, the Company shall pay, or cause Employer to pay the full Second Year Payment.
After the Second Year Payment Date, each individual or entity which theretofore has surrendered a Certificate for exchange and cancellation to the Exchange Agent, together with such letter of transmittal, duly executed, shall be entitled to receive the portion of the Merger Consideration, if any, to which such individual or entity shall have become entitled pursuant to the provisions of Section 1.5(a)(v).
Robert and Kurt Wood shall receive, to be shared in equal portions, the xxxxx $150,000 xxxx each of the First Year Payment and the Second Year Payment.
If the Second Period Second Year Payment is less than zero, Buyer shall pay no amount to Seller; and further provided that if the Second Period Second Year Payment is less than zero, no amount shall be paid by Seller.
The balance of the Purchase Price will be paid in two installments: the first, to be paid within 14 months of Closing, will be an amount which equals 50% of the first 12 month's actual Gross Profit ("First Year Payment"); and the second, to be paid within 26 months of the Closing, will be an amount which when added to the down payment equals 25% of the second 12 month's Gross Profit ("Second Year Payment").
Section 1.3 Conditions to First Year Payment, Second Year Payment and Catch-Up Payment.
The Future Earnout Amount for the First Earnout Period shall be equal to (i) the Maximum Earnout Payment for the first Earnout Period less (ii) the First Earnout Period Subsequent Earnout Payment less (iii) the First Period Second Year Payment less (iv) the First Period Third Year Payment, unless such amount is less than zero, in which case the Future Earnout Amount for the First Earnout Period shall be equal to zero.