Examples of Third Earnout Payment in a sentence
If there are 45 Sales during Earnout Period 3, then the Third Earnout Payment would include an $ 333,333 amount equal to 80% of the Target for this MBO.
If Sales for Earnout Period 3 exceed 45, then the Third Earnout Payment would include an amount equal to (i) the number of Sales for Earnout Period 2 divided by 55 times (ii) the Target for this MBO, but in no case shall the applicable Earnout Payment exceed 150% of the Target MBO.
If the Final Gross Profit in the Third Measurement Period is greater than or equal to $68,800,000, then the Third Earnout Payment shall include an amount between $0 and $2,500,000 determined by applying linear interpolation between $68,800,000 and $75,300,000 (the “Third Gross Profit Earnout Pay ment”); provided, that the Third Gross Profit Earnout Payment shall not exceed $2,500,000.
If the Final Gross Profit in the Third Measurement Period is greater than or equal to$68,800,000, then the Third Earnout Payment shall include an amount between $0 and $2,500,000 determined by applying linear interpolation between $68,800,000 and $75,300,000 (the “ Third Gross Profit Earnout Payment”); provided, that the Third Gross Profit Earnout Payment shall not exceed $2,500,000.
The amount of additional capital to be contributed by THK to the Bonus Pool shall be (i) $150,000 upon the payment of the First Earnout Payment, (ii) $300,000 upon the payment of the Second Earnout Payment, (iii) $300,000 upon the payment of the Third Earnout Payment, and (iv) $300,000 upon the payment of the Fourth Earnout Payment.
In the event during the third fiscal quarter ended following the Closing Date (the “Third Earnout Period”), Acquisition Sub funds, from the Purchased Assets, an aggregate volume of mortgage loans of at least $30.0 million, then Company shall issue to Designated Shareholder, the Third Earnout Payment within 30 days following the completion of the Third Earnout Period.
The subsequent payment corresponding to the Third Year Period (the “Third Earnout Payment”), shall be the Third Earnout Payment for the Third Year Period, provided that the Third Year Achieved Revenue and the Minimum Gross Margin is greater than or equal to the Third Year Target Revenue and the Minimum Gross Margin.
While there is a risk that this may result in researcher bias, every effort has been made to ensure that all data captured from interviews is analyzed “as stated”, and without any personal opinion influencing those results.