Common use of Earnout Generally Clause in Contracts

Earnout Generally. The parties acknowledge and agree that the Company’s annual recurring revenue is a material factor in determining the valuation of the Company by Parent. Therefore, notwithstanding any provision of this Agreement to the contrary, Parent shall pay to the Stockholders their portion of the Earnout Consideration, if any, in accordance with this Article III.

Appears in 2 contracts

Sources: Merger Agreement (Yext, Inc.), Merger Agreement