Common use of Maximum Earn-Out Amount Clause in Contracts

Maximum Earn-Out Amount. Notwithstanding any provisions of this Section 2.5 to the contrary, the maximum Earn-Out Payment over the two year period is $3 million regardless of actual performance against the target Revenue and EBITDA.

Appears in 3 contracts

Sources: Purchase Agreement (Banctec Inc), Purchase Agreement (Banctec Inc), Purchase Agreement (Banctec Inc)