Common use of Third Installment Clause in Contracts

Third Installment. Subject to terms and conditions hereof, the Parties agree that: (i) the calculation of the Third Installment shall be amended so that the Sellers receive an amount equal to fifty percent (50%) of the Adjusted Operating Profit for the Third Installment Period; and (ii) the amount of the Fourth Installment shall be calculated so that the Sellers receive an amount equal to fifty percent (50%) of the Adjusted Operating Profit for the Fourth Installment Period.

Appears in 2 contracts

Sources: Stock Purchase Agreement (CDC Software CORP), Stock Purchase Agreement (CDC Corp)