Net Initial Merger Consideration definition
Net Initial Merger Consideration shall have the meaning set forth in Section 1.8(a).
Net Initial Merger Consideration means $10,200,000, plus the Estimated Collectible Accounts Receivable Amount, less the Net Closing Liabilities.
Examples of Net Initial Merger Consideration in a sentence
Upon Closing, the Retention Plan Net Initial Merger Consideration Exclusion Amount shall be distributed to the Retention Plan Participants by the Company in accordance with the Retention Plan.
In addition to the Net Initial Merger Consideration payable pursuant to this Article 2, an amount equal to the Net Contingent Consideration, if any, shall be payable by Acquiror to the Effective Time Holders in accordance with Article 3.
The Company will withhold for all income and employment-related taxes imposed in connection with the payment of the Retention Plan Net Initial Merger Consideration Exclusion Amount and file all related withholding tax returns on the Closing Date.