An earn-out will be paid if hurdles are met, which would increase the total purchase price to $727 million.

Change Capital is paying €25m plus a €4m conditional earn-out, which depends on the performance of the company.

What effect will this have on the earn-out?

Nevertheless Murphy should end up comfortably a millionaire once the earn-out is complete next year.

The agreement also includes an earn-out of up to $7 million in cash based upon the achievement of certain performance milestones.

And it's still got a Turkish earn-out.

Is the earn-out based on pre-tax or post-tax profits?

The four-year earn-out implied by the imputed electoral term of the coalition should be enough to give him confidence in any deal.

Beyond the $180 million purchase price, the deal includes a three-year earn-out for HauteLook’s owners of up to $90 million.

There’s no pride of ownership, and everyone knows the top folks are going to leave as soon as their earn-out comes to an end.”

Since there is no contingency, vendor finance is more risky for the buyer than an earn-out.

Boral will also receive an earn-out of up to $US75 million, provided the venture reaches targets over the next five years.

The three Boston venues sold for about $22.5 million in cash plus an earn-out at the Orpheum for the next five years.

Some shareholders say they would prefer Xstrata to pay an earn-out to Glencore rather than give it a call option.

Net debt: as indicated at Q1 results, Perform paid €50m for the RunningBall acquisition earn-out.

One offset to today’s news is that Earn-Out liabilities will fall due to under performance of Cooney Waters.

Shares issued as part of the deferred payment and earn-out will be based on the 10 day volume average weighted price at the time of payment.

Additionally, Cipesa is entitled to an earn-out of 2% of the potential sales value (PSV) launched by the new company until 2014.

The earn-out was based on a multiple of operating profit, capped at a maximum of 9x EBIT for the complete deal.

In addition, the sellers could be entitled to receive an additional $1 million in stock pursuant to an earn-out based on 2009 royalties received by Hardy Way.

It also values Chi-X Europe at around $360m, and involves an earn-out for Chi-X shareholders over a number of years based on its performance.

The price includes $160 million in cash at closing, a $15 million subordinated promissory note and an earn-out of as much as $50 million based on future performance.

As well as the $1.8bn, AB InBev could pocket an extra small sum in the future through an agreed earn-out should the business hit unspecified performance targets.

There is also an earn-out that can pay up to $150 million to certain noteholders and other investors if the combined company achieves $90 million in adjusted net income for 2009.

The agreement also includes a potential earn-out of up to $75 million of unregistered Knight stock based on future performance of Libertas in the three-year period following the close.