How is Total Payout Amount defined in a legal contract?
- Total Payout Amount means a calculation of two percent of the positive difference, if any, between the Aggregate Trigger Event Value and the Aggregate Base Value, up to a certain limit, plus a certain percentage for any additional value accrued beyond that limit. Seen in 8 SEC Filings
- Total Payout Amount means a calculation where two percent of the positive difference, if any, of the Aggregate Trigger Event Value less the Aggregate Base Value is taken into account up to a certain limit, along with an additional percentage of the value, if any, exceeding that limit. Seen in 4 SEC Filings
- Total Payout Amount means the total gross sum to be paid to all claimants according to the formula set forth in a certain section, deducted from the Maximum Gross Settlement Amount. Seen in 2 SEC Filings
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of total payout amount' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Total Payout Amount means the calculated percentage of the positive difference between assigned values, limited by a certain threshold.
Relevant Contract Types
Relevant Circumstances
- Business Mergers and Acquisitions
- Investment and Equity Deals
- Profit Sharing Arrangements
- Partnership Disputes and Resolutions
Relevant Sectors
Genie Definition 2
Total Payout Amount means the aggregate sum to be dispersed to all claimants according to a prescribed formula.
Relevant Contract Types
Relevant Circumstances
- Class Action Lawsuits
- Insurance Claim Settlements
- Workers' Compensation Cases
- Personal Injury Lawsuits
Relevant Sectors
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