An earn out agreement is a contractual agreement between the buyer and seller of a business that states that the seller will receive future payment(s). What is an Earnout Agreement?​​An earnout agreement, also referred to as an earn-in or earn-out, is a type of acquisition payment structure. "Third Earn-Out Period" means Buyer's fiscal year 2024. "Buyer Earn Out Statement" shall have the meaning set forth in Section 2.6(b). An asset purchase agreement (APA) is a legally binding document that details the terms and conditions related to the purchase and sale of a company's assets. Earnout provisions typically require the buyer to provide the seller with a report at the end of each measurement period to allow the seller to. Acquired interactive media company under an "earn out" provision in the stock purchase agreement.