Which of the Following Statements Is Are True About the "Earnout

Which of the following statements is are true about the "earnout" arrangement?

A) If the entrepreneur remains in control, the venture capitalist receives an equity payoff while the entrepreneur receives a flat payment
B) If the entrepreneur remains in control, the venture capitalist receives a flat payment while the entrepreneur receives an equity payoff
C) If the entrepreneur remains in control, both the venture capitalist and the entrepreneur receive a flat payment and outside investors receive an equity payoff
D) If the entrepreneur remains in control, both the venture capitalist and the entrepreneur receive an equity payoff
E) The entrepreneur is relieved of control and is given a flat payment while the equity payoff goes to the venture capitalist