Milestone Payment Plan Clause Samples

A Milestone Payment Plan clause outlines a schedule for payments to be made upon the completion of specific project milestones rather than on a fixed timeline or upon final delivery. Typically, this clause details the particular deliverables or stages that trigger each payment, such as design approval, prototype completion, or final testing, and may specify the amount or percentage of the total contract price due at each stage. Its core practical function is to align payments with progress, incentivizing timely completion of key tasks and reducing financial risk for both parties by ensuring that compensation is tied to tangible results.
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Milestone Payment Plan. All milestones to be paid by wire transfer to MBI upon the timely and full completion of the relevant milestone event. 1. Milestone 1: Signing of this agreement [*****] – payable within two weeks 2. Milestone 2 (Target date 2012): [*****] 3. Milestone 3 (Target date 2013): 4. Milestone 4: 5. Milestone 5 (Target date 2014): [*****] 6. Milestone 6 (Target date, 2016): 1. Mexico [*****] [*****] Confidential portions of this document have been redacted and filed separately with the Securities and Exchange Commission Foliar applications: [*****] FMC shall have the right to add other crops to the listed crops above, subject to first presenting a Business Plan and obtaining MBI’s approval, which shall not be unreasonably withheld. Further, MBI agrees that it shall not provide distribution rights for foliar applications of the Commercial Product to another distributor for any crop not listed in this Exhibit 7 in any country in the Territory unless MBI first gives FMC a right of first refusal which FMC must exercise within 60 days of notification. MBI agrees that such separate distribution shall not have pricing which is more favorable than that presented to FMC and shall be under a separate distinct trademark and that the marketing in such other crops shall not adversely and materially impact FMC’s distribution of products under this Commercial Agreement. [*****] Confidential portions of this document have been redacted and filed separately with the Securities and Exchange Commission Exhibit 8: Development Plan for Premixes (the “Development Plan”) Will be developed within one year of signing the agreement. Exhibit 9: Pricing for Premixes To be determined. Exhibit 10: Responsible Care Standards Our industry creates products and services that make life better for people around the world — both today and tomorrow. The benefits of our industry are accompanied by enduring commitments to Responsible Care® in the management of chemicals worldwide. We will make continuous progress toward the vision of no accidents, injuries or harm to the environment and will publicly report our global health, safety and environmental performance. We will lead our companies in ethical ways that increasingly benefit society, the economy and the environment while adhering to the following principles: • To practice Responsible Care® by encouraging and assisting others to adhere to these principles and practices.
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Milestone Payment Plan. The following payments shall be made directly to the Coordinator by bank transfer: Milestone Description Schedule Dates Amount (in €) Advance payment: upon signature of contract by both Parties -- ……….. Progress payment: upon acceptance by the GJU of ………………… TBD ……….. Progress payment: upon acceptance by the GJU of ………………… TBD ……….. ▇▇▇ ▇▇▇ ……….. Final payment: upon acceptance by the GJU of all deliverables and fulfilment of all contractual obligations TBD Converted firm fixed price(s) minus (Advance + Progress) payments The ceiling price shall be converted into a firm fixed price on the basis of all documents to be provided in accordance with Article II.20 and Article II.21.
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Milestone Payment Plan. The SJU payments shall be made to the Contractor by bank transfer and according to the following Milestone Payment Plan: Milestone Description Estimated Schedule Date Amount (in €) Progress payment upon acceptance by the SJU of ▇▇▇ ▇▇▇ TBD Final payment upon acceptance by the SJU of all deliverables due under the Contract and Contractor’s fulfilment of all its obligations ▇▇▇ ▇▇▇
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Milestone Payment Plan. Milestone/Stage Payments Due Date % Value £k (ex VAT) Milestone/Stage No Key Deliverable SC2 Schedules Schedule 1 - Definitions of Contract Authority means the Secretary of State for Defence acting on behalf of the Crown; Authority’s Representative(s) shall be those person(s) defined in Schedule 3 (Contract Data Sheet) who will Business Day means 09:00 to 17:00 Monday to Friday, excluding public and statutory Central Government Body a body listed in one of the following sub-categories of the Central Government
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Milestone Payment Plan. APS will make payments based on succesful completion of Tasks to the satisfaction of APS. 3.1 December 10, 2019 $ 9,000.00 20% 3.2 January 2020 March 2020 3.3 January 2020 March 2020 3.4 January 2020 March 2020 3.5 January 2020 March 2020 3.6 January 2020 March 2020 $ 13,500.00 30% 3.7 January 2020 April 2020 3.8 March 2020 April 2020 3.9 March 2020 April 2020 $ 13,500.00 30% 3.11 January 2020 April 2020 3.12 March 2020 April 2020 $ 9,000.00 20% Total All Tasks $ 45,000.00 100% * Mode of transportation shall be the most economic available without upgrades in class or accommodation. Lodging, meals, and incidental entitlements shall not exceed the current GSA Per Diem Rates for the locality that serves as the destination. ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/travel-resources ** The Fees payable to the Contractor should an additional search be initiated within one (1) year of the successful candidate commencing the position, or after the conclusion of year one (1) but prior to the end of year two (2), can be found in Section 3.13 of Attachment A – Scope of Work.
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Related to Milestone Payment Plan

  • Milestone Payment Within thirty (30) days following the first Patent Issuance, Eton shall give written notice to Imprimis and shall pay to Imprimis a non-refundable and noncreditable payment of fifty thousand dollars ($50,000).

  • Milestone Payments In the event that any Sellers believe that any Additional Milestone has been achieved during the Post-Closing Milestone Period, the Sellers’ Representative shall provide notice of such achievement to Purchaser. If Purchaser determines in its sole and reasonable discretion that such Additional Milestone has been achieved during the Post-Closing Milestone Period, then within thirty (30) days of such notice from Sellers’ Representative or, if earlier, within thirty (30) days of Purchaser’s determination that such Additional Milestone has been achieved, Purchaser shall notify Sellers’ Representative of its determination and pay to Sellers the Additional Milestone Payment payable in respect of such Additional Milestone. If Sellers’ Representative delivers such a notice and Purchaser determines, in its sole and reasonable discretion, that the applicable Additional Milestone has not been achieved, then, within thirty (30) days of Sellers’ Representative’s notice Purchaser shall notify Sellers’ Representative of such determination. If Sellers’ Representative believes that Sellers are entitled to payment of all or any portion of an Additional Milestone Payment hereunder which they have not received within thirty (30) days following the achievement of the Additional Milestone for which payment is due, Sellers’ Representative may, not later than twelve (12) months following the achievement of such Additional Milestone, deliver to Purchaser a notice setting forth Sellers’ Representative’s determination that all or a portion of such Additional Milestone Payment is due under this Agreement (the “Post-Closing Assessment Notice”). If Sellers’ Representative does not deliver to Purchaser a Post-Closing Assessment *** Portions of this page have been omitted pursuant to a request for Confidential Treatment filed separately with the Commission. Notice within such twelve (12) month period, then Sellers shall have been deemed to agree that the Additional Milestone has not been met and no payment with respect to such Additional Milestone is due to Sellers hereunder and Sellers shall have no further rights to such Milestone Payment or any portion thereof. Such Post-Closing Assessment Notice may be delivered before or after the expiration of the Post-Closing Milestone Period without affecting Sellers’ rights to the applicable Milestone Payment, provided that that applicable Additional Milestone was actually achieved prior to the expiration of such Post-Closing Milestone Period. If Purchaser shall object to Sellers’ determination that a Additional Milestone has been achieved as set forth in the Post-Closing Assessment Notice, then Purchaser shall deliver a dispute notice (a “Post-Closing Milestone Dispute Notice”) to Sellers’ Representative within fifteen (15) days following Sellers’ Representative’s delivery of the Post-Closing Assessment Notice. A representative of Purchaser, on the one hand, and the Sellers’ Representative, on the other, shall attempt in good faith to resolve any such objections within fifteen (15) days of the receipt by Sellers of the Post-Closing Milestone Dispute Notice. If no Post-Closing Milestone Dispute Notice is delivered within the fifteen (15) day time period, then Sellers’ determination that the Additional Milestone has been achieved, and that the amount of the Milestone Payment specified in the Post-Closing Milestone Dispute Notice is due hereunder, shall be deemed to be accepted and Purchaser shall pay to Sellers those amounts set forth in the Post-Closing Assessment Notice no later than five (5) days after the expiration of such fifteen (15) day time period.

  • Milestone A principal event specified in the Contract Documents including the Material Completion and Occupancy Date and other events relating to an intermediate completion date or time.