Common use of Milestone Payment Clause in Contracts

Milestone Payment. The Company acknowledges and agrees that (i) the Executive is entitled to the balance of the performance milestone payment described in Section 4.A.(a) of the Employment Agreement in the amount of $82,615, plus accrued interest, and (ii) no outstanding conditions to payment of such performance milestone exist and (iii) payment shall be no later than April 30, 2007 or the earlier termination of employment pursuant to 5.A. of the Employment Agreement.

Milestone Payment. The Company acknowledges and agrees that (i) the Executive is entitled to the balance of the performance milestone payment described in Section 4.A.(a4.A.(b)(i)(B) of the Employment Agreement in the amount of $82,6151,233,907, plus accrued interest, and (ii) no outstanding conditions to payment of such performance milestone exist and (iii) payment shall be no later than April 30, 2007 or the earlier termination of employment pursuant to 5.A. of the Employment Agreementexist.

Milestone Payment. The Company acknowledges and agrees that (i) the Executive is entitled to the balance of the performance milestone payment described in Section 4.A.(a) of the Employment Agreement in the amount of $82,615165,230, plus accrued interest, and (ii) no outstanding conditions to payment of such performance milestone exist and (iii) payment shall be no later than April 30, 2007 or the earlier termination of employment pursuant to 5.A. of the Employment Agreementexist.

Milestone Payment. The Company acknowledges and agrees that (i) the Executive is entitled to the balance of the performance milestone payment described in Section 4.A.(a) of the Employment Agreement in the amount of $82,615165,230, plus accrued interest, and (ii) no outstanding conditions to the Company's payment of such performance milestone exist and (iii) payment shall be no later than April 30, 2007 or the earlier termination of employment pursuant to 5.A. of the Employment Agreementexists.