Technical Milestones Sample Clauses
The Technical Milestones clause defines specific project objectives or deliverables that must be achieved at various stages of a technical project. These milestones typically outline key tasks, deadlines, or performance criteria that serve as checkpoints for progress, such as completing a prototype, passing certain tests, or delivering documentation. By establishing clear benchmarks, this clause helps track progress, ensures accountability, and enables both parties to assess whether the project is on schedule and meeting agreed-upon standards.
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Technical Milestones. 1. Achieve [technical milestone event #1] on or before [DATE];
2. Achieve [technical milestone event #2] on or before [DATE]; and
3. Achieve [technical milestone event #3] on or before [DATE].
Technical Milestones. Surface shall pay Adimab two technical milestone fees with respect to each Research Program on each Target, as follows:
(i) The first technical milestone fee shall be equal to [***] for each Research Program, and such fee will be paid to Adimab by Surface within [***] business days of the later of (1) [***] and (2) provision by Adimab of an invoice for such payment to Surface; and
(ii) The second technical milestone fee shall be equal to [***] for each Research Program, and such fee will be paid to Adimab by Surface within [***] business days of the later of (1) [***] and (2) provision by Adimab of an invoice for such payment to Surface. In the event that the second technical milestone is met in the initial delivery, or in the event that the second technical milestone is met without payment of the first technical milestone, then, in either case, Surface shall pay both technical milestones.
Technical Milestones. Pfizer shall pay to MacroGenics the amount set forth below within *** following the first occurrence of each event (each, a “Technical Milestone”) described below for each Research Project Target, each such amount (a “Technical Milestone Payment”) to be payable only once with respect to each different Research Project Target regardless of how many Agreement T-DARTs binding to such Research Project Target achieve such Technical Milestone. *** *** *** *** *** *** If the Technical Milestone set forth in Section 5.3.1(c) is achieved prior to the achievement of the Technical Milestone set forth in Section 5.3.1(a) and/or 5.3.1(b), then the unpaid Technical Milestone Payment set forth in Section 5.3.1(a) and/or 5.3.1(b) shall be due and payable simultaneously with the payment for achievement of the milestone set forth in Section 5.3.1(c). For the avoidance of doubt, in the event that the Technical Milestone set forth in Section 5.3.1(b) is achieved prior to the achievement of the Technical Milestone set forth in Section 5.3.1(a), the Technical Milestone Payment set forth in Section 5.3.1(a) shall not be due or payable simultaneously with the Technical Milestone Payment for achievement of the Technical Milestone set forth in Section 5.3.1(b), but instead shall only be due and payable upon achievement of Technical Milestone Payment set forth in Section 5.3.1(a) or Section 5.3.1.(c).
Technical Milestones. (a) Campaigns [**].
(i) Upon completion of each Research Campaign, Merrimack shall pay to Dyax [**] US Dollars ($[**]) for each Merrimack Target against which Dyax was able to identify Antibodies.
(ii) Within [**] days of the commencement of the first [**] with respect to any Dyax Antibody directed against [**] Merrimack Targets, Merrimack shall pay to Dyax [**] US Dollars ($[**]) for each Merrimack Target against which Dyax was able to identify Antibodies.
Technical Milestones. (i) Technical Milestone I. [***].
(ii) Technical Milestone II. [***].
Technical Milestones. (i) [Intentionally Omitted]
Technical Milestones. 1. Achieve an AMI .5G efficiency of 17.5% or more on a 4 inch diameter silicon solar cell using black silicon antireflection control technology, coupled with LPD passivation, by March 1, 2012.
2. Achieve an average reflectance of 2% or less on 156 x 156 mm monocrystalline silicon wafers using black silicon antireflection control technology coupled with LPD passivation by April 1,2012.
3. Achieve an AM1.5G efficiency of 17.0% or more on a 156 x 156 mm monocrystalline silicon solar cell using black silicon antireflection control technology coupled with LPD passivation and screen printed contacts by August 1,2012.
4. Achieve an AM1.5G efficiency of 18.5% or more on multiple 156 x 156 mm monocrystalline silicon solar cell by July 1,2013.
Technical Milestones. Surface shall pay Adimab two technical milestone fees with respect to each Research Program on each Target, as follows:
(i) The first technical milestone fee shall be equal to [***] for each Research Program, and such fee will be paid to Adimab by Surface within [***] business days of the later of (1) [***] and (2) provision by Adimab of an invoice for such payment to Surface; and CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”. A COMPLETE VERSION OF THIS EXHIBIT HAS BEEN FILED SEPARATELY WITH THE SECRETARY OF THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO AN APPLICATION REQUESTING CONFIDENTIAL TREATMENT PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
(ii) The second technical milestone fee shall be equal to [***] for each Research Program, and such fee will be paid to Adimab by Surface within [***] business days of the later of (1) [***] and (2) provision by Adimab of an invoice for such payment to Surface. In the event that the second technical milestone is met in the initial delivery, or in the event that the second technical milestone is met without payment of the first technical milestone, then, in either case, Surface shall pay both technical milestones.
Technical Milestones. A.1 Documentation for 3rd party Manufacturing including any and all BOM’s, Production Protocols, Testing Equipment / Production Jigs, Quality Controls, Vendor data (Supply Chain)
A.2 Complete Device Master Record for each product line
A.3 Introduction to Rotel / S▇▇▇▇▇ ▇▇▇ and Status of ongoing RND/Engineering Projects
A.4 Introduction to MedicSence and Status of Regulatory Projects (updated CE requirements, GDPR, FDA,…..)
A.5 Introduction to all companies that provide services to the Company and the Status of Patent and IP Projects
A.6 Introduction to all companies that provide services and the Status of Information Technology Projects (network, inventory, SW licenses, server, backup, user protocols,…)
A.7 Status of Inventory Management Matters (cycle count procedure, incoming procedure, issuing procedure,….)
A. 8 Support on ERP implementation as needed
Technical Milestones. DOE shall have received, in form and substance satisfactory to it and the Independent Engineer:
(i) and
(ii) a RASIC Chart for all roles at the Project.