EV Milestone definition

EV Milestone means the first approval by the FDA for the commercial sale and marketing of EV in the United States by any EV Party or any of its Affiliates.
Sample 1

Examples of EV Milestone in a sentence

  • The Mills Entities’ obligation to make the third payment, which is not due until July 31, 2009, remains secured by the irrevocable letter of credit described above.

  • The EV Portion of a Stock Award shall fully vest on the second anniversary of the EV Milestone Date, provided that (x) the Participant does not incur a Termination of Employment (as defined in the Equity Incentive Plan) prior to the applicable Vesting Date and (y) the Participant is not on a performance improvement plan on the applicable Vesting Date.

  • Subject to Section 4(d) of the Plan, payment of the EV Portions and TV Portions of Cash Awards to Participants shall be made as soon as administratively practicable following the applicable Certification Date, and no later than March 15 of the year following the year in which the EV Milestone Date or TV Milestone Date, respectively, occurs.

  • The actual value of the aggregate amount of a Participant’s Awards may be greater than or less than the Participant’s Target Award Value based on when the EV Milestone or TV Milestone is achieved, as determined in accordance with the Payout Matrix and Section 6 of the Plan.

  • If the EV Milestone does not occur on or prior to the last day of the EV Performance Period, then no Participant shall be eligible to be paid or granted, as applicable, the EV Portion of the Cash Award or Stock Award.

  • Co., 463 U.S. 29 (1983) (finding that an agency must make a reasoned determination supported by the record evidence).

  • If an EV Opt-Out occurs prior to the EV Milestone Date, then no Participant shall be eligible to be paid or granted, as applicable, the EV Portion of the Cash Award or Stock Award.

  • In addition, if the EV Milestone does not occur on or prior to the last day of the EV Performance Period and the TV Milestone does not occur on or prior to the last day of the TV Performance Period, then the Plan shall automatically terminate effective as of the later to occur of (i) the last day of the EV Performance Period and (ii) the last day of the TV Performance Period.

Related to EV Milestone

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Development Milestone Event shall have the meaning set forth in Section 9.2(a).

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Milestone Event has the meaning set forth in Section 8.4.

  • Milestone Events has the meaning set forth in Section 3.3 (Milestone Payments).

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • Project Milestones means the project milestones set forth in Schedule-G;

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • Milestone Payments has the meaning set forth in Section 4.2.

  • KPI Target means the acceptable performance level for a KPI as set out in each KPI;

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Phase II Clinical Study means a human clinical study of a product initiated to determine the safety and efficacy in the target patient population, as described 21 C.F.R. 312.21(b).

  • Second Target Distribution means $0.4375 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.4375 multiplied by a fraction of which the numerator is equal to the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Phase III Clinical Study means a trial involving administration of a Compound to sufficient numbers of human patients with the goal of establishing that the Compound is safe and efficacious for its intended use, to define warnings, precautions and adverse reactions that are associated with the drug or label expansion of such Compound, and to be considered as a pivotal study for submission of an NDA.