Milestone Payments definition
Examples of Milestone Payments in a sentence
Each Milestone Payment in respect of an Equity Award CVR is intended to constitute a separate payment for purposes of Treasury Regulation Section 1.409A-2(b)(2) and shall be paid on the same schedule and under the same terms and conditions as apply to Milestone Payments to Initial Holders generally in the Merger.
Each CVR represents the contractual right of a Holder (granted to each Initial Holder as part of the consideration of the Offer and the Merger pursuant to the terms of the Merger Agreement and to each holder of a Surviving Warrant when such Surviving Warrant is exercised in accordance with its terms) to receive the Milestone Payments pursuant to, and subject to the terms and conditions of, this Agreement.
The payment terms for all other Milestone Payments will be net thirty (30) days from Mesa Cobre’s receipt of ▇▇▇▇▇▇▇’ complete and accurate invoice.