Payable Milestones definition

Payable Milestones. Means a structured schedule of observable achievements on the critical path to experiment success with a fixed amount to be paid to the Performer at the start and/or end of each milestone, assuming each milestone entry and/or exit criteria has been met.
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Payable Milestones. “are those milestones specified in Attachment 3.
Sample 1
Payable Milestones. Means a structured schedule of observable achievements on the critical path to experiment success with a fixed amount to be paid to the Performer at the start and/or end of each milestone, assuming each milestone entry and/or exit criteria has been met. SBIR Data: Data first produced by a Performer that is a small business concern in performance of a small business innovation research (SBIR) award.
Sample 1

Examples of Payable Milestones in a sentence

  • Depending on the circumstances, the Payable Milestones may require adjustment.

  • The Performer shall submit or otherwise provide to the DARPA AOR, DARPA PM, and DARPA AO, and digitally upload into the DARPA Vault tool, documentation describing the extent of accomplishment of Payable Milestones.

  • The Government is not obligated to pay for additional or revised Payable Milestones until the Payable Milestones Schedule (Attachment 3) is formally revised by the DARPA Agreements Officer and made part of this Agreement.

  • Recommendations for modifications, including justifications to support any changes to the Statement of Work and/or the Payable Milestones, will be documented in a letter and submitted by the Performer to the DARPA Agreements Officer’s Representative with a copy to the DARPA Agreements Officer.

  • The Government is not obligated to pay for additional or revised future Payable Milestones until the Schedule of Payments and Payable Milestones Exit Criteria (Attachment 1) is formally revised by the AO and made part of this Agreement.

  • The AOR shall be responsible for the review and verification of any recommendations to revise or otherwise modify the Statement of Work, prospective Payable Milestones, or other proposed changes to the terms and conditions of this Agreement.

  • Recommendations for modifications, including justifications to support any changes to the SOW and prospective Payable Milestones will be documented in writing and submitted by the PERFORMER to the USSOCOM AO with a copy to the AOR.

  • The Government is not obligated to pay for additional or revised Payable Milestones until the Schedule of Payments and Payable Milestones Schedule (Attachment E) is formally revised by the Government Contracting Officer and made part of this Agreement.

  • As a result of quarterly meetings (in person or videoconference), annual reviews, or at any time during the term of the Agreement, research progress or results may indicate that a change in the Statement of Work and/or the Payable Milestones, would be beneficial to program objectives.

  • The request must provide justifications to support any changes to the Project Scope and/or the Payable Milestones and detail the technical, chronological, and financial impact of the proposed changes to the project.

Related to Payable Milestones

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

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

  • 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.

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

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

  • Milestone means an event or task described in the Implementation Plan which, if applicable, must be completed by the relevant Milestone Date;

  • 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.

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

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

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

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

  • Sales Milestone Payment is defined in Section 5.3.

  • Development Milestone Event has the meaning set forth in Section 7.1.

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

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

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

  • 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").

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

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

  • Scheduled Completion Date shall be the date set forth in Clause 10.3;

  • Performance Targets means the specific objective goal or goals (which may be cumulative and/or alternative) that are timely set in writing by the Committee for each Executive for the Performance Period in respect of any one or more of the Business Criteria.

  • Cost objective means a function, organizational subdivision, contract, grant, or other activity for which cost data are needed and for which costs are incurred.

  • 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.

  • EBITDA means earnings before interest, taxes, depreciation and amortization.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.