SOP Milestone definition

SOP Milestone means a Milestone identified as being related to SOP in the Transformation Plan; "SOP Payment Milestone" means a SOP Milestone which is identified as such in the Transformation Plan and for which a SOP Charge is payable on Achievement of that SOP Milestone; "SOP Project Specific IPR" all Intellectual Property Rights in: (a) the SOP Software; and (b) the SOP Documentation; which are created by the Contractor (or a third party on behalf of the Contractor); "SOP Reconciliation Milestone" means a SOP Milestone which is identified as such in the Transformation Plan and on the Achievement of which any sharing of overruns or underruns (determined in accordance with Paragraph 12.9, 12.10 and 12.11 of Schedule 3.2 (Pricing and Rate Card) to the Framework Agreement) and the aggregate Retention over the Reconciliation Period shall be determined and where appropriate invoiced to the Framework Authority; "SOP Software" all source code and object code in the software used in the SOP (including all upgrades and updates); "SOP Supporting Documentation" has the meaning given in Paragraph 14.2 of Schedule 3.2 (Pricing and Rate Card) to the Framework Agreement; "SOP Transferring has the meaning given in Clause 44.3(a) of the Framework Expression Definition
Sample 1
SOP Milestone means start of production of vehicles which are mass-produced in identical models of Xxxx for sales and delivery to ordinary customers;
Sample 1

Related to SOP Milestone

  • 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;

  • 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;

  • 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;