First Milestone Period definition

First Milestone Period means the period commencing as of the date of this Agreement and ending at 11:59 p.m., New York City time, on July 31, 2014.
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First Milestone Period means the period beginning on the first day of the thirteenth (13th) full calendar month following the date of this Agreement and ending on the last day of the twenty fourth (24th) full calendar month following the date of this Agreement.
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First Milestone Period means July 1, 2021 through June 30, 2022.
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Examples of First Milestone Period in a sentence

  • If Gross Revenue during the First Milestone Period equals or exceeds seven million dollars ($7,000,000) (the “First Milestone Revenue Target”), Buyer will make a Milestone Payment to the Milestone Sellers in an amount equal to $2,036,201.46 as further described in Section 2.07(d).

  • In addition to the Milestone Payment earned, if any, pursuant to Section 2.07(a), if Gross Revenue during the First Milestone Period equals or exceeds ten million dollars ($10,000,000), then Buyer will make an additional Milestone Payment to the Milestone Sellers in the amount equal to one million dollars ($1,000,000) (the “Milestone Advance Payment”) as further described in Section 2.07(d).

  • Milestone Payments will be calculated with respect to Gross Revenue over two periods, the First Milestone Period and the Second Milestone Period.


More Definitions of First Milestone Period

First Milestone Period means the period beginning on the first day of the first full fiscal month of Buyer that begins after the Closing Date and ending on the last day of the twelfth (12th) full fiscal month of Buyer that begins after the Closing Date.
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First Milestone Period means the period of time commencing on January 1, 2022 and ending at 11:59 p.m. Eastern time on December 31, 2022.
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Related to First Milestone Period

  • 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;

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

  • 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.

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

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

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

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

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

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

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

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

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

  • 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;

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

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

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

  • 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").

  • Earnout Period has the meaning set forth in Section 3.6(a).

  • Earn-Out Period has the meaning set forth in Section 2.6.1.

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

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

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

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.