Milestone 3 means achievement of annual Net Sales of at least $55,000,000 during any calendar year ending on or before December 31, 2024.

Milestone 3. As regards profits arising from technological development occurred after the first field trial of the crop intended for commercial use, ***% of the profits correspond to THE COMPANY and ***% to CONICET and UNL shared equally, that is, ***% to CONICET and ***% to UNL. The Parties agree that the share of profits will be determined on a case by case basis, according to the stage of the technological milestone achieved at the moment the profit is made. Consequently, the share of profits on each crop may vary as THE COMPANY, directly or through a third party, contributes to the technological development and to the resulting milestones. THE COMPANY may commission CONICET and UNL additional activities to promote the technological development and milestones. In such case, an additional share in the Gross Benefits or other kind of compensation according to the scale and importance of the contribution shall be agreed upon. *** Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

Examples of Milestone 3 in a sentence

The Tribe shall render the final payment, Milestone 3, within thirty (30) days after full completion and commissioning of solar array.
Milestone #3 - Full functionality and UI, app will have all features implemented with completed UI elements.
Starting no later than Milestone #3 and through project completion, Contractor shall deliver single binaries for each build revision.
Contractor shall be subject to the following performance standards, testing procedures and special acceptance procedures in addition to any required in the Agreement: Delivery of test scripts for review/comments as referenced in Milestone #1 Delivery of any requested test script updates as referenced in Milestone #2 Beginning with Milestone #3 – all builds delivered to Sony will be fully regression tested and will be delivered in conjunction with a comprehensive list of known issues (per build).

More Definitions of Milestone 3

Milestone 3 has the meaning set out in Section 4.2(c);

Milestone 3 means, the first time that the Net Sales of the Company in any Calendar Year ending on or prior to the Milestone Deadline Date is equal to or exceeds $500,000,000.

Milestone 3 means the first instance in which the aggregate Product Sales in the United States during any Milestone Measuring Period equals or exceeds a total of one billion five hundred million dollars ($1,500,000,000); provided that the final Milestone Measuring Period with respect to Milestone #3 shall end on the seventh anniversary of the Reference Date.

Milestone 3 is amended by deleting it in its entirety and replacing it with the following:

Milestone 3 means the UPRR Phase 4B (SY 112) switch onto the new UPRR over I-70 bridge structure.

Milestone 3 each mean the corresponding milestone event described in Exhibit 1.12.

Milestone 3 means the First Commercial Sale of an Acquired Product in any Major Market Country after receipt of Regulatory Approval for an Indication other than the Indication which resulted in the achievement of Milestone 2.