First Milestone Conditions Sample Clauses

First Milestone Conditions. The first milestone shall have been achieved if the following conditions (the “First Milestone Conditions”) are met or achieved on or before on or before March 31, 2015 (the “First Milestone Deadline”): (i) Since December 1, 2014, the Company: (i) has obtained new account conversions representing 700 or more revenue generating public charging stations, and (ii) has transitioned 100 public charging stations that were previously not-working units into working units; (ii) Beginning on December 1, 2014, the Company has obtained sales of at least 200 public charging stations with an average selling price of at least $1,500 per station, representing gross proceeds of not less than $300,000; (iii) the Company has complied with the covenant set forth in Section 5.4 of the Purchase Agreement from the Closing Date through the achievement of this second milestone; and (iv) the Company continues to employ an interim Chief Financial Officer or has hired a permanent Chief Financial Officer.
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Related to First Milestone Conditions

  • Project/Milestones Taxpayer provides refrigerated warehousing and logistic distribution services to clients throughout the United States. In consideration for the Credit, Taxpayer agrees to invest in a new refrigeration and distribution facility in the ▇▇▇▇▇▇▇▇▇ Park area of Sacramento, California, and hire full-time employees (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”) and must maintain Milestones for a minimum of three (3) taxable years thereafter. In the event Taxpayer employs more than the number of full-time employees, determined on an annual full-time equivalent basis, than required in Exhibit A, for purposes of satisfying the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” Taxpayer may use the salaries of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Salary of California Full-time Employees Hired” and the “Cumulative Average Annual Salary of California Full-time Employees Hired,” the salary of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the salary of any full-time employee hired to fill a vacated position in which a full-time employee was employed during Taxpayer’s Base Year shall be disregarded.

  • Termination Conditions This Agreement terminates upon the earlier of any of the following events: a.

  • Sales Milestones On a Co-Co Product-by-Co-Co Product basis, Celgene shall make the following sales milestone payments to Jounce that are set forth below upon the first achievement by or on behalf of Celgene, its Affiliates or Sublicensees of the Sales Milestone Events set forth below with respect to sales of such Co-Co Product in the ROW Territory. [***] [***] [***] [***]

  • Development Milestones In addition to its obligations under Paragraph 7.1, LICENSEE specifically commits to achieving (either itself or through the acts of a SUBLICENSEE) the following development milestones in its diligence activities under this AGREEMENT: (a) (b).

  • Performance Conditions The Shares shall be issuable only if (and to the extent) that the Performance Criteria, set forth herein, are satisfied during the Performance Period. The Controller of the Company and the Compensation Committee of the Board of Directors of the Company shall certify whether, and to what extent, the Performance Criteria have been achieved. If the minimum performance is not met, no Shares shall be issued and the Award shall be forfeited.