Performance Milestone Sample Clauses

Performance Milestone. Grantee shall expend 50% of total Grant amount to Homebuyers within twelve (12) months from the start of the Performance Period. Agency will review the Grantee’s performance of the Work to determine if remaining Grant funds will be retained by ▇▇▇▇▇▇▇, reallocated to other awardees under the RFA or reallocated for future use by Agency. Grantee will be notified in writing, within thirty (30) days of completion of review (email acceptable), which will outline the remaining Grant funds available to Grantee. Additional information about this process is as follows:

Performance Milestone. PAYMENTS Licensee shall pay to University the following amounts upon the occurrence of the corresponding milestone: (a) Upon  , Licensee shall pay to University $  ; (b) Upon  , Licensee shall pay to University $  ; and (c) Upon  , Licensee shall pay to University $  . Not applicable/none required.

Performance Milestone. The distribution of the Escrow Funds shall be based upon the following performance milestones (the “Milestones”) discussed below:

Performance Milestone. On or before September 1, 2013, Borrower shall have enrolled at least one patient in Borrower's bladder cancer clinical trial. In addition to the foregoing covenants, Bank shall in the future set milestone covenants based upon Borrower's Board-approved annual budget and product timeline, which shall be provided to Bank pursuant to Section 6.2(iii) herein, and incorporated into this Agreement through a written amendment, which Bank and Borrower hereby agree to execute promptly.”

Performance Milestone. In addition to the amounts to be paid by ECR to NovaDel pursuant to Sections 4.2, 4.3 and 4.4, in the event that Net Sales in any *** equal or exceed $***, ECR shall make a one-time milestone payment to NovaDel in the amount of $***. Such amount shall be payable within *** after the date on which such Net Sales threshold is reached. For the avoidance of doubt, the milestone payment pursuant to this Section 4.5 shall be payable only once upon the first achievement of such Net Sales threshold regardless of the number of *** in which such Net Sales threshold may be reached.

Performance Milestone. (i) No default or Event of Default shall have occurred and be continuing, and (ii) Borrower shall have received positive data for both ARX-04 phase 3 studies (i.e., SAP302 and SAP303) on or prior to September 30, 2016 (it being understood and agreed by Borrower and Lender that the condition precedent set forth in this Section 5.1(ii) has been satisfied).

Performance Milestone. Company will, directly or through its Subsidiaries or Sublicensees, use its commercially reasonable efforts, consistent with sound and reasonable business practices and judgment, to commercialize the Licensed Rights and to make and sell Licensed Products as soon as practicable and to maximize sales thereof. Company shall perform, or shall cause to happen or be performed, the Performance Milestone in accordance with the Performance Milestone Date.

Performance Milestone. 1. Each of the undersigned hereby agrees that Performance Milestone 1 was satisfied as of August 19, 2019.

Performance Milestone. During the defined period, the employee is to identify successors for the critical roles within the employee’s organization, including the employee’s role, and ensure the development and implementation of risk mitigation plans for each of those roles. The risk mitigation plan must include: (1) specific actions to build capability and knowledge in individuals who will be readily able to assume the roles on an interim basis by the end of the defined period and (2) the identification, mentoring and development of successors to prepare them for the roles. The purpose of this is to begin building a solid internal development structure for future growth and succession within the Finance team. The employee is expected to provide leadership over the development of these plans and to be personally engaged in the implementation of the plans, and performance against this milestone will be evaluated by the PacifiCorp CEO. This retention award will be included in your paycheck at the time of payment. The above dates reflect PacifiCorp pay dates. Payments comprising the Retention Bonuses are subject to applicable payroll deductions and tax withholding and may constitute taxable income to you. You are responsible for all tax obligations and should consult with your own tax advisor regarding the tax treatment of the Retention Bonuses. In addition to the performance milestone noted above, in order to be eligible for the first payment, you must remain employed in your present department within PacifiCorp through May 30, 2006 and maintain an acceptable level of performance (as determined by management) during this period. In order to be eligible for the second payment, you must remain within the ScottishPower group through May 30, 2007 and maintain an acceptable level of performance (as determined by management). If you leave the Company voluntarily or involuntarily for cause prior to these dates, or transfer out of your present department voluntarily, you will automatically forfeit all rights to any unpaid Retention Bonuses. If you are terminated involuntarily due to displacement following a workforce reduction prior to any unpaid Retention Bonuses, you will be paid the amount of any unpaid Retention Bonus specified in this memo at the time of termination. You must also meet the other terms and conditions identified in this memorandum.