Milestone A principal event specified in the Contract Documents including the Material Completion and Occupancy Date and other events relating to an intermediate completion date or time.
Milestones Subject to the provisions of the SGIP, the Parties shall agree on milestones for which each Party is responsible and list them in Attachment 4 of this Agreement. A Party’s obligations under this provision may be extended by agreement. If a Party anticipates that it will be unable to meet a milestone for any reason other than a Force Majeure event, it shall immediately notify the other Parties of the reason(s) for not meeting the milestone and (1) propose the earliest reasonable alternate date by which it can attain this and future milestones, and (2) requesting appropriate amendments to Attachment 4. The Party affected by the failure to meet a milestone shall not unreasonably withhold agreement to such an amendment unless it will suffer significant uncompensated economic or operational harm from the delay, (1) attainment of the same milestone has previously been delayed, or (2) it has reason to believe that the delay in meeting the milestone is intentional or unwarranted notwithstanding the circumstances explained by the Party proposing the amendment.
Project/Milestones Taxpayer is a wholesale manufacturer and distributor of food products to restaurants and other foodservice operators. Taxpayer has certified in its application that absent award of the CCTC, its project may occur in another state. In consideration for the Credit, Taxpayer agrees to hire full-time employees and invest in land, facilities, manufacturing and food processing equipment, computer equipment, and furniture and fixtures as part of its expansion in XxXxxxxxx Park, California (collectively, the “Project”). Further, Taxpayer agrees to satisfy the milestones as described in Exhibit A (“Milestones”). In addition, Taxpayer must maintain the three (3) employee based Milestones (“Total California Full-Time Employees,” “Minimum Annual Wage of California Full-Time Employees Hired,” and “Cumulative Average Annual Wage of California Full-Time Employees Hired”) 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 Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” Taxpayer may use the wages of any of the full-time employees hired within the required time period. For purposes of calculating the “Minimum Annual Wage of California Full-time Employees Hired” and the “Cumulative Average Annual Wage of California Full-time Employees Hired,” the wage of any full-time employee that is not employed by Taxpayer for the entire taxable year shall be annualized. In addition, the wage 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.
Targets and Milestones For the purposes of this Access Agreement, the University of Bristol will assess progress in widening participation against a combination of progress measures which, between them, are designed to assess: The specific impact of a number of key outreach initiatives. Year on year progress in diversifying our applicant and student population. Bearing in mind the range of outreach activities which we plan to offer, we intend to measure year on year progress in attracting a wider pool of applicants by focusing on each of the following categories: Applicants from low performing schools Mature applicants Applicants from low participation areas Applicants from socio-economic groups 4-7 Applicants from minority ethnic groups Disabled applicants Local applicants Progress measures for each of these categories are provided at Appendix Five. As far as possible, these have been calculated taking account of the expected impact of a number of specific outreach initiatives (the Access to Bristol scheme, summer school programme and personal adviser scheme), each of which also has more detailed performance targets associated with them (also detailed at Appendix Five). Our assumption is that increases in the percentage of applications from under represented groups will not be achieved at the expense of applications from more traditional markets. To achieve the specified increases, we will therefore also need to increase the absolute number of applications from under- represented groups (and so the overall number of applications to the University). Only two of these categories have any bearing on our admissions process, which provides for school performance and mature applicant status to be taken into account as part of a holistic selection process. For this reason, measurement of the University’s intake profile will be focused on these categories only. All progress measures will be re-calculated annually to reflect assessment of our progress to date. In addition, it should be noted that we intend to carry out further research, for example, to better understand the impact of educational standards in the Bristol area on our ability to progress at the specified rates; we may need to adjust the progress measures contained in this agreement for future years to reflect the findings. We also hope to develop measures to assess the contribution of our collaborative activity to widening participation to the Higher Education sector as a whole but, as we are still in the early stages of agreeing our approach to this, it is too early to articulate these measures.
