DEVELOPMENT CHARGE AND PAYMENT Clause Samples

DEVELOPMENT CHARGE AND PAYMENT. SCHEDULE In full payment for the design, development and layout work to be performed for the DEVELOPMENT PROJECT, NATIONAL shall be paid a NRE for the RAINBOW ASIC. Non Recurring Engineering expense payments are due and payable upon the acceptance by RAINBOW of each PHASE as described in section 1.04, and the milestone schedule shown in APPENDIX A.