Financial Milestones definition

Financial Milestones means minimum Net Revenue and EBITDA as follows:
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Financial Milestones means that (A) as of the applicable Measurement Date, Tenant has Working Capital of at least Thirty Million Dollars ($30,000,000.00) and (B) during the applicable Measurement Year, Tenant has achieved (1) Net Sales of at least One Hundred Million Dollars ($100,000,000.00) and (2) Cash Flow From Operations that is greater than Zero (0).
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Financial Milestones shall have the meaning given in Exhibit A of this Agreement.
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Examples of Financial Milestones in a sentence

  • All terms and conditions of the contract, including the County’s obligation to pay for services received, shall remain in effect until the effective date of the Board’s action to void the contract, and all contractual provisions set forth in the contract that by their terms survive the expiration or termination of the contract shall continue to remain in effect.

  • The Financial Milestones set forth in Exhibit A shall remain in full force and effect.

  • The Financial Milestones and the Contractual and Operational Milestones have been derived from the Business Plan and each of them have been prepared in good faith with a reasonable basis.

  • The Financial Milestones agreed for this year were: Quarter 1Quarter 2Quarter 3Quarter 4Total2019/20Milestonetarget£8M£10M£10M£12M£40MActual Spend achieved to date£6.9M£13.8M£13.1 £33.8MForecastSpend£6.9M£13.8M£10M£18M£46M The LEP would continue to monitor spend with projects on an ongoing basis and would be working with promoters to ensure that full financial delivery took place in this year.

  • Accordingly, if the Executive’s base compensation at the date of termination with good cause is $175,000, the prorated share of the Annual Bonus related to the Financial Milestones payable is $19,687.50.

  • Walker Vice President, General Counsel & Secretary Date: August 3, 2006 Exhibit 99.1 Microvision Announces Second Quarter 2006 Results; Microvision Completes $27 Million Financing and Hits Important Organizational and Financial Milestones; Continues its Progress on Turn-Around Initiatives REDMOND, Wash.--(BUSINESS WIRE)--Aug.

  • If Tenant changes its accounting methodology then the Financial Milestones shall be renegotiated in good faith to provide Landlord with comparable protections.

  • As provided in Section 2(d), as of June 30, 2004, and on each June 30th thereafter through and including June 30, 2009, the Purchase Price shall be increased by Two Hundred Thousand Dollars ($200,000) (up to a maximum aggregate increase of $1,000,000) if and only for the immediately preceding twelve month period Seller has met the Financial Milestones (defined below) and other conditions set forth below.

  • The following highlights were announced or occurred since Workstream Inc.'s last annual earnings statement: Financial Milestones o 12% quarterly revenue growth over fiscal 2003.

  • The Options granted hereby shall become vested and exercisable upon the attainment and satisfaction during the Term of either the Critical Milestones, as provided in clause (i) below, or the Financial Milestones, as provided in clause (ii) below.


More Definitions of Financial Milestones

Financial Milestones means that (1) as of the applicable Measurement Date, Subtenant has Working Capital of at least Thirty Million Dollars ($30,000,000.00) and (2) during the applicable Measurement Year, Subtenant has achieved (i) Net Sales of a least One Hundred Million Dollars ($100,000,000.00) and (ii) Cash Flow From Operations that is Greater than Zero (0).
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Financial Milestones means the requirement that Loan Recipient demonstrate to CIRM (one month prior to each Disbursement Date) that it has funds available, either in the form of cash, cash equivalents or securities listed on an automated quotation system which have no resale restrictions under federal or other applicable securities laws, sufficient to fund all costs and expenses (including overhead and administrative expenses and taxes) anticipated by Loan Recipient to be required for Loan Recipient to continue the CIRM-Funded Project for at least the following twelve (12) month period during the Project Period, less the costs budgeted to be covered by planned Loan Disbursements, demonstrated to CIRM’s satisfaction by Loan Recipient’s submission of current budget forecasts, and other financial information reasonably requested by CIRM (provided, however, that Loan Recipient may exclude from the foregoing costs and expenses on any date all principal payments to be made on Permitted Indebtedness which matures in the four-year period following such date).
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Financial Milestones for the purposes of this Section 28 are as set forth below and shall be calculated in accordance with Generally Accepted Accounting Principles and certified by Seller's outside independent auditors:
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Related to Financial Milestones

  • Project Milestones means the project milestones set forth in Schedule-G;

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Development Milestone is defined in Section 5.3.

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Development Milestone Event has the meaning set forth in Section 7.2.1.

  • Milestone Events has the meaning set forth in Section 7.2.

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Performance Metrics means criteria established by the Administrator relating to any of the following, as it may apply to an individual, one or more business units, divisions, or Affiliates, or on a company-wide basis, and in absolute terms, relative to a base period, or relative to the performance of one or more comparable companies, peer groups, or an index covering multiple companies:

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • KPI means a key performance indicator to which the Services are to be provided as set out in the Specification].

  • Performance Targets means the specific objective goal or goals (which may be cumulative and/or alternative) that are timely set in writing by the Committee for each Executive for the Performance Period in respect of any one or more of the Business Criteria.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Financial Reporting Measures means measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and all other measures that are derived wholly or in part from such measures. Stock price and total shareholder return (and any measures that are derived wholly or in part from stock price or total shareholder return) shall, for purposes of this Policy, be considered Financial Reporting Measures. For the avoidance of doubt, a Financial Reporting Measure need not be presented in the Company’s financial statements or included in a filing with the SEC.

  • Milestone Event has the meaning set forth in Section 8.2.1.

  • Targets means pre-agreed values to be achieved at the end of the period in relation to the result indicators included under a specific objective;

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Revenue Growth means the percentage change in revenue (as defined in Statement of Financial Accounting Concepts No. 6, published by the Financial Accounting Standards Board) from one period to another.

  • Performance Measures means measures as described in Article 12 on which the performance goals are based and which are approved by the Company’s shareholders pursuant to this Plan in order to qualify Awards as Performance-Based Compensation.

  • Performance Level means a reference to one of Performance Level I, Performance Level II, Performance Level III, Performance Level IV or Performance Level V.