Milestone 4 definition

Milestone 4 means the achievement of NDA Approval with respect to the Product in the Second Indication.

Milestone 4 means FDA approval of a BLA for FX201.

Milestone 4 has the meaning set forth in Section 5.1.3.

Examples of Milestone 4 in a sentence

• The Company has authorized 3,640,000 bonus shares for the achievement of Milestone 4 representing commencement of commercial production at NorthMet at a time when the Company has not less than 50% ownership interest in NorthMet.

• At the Company’s Annual General Meeting of shareholders held on June 17, 2008, the disinterested shareholders approved the bonus shares for Milestone 4.

• The Company has authorized 364,000 bonus shares for the achievement of Milestone 4 representing commencement of commercial production at NorthMet.

• At the Company’s Annual General Meeting of shareholders held in June 2008, the disinterested shareholders approved issuance of these shares upon achievement of Milestone 4.

• At the Company’s Annual General Meeting of shareholders held in June 2008, the disinterested shareholders approved the bonus shares for Milestone 4.

More Definitions of Milestone 4

Milestone 4 means cumulative Net Sales of the Product Candidate exceeding one hundred million dollars ($100,000,000), but only if the foregoing Milestone is achieved no later than the Milestone Target Date.

Milestone 4 shall be reached when Titan completes all of the following: (A) Titan completes third deliverables required in Schedule A, each of which meets every corresponding requirement set out in Schedule A (“[Redacted] Prototype Deliverables”); and (B) Titan completes the technology transfer listed in Schedule B. Titan shall deliver to Medtronic the [Redacted] Prototype Deliverables, and any related documentation and testing results, no later than four (4) months from the later of (a) receipt by Titan of Payment 2, (b) receipt by Titan from Medtronic of all Materials required under Schedule A for Milestone 4, and (c) receipt by Titan from Medtronic of [Redacted].

Milestone 4 means the first date on which Net Sales in any Calendar Year is equal to or exceeds one hundred million dollars ($100,000,000).

Milestone 4 and together with Milestone 1, Milestone 2 and Milestone 3, the “Milestones”), a one-time payment (irrespective of whether any Milestone 2 Payments or Milestone 3 Payments have become due prior thereto) of $20,000,000 (the “Milestone 4 Payment” and together with the Milestone 1 Payment, the Milestone 2 Payment and the Milestone 3 Payments, the “Milestone Payments”), which shall be paid in accordance with Section 1.11(c).

Milestone 4. [Text has been redacted] [Text has been redacted]

Milestone 4 means obtaining ownership of an issued patent in the United States in favor of Parent or its Affiliates that covers LTX-608, whereby the corresponding patent information is also published in the Orange Book prior to losing exclusivity.

Milestone 4. Partners: EXECUTIVE introduces and develops at least five (5) strategic system integrator partners that lead to at least two (2) customer orders of a minimum of $100,000 BRAINTECH revenue per order. Also, EXECUTIVE conducts a review and makes recommendations regarding BRAINTECH’s current integrator program. On achievement of Milestone 4, 500,000 shares of EXECUTIVE’s Bonus Stock will vest.