Milestone Credit definition

Milestone Credit means the credit payable to Supplier for its achievement of the applicable Critical Milestone, as set forth in Exhibit 1.
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Milestone Credit means the credit NAIC is entitled to receive as a result of Cognizant Group’s failure to meet a Critical Milestone in accordance with the applicable SOW.
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Milestone Credit means a monetary credit that Supplier shall pay to Voya Group in the event that Supplier fails to obtain Voya’s Acceptance of a Milestone by the applicable Milestone Completion Date. The Milestone Credit associated with a given Milestone shall be set forth in the applicable Statement of Work or Project Plan.
Sample 1

Examples of Milestone Credit in a sentence

  • To the extent a Deliverable or Milestone Credit or other credit may be due to DIR pursuant to this Agreement, Service Provider shall provide DIR with an appropriate credit against amounts then due and owing.

  • To the extent a Deliverable, Service Level Credit, or Milestone Credit or other credit may be due to DIR pursuant to this Agreement, Service Provider shall provide DIR with an appropriate credit against amounts then due and owing.

  • For each Critical Milestone for which Schedule D-3 provides an Earn Back Period, Contractor may earn back a minimum of fifty percent (50%) of the Critical Transition Milestone Credit, a larger percentage may be designated in writing by the Commonwealth if deemed appropriate, by meeting the Acceptance Criteria within the specified Earn Back Period.

  • Pursuant to Section 5.4(A) of the Country Agreement, if any Transition Milestone is not completed on or before the specified due date (as set forth in the table below) then, subject to Section 5.4(B) of the Country Agreement, IBM Local Entity shall incur the applicable Transition Milestone Credit, as specified in the table below, for the applicable period of delay.

  • The amount of the actual damages to be paid to GPI related to the failure shall be offset by any Milestone Credit that GPI received for the failure.

  • If your report is graded Outstanding, Excellent, Very Good, or Satisfactory, you will receive a Milestone Credit.

  • If Provider does not achieve a Transition Milestone by the completion date for that Transition: (i) Provider must do all that is required to meet that Transition Milestone as soon as possible after the due date, including by allocating additional resources at no charge to Company; and (ii) Provider shall provide to Company a Transition Milestone Credit calculated in accordance with the applicable SOW.

  • For all Transition Milestone Credits not subject to Earn Back rights set forth in Schedule D-1 shall, at the discretion of the Commonwealth, Contractor shall either (i) pay the Commonwealth the amount of the Transition Milestone Credit pursuant to the terms of Schedule D-1 or (ii) credit the amount of the Transition Milestone Credit against Base Charges as directed by the Commonwealth.

  • Milestone Credits shall be in addition to any other monetary and non-monetary remedies available to Voya Group under this Agreement, at law, or in equity, provided, however, the amount of any damages payable to Voya Group in connection with the applicable Milestone failure will be reduced by the amount of any Milestone Credit paid to Voya.

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More Definitions of Milestone Credit

Milestone Credit means the credit Prudential is entitled to receive as a result of Service Provider's failure to meet a Critical Milestone.
Sample 1
Milestone Credit means the credit to be paid by Contractor for missing a Transition Milestone, Transformation Milestone or Critical Milestone as set out in Schedule D (Transition and Transformation Methodology).
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Milestone Credit has the meaning set forth in Section 2.5.
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Related to Milestone Credit

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

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

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

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Development Milestone is defined in Section 5.3.

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

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

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

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

  • Milestone Payment has the meaning set forth in Section 4.2.

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

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

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

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Milestone Schedule means Seller’s milestone schedule, the form of which is attached to this Agreement as Exhibit Q.

  • Milestone Payments means payments made in connection with any Permitted Acquisition or other acquisition (including any license or the acquisition of any license) of any rights in respect of any drug or other pharmaceutical product (and any related property or assets) to sellers (or licensors) of the assets or Equity Interests acquired (or licensed) therein based on the achievement of specified revenue, profit or other performance targets (financial or otherwise).

  • Achievement Percentage means the percentage of achievement determined by the Committee after the end of the Performance Cycle in accordance with Section 4 that reflects the extent to which the Company achieved the Performance Goals during the Performance Cycle.

  • 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.

  • KPI Target means the acceptable performance level for a KPI as set out in each KPI;

  • First Target Distribution means $0.4025 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.4025 multiplied by a fraction of which the numerator is the number of days in such period, and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Milestone Notice has the meaning set forth in Section 2.4(a).

  • Third Target Distribution means $0.5250 per Unit per Quarter (or, with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.5250 multiplied by a fraction of which the numerator is equal to the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • Milestone Failure means a failure by the Grant Recipient fully to achieve any Milestone by the relevant Milestone Date;