Examples of Milestone Determination in a sentence
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Revision Request Recommendation Report RR #: 147Date: 1/6/2016RRTitle: 50% Project Completion Milestone Determination for Competitive UpgradesTariffTariff Section(s): Business PracticeBusiness Practice Number: New PracticeDescription of Comments:The purpose of this business practice is to describe the process for determining when the 50% completion milestone has been reached for a Competitive Upgrade.
If the arbitrators determine that a Primary or Secondary Milestone has occurred pursuant to the provisions of this Section 2.06(e), the date of such determination shall be deemed an "Arbitrator Milestone Determination Date".
A "Milestone Determination Date" for any particular Primary or Secondary Milestone shall be the earlier to occur of a Board Milestone Determination Date or an Arbitrator Milestone Determination Date.
PS = The sum of (i) the number of shares of Outstanding Parent Common Stock, (ii) the Aggregate Closing Shares and (iii) the aggregate number of Earn-Out Shares issued prior to such Milestone Determination Date.
If the Milestone Determination is that the relevant Milestone has been met, Buyer shall pay the Earnout Payment, if any, within thirty (30) days after the Milestone Determination has been made, with any cash portion thereof being paid by wire transfer of immediately available funds to the Paying Agent Account.
The Independent Accountant shall be directed to render a written report on the unresolved disputed items with respect to the applicable Milestone Determination as promptly as practicable, but in no event greater than thirty (30) days after such submission to the Independent Accountant, and to resolve only those unresolved disputed items set forth in the Objection Notice.
So long as a Milestone occurs within the Earn-Out Period, the Earn-Out Shares will be issued to the Earn-Out Stockholders regardless of whether the applicable Milestone Determination Date approving the Milestone occurs during or after the Earn-Out Period.
If the Parent Board or the audit committee of the Surviving Corporation Board, as the case may be, determines that a Primary or Secondary Milestone has occurred, the date of such determination shall be deemed the "Board Milestone Determination Date" for such Primary or Secondary Milestone, and the Parent Board or audit committee, as applicable, shall deliver a written notice of such determination to the Company Stockholders.
If any of the Performance Milestones set out in item 2 above are not achieved by the Milestone Determination Date, then an amount of Performance Shares corresponding to such unachieved Performance Milestone will be automatically redeemed by Talon for the sum of $0.000001 per Performance Share within 10 business days of the Milestone Determination Date.