Operational Milestone definition

Operational Milestone means an objective event that is indicative of project progress occurring as proposed in the application.
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Operational Milestone means an objective event with defined criteria that is indicative of successful project progress on a “critical path” activity, that if not achieved in a timely manner will inhibit the accomplishment of the expected project outcome in the allowable project period
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Operational Milestone means each operational event and result that Seller must achieve as set forth in the Operational Milestone Schedule, with such supporting documentation as may be requested by Buyer from time-to-time in its Commercially Reasonable discretion.
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Examples of Operational Milestone in a sentence

  • Upon issuance of the award, funds budgeted to achieve the initial Operational Milestone will be disbursed.

  • Upon the successful completion of the initial Operational Milestone and each successive milestone, additional funds will be disbursed.

  • If funds allocated to a specific Operational Milestone (including both CIRM funds and the required applicant co-funds) are exhausted prior to achievement of that milestone, the Awardee will be responsible for covering any remaining costs.

  • Costs resulting from the delay or failure to meet an Operational Milestone will be the sole responsibility of the Awardee to be covered by the Awardee’s financial contingency plan.

  • The failure to provide evidence of access to the co-funding required for each subsequent Operational Milestone will result in a Suspension Event.

  • If CIRM requires co-funding, the minimum percentage of co-funding is required to be maintained at each Operational Milestone, hence if upon completion of an Operational Milestone the co- funding is any less than the required minimum in proportion to the CIRM funds disbursed for that Operational Milestone, CIRM will reduce the next payment by the amount the co-funding was short the requirement.

  • CIRM expects that the successful applicant will have developed contingency plans that thoughtfully identify risks to the project timeline and budget and provide details for covering such costs, including the source of funding (see “Contingency Plan” under Application Components).If any Operational Milestone is delayed 6 months or more beyond the scheduled completion date identified in the Notice of Award, CIRM, in its sole discretion, may terminate the award.

  • CIRM will also check to ensure the Awardee has access to the co-funding necessary to get to each subsequent Operational Milestone.

  • Awardees must report financial and scientific progress to CIRM quarterly and upon achievement of an Operational Milestone.

  • If Seller will be unable to timely meet any Operational Milestone, Seller shall also deliver written notice to Buyer informing Buyer that Seller will be unable to meet an Operational Milestone, but in any event Seller shall deliver notice to Buyer no later than five (5) Business Day after the due date of the Operational Milestone that Seller failed to achieve.


More Definitions of Operational Milestone

Operational Milestone means each of the First Operational Milestone, Second Operational Milestone and Third Operational Milestone.
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Operational Milestone means the Company achieving net sales of at least $45 million for the four quarters ending on March 31, 2007, as reported in the financial statements for such quarters contained in the Company’s Forms 10-K, 10-KSB, 10-Q and 10-Q-SB, as applicable, filed no later than May 15, 2007. Concurrently with the last such filing, the Company shall also provide each Holder with a written certification, executed on behalf of the Company by its Chief Financial Officer, certifying whether the Company has or has not surpassed the Operational Milestone.
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Operational Milestone has the meaning set out in clause 5.3.1 of this Agreement;
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Operational Milestone means the Licensee rebranding the Brightline Business under the Names by the end of the Rebrand Period in accordance with Clause 3.12;
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Operational Milestone means those Milestones that relate to activities that do not incur capital expenditure, as set out in Table 2 of Schedule 10 (Payment Mechanism);
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Related to Operational Milestone

  • 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.

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

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

  • Performance Objective means a standard established by the Committee to determine in whole or in part whether a Performance Award shall be earned.

  • Clinical nurse specialist means a registered nurse with relevant post-basic qualifications and 12 months’ experience working in the clinical area of his/her specified post-basic qualification, or a minimum of four years’ post-basic registration experience, including three years’ experience in the relevant specialist field and who satisfies the local criteria.