Strategic Milestones definition

Strategic Milestones means Strategic Milestone 1, Strategic Milestone 2, Strategic Milestone 3, Strategic Milestone 4, Strategic Milestone 5, and Strategic Milestone 6; and
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Strategic Milestones has the meaning set forth in Section 6(c) of this Agreement.
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Strategic Milestones means (a) TIM’s presentation to the FSGI board of directors of a reasonably complete draft of the Strategic Plan; and (b) the Company and the Bank having capital levels equal to or in excess of the capital levels generally necessary for a bank holding company or national bank, as applicable to be considered well-capitalized and without taking into account any order, memorandum of understanding or similar directive specifically applicable to the Company or the Bank, and the Bank having a leverage ratio of at least 9.0% and a total risk-based capital ratio of at least 13.0%. The Company’s capital ratios will be those set forth in the Company’s periodic reports filed with the SEC or the Federal Reserve, and the Bank’s capital ratios will be those set forth in the Bank’s Call Reports; provided, however, that if the Company issues a press release announcing the sale of Securities and disclosing capital ratios that, giving effect to the proceeds of such sale, meet the criteria in clause (b) of the preceding sentence, that criteria shall be deemed to have been satisfied. If, during the term of this Agreement and prior to the achievement of the Strategic Milestones, the Company enters into an Alternative Transaction (as defined below), FSGI shall pay XXX x xxxx fee equal to $500,000 at the closing of the Alternative Transaction, which payment shall be in lieu of any other Success Payment provided for herein. As used in this Agreement, the phrase Alternative Transaction means a transaction, including a sale of Securities, that results, directly or indirectly, in: (i) a sale of substantially all of the common stock of the Company or the Bank, whether by merger, share exchange, tender offer or other form of transaction; (ii) a sale of all or substantially all of the Company’s assets; or (iii) any “person” (as such term is used in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934 (the “1934 Act”) becoming a “beneficial owner” (as such term is defined in Rule 13d-3 promulgated under the 1934 Act), directly or indirectly, of securities of the Company or the Bank representing twenty-five percent (25%) or more of the total number of votes that may be cast for the election of directors of the Company or the Bank, as applicable (other than in the case of the Bank, for the Company’s ownership of the capital stock of the Bank). Further, XXX will be reimbursed for actual and reasonable travel expenses as well as other reasonable and customary expenses in conne...
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Examples of Strategic Milestones in a sentence

  • In the Program, the Performance Goals have each been ascribed a percentage (each a "Target Percentage") as follows: Income from Continuing Operations (50%), Return on Invested Capital (20%) and Strategic Milestones (30%).

  • The purpose of the FY 2011 Executive Annual Strategic Milestones Incentive Plan is to enable the Company to reinforce and sustain a culture devoted to excellent performance, reward significant contributions to the success of Wiley, and attract and retain highly qualified executives.

  • The purpose of the FY 2008 Executive Annual Strategic Milestones Incentive Plan is to enable the Company to reinforce and sustain a culture devoted to excellent performance, reward significant contributions to the success of Wiley, and attract and retain highly qualified executives.

  • The Strategic Milestones will be finalized and documented no later than seven days after the Note Parties countersign the engagement letter set forth in Section 6(b)(ii).

  • The purpose of the FY 2016 Executive Annual Strategic Milestones Incentive Plan is to enable the Company to reinforce and sustain a culture devoted to excellent performance, reward significant contributions to the success of Wiley, and attract and retain highly qualified executives.

  • Walker Vice President, General Counsel & Secretary Date: November 1, 2007 Exhibit 99.1 Microvision Announces Third Quarter 2007 Results Company Progresses on Key Strategic Milestones, Reduces Quarterly Cash Burn by 17% REDMOND, Wash.--(BUSINESS WIRE)--Nov.

  • The Note Parties shall satisfy each of the Strategic Milestones on or before the dates set forth therein (or such longer period acceptable to the Required Super Senior Holders in their sole discretion (or if a Holder Representative is in place, the Holder Representative subject to Section 7)).

  • The purpose of the FY 2018 Executive Annual Strategic Milestones Incentive Plan is to enable the Company to reinforce and sustain a culture devoted to excellent performance, reward significant contributions to the success of Wiley, and attract and retain highly qualified executives.

  • Subsequent disbursements will be made as supporting documentation is received and approved by Florida Housing.

  • AFC Strategic Milestones have been developed to support the three DOE-NE sustainable nuclear fuel cycle options as well as the fuel modeling and simulation activities through 2050.


More Definitions of Strategic Milestones

Strategic Milestones means each of the following: (a) on or before January 1, 2003, the Company shall have caused the UK Financing to be consummated, shall have received not less than $1,000,000 of Net Proceeds or Net Issuance Proceeds from such transaction, as the case may be, and shall have applied such proceeds in accordance with Section 2.09 hereof, (b) on or before June 30, 2003, the board of directors of the Company shall have approved a reasonably feasible plan to repay the Obligations in cash or other immediately available funds on or prior to the Final Maturity Date, and the Company shall have presented such plan to the Agent and the Banks, on or before June 30, 2003, (c) on or before July 31, 2003, the Company shall have commenced diligent and reasonable efforts to refinance the Obligations in cash or other immediately available funds, or to sell substantially all of the Company's businesses, and (d) on or before August 31, 2003, the Company shall have provided the Agent and the Banks with reasonable evidence that it has achieved material progress in its efforts to refinance the Obligations in cash or other immediately available funds, or to sell substantially all of the Company's businesses.
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Strategic Milestones means each of the following, in each case in a manner substantially consistent with general investment banking practices employed with respect to such processes as conducted in the United States: (a) the Company's distribution, on or before January 31, 2002, of comprehensive offering memoranda to prospective purchasers or investors providing disclosure necessary for the Company to offer to sell or otherwise dispose of substantially all of its Pure Water Division and (b) the Company's setting forth a due date, which shall be not later than April 15, 2002, for such prospective purchasers or investors to submit to the Company written expressions of interest in purchasing or otherwise acquiring substantially all of its Pure Water Division.
Sample 1
Strategic Milestones means each of the following, in each case in a manner substantially consistent with general investment banking practices employed with respect to such processes as conducted in the United States: (a) the Company's distribution, on or before May 31, 2001, of comprehensive offering memoranda to prospective purchasers or investors providing disclosure necessary for the Company to offer to sell or otherwise dispose of all or substantially all of each of its domestic Remaining Business Units and (b) the Company's setting forth, on or before June 30, 2001, a due date for such prospective purchasers or investors to submit to the Company written expressions of interest in purchasing or otherwise acquiring all or substantially all of one or more of its domestic Remaining Business Units.
Sample 1

Related to Strategic Milestones

  • 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 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.

  • 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.

  • Development Milestone is defined in Section 5.3.

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

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

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

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

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

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

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

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

  • 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;

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

  • Strategic Plan means the plan which the Integration Joint Board is required to prepare and implement in relation to the delegated provision of health and social care services to adults in accordance with section 29 of the Act;

  • Goals means the annual level of participation by SBEs in City Contracts as established in this chapter, the SBE Regulations, or as necessary to comply with applicable federal and state nondiscrimination laws and regulations. Goals for individual Contracts may be adjusted as provided for in this chapter and shall not be construed as a minimum for any particular Contract or for any particular geographical area.

  • spatial development framework means the Mhlontlo Municipal Spatial Development Framework prepared and adopted in terms of sections 20 and 21 of the Act and Chapter 2 of this By-Law;

  • Goal means the intended or projected result of a comprehensive corrections plan or community corrections program to reduce prison commitment rates, to reduce the length of stay in a jail, or to improve the utilization of a jail.

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

  • 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.

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

  • 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").

  • Specific goals means specific goals as contemplated in section 2(1)(d) of the PPPFA which may include contracting with persons, or group of persons, historically disadvantaged by unfair discrimination on the basis of race, gender and disability including the implementation of programmes of the Reconstruction and Development Programme as published in Government Gazette No. 16085 dated 23 November 1994.

  • Performance Monitoring System has the meaning given to it in paragraph 1.1.2 in Part B of Schedule 6 (Service Levels, Service Credits and Performance Monitoring);