Transiently-powered systems featuring non-volatile memory as well as external peripherals enable the development of new low-power sensor applications. However, as programmers, we are ill-equipped to reason about systems where power failures are the norm rather than the exception. A first challenge consists in being able to capture all the volatile state of the application -external peripherals includedto ensure progress. A second, more fundamental, challenge consists in specifying how power failures may interact with peripheral operations. In this paper, we propose a formal specification of intermittent computing with peripherals, an axiomatic model of interrupt-based checkpointing as well as its proof of correctness, machine-checked in the Coq proof assistant. We also illustrate our model with several systems proposed in the literature.