AMP. (a) The annual AMP budget shall be determined by Brand Owner in consultation with Importer. No later than September 30 in each Operational Year, Brand Owner and Importer shall meet to discuss the AMP budget for the next succeeding Operational Year and they shall confirm in writing, not later than January 31st of such Operational Year, the AMP budget and funding arrangements for the next succeeding Operational Year. (b) Brand Owner shall fund the budgeted amounts for AMP (excluding VAP) to Importer in advance on a quarterly basis for the first three quarters of each Operational Year, with a final reconciliation based on actual AMP expenditures (excluding VAP) in accordance with existing practice. The amount of such funding agreed by Brand Owner and Importer may be reflected in the purchase price per Case to Importer to the extent provided in Section 6 below.
Appears in 2 contracts
Sources: Extension and Amendment Agreement, Extension and Amendment Agreement (Castle Brands Inc)