Net Revenue Split. All sales of Merchandise shall be made through ▇▇▇▇▇ Mart’s normal cash registers and by use of ▇▇▇▇▇ Mart’s normal sales recording equipment and will be identified with the Shoe Department. The Net Revenue from each sale of Supplier’s Merchandise, other than Internet Merchandise sold through the Website, shall be split 80% to Supplier and 20% to ▇▇▇▇▇ Mart. As of the date Supplier commences fulfillment of Internet Merchandise sold, the Net Revenue Split from the sale of Internet Merchandise shall be split 90.5% to Supplier and 9.5% to ▇▇▇▇▇ Mart. ▇▇▇▇▇ Mart retains all shipping revenue generated from Internet Merchandise sold through the Website, including footwear only orders. ▇▇▇▇▇ Mart in its sole discretion may charge shipping and/or return shipping costs to its Internet Merchandise customers. In the event that customer-paid shipping charges exceed fifty (50) percent of total orders shipped in an quarterly period, then a recalculation of the Net Revenue Split will be mutually determined by the parties to incorporate an equitable adjustment based on the customer-paid shipping charges.
Appears in 1 contract
Sources: Supply Agreement (DSW Inc.)
Net Revenue Split. All sales of Merchandise shall be made through ▇▇▇▇▇ Mart’s 's normal cash registers and by use of ▇▇▇▇▇ Mart’s 's normal sales recording equipment and will be identified with the Shoe Department. The Net Revenue from each sale of Supplier’s 's Merchandise, other than Internet Merchandise sold through the Website, shall be split 80% to Supplier and 20% to ▇▇▇▇▇ Mart. As of the date Supplier commences fulfillment of Internet Merchandise sold, the Net Revenue Split from the sale of Internet Merchandise shall be split 90.5% to Supplier and 9.5% to ▇▇▇▇▇ Mart. ▇▇▇▇▇ Mart retains all shipping revenue generated from Internet Merchandise sold through the Website, including footwear only orders. ▇▇▇▇▇ Mart in its sole discretion may charge shipping and/or return shipping costs to its Internet Merchandise customers. In the event that customer-paid shipping charges exceed fifty (50) percent of total orders shipped in an any quarterly period, then a recalculation of the Net Revenue Split will be mutually determined by the parties to incorporate an equitable adjustment based on the customer-paid shipping charges.
Appears in 1 contract
Sources: Supply Agreement (Stein Mart Inc)