Annualized Sales definition
Examples of Annualized Sales in a sentence
Attachment A sets forth examples of the application of the Compensation Schedule to Projected Annualized Sales.
If Net Annualized Sales equal or exceed $100,000,000 during any quarter within the fifth anniversary of the Closing, Y2 shall have the right to call a number of shares of capital stock equal to fifty percent (50%) of the issued and outstanding preferred stock of Logistics held by Midwest Merger Management, LLC, a Kentucky limited liability company ("Midwest") at a price to be determined by an appraiser or other actuary located within the State of Kentucky within sixty (60) days of the notice of Y2's call.
For the second and third quarters of any Agreement Year, ▇▇▇▇▇ shall adjust the Compensation to reflect any increase or decrease in Projected Annualized Sales from the previous quarter.
The Annual Multiplier shall be as follows: AGREEMENT YEAR ANNUAL MULTIPLIER 1999 **** 2000 **** 2001 **** 2002 **** 2003 **** 2004 **** ▇▇▇▇▇ will track the performance of the Products at the end of each quarter of each Agreement Year, and will annualize Commissionable Revenues for the Agreement Year based upon actual Commissionable Revenues year to date (the "Projected Annualized Sales").
At the conclusion of, and within thirty (30) days of the availability of the ******************* for, each of the first three (3) quarters of an Agreement Year, ▇▇▇▇▇ shall determine the amount to be paid to Kos (the "Compensation") by applying the Commission Schedule to the Projected Annualized Sales.
Annualized Sales Volume is the greater of (1) the sum of the monthly Sales Volume since the account was activated, divided by the number of months the account has been active, and then multiplied by twelve (12), or (2) the estimated annual Sales Volume listed in the Agreement.
Commencing on the third anniversary of the Closing, for each $1,000,000 that Net Annualized Sales exceed the Minimum Revenues on a quarterly basis, Logistics shall issue an option to Y2 to purchase One Million (1,000,000) shares of Logistics' Common Stock at an exercise price equal to the closing bid price of the Common Stock on the date of issuance of such option.
Within thirty (30) days of receipt of the ********************* following the end of an Agreement Year, ▇▇▇▇▇ shall pay to Kos, or Kos reimburse ▇▇▇▇▇, the difference between the compensation due on the actual Commissionable Revenues for that Agreement Year and the Compensation the Commission Schedule to the Projected Annualized Sales that shall have been paid to Kos over the previous three quarters of such Agreement Year.