Kit definition
Examples of Kit in a sentence
Insurer will send a preliminary draft of the Welcome Kit to Company and Independent Fiduciary by [* * *], and Insurer will consider in good faith any comments made by Company or Independent Fiduciary on or before [* * *] after they receive the preliminary draft of the Welcome Kit from Insurer.
Notwithstanding anything to the contrary in this definition of Net Sales, Licensee shall not structure the pricing, composition, bundling, sale, or distribution of any Kit, or otherwise take any action, for the primary purpose of reducing the Net Sales attributable to the Licensed Products or the royalties payable to Licensor under this Agreement.
On or before January 16, 2026 (or such other date agreed to by the parties) (the “Welcome Kit Mailing Date”), Insurer will mail a welcome kit to each annuitant under the Contract (the “Welcome Kit”).
Net Sales for each Kit shall be calculated the same as the above, with any reference to a Licensed Product to be replaced with a reference to all products comprising the Kit.
In no event shall the portion of Net Sales allocated to the Licensed Products contained in any Kit pursuant to this Section be less than the percentage of Net Sales that would have been attributable to such Licensed Products had they been sold on a stand-alone basis at their average net selling price in the applicable Territory during the same reporting period, adjusted on a pro rata basis to reflect the number of units of such Licensed Products included in the Kit.