Net Sales Target definition
Examples of Net Sales Target in a sentence
Except as set forth in Section 8.1, this Agreement may be terminated by Principal upon 120 days prior written notice to Agent after the occurrence of any of the following events: (i) a material change in the management, ownership or control or Agent; or (ii) the aggregate Net Invoice Price or the Products sold by Agent in the Territory in the relevant Contract Period is less than the Minimum Net Sales Target.
For the Net Sales Target, the Threshold is “Net Sales” (as defined in Section A.3(a)(3) below) must exceed $______________.
On or prior to the last day of the Initial Net Sales Target Period, Representative may object to the Initial Net Sales Target Statement by delivering to Parent a written statement setting forth its objections in reasonable detail, indicating each disputed item or amount and the basis for its disagreement therewith (the “Initial Net Sales Target Objections Notice”).
In the event the Net Sales Target is achieved for the applicable Earn-Out Period, the Earn-Out Payment shall be equal to the amounts set forth on Schedule 1.03.
If the Company’s Net Sales Growth (defined below) for any of the fiscal years ended December 31, 2024, 2025 or 2026 (each, a “Target Year”) is at least the applicable Net Sales Target set forth on Schedule I hereto, then, on the Vesting Date, a corresponding portion of the Award shall vest as set forth on Schedule I hereto.
If, at the end of the year, it turns out that Licensee’s actual Earned Royalty Rate is greater than the projected Earned Royalty Rate because Licensee has not met the Net Sales Target as anticipated in the Sales Plan, Licensee shall pay LS&CO., at the time it delivers the annual statement for that Annual Period as described in Section 9.2, the difference between the actual Earned Royalties owed and the Earned Royalty amounts paid to date with its next quarterly payment.
Each Performance Share represents a contractual right to receive one (1) Share upon the Company's achievement of the Net Sales Target and the ROIC Target and the satisfaction of the terms and conditions of this Agreement.
Further, the actual number of Performance Shares subject to this Agreement based upon the Company's achievement of the Net Sales Target shall be determined by applying straight-line interpolation rounded down to the nearest whole number of Performance Shares.
Subject to Section 8.07 and subject to Closing, Buyer shall make earn-out payments to each Seller, in accordance with their Pro Rata Shares, in accordance with this Section (the “Earn-Out Payment”), if, and only if, the business of the Company Parties (the “Business”) achieves the Net Sales Target as set forth in this Section 1.03.
If the EBITDA Target has been achieved and 2007 Net Sales are equal to the Net Sales Target, then the amount of the Earn-Out Payment will be One Million Dollars ($1,000,000).