Sales Years definition

Sales Years means any calendar year after the First Sales Year commencing from 1st January every year and end on 31st December every year and the last Sales Year shall commence on 1st January and end on the date of expiry or termination of this Agreement.
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Examples of Sales Years in a sentence

  • In subsequent Sales Years, Prometheus shall submit a proposed Marketing Plan to AstraZeneca and/or its Affiliates (as designated by AstraZeneca) for review and discussion by no later than September 30th in each such year, with a view to being finalized no later than December 1st of the same year.

  • Notwithstanding the foregoing sentence, Sample Product pricing in Sales Years subsequent to Sales Year 1 will be increased by the lower of (i) [***] percent ([***]%) over the prior Sales Year price ("[***]% Increase Value") or (ii) AstraZeneca's actual full manufacturing costs (including foreign exchange impact) ("Actual Costs Value").

  • If the First Shipment Date in Sales Year 1 occurs on other than the first day of the month, then Sales Year 1 shall end on the last day of the month in which the anniversary of the First Shipment Date occurs and all subsequent Sales Years shall end on the anniversary of such date.

  • In the event of a Significant Market Event, the Parties shall, upon the request of Prometheus in its sole discretion, meet within [***] of such request to discuss in good faith what, if any, changes should be made as a result of such Significant Market Event to the Minimum PDE Requirement, the Minimum A&P Spend, the Baseline Sales figures, the Tier 2 Revenues, the Firm Forecasts, the Purchase Orders and other key financial terms in the then-current Sales Year and subsequent Sales Years.

  • For the first three (3) Sales Years of this Agreement, if “Cygnus Product Profit,” as defined below, in any Sales Year is a negative amount, the payment of the Sales and Marketing Fee shall be deferred and payable out of future Cygnus Product Profit, as defined below, earned before April 1, 2008.

  • In each of the subsequent Sales Years, CVT will provide a quantity of Samples to Innovex such that the cost of goods of such Samples, divided by the aggregate Fully Burdened Cost to be incurred by Innovex in such Sales Year under the Marketing Plan then in effect, is at least equal to [ * ] divided by the sum of the Fully Burdened Cost of the Sales Force provided in Section 4.5.1(a) plus [ * ].

  • Notwithstanding the foregoing, in no event shall the Minimum PDE Requirement in Sales Years 1 or 2 be increased above [***] due to an sNDA Approval.

  • Notwithstanding the above, for the first three (3) Sales Years the royalty rates above shall be reduced to one percent (1%) of Net Sales of Licensed Product or Licensed Method.

  • A good faith sales forecast for each of the first three (3) Sales Years is attached hereto as Appendix 1 and made an integral part hereof.

  • Annual Sales Years السنة ..........................................................................