Third Contract Year definition

Third Contract Year means the twelve (12) month period commencing on the second anniversary of the Effective Date (each, a “Contract Year”).

Third Contract Year means the one-year period immediately following the Second Contract Year; the "Fourth Contract Year" means the one-year period immediately following the Third Contract Year; and the "Fifth Contract Period" means the period from June 1, 2003 until December 31, 2003. Each subsequent January 1st occurring during the period in which Employee is employed by the Company shall be deemed to commence a new contract year."

Third Contract Year. The sum of $650,000.00 (the "Minimum Guaranteed Royalty"), or an amount equal to 5% of the Net Sales of Licensed Items achieved during the Third Contract Year (the "Earned Royalty"), whichever is greater.

Examples of Third Contract Year in a sentence

• The JPT shall prepare the Annual Collaboration Plan (a) for the First Contract Year within thirty (30) days after the Effective Date, (b) for the Second Contract Year at least sixty (60) days prior to the commencement of such Contract Year, and (c) for the Third Contract Year and subsequent Contract Years at least ninety (90) days prior to the commencement of such Contract Year.

• The JSC shall review and approve the Annual Collaboration Plan (i) for the First Contract Year within forty-five (45) days after the Effective Date, (ii) for the Second Contract Year at least thirty (30) days prior to the commencement of such Contract Year, and (iii) for the Third Contract Year and subsequent Contract Years at least sixty (60) days prior to the commencement of such Contract Year.

• FAST MOVES shall have the option, at its sole discretion, to extend the Contract Term for a Third Contract Year to be defined as the period from October 1, 1990 to September 30, 1991.

• In addition, any “freight prepaid” prices shall include any freight and terminal costs then in effect and shall be subject to freight and terminal increases as they occur.* - Third Contract Year: Material prices to be agreed in writing by the parties; provided that, excluding any freight and terminal costs, the material price increase or price decrease for each product over that in effect during the immediately preceding Contract Year shall be no more than [***] in either case.

• The parties anticipate that the combined total personnel the parties will commit to the Research Program will start at an average of [**] FTEs for the First Contract Year and will escalate to an average of [**] FTEs for the Second Contract Year, [**] FTEs in the Third Contract Year and [**] FTEs for the Fourth Contract Year (i.e., these are the expected number of FTEs to be included in the Research Program Costs).

More Definitions of Third Contract Year

Third Contract Year. The sum of $260,000.00 (the "Minimum Guaranteed Advertising Royalty"), or an amount equal to 2% of the Net Sales of the Licensed Items achieved during such Contract Year (the "Earned Advertising Royalty"), whichever is greater.

Third Contract Year means the twelve-calendar-month period immediately following the Second Contract Year.

Third Contract Year means the period commencing on the second anniversary of the Effective Date and ending on the third anniversary of the Effective Date. CONFIDENTIAL TREATMENT REQUESTED. OMITTED PORTIONS MARKED WITH [*] AND FILED SEPARATELY WITH THE SEC. 11 / 43

Third Contract Year provided that the parties agree and acknowledge that at such time that Net Sales of Liz Merchandise bearing the ELISABETH trademark reach * for any consecutive 12 month period, the parties shall in good faith amend this paragraph (g) to provide for separate minimum Net Sales levels for each Contract Year for Liz Merchandise bearing the ELISABETH trademark.

Third Contract Year. Fifteen Thousand Dollars ($15,000.00);

Third Contract Year means the period from January 15, 2005 Agreement to but not including January 15, 2006.

Third Contract Year means the twelve (12) month period commencing June 1, 2005 and ending May 31, 2005; etc.