American Export Market Sample Clauses

American Export Market. Buyer and each Shareholder acknowledge and agree that Buyer intends to and shall, as soon as practicable after the Closing and with a target date of January 1, 1998, divest from the sales force of the Company all responsibility for export sales to Canada, Mexico, Central America and South America (the "American Export Market"). Such sales shall be handled by a sales force maintained by Buyer or one or more of its subsidiaries for the specific purpose of selling the products of Buyer and its subsidiaries to the American Export Market. The Company shall bear a proportionate share of the total costs of Buyer's sales efforts in the American Export Market, which share shall be determined as the product of (x) the total sales costs of Buyer for its efforts in the American Export Market, which Buyer shall record, compute and maintain as separate records subject to review by Xxxx, and (y) a fraction having as a numerator the sales volume of the Company in the American Export Market for FYE 00 and having as a denominator the total sales volume of Buyer and all of its subsidiaries in the American Export Market for FYE 00. For purposes of this Section 10.16(e), the total sales costs of Buyer for its efforts in the American Export Market shall include only the direct and indirect costs of the sales force in the American Export Market (salaries, benefits, bonuses, commissions and related expenses including travel and entertainment expenses); marketing expenses (including advertising, product literature, product certification, translations of instructions, product literature and advertising) for the Company's products shall be borne by the Company and shall be treated as expenses of the Company when computing EBIT.
Sample 1
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