Market Development Funds. During the Initial Term (as defined in Section 6.1.3 below), xxxxxxxx.xxx shall pay to Concentric a market development fund in the amount of $41,666.67 per month to be spent by Concentric for co-branded marketing programs designed and implemented by Concentric and approved by xxxxxxxx.xxx, which approval shall not be unreasonably withheld or delayed, to increase the size of the market for Domain Registration, Web Hosting and E-Commerce services. To the extent that either Concentric or xxxxxxxx.xxx are able to track, in a mutually agreeable manner, the leads created by the co-branded marketing programs, such leads shall be counted toward the guaranteed minimum Concentric Opportunities as per Section 2.8. Concentric and xxxxxxxx.xxx will use reasonable efforts to track such leads. Such amount shall be paid to Concentric by xxxxxxxx.xxx on the fifteenth day of every month during the Initial Term following Concentric's delivery of an invoice. If such payment is not made timely, xxxxxxxx.xxx will pay a late fee equal to 1.5% for each month or portion thereof until all past-due obligations are paid. Within fifteen (15) days of the Effective Date(as defined in Section 6.1.1 below), Concentric and xxxxxxxx.xxx shall agree in writing as to the form of the co-branded marketing programs that shall benefit both Parties in an equitable manner. As requested in writing by xxxxxxxx.xxx no more than once per month during the Term, Concentric shall provide to xxxxxxxx.xxx evidence that demonstrates that the market development fund is being spent by Concentric in accordance with the co-branded marketing programs described in the previous sentence.
Market Development Funds. Red Hat may offer advertising credits, or other promotional programs or incentives to Tech Data as it offers to its other distributors or customers. Tech Data shall have the right, at Tech Data's option, to participate in such programs.
Market Development Funds. NSI shall offer VAR a market development program on the terms set forth in Schedule “C”. At NSI sole discretion, funds shall be allocated to execute mutually agreed upon Marketing Programs. In addition, NSI may from time to time offer other incentive programs to VAR. All such programs will be governed by such rules and guidelines as NSI may announce and modify from time to time at its discretion.
Market Development Funds. Eligibility for access to Marketing Development Funds (MDF), at VERITAS discretion and subject to requirements of then-current VERITAS MDF policy - Business Development Fund Rebate. Three percent (3%) of the Qualified Revenue, calculated and paid as described as follows: - For each of the first two (2) calendar quarters of the initial Term, Solutions Provider shall receive an amount equal to three-percent (3%) of Qualified Revenue VERITAS received during such quarter. If Solutions Provider has a DSA with VERITAS, such Qualified Revenue shall be calculated from Qualified Product purchases made by Solutions Provider. If Solutions Provider has an LSA with VERITAS, such Qualified Revenue shall be calculated from Qualified Product purchases made by Solutions Provider's Master Distributor to fulfill Solutions Provider orders. - Beginning with the third quarter of the initial Term, VERITAS may review Solutions Provider's sales volume from time to time to assess Solutions Provider's progress towards fulfilling its Annual Sales Target. Progress will be determined by extrapolating an annualized total based on averaged monthly totals of Qualified Revenue received thus far during the annual contract term to date. - If Solutions Provider's total annualized Qualified Revenue to VERITAS for Qualified Product purchases falls below the Annual Sales Target, VERITAS may adjust or eliminate Solutions Provider's rebate based on revenue performance levels for the quarter reviewed (See Section 3 above (Non-Compliance with Program Requirements). - Rebate payments will be paid within thirty (30) days of the end of each calendar quarter; by check if Solutions Provider had a LSA in effect during such quarter, or by credit memo for VERITAS Product purchases if Solutions Provider had an DSA in effect during such quarter. ENTERPRISE AUTHORIZED ELITE FOR USE WITH ENTERPRISE AUTHORIZED ELITE SOLUTIONS PROVIDERS ONLY.
Market Development Funds. NITI shall make available to Partner marketing development funds (“MDF”). The amount of MDF made avail- able shall be four percent (4%) of Partner’s net purchases, and is subject to the following terms:
A. MDF shall be used only in connection with expenditures on busi- ness development programs (such as: ad production assistance, di- rect mail programs, shows, advertising in regional or national trade and/or consumer publications, and sales training days) to be mutu- ally agreed upon by NITI and Partner, in writing, prior to com- mencing any program for which Partner intends to receive MDF from NITI for. No verbal commitments will be accepted;
B. MDF cannot be used to pay, in whole or in part, for any expenditure related to: the acquisition or consumption of alcoholic beverages, for travel expenditures, or to reduce cost;
C. NITI reserves the right to require Partner to pay for these expendi- tures in advance;
D. No MDF shall be provided, or accrued, on Partner’s purchases whereby Partner fails to pay NITI within the payment terms NITI grants to Partner;
E. Where Partner pays for these expenditures in advance, Partner shall provide NITI with an invoice to account for the use of MDF. NITI reserves the right to request and receive from Partner any third party invoice(s) required to substantiate the use of MDF;
F. From time to time or when requested by Partner, NITI shall inform Partner of Partner’s current MDF accrual;
G. NITI reserves the right to change, modify, or discontinue the MDF program, with thirty (30) days prior written notice to Partner;
H. At no time shall NITI withdraw MDF amounts that have been made available to Partner, through previously paid purchases, which have not been returned by Partner to NITI; I. Reimbursements of Partner expenditures, on programs approved for MDF funding, can be made in the form of a check from NITI to Partner, or in the form of a credit to be applied against any outstand- ing and currently past-due amounts owed to NITI by Partner; and J. Reimbursements owed to Partner shall become due net twenty-one (21) days after NITI receives all invoices required by NITI for such expenditure.
Market Development Funds. The applicable percentage of net sales price to be used when determining Market Development Fund levels with respect to London shall be [*].
Market Development Funds. NSI shall offer DISTRIBUTOR a market development program on the terms set forth in Schedule C. At NSI sole discretion, funds shall be allocated to execute mutually agreed upon Marketing Programs. In addition, NSI may from time to time offer other incentive programs to DISTRIBUTOR. All such programs will be governed by such rules and guidelines as NSI may announce and modify from time to time at its discretion. COMPANY 9 DISTRIBUTOR * Denotes confidential information that has been omitted from the exhibit and filed separately, accompanied by a confidential treatment request, with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933.
Market Development Funds. All market development funds made available by Sun to Software Spectrum shall be retained exclusively by Software Spectrum and shall not be considered when calculating any compensation under this Agreement. The parties anticipate that market development funds will be expended on marketing events jointly developed by Intraware and Software Spectrum under Section 5.2.5 above, subject to the terms of that Section.
Market Development Funds. Market Development Funds may be available to Gold and Platinum Partners that are in good standing. Partners, in good standing, committing at a Gold or Platinum level may be eligible for development of joint MDF programs (market development funds). These funds will be directed at specific joint marketing efforts to assist in building demand for Spectrum products and revenue for Partners. The fund percentage/level will be based on specific programs and marketing plans mutually defined and agreed to. In lieu of developing new MDF programs, Gold and Silver partners with existing vendor MDF programs, may submit their program(s) to Spectrum for consideration.
Market Development Funds. Supplier shall provide and adhere to the following funding and support requirements of the outlined sales and marketing activities with AT&T Cybersecurity through December 31, 2020 based on the budget that Supplier makes available for such activities, [***] , subject to an increase or decrease by mutual agreement of the parties. The requested funding CSMO is in support of, but not limited to, the following sales and marketing activities:
1. Customer and Sales Event sponsorship and specialized cybersecurity sponsorship activities;
2. Sales Trainings;
3. Sales Incentive(s);
4. Supplier, sales and marketing campaign(s);
5. Collateral distribution through AT&T Cybersecurity sales and distribution channels;
6. Creation of demos and use cases.
