Merchandise Coordinator Program Clause Samples
The Merchandise Coordinator Program clause establishes the framework for appointing and managing a designated individual or team responsible for overseeing the display, organization, and replenishment of merchandise at a retail location. Typically, this clause outlines the coordinator's duties, such as ensuring products are properly stocked, maintaining visual merchandising standards, and acting as a liaison between the retailer and suppliers. By clearly defining these responsibilities, the clause helps ensure consistent product presentation and inventory management, ultimately supporting sales and operational efficiency.
Merchandise Coordinator Program. Licensee may use its own merchandise coordinators provided that (i) Licensee establishes a contact person who shall work with Licensor’s representatives in respect of Licensee’s merchandise coordinators, and (ii) provides Licensor within sixty (60) days after the beginning of each Annual Period with a budget and description for Licensee’s merchandise coordinator program for the Licensed Products. Licensor may review the performance of Licensee’s coordinators and, if Licensor reasonably determines that Licensee’s coordinators are not performing adequately, then Licensor shall so notify Licensee, specifying the inadequate performance in reasonable detail. Within forty five (45) days after its receipt if such notice, Licensee shall remedy the inadequate performance. Notwithstanding the foregoing, Licensee shall (i) contribute * each Annual Period to Licensor’s Merchandise Coordinator Program to support broader brand merchandising coordination efforts, and (ii) provide training to Licensor’s retail store personnel as reasonably requested by Licensor.
Merchandise Coordinator Program. Licensee shall participate in Licensor's Merchandise Coordinator Program on a direct cost basis to be reasonably determined by Licensor. In no event shall the amount of Licensee's required participation for the First Annual Period exceed $100,000.00 and for each Annual Period thereafter exceed _____ (___%) percent of its Net Sales. Licensee shall be responsible for paying for the portion of such cost of the program as is dedicated to Licensee relative to the other licensees included in the program. Effective May 1, 1998, Licensor shall no longer include mens and boys footwear in Licensor's Merchandise Coordinator Program, however Licensee shall continue to pay to Licensor _____ (___%) percent of Net Sales of Licensed Products for the month of May 1998. Effective June 1, 1998, Licensor shall establish a separate merchandise coordination staff dedicated to the coordination of the Licensed Products (the "Program"). Thereafter, and throughout the Term, Licensee shall pay to Licensor on a quarterly basis, _____ (___%) percent of Net Sales of all Licensed Products (excluding Licensed Products sold in Licensee owned and operated stores, Seconds and Close-Outs) to support the Program. By September 30th of each Annual Period, the parties shall mutually agree upon an annual budget which shall set forth the allocation of funds in the Program for the following Annual Period ("Program Budget"). Any funds contained in the Program, but not expended during the Annual Period for which such funds were budgeted to be spent, shall roll-over into the Program Budget for following Annual Period. The Program Budget shall include all costs associated with in-store staffing and store planning allocations. All out-of-pocket expenses for the design, preparation and distribution of all materials to be used for marketing programs, as ordering mechanisms, for product knowledge or for product updates ("Sales Materials"), shall be incurred and borne by Licensee, separate and apart from the Program Budget. Licensee shall submit all such Sales Materials to Licensor for approval prior to such Sales Materials going into final production. Licensor shall endeavor to approve such submitted Sales Materials in a timely manner, and Licensee shall endeavor to make any necessary modifications to the Sales Materials indicated by Licensor. The percentage of Net Sales paid by Licensee for the Program which are a result of sales in Canada shall be designated for use in Canada.
Merchandise Coordinator Program. 22 9.5 No Set-Off......................................................................................22
Merchandise Coordinator Program. Licensee will establish and maintain a merchandise coordinator program consistent with its program for its other brands, which program shall be reasonably acceptable to Sweetface.
Merchandise Coordinator Program. Licensee may use its own merchandise coordinators provided that Licensee establishes a contact person who shall work with THL’s representatives in respect of Licensee’s merchandise coordinators. THL may review the performance of Licensee’s coordinators and, if THL reasonably determines that Licensee’s coordinators are not performing at a level consistent with industry standards, then THL shall so notify Licensee, specifying the inadequate performance in reasonable detail. Within 45 days after its receipt if such notice, Licensee shall remedy the inadequate performance.
Merchandise Coordinator Program. For the first Annual Period, Licensee shall use its own merchandise coordinators, but will have them trained and supervised by Hilfiger's coordinator training personnel, at Licensee's cost. Licensee total cost for maintaining a merchandise coordinator program in this manner shall be not less than * of Licensee's Net Sales. At the end of the first Annual Period, or at any time thereafter, Hilfiger may review the performance of Licensee's coordinators and if Hilfiger reasonably determines that Licensee's coordinators are not performing adequately, Licensee will turn this responsibility over to Hilfiger's Merchandise Coordinator Program. In such event, Licensee will pay to Hilfiger * of Net Sales (excluding sales of Seconds and Close-Outs) in each Annual Period for its participation in Hilfiger's Merchandise Coordinator Program. This amount will be payable in quarterly installments on January 1, April 1, July 1 and October 1.
Merchandise Coordinator Program. Licensee shall establish and maintain a Merchandise Coordinator Program modeled after, and to the level of, the program that operates in the United States under the ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ U.S.A., Inc. corporate structure. The manager of Licensee's program shall comply with Hilfiger's direction from time to time as to the operation of the program, including, but not limited to, employing sufficient coordinators to adequately maintain and provide __________________ * This information, which has been filed separately with the Securities and Exchange Commission, has been omitted and is the subject of a request made to the Commission for confidential treatment. training for the individual free-standing stores and department store customers. At no time during the Term may Licensee employ less than three (3) merchandise coordinators.