Minimum Net Sales Target Sample Clauses

Minimum Net Sales Target. The Minimum Net Sales Targets for Agent shall be as follows: Year of Initial Period Annual Minimum Net Sales Targets for ABC First Year $43,000 Second Year $1,000,000 Third Year $1,250,000 Thereafter TBD And for each subsequent Contract Period such amount as is specified by Principal to Agent in writing not less than one (1) month before the start of the relevant Contract Period or as otherwise agreed in writing between the parties, and if none is so specified or agreed in respect of a Contract Period, the sum shall be the same as applied for the Contract Period last preceding such Contract Period.
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Related to Minimum Net Sales Target

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Milestones Subject to the provisions of the SGIP, the Parties shall agree on milestones for which each Party is responsible and list them in Attachment 4 of this Agreement. A Party’s obligations under this provision may be extended by agreement. If a Party anticipates that it will be unable to meet a milestone for any reason other than a Force Majeure event, it shall immediately notify the other Parties of the reason(s) for not meeting the milestone and (1) propose the earliest reasonable alternate date by which it can attain this and future milestones, and (2) requesting appropriate amendments to Attachment 4. The Party affected by the failure to meet a milestone shall not unreasonably withhold agreement to such an amendment unless it will suffer significant uncompensated economic or operational harm from the delay, (1) attainment of the same milestone has previously been delayed, or (2) it has reason to believe that the delay in meeting the milestone is intentional or unwarranted notwithstanding the circumstances explained by the Party proposing the amendment.

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