MINIMUM SALES OBJECTIVE Clause Samples

The Minimum Sales Objective clause sets a required baseline level of sales that a party, typically a distributor or licensee, must achieve within a specified period. This clause often details the sales targets, the timeframes for measurement, and the consequences of failing to meet these objectives, such as potential termination of the agreement or loss of exclusivity. Its core function is to ensure that the party responsible for sales maintains a satisfactory level of performance, thereby protecting the interests of the supplier or licensor and incentivizing active promotion of the product or service.
MINIMUM SALES OBJECTIVE. 4.1 The parties acknowledge that the minimum volume of sales for the Territory (`Minimum Sales Objective') for each Agreement Year will be as described in Schedule B attached. 4.2 Distributor will use all reasonable efforts to achieve the Minimum Sales Objective in any given Agreement Year. In particular, Distributor will: a) actively promote, distribute and service the Products in the Territory; b) diligently pursue sales leads provided by RCAI; c) initiate sales programs, campaigns, surveys, promotions and advertising programs; d) comply with all provisions of this Agreement on training and advertising; and e) respond promptly and fully to any of RCAI's reasonable written requests for information on customers or market conditions in the Territory. f) reasonably assist RCAI at RCAI's expense, when requested, in the development and testing of new products developed by RCAI
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MINIMUM SALES OBJECTIVE. 4.1 Promptly after the Effective Date hereof, RCAI and Distributor will determine a minimum volume of sales of the Products that Distributor will aim to achieve in the first Agreement Year. RCAI will review the minimum volume of sales of the Products prior to the beginning of any successive term during which this Agreement may continue in consultation with Distributor. The minimum volume of sales for the Territory (`Minimum Sales Objective') for each Agreement Year will be set forth in Schedule B attached. 4.2 Distributor will use its best efforts to achieve the Minimum Sales Objective in any given Agreement Year. In particular, Distributor will: a) actively promote, distribute and service the Products in the Territories; b) diligently pursue sales leads provided by RCAI; c) initiate sales programs, campaigns, surveys, promotions and advertising programs; d) comply with all provisions of Sections 8 and 9 hereof on training and advertising; and e) respond promptly and fully to any of RCAI's requests for information on customers or market conditions in Distributor's Territories. f) assist RCAI, when requested, in the development and testing of new products developed by RCAI
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MINIMUM SALES OBJECTIVE. 4.1 The parties acknowledge that the minimum volume of sales for the Territory (`Minimum Sales Objective') for each Agreement Year will be as described in Schedule B attached. 4.2 Distributor territory licensing fee of $50,000 USD will be paid by Distributor to RCAI by a surcharge of__$0.27 USD (twenty-seven US cents) per litre basis for all Products accepted by Distributor (it being understood and acknowledged by the parties that one gallon equals 3.785 litres). Upon payment of the total sum of $50,000 in this manner, Distributor shall have a fully paid up license. 4.3 Distributor will use all reasonable efforts to achieve the Minimum Sales Objective in any given Agreement Year. In particular, Distributor will: a) actively promote, distribute and service the Products in the Territory; b) diligently pursue sales leads provided by RCAI; c) initiate sales programs, campaigns, surveys, promotions and advertising programs; d) comply with all provisions of this Agreement on training and advertising; and e) respond promptly and fully to any of RCAI's reasonable written requests for information on customers or market conditions in the Territory.
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MINIMUM SALES OBJECTIVE. 4.1 Set out on Exhibit A hereto are minimum volume of sales of the Products that Distributor commits to use its best efforts to achieve for each of the Territories on a quarterly basis in the first Agreement Year. RCAI will review the minimum quarterly volume of sales of the Products prior to the beginning of any successive term during which this Agreement may continue and RCAI may change and adjust such minimums as it, in its sole judgment, sees fit. 4.2 Distributor will use its best efforts to achieve the Minimum Sales Objective in any given Agreement Year. In particular, Distributor will: a) actively promote, distribute and service the Products in the Territories; b) diligently pursue sales leads provided by RCAI; c) initiate sales programs, campaigns, surveys, promotions and advertising programs; d) comply with all provisions of Sections 8 and 9 hereof on training and advertising; and e) respond promptly and fully to any of RCAI's requests for information on customers or market conditions in Distributor's Territories. f) assist RCAI, when requested, in the development and testing of new products developed by RCAI 4.3 In the event that Distributor fails to achieve the Minimum Sales Objective in one or more of the Territories in any quarterly period, RCAI may, in its sole discretion, revise the Minimum Sales Objective for the subject Territory or Territories, and/or revoke the exclusive appointment granted herein in the subject Territory or Territories with immediate effect and appoint other distributors in the Territory or Territories, and/or terminate this Agreement in full, or as to such territory, immediately upon 20 days written notice to Distributor.
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Related to MINIMUM SALES OBJECTIVE

  • Program Objectives Implement a rigorous constructability program following The University of Texas System, Office of Capital Projects Constructability Manual. Identify and document Project cost and schedule savings (targeted costs are 5% of construction costs). Clarification of Project goals, objectives.

  • Goals & Objectives The purpose of this Agreement is to ensure that the proper elements and commitments are in place to provide consistent IT service support and delivery to the Customer by the Service Provider. The goal of this Agreement is to obtain mutual agreement for IT service provision between the Service Provider(s) and Customer(s). The objectives of this Agreement are to: • Provide clear reference to service ownership, accountability, roles and/or responsibilities. • Present a clear, concise and measurable description of service provision to the customer. • Match perceptions of expected service provision with actual service support & delivery.

  • Agreement Objectives (a) The fundamental objective that the Parties have in creating the Agreement is to produce an agreed industrial relations framework that encourages achievement of the following goals on the Project. (1) A safe and healthy Project Site environment where everyone works towards achieving the health and safety management philosophy of an injury and incident free Project; (2) A Project where everyone has the opportunity to perform their best work and achieve a sense of personal satisfaction by the time they complete their work assignment; (3) A Project where all participants' efforts and best work translate into a high quality result for the Project; (4) A Project where all participants work toward the common goal of completing the construction work on the Project within the defined schedule and budget; (5) A Project where leaders focus on understanding and dealing with people issues; (6) A Project where all participants listen to others point of view and act to amicably resolve any differences of opinion that may occur from time to time without ever resorting to unreasonable or unlawful means to achieve the result they wish to achieve; (7) A Project where, by all the participants acting in a considerate and respectful manner, positive relations with the local community they are performing the construction work in are maintained. (b) The Employer is accountable to: (1) Provide the management resource and support needed to achieve an injury and incident free Project; (2) Encourage its leaders to focus on issues raised by any member of their team; (3) Ensure its leaders act to address appropriately and in a timely manner, any concern raised by any member of their team; (4) Act at all times with fairness, honesty and in a trustworthy manner, responding to issues or concerns raised in a timely manner; (5) Recognise the talents and capabilities of their Employees and encourage excellence in construction execution. (c) Each Employee is accountable to: (1) Establish and maintain a safe and healthy work area, ensure safe and healthy work practices are followed at all times and within their duty of care, take responsibility for their personal safety and the safety of other Employees; (2) Comply with Project environmental health and safety regulations, procedures and practices; (3) Participate in and comply with the Project’s cultural and environmental processes; (4) Ensure their personal fitness for work on each day they are scheduled to work; (5) In all of their dealings with other Employees and their Employer, act with fairness and respect; (6) Work towards both the Project and their team’s goals to the full extent of their personal capacity; and (7) Raise any personal concern/issue directly with their immediate team leader/supervisor thereby providing the Employer with an opportunity to resolve/assist the concern/issue. If the team leader/supervisor is not available, then raise the matter with a more senior Employer leader.

  • Performance Targets Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

  • PERFORMANCE OBJECTIVES 4.1 The Performance Plan (Annexure A) sets out- 4.1.1 the performance objectives and targets that must be met by the Employee; and 4.1.2 the time frames within which those performance objectives and targets must be met. 4.2 The performance objectives and targets reflected in Annexure A are set by the Employer in consultation with the Employee and based on the Integrated Development Plan, Service Delivery and Budget Implementation Plan (SDBIP) and the Budget of the Employer, and shall include key objectives; key performance indicators; target dates and weightings. 4.2.1 The key objectives describe the main tasks that need to be done. 4.2.2 The key performance indicators provide the details of the evidence that must be provided to show that a key objective has been achieved. 4.2.3 The target dates describe the timeframe in which the work must be achieved. 4.2.4 The weightings show the relative importance of the key objectives to each other. 4.3 The Employee’s performance will, in addition, be measured in terms of contributions to the goals and strategies set out in the Employer’s Integrated Development Plan.