Sales Plans Sample Clauses
The Sales Plans clause outlines the requirements and expectations for the creation, submission, and approval of sales strategies or forecasts within an agreement. Typically, it specifies how often sales plans must be prepared, the information they should include—such as sales targets, timelines, and marketing activities—and the process for review or modification. This clause ensures that both parties are aligned on sales objectives and activities, promoting transparency and accountability in achieving agreed-upon sales goals.
Sales Plans. Within thirty (30) days of the end of each Fiscal Quarter of the Term, Licensee will provide updated forecasts of Gross Sales and Net Sales for the current Contract Year. Prior to each Contract Year of the Term (but within thirty (30) days following the Effective Date as it relates to the first Contract Year), Licensee shall deliver to Licensor sales plans covering Licensee’s Gross Sales, and Net Sales for the then-next three (3) Contract Years, on a rolling basis.
Sales Plans. Licensor and Licensee shall mutually agree to, and approve of, a sales plan in the form set forth on Exhibit 4, as mutually amended by the parties from time to time (each, a “Sales Plan”) for each month during the Term (except as otherwise set forth in the Basic Terms). Each such Sales Plan will include, without limitation, all of the Plan Elements set forth in Exhibit 4, but Licensor’s approval rights will not extend to product pricing or discounts provided to any customer of any Branded Retail Store. Except as otherwise indicated by Licensor in writing, each such submission shall occur prior to the sale of any Licensed Product hereunder for the applicable time period to which the Sales Plan relates (as updated from time to time).
Sales Plans. Each Shareholder hereby agrees and covenants that, as soon as practicable after the date hereof, such Shareholder will take any and all actions reasonably necessary to suspend (until the Expiration Time) or terminate its participation in any and all plans adopted pursuant to Rule 10b5-1 promulgated under the Exchange Act to which such Shareholder is a party that relate to the Subject Shares, Options or any New Shares.
Sales Plans. Licensee and Licensor agree to work in good faith to develop a sales plan each quarter during the Term (each, a “Sales Plan”).