Sales Quotas. This Agreement is being entered into based upon good faith sales estimates provided by JADEMAR. JADEMAR's sales quota for the first full contract year shall be $750,000 of K-TRONIK Product; for the second contract year, $1,500,000 ; and for the third contract year, $2,000,000. For purposes of the foregoing, contract years shall be considered calendar years beginning with calendar year 2000. For reference purposes only, for the calendar year 1999, JADEMAR's sales goal will be $150,000. During any renewal term, JADEMAR and K-TRONIK shall jointly develop a sales quota for each year of the renewal term. The sales quota for each such year shall take into consideration prior sales volumes, existing market conditions and reasonable sales growth targets (e.g. 5% to 15% per year).
Appears in 4 contracts
Samples: Distributorship Agreement (K Tronik International Corp), Distributorship Agreement (K Tronik International Corp), Distributorship Agreement (K Tronik International Corp)
