Annual Net Sales Baseline definition

Annual Net Sales Baseline means the Annual Net Sales Baseline for Agreement Year 2005 as set forth on Exhibit 1 attached hereto, as adjusted from time to time in accordance with this Agreement.
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Examples of Annual Net Sales Baseline in a sentence

  • For Agreement Year 2005, subject to Article 6.2(b), Reliant shall be compensated based upon a percentage of incremental Net Sales achieved above a pre-set and fixed Annual Net Sales Baseline.

  • Exhibit 1 outlines the Annual Net Sales Baseline for Agreement Year 2005 and the agreed percentage of Net Sales above the baseline that will be paid to Reliant by Novartis for Agreement Year 2005.

  • NOVARTIS PHARMACEUTICALS CORPORATION By: By: Title: Title: Exhibit 1: Compensation to Reliant for Agreement Year 2005 AGREEMENT YEAR Annual Net Sales Baseline ($ MILLIONS) Annual Net Sales Forecast ($ MILLIONS) Compensation to Reliant of Actual NET SALES ABOVE ANNUAL NET SALES BASELINE 2005 [***] [***] [***] % [***]: Certain information on this page has been omitted and filed separately with the Commission.

  • NOVARTIS PHARMACEUTICALS CORPORATION By: By: Title: Title: Exhibit 1: Compensation to Reliant for Agreement Year 2005 Exhibit 1: Compensation to Reliant for Agreement Year 2005 AGREEMENT YEAR Annual Net Sales Baseline ($ MILLIONS) Annual Net Sales Forecast ($ MILLIONS) Compensation to Reliant of Actual NET SALES ABOVE ANNUAL NET SALES BASELINE 2005 [***] [***] [***] % [***]: Certain information on this page has been omitted and filed separately with the Commission.

Related to Annual Net Sales Baseline

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Baseline means the “Initial Small Business Lending Baseline” set forth on the Initial Supplemental Report (as defined in the Definitive Agreement), subject to adjustment pursuant to Section 3(a).

  • Net Sales means [***].

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Project Year means the 12 month period beginning from the Effective Date and ending 12 months thereafter and each successive 12 month period following thereafter;

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Manufacturing Cost means [***].

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as