Annual Sales Target definition

Annual Sales Target means the minimum level of sales as may be specified in the Marketing and Sales Plan or otherwise notified to ATOC that the Agent must achieve under this Agreement.
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Annual Sales Target means, for each Contract Year following the Stub Year, an amount to be mutually agreed by the parties (determination of which, if necessary, will be escalated to a senior executive of each party) following good faith discussions for a reasonable period of time prior to and/or during Rangers, LLC’s budget process for the applicable Contract Year; provided, however, that, in the event that the parties are unable to agree on an Annual Sales Target for any Contract Year, the Annual Sales Target will be 103% of the Annual Sales Target for the immediately preceding Contract Year (provided further that the Annual Sales Target for the 2020-21 Contract Year will be no less than the gross sales revenue actually received by Representative, Rangers, LLC, MSG Sports, LLC or the appropriate Rangers-specific entity without duplication, as applicable, from Team Sponsorship Assets contained in Sponsorship Agreements during the 2019-20 fiscal year (i.e., July 1, 2019 through June 30, 2020)). For clarity, the Annual Sales Target amounts shall not include Gross Revenue from the sale of Arena Game Shared Sponsorship Assets, Non-Team Sponsorship Assets and/or Playoff Sponsorship Assets.
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Annual Sales Target means the annual minimum sales target set forth in Exhibit B (Program Requirements, Benefits and Terms), comprising total license revenue, net of discounts, paid to VERITAS for Solutions Provider’s purchases of Qualified Product under this Agreement.
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Examples of Annual Sales Target in a sentence

  • Should the Agent fail to achieve the second Annual Sales Target for one or more of its Authorised offices ATOC shall immediately terminate the ATOC licence for the Agent concerned, unless at its sole discretion, ATOC confirms in writing that the Agent may retain its ATOC licence.

  • The Agent shall always prepare and agree with ATOC a Marketing and Sales Plan and an Annual Sales Target (in such format and on such media as ATOC shall specify) for all of its Authorised Offices under this Agreement for the first year of the Agent being licensed for the sale of Rail Products and provision of Train Service Information.

  • ATOC may at its discretion at any time request the Agent to provide it with a Marketing and Sales Plan and an Annual Sales Target (in such format and on such media as ATOC shall specify) for the sale of Rail Products and provision of Train Service Information for all of its Authorised Offices under this Agreement.

  • Any Annual Sales Target agreed between the Agent and ATOC shall not be less than £25,000 per annum or such other minimum sum as notified by ATOC from time to time.

  • Should the Agent fail to meet its first Annual Sales Target under this Agreement for one or more of its Authorised Offices then the Agent shall prepare and agree with ATOC a second Annual Sales Target for the next year in which it is authorised to sell Rail Products under this Agreement.

  • Midea had imposed the payment term in PI-1325 in breach of cl 4.2 of the MBA in order to prevent Tornado from achieving the 2013 Annual Sales Target, thereby hastening the fulfilment of the condition for termination under cl 2.2 of the MBA.

  • The parties had, pursuant to Issues (5) and (8) of the ALOI, asked the Tribunal to determine whether Midea was entitled to terminate the MBA by reason of Tornado’s failure to achieve the 2013 Annual Sales Target under the MBA.

  • Make an audio recording of the hearing that shall be kept in the dean’s office for at least one calendar year after the hearing’s conclusion.

  • For the whole of 2012, Tornado purchased and shipped 14,350 sets of Midea-branded products under the MBA, short of the Annual Sales Target of 30,000 sets.

  • Clause 2.2 of the MBA entitled Midea to terminate the MBA by giving 60 days’ prior written notice “at its own discretion and option” if (a) Tornado failed to achieve the Annual Sales Target in any year, (b) Tornado failed to achieve half of the Annual Sales Target by 30 June in any year (“Half-Year Sales Target”), or (c) it seemed “obviously impossible” for Tornado to meet the Annual Sales Target before the end of the year.


More Definitions of Annual Sales Target

Annual Sales Target has the meaning given to it in Clause 12.
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Annual Sales Target has the meaning set forth in Exhibit D.
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Annual Sales Target. The STEP PARTNER shall be obligated to satisfy the annual Sales Target agreed with Hanwha Techwin and upon failure to do so, it is mutually agreed that it may affect the evaluation of the rank of Partner.
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Annual Sales Target means a specified number of Systems targeted to be sold in the Territory by LEICA and VENDOR collectively, during a specified 12-month period during the Agreement Term: (i) there shall be no Annual Sales Target initial for the initial 12-month period of the Agreement Term, and (ii) with respect to each subsequent 12-month period of the Agreement Term, the Annual Sales Target shall be such number of Systems to be mutually agreed upon by the parties at least 90 days prior to the beginning of the immediately following 12-month period.
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Related to Annual Sales Target

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

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

  • 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;

  • 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.

  • 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.

  • 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.

  • Annual Period means each twelve (12) month period commencing on the Effective Date and, thereafter, on each anniversary of the Effective Date.

  • Program Year means the annual period beginning January 1 and ending December 31.

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

  • KPI Target means the acceptable performance level for a KPI as set out in each KPI;

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31.

  • 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.

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • 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;

  • Net Sales means [***].

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Planning Period Quarter means any of the following three month periods in the Planning Period: June, July and August; September, October and November; December, January and February; or March, April and May.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Annual Work Plan means any of the Annual Work Plans.

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA; ‘HESA’ means the Higher Education Support Xxx 0000; ‘maximum basic grant amount’ or ‘MBGA’ has the same meaning as in subclause 1(1) of Schedule 1 of HESA.

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Quarter means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.