Minimum Sales Quota definition

Minimum Sales Quota. Year one: 200,000 units, Year two 300,000 units, -------------------- Year three 350,000 units, Year four 400,000 units, Year five 450,000 units.
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Minimum Sales Quota means, with respect to Canada, an 18-month rolling average of Gross Revenue equal to $1,000,000 for the initial term. Subsequent targets shall be set annually and mutually agreed amongst the parties.
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Examples of Minimum Sales Quota in a sentence

  • The Minimum Sales Quota for the first six (6) months of calendar year 2003 shall be *****.

  • The Minimum Sales Quota for the forth quarter of any calendar year during the remaining term of this Agreement shall be equal to the applicable Original Minimum Annual Sales Quota, multiplied by the higher of (X) 32%, and (Y) the Excess Sales Quota Percentage for the prior six (6) months.

  • The Minimum Sales Quota for the calendar year 2005 shall be *****.

  • The Minimum Sales Quota for the calendar year 2004 shall be *****.

  • The Minimum Sales Quota for the last six (6) months of calendar year 2002 shall be *****.

  • Except as expressly provided otherwise below, Align shall have the right to give written notice of termination of this Agreement to Discus within forty-five (45) days after the end of any sales period set forth below where Discus has failed to meet the following minimum sales quotas (each, a "Minimum Sales Quota").

  • Minimum Sales Quota - the term "Minimum Sales Quota" as used in this Agreement shall have the meaning set forth in Section VIII(D).

  • However, if Discus fails to achieve thirty-five percent (35%) of the Minimum Sales Quota during the Cure Period, Align shall have the right to (a) give written notice of termination of this Agreement to Discus within forty-five (45) days after the end of such Cure Period, and (b) set the effective date of such termination to be any date within 180 days after the date of such termination notice.

  • MRG shall have the right to terminate MiniMed's exclusive distribution rights for the failure to purchase the Minimum Sales Quota for such fractional year only if MiniMed has failed to purchase one-half of the combined Minimum Sales Quota for the combined period as contemplated by 7.4.1(i) above and it has not used commercially reasonable efforts during the combined period to promote and sell the Licensed Products as contemplated by 7.4.1(ii) above.

  • The Minimum Sales Quota for the sales period extending from the execution of this Agreement through the end of March 2002 shall be ***** The Minimum Sales Quota for the sales period extending from April 1, 2002 through June 30, 2002 shall be *****.