Net Sales Target definition

Net Sales Target means the target dollar amount for annual Net Sales determined by the Committee, which shall be determined for Plan Years by the Committee.
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Net Sales Target means [*]; provided, however, if the Closing Date occurs prior to the Target Closing Date, such number shall be adjusted downward by [*] for each day between the Target Closing Date and such earlier Closing Date.
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Net Sales Target has the meaning ascribed to such term in Section 4.1.
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Examples of Net Sales Target in a sentence

  • Except as set forth in Section 8.1, this Agreement may be terminated by Principal upon 120 days prior written notice to Agent after the occurrence of any of the following events: (i) a material change in the management, ownership or control or Agent; or (ii) the aggregate Net Invoice Price or the Products sold by Agent in the Territory in the relevant Contract Period is less than the Minimum Net Sales Target.

  • For the Net Sales Target, the Threshold is “Net Sales” (as defined in Section A.3(a)(3) below) must exceed $______________.

  • A portion of the actual number of Performance Shares subject to this Agreement shall be determined based upon the Company’s achievement of the Net Sales Target as follows: < $11.2 Billion 0% of the Target Number $11.7 Billion 50% of the Target Number $>12.2 Billion 100% of the Target Number For purposes of the foregoing, the level of achievement of the Net Sales Target shall be determined by the Committee in its sole discretion.

  • If the Company’s Net Sales Growth (defined below) for any of the fiscal years ended December 31, 2022, 2023, 2024 or 2025 (each, a “Target Year”) is at least the applicable Net Sales Target set forth on Schedule I hereto, then, on the applicable Vesting Date, a corresponding portion of the Award shall vest as set forth on Schedule I hereto.

  • Actual performance shall be calculated as if the last day of the Performance Period was the date immediately prior to the Change in Control and, for purposes of calculating the Multiple of Target Net Sales, Target Net Sales shall equal Target Net Sales (as set forth on Exhibit A) multiplied by a fraction equal to (i) the number of days elapsed between January 1, 2010 and the date of the Change in Control divided by (ii) 1096.

  • Executive will receive a Bonus equal to: (i) 20% of Base Salary if 75% of the Net Sales Target is achieved; (ii) 25% of Base Salary if 100% of Net Sales Target is achieved; (iii) 50% of Base Salary if 125% of Net Sales Target is achieved; or (iv) 80% of Base Salary if 150% of Net Sales Target is achieved.

  • Passengers cancelled around 6,500 trips and demand was approximately 1,500 trips below target at the end of November and the beginning of December due to the adverse weather conditions, especially in south east London.Adverse weather conditions also increased journey times and time need for disabled passengers to move safely between the vehicle and their home, resulting in reduction an overall service capacity.

  • Each Performance Share represents a contractual right to receive one (1) Share upon the Company’s achievement of the Net Sales Target and the ROIC Target and the satisfaction of the terms and conditions of this Agreement.

  • Calendar Year 2001 2002 2003 Net Sales Target $10 million $12.6 million $14.5 million Net Sales Payout $240,000 $240, 000 $270,000 Net Earnings Target $1.8 million $2.0 million $2.3 million Net Earnings Payout $560,000 $560,000 $630,000 Meeting the Net Sales targets and Net Earnings targets are mutually exclusive; in other words, both targets do not have to be met in a particular year to qualify for the payout for the applicable target payment.

  • After delivery of the Initial Net Sales Target Statement, the Representative shall have forty five (45) days (the “Initial Net Sales Target Review Period”) to review such Initial Net Sales Target Statement.


More Definitions of Net Sales Target

Net Sales Target means $9,113,493; provided, however, that such amount shall be reduced by $297,000 if the Distribution Agreement between the Digitran Business and XPS is terminated prior to the end of fiscal year 2009 for any reason other than (i) the termination of such relationship by Buyer due to breach by XPS of any of its obligations under the Distribution Agreement or (ii) the termination of such Distribution Agreement by XPS.
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Related to Net Sales Target

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

  • Net Sales means [***].

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

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

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

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

  • 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.

  • Net Sales Price means the gross sales price to retailers of all Licensed Products sold under this Agreement or, with respect to Licensed Products that are not sold directly or indirectly to retailers, other ultimate consumers (as in the case of accommodation sales by Licensee to its employees or sales by Licensee in its own shops), less trade discounts, merchandise returns, sales tax (if separately identified and charged) and markdowns and/or chargebacks which, in accordance with generally accepted accounting principles, would normally be treated as deductions from gross sales, and which, in any event, do not include any chargebacks or the like for advertising, fixture or retail shop costs or contributions. Notwithstanding the foregoing, Licensor hereby waives its right to (i) receive royalties hereunder for, or (ii) include within the calculation of Net Sales Price for the purpose of calculating the Annual Advertising Obligation as set forth in paragraph 4.6 hereof, sales of units of Licensed Products sold at a discount of [OMITTED; MATERIAL FILED SEPARATELY WITH SECURITIES AND EXCHANGE COMMISSION] or more off the regular wholesale price ("Discounted Units"), provided that such waiver shall only apply to the extent that the aggregate Net Sales Price of Discounted Units for any year does not exceed [OMITTED; MATERIAL FILED SEPARATELY WITH SECURITIES AND EXCHANGE COMMISSION] of the Net Sales Price of all units of Licensed Products other than Discounted Units sold in such year. No other deductions shall be taken. Any merchandise returns shall be credited in the quarter in which the returns are actually made. For purposes of this Agreement, affiliates of Licensee shall mean all persons and business entities, whether corporations, partnerships, joint ventures or otherwise, which now or hereafter control, or are owned or controlled, directly or indirectly by Licensee, or are under common control with Licensee. It is the intention of the parties that royalties will be based on the bona fide wholesale prices at which Licensee sells Licensed Products to independent retailers in arms' length transactions. In the event Licensee shall sell Licensed Products to its affiliates, royalties shall be calculated on the basis of such a bona fide wholesale price irrespective of Licensee's internal accounting treatment of such sale unless such products are sold by its affiliates directly to the end-user consumer, in which case royalties shall be calculated on the basis of the price paid by the end-user consumer, less applicable taxes. Licensee shall identify separately in the statements provided to Licensor pursuant to paragraph 7 hereof, all sales to affiliates. At least once annually and no later than 90 days after the close of Licensee's fiscal year, Licensee shall furnish to Licensor a statement of the Net Sales Price of all Licensed Products sold during the year just ended, which shall be certified by the independent auditor for Licensee as correct and in accordance with the terms of this Agreement.

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

  • 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 Product means, either (a) an Alnylam Royalty Product, or (b) an Inex Royalty Product.

  • Combination Product means any combination of the Product with one (1) or more other active ingredients, products or services that is not the Product, where such products are sold either as a fixed dose/unit or as separate doses/units in a single package for a single price.

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Diagnostic Product means any test or assay for diagnosing or detecting a disease, disorder, medical condition, or symptom.

  • Sublicense Revenue means [***].

  • Combination Products means COBI Combination Products, EVG Combination Products, TDF Combination Products, TAF Combination Products and Quad Product.

  • Collaboration Product means a pharmaceutical product containing or comprising Compound in any dosage form alone, or in combination with, one or more other pharmaceutically active ingredients, and any and all Improvements thereto.

  • Generic Product means a product which (a) contains as its active pharmaceutical ingredient a compound that is (or is substantially the same as) the Licensed Compound, and (b) has been placed on the market pursuant to a validly granted marketing authorization.

  • 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.

  • Royalty Rate means the percentage defined in Exhibit B.

  • Soft Target means a target that will suffer minimum damage and cause minimum damage to the subject vehicle in the event of a collision.

  • Therapeutic Product means a health product categorised as a therapeutic product in the First Schedule to the Act;

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

  • Sublicense Revenues means [***].

  • Development Milestone is defined in Section 5.3.

  • Collaboration Target means the Initial Collaboration Targets set forth on Exhibit F and any Additional Target or Substitute Target that is selected in accordance with Section 3.3 of this Agreement.