Examples of Sales Milestone in a sentence

For a period of six (6) years after the Contract Quarter to which the records pertain, Licensee agrees that it and its Affiliates and Sublicensees will each keep complete and accurate records of their Sales, Net Sales, Milestone Fees, and Non-Royalty Sublicensing Consideration in sufficient detail to enable such payments to be determined and audited.
For a period of six years after the Contract Quarter to which the records pertain, Licensee agrees that it and its Affiliates and Sublicensees will each keep complete and accurate records of their Sales, Net Product Sales, Net Service Sales, Milestone Fees, and Non-Royalty Sublicensing Consideration in sufficient detail to enable such payments to be determined and audited.
All Sales Milestone Payments shall be nonrefundable and noncreditable.
Each Sales Milestone Payment is payable a maximum of one time only, regardless of the number of times a Licensed Product achieves a particular Sales Threshold or the number of Licensed Products that achieve a particular Sales Threshold.
In the event that in a given Calendar Year more than one Annual Net Sales Milestone Threshold is exceeded, Adapt shall pay to Lightlake a separate Annual Net Sales-Based Milestone Payment with respect to each Annual Net Sales Milestone Threshold that is exceeded in such Calendar Year.

More Definitions of Sales Milestone

Sales Milestone has the meaning set forth in Section 9.2.2.

Sales Milestone means cumulative Net Sales of the Product worldwide, other than in the Bayer Territories, during the Sales Milestone Period exceeding $125 million.

Sales Milestone has the meaning set forth in Section 2.4(b).

Sales Milestone has the meaning set out in Clause 13.4;

Sales Milestone means the Four Hundred Million Dollar Sales Target or the Eight Hundred Million Dollar Sales Target, as applicable.

Sales Milestone means, during the Sales Milestone Period, the first achievement in any Sales Measurement Period of worldwide Net Sales of the Product, exceeding $1,000,000,000. “Sales Milestone Payment “ means $18.07 per CVR.