Sales Target definition

Sales Target means an annual Net Sales target for the Product for each Commercial Year established [*] made in good faith prior to each Commercial Year. The first annual Sales Target will be established [*] prior to Commercial Launch. In the event that [*], the dispute shall be submitted to a neutral third-party mediator with industry expertise who will assess the market and determine [*] on the basis of such assessment and assuming that [*], which assessment shall be binding on this issue. The Parties have estimated anticipated revenue over the course of the Term as shown on Exhibit E (the “Estimated Sales Targets”), which is a good faith estimate only and shall not be binding.

Sales Target means the annual sales targets specified in Section 6 of the Cover Sheet or separately agreed by the Parties.

Sales Target means that proportion of the total patient market for the Product provided to Sublicensor by ILDONG and expressed as either a percentage or calculated number of vials of the Product as set forth in Schedule 3.

Examples of Sales Target in a sentence

• Channel Partner shall only be entitled to receive an Annual Rebate in a given calendar year if the Channel Partner meets or exceeds its Sales Target (as defined in Section 9) for such calendar year.

• The Sales Target shall be stated as a dollar amount and be used by the Parties to determine whether Channel Partner is entitled to an Annual Rebate in accordance with Section 5.6. In determining whether Channel Partner has met its Sales Target for a given calendar year, RITTAL shall calculate the total purchase price of all Applicable Purchases (as defined in Section 5.6.) invoiced by RITTAL and shipped in the given year, and then compare such number to the applicable Sales Target.

• For the initial Business Plan between Channel Partner and RITTAL, the Parties shall negotiate a prorated Sales Target, which shall take into account the duration of the remaining calendar year.

• The arbitrator shall render his/her decision as to the appropriate modification (if any) to the Annual Sales Target within ninety (90) days after his/her selection, and such decision shall be binding upon the parties.

• Any addition of new Team Sponsorship Assets with respect to any Contract Year shall be similarly factored in when the parties set the Annual Sales Target, as well as in the contemplation of any mid-year adjustment pursuant to Section 4.4(b) below.

More Definitions of Sales Target

Sales Target means the target amount of Net Sales of the Product in the Territory for each of the First Sales Year and the Second Sales Year, as set forth on a Sales Quarterly basis in a side letter between the Parties, dated as of the Effective Date, as such target amount may be amended from time to time by mutual agreement of the Parties in writing.

Sales Target means the revenue targets of Group Resorts, established annually for the relevant sales teams and expressed on a property by property basis.

Sales Target means either (x) the total amount of sales, net of returns, discounts and allowances, of the Company and its Affiliates on a consolidated basis, net of intercompany transactions, in the applicable month, or (y) the average of such total amounts in the three months ending with the applicable month; provided that the amount of sales shall be increased by the amount of valid purchase orders which would have resulted is sales for the applicable month but for the fault of the Company. The Sales Target for the 30th month is $5 million and the Sales Target for the 42nd month is $8 million. For purposes of this subsection (d), the first month after the Effective Date shall be deemed to be January 2001.

Sales Target means the Gross Licensed Marks Sales for such applicable quarter divided by US$2,500,000. For illustration purposes, if the Gross Licensed Marks Sales for a given quarter is US$1,000,000, and the closing price on the last day of such quarter is $.05 per share, then the number of Shares to be so issued under (a) above shall be 4,500,000 ($1,000,000 / $2,500,000 x 11,250,000), and the cash payment under (b) above shall be $180,000 ($1,000,000 / $2,500,000 x $450,000), which shall be limited as set forth above.

Sales Target means the sales volumes stated in Exhibit D that Reseller must achieve in order to obtain automatic renewal of its rights under this Agreement.

Sales Target means, [***].

Sales Target means Sales during the Pellet Period equal to or exceeding Production for the Pellet Period.