Stock Rotation definition

Stock Rotation. Requested by an authorized distributor based on established terms and conditions. • Other: Return based on special circumstances. VP of Marketing must approve this type of RMA
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Stock Rotation understands the importance of stock rotation in store, bringing oldest stock forward/top and facing product upright.
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Stock Rotation returns are limited to two per year. The total value of the year's return may not exceed of 5% of previous year's stock purchases by brand. A 25% handling/restocking fee will be deducted from the value of each return.
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Examples of Stock Rotation in a sentence

  • Timing of Stock Rotation must be negotiated with the applicable sales representative.

  • Returns of Goods are classified as either Defective Product or Distributor Stock Rotation.

  • The return rights set forth in this Section 4.4 are in addition to any Stock Rotation rights described in Exhibit E, Stock Rotation, of this Agreement.

  • As a precondition for accepting a Stock Rotation, Altera may require that Distributor take delivery from Altera of Product of value equal to or less than the value of the Product returned.

  • If applicable, so long as Company has adhered to the Inventory Stock Rotation Program in a material and substantial manner, Company shall have the right to return all Products in its inventory at the full value paid to NetAlly subject to (i) such items being in new resalable conditions; and (ii) the criteria set forth in the Inventory Stock Rotation Program.

  • At regular six-month intervals, Altera will accept a Stock Rotation return from Distributor for the purpose of clearing Distributor's inventory of Product that in Distributor's good faith judgment is unlikely to be sold.

  • Under this provision, Distributor may return to Altera Product valued at up to 5% of Altera's net bill▇▇▇▇ to Distributor for the six months prior to the Stock Rotation.

  • Prior written authorization must be provided by ZiLOG and issuance of a Distributor Stock Rotation Form must be obtained from ZiLOG in each instance that Distributor wishes to effect an exchange of Standard Products.

  • Stock Rotation is granted on a three-month period basis, where the third month of three-month period is the month prior to quarter-end month (e.g. March, April and May).

  • Stock Rotation claim must be filed within one month after the three-month period.


More Definitions of Stock Rotation

Stock Rotation means goods sold which have been returned pursuant to the applicable contract between the Obligor and the Originator determined as of the last day of any fiscal quarter, in all cases for the four fiscal quarters ending on that date.
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