Target Net Sales definition

Target Net Sales shall be for the Performance Period. The determination of Total Shareholder Return and Net Sales will be made in the sole discretion of Board. The Board also has discretion to accelerate the vesting of all or a portion of the Participant’s Performance Award based upon the overall performance of the Company and/or the Participant or based upon any change in business conditions, provided that the exercise of such discretion would not cause a Performance Award that would otherwise be deducible as “performance-based” compensation within the meaning of Section 162(m) of the Code to become non-deductible.
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Target Net Sales shall be $[ ] for the Performance Period. The determination of Total Shareholder Return and Net Sales will be made in the sole discretion of Board, after the end of the Performance Period once the applicable year-end audit is available. The Board also has discretion to accelerate the vesting of all or a portion of the Participant’s Performance Award based upon the overall performance of the Company and/or the Participant or based upon any change in business conditions, provided that the exercise of such discretion would not cause a Performance Award that would otherwise be deducible as "performance- Exhibit 10.1 based" compensation within the meaning of Section 162(m) of the Code to become non-deductible. Exhibit 10.1 EXHIBIT D [Form of Matched Performance Award Agreement] Grant No.: ENDO HEALTH SOLUTIONS INC. MATCHED PERFORMANCE AWARD AGREEMENT UNDER THE 2010 STOCK INCENTIVE PLAN This Matched Performance Award Agreement (this “Award Agreement”) is made and entered into as of the date of grant set forth below (the “Date of Grant”) by and between Endo Health Solutions Inc., a Delaware corporation (the “Company”), and the participant named below (the “Participant”). Capitalized terms not defined herein shall have the meanings ascribed to them in the Endo Health Solutions Inc. 2010 Stock Incentive Plan (the “Plan”). Where the context permits, references to the Company shall include any successor to the Company. Name of Participant: Social Security No.: Total Number of Restricted Stock Units Underlying the Matched Performance Award: Date of Grant: Performance Period: The period beginning on Date of Grant and ending on March 18, 2016 (or an earlier date as provided in Section 4(b) or 5 below). Vesting Date: March 18, 2016
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Target Net Sales means the product obtained by multiplying the Target Patients by the Treatment Dosing by the Net Selling Price of the Product.
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Examples of Target Net Sales in a sentence

  • NET SALES COMPONENT 20% Actual net sales for fiscal year Actual Net Sales must ("Actual Net Sales") as a be at least 70% of percentage (not to exceed 100%) Target Net Sales before of target net sales of the a portion of the Bonus Company for the applicable fiscal is awarded under the year ("Target Net Sales") Net Sales Component of multiplied by 20% of Base Pay for the Bonus Formula.

  • If the Company’s Net Sales Revenue for the fiscal year is 100% or more, but less than 150% of the Target Net Sales Revenue for the Fiscal Year, the Participant will earn a Net Sales Revenue Payout between 100% and 150%, based on linear interpolation.

  • For Fiscal Year 2011, fifty percent (50%) of the Participant Bonus Pool Interest shall be based on Target EBITDA in accordance with Section 5 below, thirty-five percent (35%) of the Participant Bonus Pool Interest shall be based on Target Net Sales Revenue in accordance with Section 6 and the remaining fifteen percent (15%) of the Participant Bonus Pool Interest shall be based on the Target EPS in accordance with Section 7 below.

  • Target Net Sales Growth Rate -- "Target Net Sales Growth Rate" ---------------------------- means that Net Sales Growth Rate which is expected and which would result in a Performance Factor for sales growth equal to one (1).

  • For each Fiscal Year, the Committee, in its sole discretion, shall determine the Target EBITDA, the Target EPS and the Target Net Sales Revenue (individually, a “Target” and collectively, the “Targets”).

  • If the Company’s Net Sales Revenue for the fiscal year is 71% or more, but less than 100% of the Target Net Sales Revenue for the Fiscal Year, the Participant will earn a Net Sales Revenue Payout between 50% and 100%, based on linear interpolation.

  • 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.

  • SCHEDULE 3.5 TARGET FORECAST (PACKS OF THREE VIALS) Year Year 1 Year 2 Year 3 Year 4 Year 5 Target Net Sales *** *** *** *** *** Year Year 6 Year 7 Year 8 Year 9 Year 10* Target Sales *** *** *** *** *** * The parties will agree Target Sales forecasts for subsequent years, 12 months in advance.

  • Name of Participant: Social Security No.: Total Number of Restricted Stock Units Underlying the Target Performance Award: Target TSR Stock Award: Target Net Sales Stock Award: Date of Grant: Performance Period: The period beginning on January 1, 2013 and ending on December 31, 2015.

  • Performance factors for an actual Net Sales Growth Rate greater than the Target Net Sales Growth Rate but less than or equal to the Maximum Net Sales Growth Rate shall be computed by interpolation between one (1) and up to and including three (3).


More Definitions of Target Net Sales

Target Net Sales means the sum of (i) $11,750,000, plus (ii) the Net Sales to Customers by the Purchaser and the Xxxxxxxx Xxxxxx Dental division of HSI ("Xxxxxxxx Schein") during the Reference Year (it being agreed that, for the applicable period, all sales to Customers by sales representatives of the Seller who are hired by the Purchaser in connection with the closing of the transactions contemplated by this Agreement shall be attributed to Xxxxxxxx Schein).
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Target Net Sales means, for the purposes of this Section 5.5, the amounts specified in Exhibit E.
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Target Net Sales means an amount equal to *.
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Related to Target Net Sales

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

  • Net Sales means [***].

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

  • Combination Product means a product (a) containing a Licensed Product together with one or more other active ingredients, or (b) with one or more products, devices, pieces of equipment or components, but sold for an integrated price (e.g., with the purchase of one product the customer gets a coupon for the other) or for a single price.

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

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

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

  • Net Sales Price means the gross billing price of any PRODUCT received by Licensee or its SUBLICENSEE for the sale or distribution of any PRODUCT, less the following amounts actually paid by Licensee or SUBLICENSEE:

  • Milestone Events has the meaning set forth in Section 3.3 (Milestone Payments).

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

  • 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.

  • Milestone Event has the meaning set forth in Section 8.4.

  • M2 Target Amount For any Distribution Date, an amount equal to the lesser of (a) the product of (1) 75.40% and (2) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (1) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (2) the Overcollateralization Floor.

  • Sublicense Revenue means [***].

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

  • 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.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • M4 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 95.30% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Sublicense Revenues means [***].

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M5 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 94.50% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.