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English to Polish translations [PRO] Law/Patents - Law: Contract(s) / share transfer agreement
English term or phrase:pipeline product
The Sellers irrevocably agree not to compete at the territory of Poland, as defined in this section, with the current and pipeline products of the Company as set out in Schedule ____for a period ending X years after the signing of this Agreement for current products and for a period ending on December Xst 200x for pipeline products.
If the net sales exceed the threshold of PLN xx,000,000 as specified in Sec. xx above and if the Umpire referred to in Sec. y above does not resolve to pay any amounts to the Sellers before the end of the sixth month after the Earn-Out Period, then within z Business Days the Purchaser shall pay to the Sellers Earn-Out Payment calculated as 30% of Earn-Out Profit determined as 65% of value of all current and pipeline products of the Company as set out in Schedule ____ sales, reported by standard services prepared by YZ Sp. z o.o. for whole territory of Poland during the Earn-Out Period.