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These excerpts taken from the SMG 10-K filed Dec 3, 2008. Significant
Agreement
If we were to commit a serious default under the Marketing
Agreement with Monsanto for consumer
Roundup®
products, Monsanto may have the right to terminate the Marketing
Agreement. If Monsanto were to terminate the Marketing Agreement
for cause, we would not be entitled to any termination fee, and
we would lose all, or a substantial portion, of the significant
source of earnings and overhead expense absorption the Marketing
Agreement provides. Monsanto may also be able to terminate the
Marketing Agreement within a given region, including North
America, without paying us a termination fee if unit volume
sales to consumers in that region decline: (1) over a
cumulative three-fiscal-year period; or (2) by more than 5%
for each of two consecutive years.
Significant Agreement If we were to commit a serious default under the Marketing Agreement with Monsanto for consumer Roundup® products, Monsanto may have the right to terminate the Marketing Agreement. If Monsanto were to terminate the Marketing Agreement for cause, we would not be entitled to any termination fee, and we would lose all, or a substantial portion, of the significant source of earnings and overhead expense absorption the Marketing Agreement provides. Monsanto may also be able to terminate the Marketing Agreement within a given region, including North America, without paying us a termination fee if unit volume sales to consumers in that region decline: (1) over a cumulative three-fiscal-year period; or (2) by more than 5% for each of two consecutive years. These excerpts taken from the SMG 10-K filed Nov 25, 2008. Significant
Agreement
If we were to commit a serious default under the Marketing
Agreement with Monsanto for consumer
Roundup®
products, Monsanto may have the right to terminate the Marketing
Agreement. If Monsanto were to terminate the Marketing Agreement
for cause, we would not be entitled to any termination fee, and
we would lose all, or a substantial portion, of the significant
source of earnings and overhead expense absorption the Marketing
Agreement provides. Monsanto may also be able to terminate the
Marketing Agreement within a given region, including North
America, without paying us a termination fee if unit volume
sales to consumers in that region decline: (1) over a
cumulative three-fiscal-year period; or (2) by more than 5%
for each of two consecutive years.
Significant Agreement If we were to commit a serious default under the Marketing Agreement with Monsanto for consumer Roundup® products, Monsanto may have the right to terminate the Marketing Agreement. If Monsanto were to terminate the Marketing Agreement for cause, we would not be entitled to any termination fee, and we would lose all, or a substantial portion, of the significant source of earnings and overhead expense absorption the Marketing Agreement provides. Monsanto may also be able to terminate the Marketing Agreement within a given region, including North America, without paying us a termination fee if unit volume sales to consumers in that region decline: (1) over a cumulative three-fiscal-year period; or (2) by more than 5% for each of two consecutive years. This excerpt taken from the SMG 10-K filed Nov 29, 2007. Significant
Agreement
If we were to commit a serious default under the Marketing
Agreement with Monsanto for consumer
Roundup®
products, Monsanto may have the right to terminate the Marketing
Agreement. If Monsanto were to terminate the Marketing Agreement
for cause, we would not be entitled to any termination fee, and
we would lose all, or a significant portion, of the significant
source of earnings and overhead expense absorption the Marketing
Agreement provides. Monsanto may also be able to terminate the
Marketing Agreement within a given region, including North
America, without paying us a termination fee if sales to
consumers in that region decline: (1) over a cumulative
three fiscal year period; or (2) by more than 5% for each
of two consecutive years.
This excerpt taken from the SMG 10-K filed Dec 14, 2006. Significant
Agreement
If we were to commit a serious default under the marketing
agreement with Monsanto for consumer
Roundup®
products, Monsanto may have the right to terminate the
agreement. If Monsanto was to terminate the marketing agreement
for cause, we would not be entitled to any termination fee, and
we would lose all, or a significant portion, of the significant
source of earnings and overhead expense absorption the marketing
agreement provides. Monsanto may also be able to terminate the
marketing agreement within a given region, including North
America, without paying us a termination fee if sales to
consumers in that region decline: (1) over a cumulative
three fiscal year period; or (2) by more than 5% for each
of two consecutive years.
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