Costs and Profit Sharing Sample Clauses

Costs and Profit Sharing. Costs will be set forth in the specific Project Plan. All direct out-of-pocket costs described in the applicable Project Plan or approved by the JSC and (b) Net Profits related to Commercialization in the Field of the applicable Sumitomo Development Item(s) and applicable Zymergen Development Item(s) shall be [***] by the Parties, to be [***]; provided, however, the Parties [***] (e.g., [***]), if agreed to in the applicable Project Plan. Except as set forth in a Project Plan, Sumitomo and Zymergen shall each be responsible for its own costs and expenses pursuant to this Agreement. For purposes of this Section 7.1, “Net Profits” means the profit of a company after operating expenses and all other charges including taxes, interest and depreciation have been deducted from total revenue.
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Costs and Profit Sharing. (a) Serono will set the sales price for, distribute and book all sales revenue for the Product in the Co-Promotion Territory. (b) As further described in subsection (c) below, [***] the [***], [***], [***], [***] and [***] incurred by either Party in connection with the Commercialization of the Product in the Co-Promotion Territory, and in lieu of paying royalties on Net Sales of the Product to Micromet under Section 7.3, Serono will pay to Micromet an amount corresponding to [***] of the Net Profits of the Product sold by Serono, its Affiliates or Sublicensees in the Co-Promotion Territory. (c) The payment of Micromet’s share of Net Profits due pursuant to this Section 5.4.5 is due and payable within [***] days of the end of each calendar quarter during the Co-Promotion Period during which there were sales of the Product in the Co-Promotion Territory. Serono will accompany each payment of Net Profits under this Agreement with a report setting forth, on a country-by-country basis, the amount of gross sales of the Product in such country, a calculation of Net Sales and Net Profits (with itemized deductions), the currency conversion rate used and EURO-equivalent of such Net Profits, and a calculation of the amount of Micromet’s share of Net Profits. Such report will be considered Confidential Information of Serono subject to the obligations of Section 9 of this Agreement.
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Related to Costs and Profit Sharing

  • Profit Sharing Profit sharing, bonuses, or other similar compensation of any kind paid by CM/GC to its employees.

  • Cost Sharing a) With respect to the funding in C6.1a), should there be an amount of employee co-pay, the Trust shall advise boards what that amount shall be. Unless advised otherwise, there will be no deductions upon the Participation Date. b) Any further cost sharing or funding arrangements as per previous local collective agreements in effect as of August 31, 2014 remain status quo.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Pension All present employees enrolled in the Hospital's Pension Plan shall maintain their enrolment in the Plan subject to its terms and conditions. New employees and employees employed but not yet eligible for membership in the Plan shall, as a condition of employment, enrol in the Plan when eligible in accordance with its terms and conditions.

  • ALPS Compensation; Expenses (a) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the officers of the Fund shall determine it advisable to qualify such Shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state); litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administration, transfer agency, and custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directors or trustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and supplements, proxy materials, and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

  • Expenses and Compensation Except for expenses specifically assumed or agreed to be paid by the Portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be payable monthly in arrears at the annual rate of 0.45% of the average daily net assets of the Account.

  • Complaints and Compensation If you have a complaint of any kind, please be sure to let us know. We will do our utmost to resolve the issue. You can put your complaint in writing to us at:

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Compensation Plans Following any termination of the Executive's employment, the Company shall pay the Executive all unpaid amounts, if any, to which the Executive is entitled as of the Date of Termination under any compensation plan or program of the Company, at the time such payments are due.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

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