Income Sharing. Where Gross Revenue is received by the Exploiting Party in respect of Intellectual Property, the generation of which was fully funded by Diabetes UK, then the Exploiting Party shall:
Income Sharing. Where income is received then the Exploiting Party shall in respect of each individual Trust-funded Project that is exploited:
Income Sharing. The Parties agree that the income from the foregoing advertisement cooperation shall be shared depending on advertisement putting, real estate listing or the channels otherwise cooperated and the contents thereof, in accordance with the following specific rules:
2.6.1. If advertisement putting, real estate listing or the channels otherwise cooperated are Residential Channels and the contents are related to residential real estate businesses, Party A shall be entitled to own all such income, and Party B shall obtain none of such income.
2.6.2. If advertisement putting, real estate listing or the channels otherwise cooperated are Commercial Channels and the contents are related to residential real estate businesses, Party A, as service provider for advertising business on Commercial Channels, shall be entitled to 15% of such income, and Party B shall be entitled to 85% of such income.
2.6.3. If advertisement putting, real estate listing or the channels otherwise cooperated are Residential Channels and the contents are related to commercial real estate business, Party A shall be entitled to 85% of such income, and Party B, as Party A’s exclusive commercial real estate advertising agency through Residential Channels, shall be entitled to 15% of such income.
2.6.4. If advertisement putting, real estate listing or the channels otherwise cooperated are Commercial Channels and the contents are related to commercial real estate business, Party A shall obtain none of such income, and Party B shall be entitled to all such income.
Income Sharing. 1. The settlement product is “Light Class selected courses monthly subscriptions”, and the settlement shall be made according to the settlement code “vocational education learning package” allocated by Party A in iRead.
Income Sharing. Where income is received then the Exploiting Party shall in respect of each Diabetes UK Funded Project that is exploited: receive Gross Revenue due; deduct and reimburse as appropriate any and all Direct Costs; be entitled to receive a Technology Transfer Fee on Net Revenue received (determined by reference to Cumulative Income) as follows: CUMULATIVE INCOME TECHNOLOGY TRANSFER FEE £0 – £100 000 30% (thirty per cent) £100 001 – £500 000 25% (twenty-five per cent) £500 001 20% (twenty per cent) distribute remaining Net Revenue received in the following revenue shares (determined by reference to Cumulative Income) as follows: CUMULATIVE INCOME INSTITUTION & Technology Transfer Office DIABETES UK £0 – £100 000 65% (sixty-five per cent) 35% (thirty-five per cent) £100 001 60% (sixty per cent) 40% (forty per cent) All fees and income payable under this Agreement are exclusive of VAT which will be charged where applicable.
Income Sharing. Where income is received then the Exploiting Party shall in respect of each individual LYALLPUR EYE TRUST-funded Project that is exploited: receive Gross Income due; deduct and reimburse as appropriate any and all Direct Costs; distribute remaining Net Income received in the following revenue shares (determined by reference to Cumulative Income) as follows: Above £500,000 75% (seventy five per cent) 25% (twenty five per cent) Where rights to take Equity are received then the Exploiting Party shall in respect of each individual LYALLPUR EYE TRUST-funded Project that is exploited: share any Equity received in the following proportions, and 75% (seventy five per cent) 25% (twenty five per cent) use diligent efforts to ensure that, in consultation with LYALLPUR EYE TRUST, the Equity is issued on terms whereby the proportionate shareholdings due to LYALLPUR EYE TRUST are either (i) issued directly to LYALLPUR EYE TRUST, or (ii) held on trust for LYALLPUR EYE TRUST until such time as the Organisation realises the Equity as cash when it will be shared 75:25 as above. For the avoidance of doubt, the LYALLPUR EYE TRUST’s share of any Net Income shall be allocated to LYALLPUR EYE TRUST prior to the deduction of any reward to the Organisation’s employees or students who are inventors of the LYALLPUR EYE TRUST-Funded IP. The Organisation shall be solely responsible for the payment of such reward (in accordance with its internal policies) out of the revenue to which it is entitled under clauses 3.3 and 3.4 above. Notwithstanding the terms of this clause 3, the Organisation and its Technology Transfer Group shall be free to agree how to share between themselves any share of Net Income and/or Equity due to either or both of them under this Agreement. ACCOUNTING, REPORTING AND PAYMENTS Within three (3) months following the annual accounting date set out in Schedule 1, the Exploiting Party shall provide to the Other Party(s) a statement or statements setting out financial information for the preceding 12-month period ending on such annual accounting date (unless alternative reporting periods are mutually agreed) in respect of each LYALLPUR EYE TRUST-funded Project commercialised, including Gross Income, Net Income, Cumulative Income, Direct Costs, Equity, revenue shares and taxes. In addition, if an Organisation elects to retain LYALLPUR EYE TRUST’s share of Cumulative Income in accordance with clause 3.3, such statements must also include details of any retained revenue a...
Income Sharing. [***]. In the event (a) LGC or its Affiliate [***] or (b) Cue [***], then the Parties shall share all Sublicensing Revenue paid by such LGC sublicensee (an “LGC Income Sharing Sublicensee”) or the Cue Direct Third Party Licensee to such Party or its Affiliate as set forth below:
Income Sharing. The Income will be shared after deducting from its initial total any cost recoveries as provided in SUBPARAGRAPH 7.3 herein:
7.2.1 From any and all Income described in this Agreement that is generated from any Technology(ies) inserted in EXHIBIT A and collected by CTTC pursuant to sub-paragraph 3.2.4 CTTC shall remit [Confidential Information Omitted] to MARINEO and DELTA and CTTC shall retain the remaining [Confidential Information Omitted]; and
Income Sharing form, acquire, organise or establish any partnerships, joint ventures, cooperatives, profit-sharing or royalty arrangements or other similar arrangement whereby the Company’s income or profits are, or might be, shared with any other Person other than pursuant to a Project Document or the Oserian Contract;
Income Sharing. Where income is received then the Exploiting Party shall in respect of each individual Trust-funded Project that is exploited: receive Gross Income due; deduct and reimburse as appropriate any and all Direct Costs; be entitled to receive a Technology Transfer Fee on Net Income received (determined by reference to Cumulative Income) as follows: £0 – £100 000 30% (thirty per cent) £100 001 – £500 000 25% (twenty-five per cent) £500 001 20% (twenty per cent) distribute remaining Net Income received in the following revenue shares (determined by reference to Cumulative Income) as follows:
