Income Sharing. 4.4 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. 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:
Income Sharing. Where income is received then the Exploiting Party shall in respect of each individual Wellcome-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: Cumulative Income Organisation and Technology Transfer Group Wellcome Above £500,000 75% (seventy five per cent) 25% (twenty five per cent) Equity sharing and potential future investment Where rights to take Equity are received then the Exploiting Party shall in respect of each individual Wellcome-funded Project that is exploited: share any Equity received in the following proportions, and Organisation and Technology Transfer Group Wellcome 75% (seventy five per cent) 25% (twenty five per cent) use diligent efforts to ensure that, in consultation with Wellcome, the Equity is issued on terms whereby the proportionate shareholdings due to Wellcome are either (i) issued directly to Wellcome, or (ii) held on trust for Wellcome 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 Wellcome’s share of any Net Income shall be allocated to Wellcome prior to the deduction of any reward to the Organisation’s employees or students who are inventors of the Wellcome-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 Wellcome-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 Wellcome’s share of Cumulative Income in accordance with clause 3.3, such sta...
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. 3.3 Where income is received then the Exploiting Party shall in respect of each individual Trust-funded Project that is exploited:
Income Sharing. The Income will be shared after deducting from its initial total any cost recoveries as provided in subparagraph 7.3 herein:
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. 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. Relinquishment. I understand that, in accordance with Section III.G.1. of the Policy, I will receive a portion al all royalty income and other non-equity revenue derived from the licensing of Intellectual Property that I assign to the University. I further understand that, in accordance with Section III.C.3. of the Policy, if the University decides not to commercialize such Intellectual Property, I will have an opportunity to regain title so that I may pursue commercialization of the Intellectual Property.
Income Sharing. The Sky Lark Edutech will get 20% of course fees, received by the said institute. The Agency/Proprietor will pay the amount to the Sky Lark Edutech in quarterly through cash (at the Head Office) / cheque That will have to give his/her one Xerox copy Aadhaar card/Voter card, qualification proof & Address proof and Passport sixe photo to Sky Lark Edutech.
