Profit Share. (a) No later than thirty (30) days after each calendar quarter in which there is positive Product Profit arising from the sale of ZIOPHARM Product in the Field in the Territory, ZIOPHARM shall pay to Intrexon fifty percent (50%) of such Product Profit, on a ZIOPHARM Product-by-ZIOPHARM Product basis. In the event of negative Product Profit for a particular ZIOPHARM Product in any calendar quarter, neither ZIOPHARM nor Intrexon shall owe any payments hereunder with respect to such ZIOPHARM Product. Any negative Product Profit that results from Excess Product Liability Costs, and Third Party Blocking IP Costs (as defined in Exhibit A) may be carried forward to future quarters and offset against positive Product Profit in such future quarters for the same ZIOPHARM Product. Except as set forth in the preceding sentence, ZIOPHARM shall not be permitted to carry forward any negative Product Profits to subsequent quarters.
(b) No later than thirty (30) days after each calendar quarter in which ZIOPHARM or any ZIOPHARM Affiliate receives Sublicensing Revenue, ZIOPHARM shall pay to Intrexon fifty percent (50%) of such Sublicensing Revenue. As set forth in Section 3.2, sublicensing shall require Intrexon’s prior written consent. Nevertheless, this Section 5.2(b) shall apply to Sublicensing Revenue received by ZIOPHARM or any ZIOPHARM Affiliate, even if rights were granted to the applicable sublicensee in violation of this Agreement. For purposes of clarity, sales of ZIOPHARM Products by approved sublicensees shall not constitute Net Sales.
Profit Share. At the end of each Payout Interval and/or at the time of withdrawal and/or closing of a profitable investment or foreign investment account, the Strategy Manager shall automatically be paid his/her Profit Share based on the % of the generated profit for the trading interval (subject to a higher watermark);
Profit Share. 44-2.01 Cabin Personnel shall be eligible to participate in the Company’s profit share plan, in accordance with the terms and conditions of the plan, as they may be amended by the Company. Cabin Personnel shall not have a lesser ability to participate than any other employee group. 44-3.01 Cabin Personnel shall be eligible to participate in the Company’s Owner’s Perf ormance Award plan, in accordance with the terms and conditions of the plan, as they may be amended by the Company. Cabin Personnel shall not have a lesser ability to participate than any other employee group.
Profit Share. [C_PRE_PS10_01_ST]
1. In relation to an insurance period, We shall pay You a profit share subject to the following conditions:
(a) the premium for the insurance period has been paid to Us in full.
(b) The balance of the profitability account of the insurance period is positive. The profitability account of the insurance period shall refer to the balance between: • on the credit side: the premium paid for the insurance period and • on the debit side (i) the total amount of indemnity paid or to be paid with respect to Deliveries made during the insurance period less the Recoveries related to such Deliveries and received before the profit share is paid and (ii) [x]% of the premium paid. If there is an indemnity for Collection Expenses but the Debt has been paid in full before indemnification by Us, We shall not take into account the indemnity for Collection Expenses in the calculation of the profit share.
(c) This Contract shall remain in force for a further insurance period.
2. The amount of the profit share shall be equal to [x] % of the balance of the profitability account, provided that the premium paid for the insurance period after deduction of the profit share exceeds the minimum premium.
3. In order to receive the payment of the profit share You must, within [24 months] from the last day of the insurance period, request from Us in writing the payment of the profit share and submit to Us a waiver whereby You waive your rights to payment of any subsequent indemnities relating to the insurance period.
4. If the balance of the profitability account of an insurance period is negative, the negative balance shall be reported on the debit side of the profitability account of the subsequent insurance period.
Profit Share. [C_PRE_PS04_01_ST]
Profit Share. For the purposes of this paragraph 3:
Profit Share. Partner shall be entitled to participate in a profit sharing plan as will be hereafter established by the Company or Nova (the “Profit Share Plan”). The Profit Share Plan will be applied on a per project basis and be based on elements of profitability, schedule and performance criteria that, when met, will result in a distribution of money amongst the various project team members as determined by the administrator of the Profit Share Plan.
Profit Share. The Equity JV shall allocate reserve funds, expansion funds and bonuses welfare funds for staff and workers after payment of taxes. The proportion of allocation shall be decided by the board of directors.
Profit Share. (a) Xxxxxx shall pay to Salix, in accordance with Section 3.2, an amount equal to [*] percent ([*]%) of the positive Profits for each calendar month during the Term and any selloff period under Section 11.9 after the Term. [*]. An example of the calculation of the sharing of Profits pursuant to this Section 3.1, for illustration purposes only, is attached as Exhibit E.
(b) If, during any month during the Term occurring during the first twelve (12) months after the Launch Date (the “First Year”) there are two (2) or more Equivalent Products being distributed under separate ANDAs concurrently, then, to the extent Profits are [*] Confidential treatment requested; certain information omitted and filed separately with the SEC. negative in such month in the First Year, Salix shall reimburse Xxxxxx for [*] percent ([*]%) of the amount of such negative Profits within sixty (60) days after the end of such calendar month; provided that, at Salix’s option, such amount may be credited against future Profits payable by Xxxxxx to Salix hereunder if, and to the extent, there are future positive Profits. If Profits are negative at any time during the Term, the parties shall cooperate in good faith to attempt to minimize potential losses to each party; provided that in no event shall either party be obligated to amend this Agreement.
Profit Share. You will not earn profits on this account. You will be repaid the amount deposited into the account less any fees that apply to your account.
