Common use of RRU’s Share of Revenue Clause in Contracts

RRU’s Share of Revenue. B.8.1 RRU’s share of Revenue from Commercialization of IP shall be administered under the authority of the Vice-President Academic and Xxxxxxx and shall be used to support further RRU research, faculty, employee, and student and technology transfer activities and, also, RRU general operations. B.8.2 Any realized Revenue under $5,000 shall not be subject to any Revenue sharing mechanism and shall be awarded solely to the Creator. B.8.3 RRU’s portion of any realized Revenue that totals in excess of $5,000 and less than a) 40% to the Creator’s Faculty or Division (to be used at the discretion of the Xxxx or Senior Manager) b) 60% to be further subdivided as follows:

RRU’s Share of Revenue. B.8.1 D.8.1 RRU’s share of Revenue from Commercialization of IP shall be administered under the authority of the Vice-Vice President Academic and Xxxxxxx and shall be used to support further RRU research, faculty, employee, and student and technology transfer activities and, also, RRU general operations. B.8.2 D.8.2 Any realized Revenue under $5,000 shall not be subject to any Revenue sharing mechanism and shall be awarded solely to the Creator. B.8.3 D.8.3 RRU’s portion of any realized Revenue that totals in excess of $5,000 and less thanthan $500,000 in a fiscal year shall be distributed as follows: a) 40% to the Creator’s Faculty or Division (to be used at the discretion of the Xxxx or Senior Manager) b) 60% to be further subdivided as follows: