Sharing of Benefits. The Parties agree to share any royalties, income, or other financial benefits derived from the exploitation of the Work in the following manner: Collaborator 1: [Specify the percentage or share] Collaborator 2: [Specify the percentage or share] 4.2 Accurate Distribution The Parties shall make reasonable efforts to ensure that any royalties or income derived from the Work are accurately accounted for and distributed in a timely manner. Credit Attribution This section addresses the credit attribution for the collaborators in relation to the Work.
5.1 Credit The Parties agree that credit shall be given to both Collaborator 1 and Collaborator 2 for their contributions to the Work, in all forms of exploitation, including but not limited to recording, publishing, performances, and promotional materials.
Sharing of Benefits. Each of the Lenders agrees that, if it should receive any amount hereunder (whether by voluntary payment, by realization upon security, by the exercise of the right of setoff or banker's lien, by counterclaim or cross action, by the enforcement of any right under the Loan Documents, or otherwise) which is applicable to the payment of the principal of, or interest on, the Loans of a sum which with respect to the related sum or sums received by other Lenders is in a greater proportion than the total of such Obligation then owed and due to such Lender bears to the total of such Obligation then owed and due to all of the Lenders immediately prior to such receipt, then such Lender receiving such excess payment shall purchase for cash without recourse or warranty from the other Lenders an interest in the Obligations of the Borrower to such Lenders in such amount as shall result in a proportional participation by all of the Lenders in such amount; provided that if all or any portion of such excess amount is thereafter recovered from such 120 113 Lender, such purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without interest.
Sharing of Benefits. Sharing in benefits arising including non-monetary, monetary or any kind of benefits:
Sharing of Benefits. (1) Where approval has been granted by the NBA for research or for commercial utilization or for transfer of results of research or for Intellectual Property Rights or for third party transfer, the mode of benefit sharing shall be as under:—
(a) 5.0% of the accrued benefits shall go to the NBA, out of which half of the amount shall be retained by the NBA and the other half may be passed on to the concerned SBB for administrative charges.
(b) 95% of the accrued benefits shall go to concerned BMC(s) and/ or benefit claimers: Provided that where the biological resource or knowledge is sourced from an individual or group of individuals or organizations, the amount received under this clause shall directly go to such individual or group of individuals or organizations, in accordance with the terms of any agreement and in such manner as may be deemed fit: Provided further that where benefit claimers are not identified, such funds shall be used to support conservation and sustainable use of biological resources and to promote livelihoods of the local people from where the biological resources are accessed.
(2) Where approval has been granted by State Biodiversity Board under these regulations.— The sharing of accrued benefits shall be as under.— the SBB may retain a share, not exceeding 5% of the benefits accrued towards their administrative charges and the remaining share shall be passed on to the BMC concerned or to benefit claimers, where identified: Provided that where any individual or group of individuals or organizations cannot be identified, such funds shall be used to support conservation and sustainable use of biological resources and to promote livelihoods of the local people from where the biological resources are accessed.
Sharing of Benefits related InformationSECTION 11.7.
Sharing of Benefits related Information. Buyer and Seller will cooperate in providing at their own expense employee-related and plan-related data to facilitate accomplishment of the provisions of this Article 11.
Sharing of Benefits. Clearly identified and mutually agreed cost reductions resulting from improvements in the KPIs shall be shared equally between the Parties. For greater certainty, (i) reductions in Inyx’s costs of performing hereunder which are the result of increased production volumes at the Facility shall be solely for the benefit of Inyx, and (ii) reductions in the costs of Components shall be solely for the benefit of Aventis.
Sharing of Benefits. 129 10.19 Net Payments.............................................. 129 10.20 Waiver of Stay, Extension or Usury Laws................... 132 10.21 Confidentiality........................................... 133 10.22
Sharing of Benefits. RELATED INFORMATION. Parent and MFS will cooperate in providing at their own expense employee-related and plan related data to facilitate accomplishment of the provisions of this Agreement.
Sharing of Benefits. Arising out of the Utilization of the Material A number of relevant benefit sharing principles were identified during past consultations on MTAs, including: • Equity – What is fair and equitable in a public health emergency? What benefits can be expected in the shorter term? Or the longer term? Consideration of securing priority status to access to countermeasures developed from the sharing of samples and associated data may be important. • Reciprocity - Access to samples and associated data on the basis of the MTA and the sharing of benefits arising from its use should occur on an equal footing. • Public health interests - Access to benefits should be negotiated in good faith with the consideration of global public health priorities at the core. • Third party access to benefits - Consideration of whether to pass on benefit sharing obligations to third party recipients and successive transfer recipients should be considered and negotiated as appropriate. • Convention on Biological Diversity, the Nagoya Protocol and access and benefit-sharing measures – Many Member States now have legally binding obligations derived from these instruments. The MTA needs to be constructed so as to facilitate compliance with these obligations. Clarity as to the appropriate focal point for meeting these obligations during a public health emergency and any special provisions that might be in place (such as retroactive notification of transfers and negotiation of attendant benefit sharing) may be desirable. Different types of benefit might be derived from the sharing of samples and associated data and there are different mechanisms that might facilitate the sharing of these benefits (TABLE 1).
