Abbott Net Sales definition

Abbott Net Sales means the total gross sales of the Product (as set forth on the invoice for such Product) by Abbott and permitted Sublicensees (as defined in Section 2.5(d) below) to Third Parties in the given calendar quarter or year, plus, if applicable, the fair market value of all properties and services received in consideration of a sale of Product by Abbott and permitted Sublicensees to Third Parties during such calendar quarter or year, less the following deductions directly paid or incurred by Abbott or its permitted Sublicensees with respect to the sale of the Product in such calendar quarter or year: (i) with respect to the U.S. Territory, standard, percentage-based discounts, credits. rebates, including Xxxxxx'x standard cash terms and returned goods, as well as rejections, recalls, bad debt write-offs, returns and retroactive price reductions in lieu of returns, and other discounts, credits, rebates (including but not limited to Medicare/Medicaid Rebates), adjustments, allowances and management fees to group purchasing organizations and wholesaler fees; (ii) with respect to the International Territory, rejections, recalls, returns and retroactive price reductions in lieu of returns, and to the extent offered or allowed in a manner consistent with those offered or allowed with respect to Xxxxxx'x other products in the same oncology category (to the extent applicable), discounts, credits, rebates, adjustments, allowances and management fees to group purchasing organizations; and (iii) with respect to the Territories (A) chargebacks granted to drug wholesalers and (B) to the extent imposed by government authorities, retroactive rebates or other rebates. Xxxxxx'x Net Sales shall be calculated separately for the U.S. Territory and the International Territory.
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Abbott Net Sales means the total gross sales of the Product (as set forth on the invoice for such Product) by Abbott and permitted Sublicensees (as defined in Section 2.5(d) below) to Third Parties in the given calendar quarter or year, plus, if applicable, the fair market value of all properties and services received in consideration of a sale of Product by Abbott and permitted Sublicensees to Third Parties during such calendar quarter or year, less the following deductions directly paid or incurred by Abbott or its permitted Sublicensees with respect to the sale of the Product in such calendar quarter or year:
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Abbott Net Sales means the total gross sales of each Product (as set forth on the invoice for such Product) in the Territory by Abbott to Third Parties during the given calendar quarter or year, less the following deductions directly paid or incurred by Abbott with respect to the sale of such Product in the United States during such calendar quarter or year: (ii) or otherwise, imposed by government authorities; (iii) where there are no direct shipments to such customers by Abbott; and (iv) the portion of any *** paid during the relevant time period to *** that relate specifically to the sale of the Products to such *** . Abbott Net Sales shall be calculated separately for each Product.
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Examples of Abbott Net Sales in a sentence

  • Indeed, many organizations have used Ulrich’s competency models to design their HR departments, and many educational institutes have based their courses them.

  • Any damage award or settlement, in excess of Xxxxxx'x cost and expenses of enforcement, shall be added to Abbott Net Sales for such Sales Year.

  • Any damage award or settlement in excess of the cost and expense of prosecuting such infringement action shall be added to the Abbott Net Sales for the period in which such infringement existed.


More Definitions of Abbott Net Sales

Abbott Net Sales means the total gross sales of the Products (as set forth on the invoice for such Products) by Abbott and permitted sublicensees to Third Parties in the given calendar quarter or year, plus, if applicable, the value of all properties and services received in consideration of a Sale of Products by Abbott and permitted sublicensees to Third Parties during such calendar quarter or year, less the following deductions directly paid or incurred by Abbott or its permitted sublicensees with respect to the Sale of the Products in such calendar quarter or year: (i) with respect to the U.S. Territory, ***; (ii) with respect to the International Territory, ***; and (iii) with respect to the Territories (A)*** and (B) ***. Xxxxxx'x Net Sales shall be calculated separately for the U.S. Territory and the International Territory.
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Abbott Net Sales means, with respect to any month or Quarterly Period, the gross amount invoiced by Abbott or its Affiliates for OraQuick® ADVANCE™ Devices sold by Abbott or its Affiliates to unaffiliated third parties (a distributor, sub-distributor or agent of Abbott or any of its Affiliates who is not an Affiliate of Abbott or any of its Affiliates, shall be considered such an unaffiliated third party) during such month or Quarterly Period, less (i) trade, cash and quantity discounts and rebates allowed and taken by the unaffiliated third party, (ii) amounts repaid, credited or allowed and taken by the unaffiliated third party on account of returned or rejected OraQuick® ADVANCE™ Devices, recalls, billing errors, or retroactive price reductions or price reductions imposed by governmental authorities, (iii) tariffs, duties, excises and taxes included in the amount charged to the unaffiliated third party, and (iv) freight, insurance and other transportation and shipping costs included in the amount charged to the unaffiliated third party. In the event an OraQuick® ADVANCE™ Device is sold with any other products or services of Xxxxxx, Xxxxxx shall separately itemize and individually price such OraQuick® ADVANCE™ Device on the invoice to the customer and such itemized price shall be used to calculate Abbott Net Sales that includes the sale of such OraQuick® ADVANCE™ Device. In no event shall the same OraQuick® ADVANCE™ Device be included in Xxxxxx’x Net Sales more than once.
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Abbott Net Sales means the total gross sales of the Product (as set forth on the invoice for such Product) by Abbott and permitted Sublicensees (as defined in Section 2.5(d) below) to Third Parties in the given calendar quarter or year, plus, if applicable, the fair market value of all properties and services received in consideration of a sale of Product by Abbott and permitted Sublicensees to Third Parties during such calendar quarter or year, less the following deductions directly paid or incurred by Abbott or its permitted Sublicensees with respect to the sale of the Product in such calendar quarter or year: (i) with respect to the U.S. Territory, [________________________] [__________________________] ; (ii) with respect to the International Territory,[_____________________]; and (iii) with respect to the Territories (A) [________________________] and (B) [________________________]. Xxxxxx'x Net Sales shall be calculated separately for the U.S. Territory and the International Territory.
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Abbott Net Sales means the total gross sales of the Product (as set forth on the invoice for such Product) by Abbott and permitted Sublicensees (as defined in Section 2.5(d) below) to Third Parties in the given calendar
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Abbott Net Sales means, with respect to any month or Quarterly Period, the gross amount invoiced by Abbott or its Affiliates for OraQuick® ADVANCE™ Devices sold by Abbott or its Affiliates to unaffiliated third parties (a distributor, sub-distributor or agent of Abbott or any of its Affiliates who is not an Affiliate of Abbott or any of its Affiliates, shall be considered such an unaffiliated third party) during such month or Quarterly Period, less (i) trade, cash and quantity discounts and rebates allowed and taken by the unaffiliated third party, (ii) amounts repaid, credited or allowed and taken by the unaffiliated third party on account of returned or rejected OraQuick® ADVANCE™ Devices, recalls, billing errors, or retroactive price
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Related to Abbott Net Sales

  • Net Sales means [***].

  • Combination Products means COBI Combination Products, EVG Combination Products, TDF Combination Products, TAF Combination Products and Quad Product.

  • Combination Product means any combination of the Product with one (1) or more other active ingredients, products or services that is not the Product, where such products are sold either as a fixed dose/unit or as separate doses/units in a single package for a single price.

  • Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Royalty Product means, either (a) an Alnylam Royalty Product, or (b) an Inex Royalty Product.

  • Generic Product means a product which (a) contains as its active pharmaceutical ingredient a compound that is (or is substantially the same as) the Licensed Compound, and (b) has been placed on the market pursuant to a validly granted marketing authorization.

  • Hemp products means all products made from industrial hemp,

  • Licensed Product means a product or part of a product in the Licensed Field of Use: (A) the making, using, importing or selling of which, absent this license, infringes, induces infringement, or contributes to infringement of a Licensed Patent; or (B) which is made with, uses or incorporates any Technology.

  • SAP Products means Software, Documentation, SAP Materials, Services, Subscription Services, Cloud Services and Maintenance Services. “SAP SDK” means SAP software development kit that includes tools such as APIs, source code, redistributable files and instructions. “Services” means SAP’s then-current services offered under and described in detail in the applicable SAP PartnerEdge Model.

  • Diagnostic Product means any test or assay for diagnosing or detecting a disease, disorder, medical condition, or symptom.

  • Collaboration Product means a pharmaceutical product containing or comprising Compound in any dosage form alone, or in combination with, one or more other pharmaceutically active ingredients, and any and all Improvements thereto.

  • Hemp product means the same as that term is defined in § 3.2-4112.

  • Non-Microsoft Product means any third-party-branded software, data, service, website or product, unless incorporated by Microsoft in a Product.

  • Sublicensee means a third party to whom LICENSEE grants a sublicense of certain rights granted to LICENSEE under this Agreement.

  • Generic Version means, with respect to a Licensed Product, a product (including a “biogeneric,” “follow-on biologic,” “follow-on biological medicine or product,” “follow-on protein product,” “similar biological medicine or product,” or “biosimilar product”) that: (a) within the U.S., is “biosimilar” or “interchangeable,” with respect to such Licensed Product as evaluated by the FDA or otherwise determined by Applicable Law; or (b) in the ROW, is determined by the applicable Regulatory Authority or by Applicable Law to be “similar,” “comparable,” “interchangeable,” “bioequivalent,” or “biosimilar” to such Licensed Product. For clarity, a Biosimilar of a Licensed Product shall constitute a Generic Version of such Licensed Product.

  • Therapeutic Product means a health product categorised as a therapeutic product in the First Schedule to the Act;

  • Covered Products means Your Applications, Libraries, Passes, Safari Extensions, Safari Push Notifications, and/or FPS implementations developed under this Agreement.

  • Marihuana-infused product means a topical formulation, tincture, beverage, edible substance, or similar product containing marihuana and other ingredients and that is intended for human consumption.

  • Final Product means a reasonably homogenous cannabis product in its final packaged form created using the same standard operating procedures and the same formulation.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Licensed Services means all functions performed by the Licensed System.

  • Cannabis products means cannabis that has undergone a process whereby the plant material has been transformed into a concentrate, including, but not limited to, concentrated cannabis, or an edible or topical product containing cannabis or concentrated cannabis and other ingredients.

  • Tobacco product means any substance containing tobacco leaf, including but not limited to, cigarettes, cigars, pipe tobacco, hookah tobacco, snuff, chewing tobacco, dipping tobacco, bidis, blunts, clove cigarettes, or any other preparation of tobacco; and any product or formulation of matter containing biologically active amounts of nicotine that is manufactured, sold, offered for sale, or otherwise distributed with the expectation that the product or matter will be introduced into the human body by inhalation; but does not include any cessation product specifically approved by the U.S. Food and Drug Administration for use in treating nicotine or tobacco dependence.

  • Aerosol coating product means a pressurized coating product containing pigments or resins that dispenses product ingredients by means of a propellant, and is packaged in a disposable can for hand-held application, or for use in specialized equipment for ground traffic/marking applications.

  • Licensed producer means an agent, broker, or reinsurance intermediary licensed pursuant to the applicable provision of the insurance law of any jurisdiction.