Examples of Distributable Royalties in a sentence
The agreed-upon royalty rate and any proceeds arising therefrom will be treated thereafter as Distributable Royalties for all purposes.
Five percent (5%) of all Distributable Royalties shall be allocated to the LSU LIFT (Leveraging Innovation for Technology Transfer) Fund in the Office of the President for support of proof-of-concept grants to faculty at any University institution in furtherance of commercial development of inventions.
The unique circumstances of individual cases involving multiple entities may require an unequal distribution of Distributable Royalties.
The Distributable Royalties are divided into the participating Works of Music, depending on usage (download or usage).
After such recovery of double expenses, any excess Litigation Proceeds shall be treated as Distributable Royalties and allocated accordingly.
Fifty percent (50%) of all Distributable Royalties shall be allocated within the appropriate campus as directed by the Chancellor of that campus or, for LSU, the President or his designee.
Five percent (5%) of all Distributable Royalties shall be allocated to the LSU LIFT (Leveraging Innovation for Technology Transfer) Fund in the Office of the President for support of proof-of-concept grants to faculty at any LSU institution in furtherance of commercial development of inventions.
Corporate stock or other equity shares within Distributable Royalties which comprises the inventor’s allocation as described above shall be transferred to the respective authors or inventors as soon as reasonably practicable after the University is legally able to transfer title to such equity, and until that time the University shall be the sole owner of such equity.
Any cash benefits received by the University arising from such equity ownership (for example, cash dividends, or proceeds from the sale of the equity) shall be distributed within the University in the same relative proportions as other Distributable Royalties; except that the inventor(s) shall receive no portion of any such cash, because the inventor(s) will ordinarily have already received 40% of the equity originally received by the University under Section 7-4(b)(1).
In the absence of any agreement by the University to the contrary, each unique invention, related patent, patent application or other form of uniquely identifiable intellectual property associated with a particular license which generates Distributable Royalties will be presumed to have contributed equally to those Distributable Royalties.