Economic Benefit Statement definition

Economic Benefit Statement has the meaning given in paragraphs 11 or 12.1, as applicable, of this Schedule;
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Economic Benefit Statement has the meaning given in paragraphs 1.11(a) or 1.13(b) as applicable, of Part E (Economic Benefit Transfer) of this Schedule 3 (Brazil);
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Economic Benefit Statement has the meaning given in paragraph 4.14.2 of this Schedule;
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Examples of Economic Benefit Statement in a sentence

  • The provisions of paragraphs 3, 4, 5 and 6 shall apply equally in respect of the calculation of any Economic Benefit Amount in respect of Rx Spin-out Businesses, mutatis mutandis, as if the Purchaser was the relevant Seller for the purposes of applying those paragraphs to the Rx Spin-out Businesses and shall be responsible for preparing the relevant Economic Benefit Statement and as if GlaxoSmithKline was the Purchaser for the purposes of applying those paragraphs to the Rx Spin-out Businesses.

  • The calculation of the Economic Benefit Amount set out in an Economic Benefit Statement shall only be converted into pounds sterling in accordance with this paragraph 3.6 and aggregated after the Economic Benefit Statement has been agreed or determined in accordance with this Part 3.

  • Where any Delayed Business comprises both a Commercialisation business and a Manufacturing business, the Economic Benefit Statement shall be prepared such that there shall be no double counting of the components of the aggregate Economic Benefit Amount in respect of that Delayed Business.

  • The calculation of the Economic Benefit Amount set out in an Economic Benefit Statement shall only be converted into US Dollars in accordance with this paragraph 1.4 (Currency Conversion) after the Economic Benefit Statement has been agreed or determined in accordance with this Part E (Economic Benefit Transfer).

  • Any Dispute Notice shall specify (i) which items of the Draft Economic Benefit Statement are disputed; (ii) the reasons therefor, making specific reference (where relevant and reasonably possible) to the parts of this Schedule 3 which the Novartis Audit Team asserts have not been complied with in preparing the relevant statement; and (iii) to the extent practicable, any adjustments that the Novartis Audit Team considers should be made to the Draft Economic Benefit Statement.

  • Novartis’ Audit Team may dispute a Draft Economic Benefit Statement by notice in writing (in this Schedule 3 (Brazil), a Dispute Notice) delivered to Alcon within three (3) weeks following receipt of the Draft Economic Benefit Statement.

  • The Parties shall bear the costs in relation to the preparation and certification of any Draft Economic Benefit Statement and in relation to the review of (and any dispute in relation to) any Draft Economic Benefit Statement, including the fees payable to any Economic Benefit Expert, equally (50 per cent.

  • If the Purchaser and the Seller, or their representatives referred to in this paragraph 4.9 are able to agree the contents of the Draft Economic Benefit Statement, it shall be amended to reflect any changes which have been so agreed and shall then constitute the “Economic Benefit Statement” in respect of that Delayed Business for the relevant Delay Period.

  • If following the agreement or determination of an Economic Benefit Statement in respect of any Quarterly Accounting Period the Economic Benefit Amount is a positive amount, Novartis shall pay an amount equal to the Economic Benefit Amount as set out in the relevant Economic Benefit Statement to Alcon within ten (10) Business Days of the date of the agreement or determination of the relevant Economic Benefit Statement.

  • Alcon shall, and shall procure that its Affiliates and the Brazilian Alcon Employees shall, provide Novartis’ Audit Team, without charge, such access to their personnel, books and records, calculations and working papers as such Audit Team may reasonably request in connection with its review of the Draft Economic Benefit Statement.


More Definitions of Economic Benefit Statement

Economic Benefit Statement has the meaning given in paragraph 9.11.1 of this Schedule;
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Related to Economic Benefit Statement

  • Tax Benefit Schedule is defined in Section 2.02 of this Agreement.

  • Benefit Schedule means a schedule of benefits attached to these Terms and Benefits which sets out, among others, the benefit items and maximum benefits covered.

  • Final Adjustment Statement has the meaning set forth in Section 2.6(c).

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • Current state fiscal year means the state fiscal year for which a particular calculation is made.

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

  • Stage Payment Statement shall have the meaning set forth in Clause 19.4; “Structures” means an elevated road or a flyover, as the case may be;

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Earn-Out Statement has the meaning set forth in Section 2.5(c).

  • Capacity Benefit Margin or “CBM” shall mean the amount of firm transmission transfer capability preserved by the transmission provider for Load-Serving Entities (“LSEs”), whose loads are located on that Transmission Service Provider’s system, to enable access by the LSEs to generation from interconnected systems to meet generation reliability requirements. Preservation of CBM for an LSE allows that entity to reduce its installed generating capacity below that which may otherwise have been necessary without interconnections to meet its generation reliability requirements. The transmission transfer capability preserved as CBM is intended to be used by the LSE only in times of emergency generation deficiencies.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Tax Benefit Payment is defined in Section 3.1(b) of this Agreement.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Pharmacy benefit manager means a person, business or other

  • Billing Adjustment Credit To provide Customer the benefit of the rates and discounts in the Amendment as of the Effective Date and until such rates and discounts are implemented, the Company shall provide Customer with a one-time billing adjustment credit equal to $152,300.00 plus applicable taxes and surcharges. This credit shall compensate Customer for the difference between the Tariff/Guide/list rates invoiced during the 1st full billing cycle following Customer's signature date above and the rates and discounts in this Agreement.

  • Parent Benefit Plan means an Employee Benefit Plan sponsored, maintained, or contributed to (or required to be contributed to) by Parent or any of its Subsidiaries, or under or with respect to which Parent or any of its Subsidiaries has any current or contingent liability or obligation.

  • Societal benefits charge means a charge imposed by an electric

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Distribution Date Statement As defined in Section 4.02(a).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.

  • Adjustment Statement has the meaning set forth in Section 2.6(a).

  • Final Payment Statement shall have the meaning set forth in Clause 19.13;

  • Capital Account Limitation has the meaning provided in Section 4.5(b) hereof.

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.