Inventor Remuneration definition

Inventor Remuneration means any employee inventor consideration, remuneration or compensation that is required under applicable law for work-for-hire inventions acquired by the employer. Examples may include employee inventions arising in Germany, France, China, Japan, and Korea.
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Inventor Remuneration means any employee inventor consideration, remuneration or compensation that is required under applicable law for work-for-hire inventions acquired by the employer.
Sample 1Sample 2Sample 3
Inventor Remuneration means any remuneration payments made to an Inventor pursuant to remuneration obligations pursuant to the German Employee Invention Act or the Austrian law for service inventions or, if an Invention had not been claimed (in Anspruch genommen) by Seller or Seller’s Affiliates and is subsequently acquired by Seller, Buyer or any of their Affiliates, pursuant to the underlying agreement on the transfer of the respective Invention from the Inventor to the Seller, its Affiliates, Buyer or its Affiliates, in each case irrespective of whether such payments are or become due prior to or after the Closing (for the avoidance of doubt, excluding any expenses, overhead and other costs). “Pre-Closing Remuneration” shall mean any Inventor Remuneration relating to the use of an Invention in the time period prior to the Closing, including lump sum payments solely to the extent they relate to the use of the Invention in the time period prior to the Closing and excluding Post-Closing Lump Sum Payments. “Post-Closing Remuneration” shall mean any Inventor Remuneration relating to the use of an Invention in the time period after the Closing, including lump sum payments to the extent they relate (i) to the sale or transfer of the Purchased Intellectual Property by Seller or a Seller’s Affiliate to Buyer or a Buyer Designee (excluding, for the avoidance of doubt, payments that relate to the use of the Invention in the time period prior to the Closing) or (ii) to the use of an Invention within the Purchased Intellectual Property in the time period after the Closing (such lump sum payments, the “Post-Closing Lump Sum Payments”).
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Examples of Inventor Remuneration in a sentence

  • Notwithstanding the foregoing, any allocation of responsibility for Employee Inventor Remuneration Entitlements described on Schedule 5.08(g) shall prevail in the event of any conflict with this Section 5.08(g)(i).

  • If and to the extent that the actions or events that give rise to an Employee Inventor Remuneration Entitlement are related to any other intellectual property that is or was the property of Baxter or any of its Subsidiaries (but excluding the Baxalta Intellectual Property), Baxter shall indemnify and hold harmless Baxalta and the Baxalta Subsidiaries from and against the Employee Inventor Remuneration Entitlements resulting from such actions and events.

  • If and to the extent that the actions or events that give rise to an Employee Inventor Remuneration Entitlement are related exclusively to Licensor, Licensor shall indemnify and hold harmless Licensee from and against the Employee Inventor Remuneration Entitlements resulting from such actions and events.

  • In lieu of the foregoing provisions of this clause (ii), if it turns out that the position taken by and the Inventor Remuneration paid to an individual Inventor would or would reasonably be expected to impact the practice of payment of Inventor Remuneration to a larger group of Inventors and create a precedent, Seller and Buyer shall instead agree in good faith on the Inventor Remuneration to be paid to such individual Inventor.

  • This Section 9(c)(ii) is not meant to cause Buyer or Seller to determine the value of Purchased Intellectual Property in which the Invention is included for any tax, accounting or other purpose other than for the purpose of determining the Inventor Remuneration.

  • The Parties shall use Reasonable Commercial Efforts to assist each other in the administration of and defence against claims of Inventors which are subject of this Section 9.9 and shall cooperate to keep Inventor Remuneration to Inventors to the statutory minimum and to avoid or minimize, to the extent legally permissible, any lump sum payments.

  • If and to the extent that the actions or events that give rise to an Employee Inventor Remuneration Entitlement are related exclusively to AbbVie, AbbVie shall indemnify and hold harmless Abbott from and against the Employee Inventor Remuneration Entitlements resulting from such actions and events.

Related to Inventor Remuneration

  • Remuneration means any money or its equivalent given or passed to any person for services rendered by him and includes perquisites as defined under the Income-tax Act, 1961;

  • Remuneration Report means the remuneration report which forms part of the Directors’ Report of the Company for the financial year ended 30 June 2020 and which is set out in the 2020 Annual Report.

  • Monthly Base Salary means 1/12th of the greater of (i) Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control Termination or a Covered Termination, as applicable, or (ii) in the case of a Change in Control Termination, Executive’s annual base salary (excluding incentive pay, premium pay, commissions, overtime, bonuses and other forms of variable compensation) as in effect on the date of a Change in Control.

  • Base Pay means Executive’s annual base salary rate as in effect from time to time.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Annual Service Charge as of any date means the amount which is expensed in any 12-month period for interest on Debt of the Issuer and its Subsidiaries.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Core Earnings means, with respect to any Person for any period, net income determined in accordance with GAAP of such Person and its consolidated subsidiaries and excluding (but only to the extent included in determining net income for such period) (i) non-cash equity compensation expense, (ii) the expenses incurred in connection with the formation of the Sponsor and the offering in connection therewith, including the initial underwriting discounts and commissions, (iii) acquisition costs from successful acquisitions (other than acquisitions made in the ordinary course of business), (iv) real property depreciation and amortization, (v) any unrealized gains or losses or other similar non-cash items that are included in net income for the current quarter, regardless of whether such items are included in other comprehensive income or loss, (vi) extraordinary or non-recurring gains or losses and (vii) one-time expenses, charges or gains relating to changes in GAAP; provided that Core Earnings shall, solely with respect to the Core Earnings attributable to any Non Wholly-Owned Consolidated Affiliate, only include the Consolidated Group Pro Rata Share of such attributable amount.

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • training allowance means an allowance (whether by way of periodical grants or otherwise) payable—

  • Service Year means fiscal year, except that:

  • Annual Compensation means the wages paid to the member during covered employment within the meaning of Section 3401(a) of the Internal Revenue Code, but determined without regard to any rules that limit the remuneration included in wages based upon the nature or location of employment or services performed during the plan year plus amounts excluded under Section 414(h)(2) of the Internal Revenue Code and less reimbursements or other expense allowances, cash, or noncash fringe benefits or both, deferred compensation, and welfare benefits. Annual compensation for determining benefits during any determination period may not exceed the maximum compensation allowed as adjusted for cost of living in accordance with §5-10D-7 of this code and Section 401(a)(17) of the Internal Revenue Code.

  • Creditable compensation means the full compensation payable annually to an employee working

  • Training Costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.

  • Final compensation of a member means:

  • Societal benefits charge means a charge imposed by an electric

  • Nomination and Remuneration Committee means a Committee of Board of Directors of the Company, constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 and the Listing Agreement.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Disposable earnings means that part of the earnings of an

  • Requisition Compensation includes all compensation or other moneys payable by reason of any act or event such as is referred to in paragraph (b) of the definition of “Total Loss”;

  • Basic Salary shall have the meaning assigned to it in Section 5 of this Agreement.

  • Highest Average Compensation means the average Compensation for the three (3) consecutive years of Service with the Employer that produces the highest average. A Year of Service with the Employer is the twelve (12) consecutive month period identical to the Plan Year.

  • Employee Account means any brokerage account or unit investment trust account in which the Van Kampen Employee has any direct or indirect beneficial ownership.