Maximum Deduction definition
Examples of Maximum Deduction in a sentence
Upon completion of a Project, if actual Royalty Revenues are greater than or equal to the Maximum Deduction plus any deduction allowed for a previous Step in the same fiscal year, the Administrator will, subject to this Agreement and the Regulation, allow the deduction for the Step.
Upon completion of a Project, if the actual Royalty Revenues are less than the Maximum Deduction plus any deduction allowed for a previous Step in the same fiscal year, the Administrator has sole discretion to allow a deduction in an amount less than the Maximum Deduction or to not allow the deduction that fiscal year.
If actual Royalty Revenues are greater than or equal to the Maximum Deduction plus any deduction allowed for a previous Step in the same fiscal year, then the Administrator, will, subject to this Agreement and the Regulation, allow the deduction for the Step.
If the actual Royalty Revenues are less than the Maximum Deduction plus any deduction allowed for a previous Step in the same fiscal year, then the Administrator has sole discretion to allow a deduction in an amount less than the Maximum Deduction or not allow the deduction that fiscal year.
The Maximum Deduction Amount (MDA) for any MRPQA will escalate based upon the Contractors performance.
In the Enrollment Agreement, each such Participant shall authorize the applicable Employer to deduct a percentage of each payment of Compensation paid by the Employer during the Offering Period to the Participant, which shall be in one percent (1%) increments and may not exceed the Maximum Deduction Amount; provided that the number of Units purchased for such Participant on the Purchase Date shall be subject to the 20,000 Unit purchase limit set forth in Section 3.02(b).
Roche may carry forward any amounts not utilized as a result of the maximum deduction cap in this Section 7.4.3(g) (Maximum Deduction) and offset against future royalties payable to Ionis for the applicable Product any amounts that, but for this Section 7.4.3(g) (Maximum Deduction), Roche would have been entitled to deduct from any royalty payments to Ionis until any amounts not utilized are fully deducted.
In the Enrollment Agreement, each such Participant shall authorize the applicable Employer to deduct a percentage of each payment of Compensation paid by the Employer during the Offering Period to the Participant, which shall be in one percent (1%) increments and may not exceed the Maximum Deduction Amount; provided that the number of Units purchased for such Participant on the Purchase Date shall be subject to the 30,000 Unit purchase limit set forth in Section 3.02(b).
Subject to Section 7.4.3(g) (Maximum Deduction), Roche shall have the right to deduct [***]% of such consideration actually paid to a Third Party with respect to a Product from royalty payments otherwise due and payable by Roche to Ionis for such Product under Section 7.4 (Royalties).
Except as set forth in this Section 7.4.3(g) (Maximum Deduction), in no event shall the aggregate royalty reductions set forth in Section 7.4.3 (Royalty Adjustments) reduce the royalties payable to Ionis for Net Sales of a Product in the applicable country in any given period to an amount that is less than [***]% of the royalty rates listed in TABLE 4 within Section 7.4.1 (Royalty Rates).