Net Income Contribution definition

Net Income Contribution means, for any month, (a) the Monthly Gross Margin for such month less (b) any direct research and development costs (including capitalized research and development costs), sales and marketing costs and finance and operations costs less (c) indirect costs of the Company (including costs allocated to the Company by Parent or any of its Subsidiaries) incurred in connection with its products and services for such month, including, but not limited to, shared services provided for human resources, accounting, IT support and other costs not directly attributable to providing the Company’s products and services; provided, however, that to the extent such expenses were previously deducted in calculating the Monthly Gross Margin, such expenses shall not also be deducted pursuant to (b) above; provided, further, that any costs allocated to the Company by the Parent or any of its Subsidiaries under (c) above shall not include amounts that the Company would not otherwise have incurred if not solely for Parent’s status as a “reporting company” under the Exchange Act.
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Examples of Net Income Contribution in a sentence

  • Unless the Shareholder Representative disputes Parent’s determination of the Monthly Gross Margin and/or Net Income Contribution in accordance with the provisions of Section 2.15(f), Parent’s determination shall be conclusive and binding upon the Shareholder Representative and the Shareholders.

  • The Neutral Accountant shall review the Monthly Statement and, within ten (10) Business Days of its appointment, shall make any adjustments necessary thereto (based solely upon the written proposals from the parties with respect to the items in dispute), and, upon completion of such review, such Monthly Statement and the calculation of the Monthly Gross Margin and/or Net Income Contribution, as applicable, as determined by the Neutral Accountant shall be binding upon the parties.

  • Parent shall make available to Shareholder Representative all books and records maintained by Parent and the Company as the Shareholder Representative may reasonably require in order for Shareholder Representative to review and confirm Parent’s calculation of the Monthly Gross Margin and Net Income Contribution, if applicable, as set forth in the Monthly Statement.

  • If the Parent and the Shareholder Representative cannot mutually agree upon the calculation of the Monthly Gross Margin and/or Net Income Contribution, as applicable, within thirty (30) days after delivery of the Gross Margin Dispute Notice, Parent and the Shareholder Representative shall engage the Neutral Accountant to resolve such dispute.