Office Segment definition
Examples of Office Segment in a sentence
In addition to the amount payable to ▇▇▇▇▇▇ pursuant to Section 8.2.2, if an amount equal to *** of ▇▇▇▇▇▇ Net Sales in the Physicians’ Office Segment and Reference Lab Segment in a Quarterly Period (such amount being the “PO/RL Adjustment Number”) exceeds the PO/RL Baseline for such Quarterly Period, then ▇▇▇▇▇▇ shall pay OraSure a Revenue-Based Amount equal to the excess of the PO/RL Adjustment Number for such Quarterly Period over the PO/RL Baseline.
Unless and until Promotional Materials are approved by the Oversight Committee for publication or other general dissemination, each party shall maintain them in confidence pursuant to the terms of Article 12; provided that nothing herein shall preclude OraSure from using Promotional Materials that it develops for promotional activities and sales in the Physicians’ Office Segment or any other segment in which OraSure is permitted to Promote, distribute or sell Products.
Abbott further agrees not to sell the Products to customers whom Abbott knows has resold or distributed or facilitated the resale or distribution of the Products outside the Hospital Segment, Physicians’ Office Segment, U.S. Government Hospital Segment, Reference Lab Segment or the Territory in violation of this Agreement or to customers that Abbott knows intend to take such action.
The parties shall be obligated to pay separate revenue-based amounts in respect of each Quarterly Period based on ▇▇▇▇▇▇ Net Sales during such Quarterly Period to the Hospital Segment and U.S. Government Hospital Segment, on the one hand, and to the Physicians’ Office Segment and Reference Lab Segment, on the other, in accordance with this Section 8.2 (each a “Revenue-Based Amount”).
In addition, with respect to the Physicians’ Office Segment, OraSure shall not provide Products to any other distributor to the Physicians’ Office Segment at a transfer price which is less than *** of the Transfer Price.
Abbott shall not, directly or indirectly, promote, market, sell or otherwise distribute or provide (or arrange any sale, distribution or provision of) the Products outside of the Hospital Segment, Physicians’ Office Segment, U.S. Government Hospital Segment, Reference Lab Segment or the Territory.
Abbott may appoint sub-distributors or agents solely in the Physicians’ Office Segment and in no other Segment; provided, however, that (i) each such sub-distributor or agent agrees in writing to comply with ▇▇▇▇▇▇’▇ obligations under this Agreement that are applicable to the distribution of the Products and (ii) ▇▇▇▇▇▇’▇ use of sub-distributors or agents does not relieve Abbott of any of its obligations under this Agreement.
The grant of non-exclusive rights to Abbott under this Section 2.1.2 means that OraSure shall be permitted to promote, market and sell Products, directly or indirectly, to customers in the Physicians’ Office Segment, including engaging in all activities ancillary thereto (including, without limitation, warehousing, order entry, shipping, billing and collection, promotional, advertising, marketing and sales activities).
For purposes of this paragraph, Products within the Office Segment (“Office Products”) shall be agreed to separately between the Parties.
In the event the said sum is not expended in any one (1) year, the appropriation will terminate for that year.