Product Expenses definition

Product Expenses means all costs and expenses incurred by and payments made by the Company or its Affiliates in connection with generating revenue from the Product, including all costs and expenses incurred (including allocation of Company overhead based on the proportionate time, expenses and resources devoted by the Company to activities related to the Product as determined by the Company in good faith) for (a) the research, development and commercialization of the Product and (b) for any transaction, directly or indirectly, related to the Product.

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Product Expenses means (a) all out-of-pocket costs and expenses incurred (i.

Product Expenses is amended to include the following: "Product Expenses shall further include certain additional expenses relating to certain Product Lifecycle Plan Studies identified by the Operating Committee. With respect to each such agreed-upon Product Lifecycle Plan Study, the amount to be included as Product Expenses and thus shared by PFIZER and ▇▇▇▇▇▇-▇▇▇▇▇▇▇ in accordance with the terms of the Collaboration Agreement shall be the total of (i) all direct Grant Costs (as hereinafter defined) for such Product Lifecycle Plan Study, plus (ii) seventy-five percent (75%) of such Grant Costs ("Overhead Costs"). Inclusion of Overhead Costs as Product Expenses is intended to reimburse the party conducting such Product Lifecycle Plan Study (the "Conducting Party") for its overhead and internal resources employed in connection therewith. Notwithstanding the foregoing, Overhead Costs shall not be included as Product Expenses for any Product Lifecycle Plan Study from the date that a Conducting Party initiates the use of a clinical research organization to perform substantially all clinical monitoring and data management activities on behalf of the Conducting Party in connection with such Product Lifecycle Plan Study. With respect to Product Lifecycle Plan Studies currently ongoing and identified below, Overhead Costs shall be applied retroactively from April 15, 1996 where applicable, subject to the $6,000,000 cap on total out-of-pocket expenses from April 15, 1996 through June 30, 1996, as set forth in the definition of Product Expenses. For purposes of this definition, "Grant Costs" means out-of-pocket costs related to investigators, investigator meetings and laboratory grants, but shall not include the costs of clinical monitoring, data management, programming, biostatistics or report writing. The initial Product Lifecycle Plan Studies that PFIZER and ▇▇▇▇▇▇-▇▇▇▇▇▇▇ intend to be subject to this amendment are the following: Ongoing Studies Planned Trials --------------- -------------- 981-53 Usual Care 981-105 Unstable angina (MIRACLE) 981-68 AVERT 981-124 Cerebral Vascular Disease 981-71 NIDDM Intervention Trial 981-69 Pharmacoeconomic 981-70 Treat-to-Target Trials 981-72

Examples of Product Expenses in a sentence

The Parties agree to keep full and accurate books and records setting forth in reasonable detail the Attributable Glass Proceeds, the Glass Product Expenses, and the calculation of the Glass Excess Payment.
The Parties agree to keep full and accurate books and records setting forth in reasonable detail the payments payable to the other Party hereunder, or Glass Product Expenses to be recorded hereunder, and the calculation thereof.
In the event of a Divestiture, Miles shall receive 1.25% of the net proceeds of such sale, pro rata, and in the form of such net proceeds, after the deduction of Product Expenses not previously deducted.
All other costs associated with such trademarks shall be deemed Allowable Product Expenses.
The Purchasing Party shall report its Glass Product Expenses, if any, to the Asserting Party no later than thirty (30) days following the last day *** - indicates material omitted pursuant to a confidential treatment request and filed separately with the Securities and Exchange Commission.
In addition, within sixty (60) days of the Launch Date, ▇▇▇▇▇▇-▇▇▇▇▇▇▇ shall notify PFIZER of the calculation of ▇▇▇▇▇▇-▇▇▇▇▇▇▇'▇ and PFIZER's share of Product Expenses in respect of the period of time from the end of the last complete calendar quarter prior to the Launch Date to the Launch Date, and PFIZER or ▇▇▇▇▇▇-▇▇▇▇▇▇▇, as the case may be, shall pay such amount to the other within ten (10) business days after such notification.
In computing such amounts there shall be deducted the amounts PFIZER would have owed ▇▇▇▇▇▇-▇▇▇▇▇▇▇ pursuant to Section 3.01(b) with respect to the remaining Agreement Years had PFIZER's co-promotion rights not been terminated; provided that PFIZER shall have no obligations under Section 3.01(b) to actually pay or incur any Product Expenses after PFIZER's co-promotion rights are terminated under Sections 14.02(a) or 14.02(b).
The Purchasing Party shall report its Glass Product Expenses, if any, to the Asserting Party no later than thirty (30) days following the last day of each calendar year of the Agreement Term.
Allowable Product Expenses for Development Compounds in the Muscle Field shall be shared equally.
Allowable Product Expenses shall be payable quarterly in arrears, based on justification of Allowable Product Expenses incurred over the quarter.

More Definitions of Product Expenses

Product Expenses means [ * ].

Product Expenses means Promotion Expenses and any other expenses specifically designated in this Agreement to be Product Expenses.

Product Expenses means: (a) all out-of-pocket costs and expenses incurred (i.e., paid to third parties or accrued therefor) by Pfizer or WL (other than costs and expenses incurred for the services of a contract sales force) in connection with: (i) marketing, advertising, sampling and promoting of Products (including, without limitation, educational expenses, speakers' programs and symposia and promotional materials), (ii) training and communications materials approved by the GCMT, (iii) Product studies and any fees paid to clinical research organizations in connection with any Product studies, and (iv) submissions to regulatory authorities, including, without limitation, consultant fees relating to such submissions, (b) all costs and direct expenses (as defined in the Combination Agreement) of Pfizer and WL relating to the supply of finished Product and samples and to the distribution of finished Product and samples, and (c) all internal expenses of Pfizer and WL for Product studies determined pursuant to an agreed upon methodology. Product Expense budgets will be allocated and disbursed as per Global Marketing Plans and Country Marketing Plan approved by the GCMT and accounted for as provided in the Agreement and managed by Pfizer. Both parties will agree to mandate both expenditure levels and categories of expenditures for their sales/marketing operations consistent with the relevant Country Marketing Plan. Net Sales: "Net Sales" means: the aggregate sales of Pfizer and its Affiliates of Product to unaffiliated third parties in the co-promotion territory (but not including sales between Pfizer and its Affiliates) less: (i) bad debts related to the Products and (ii) sales returns and allowances, including, without limitation, trade, quantity and cash discounts and any other adjustments, including, but not limited to, those granted on account of price adjustments, billing errors, rejected goods, damaged goods, recalls, returns, rebates, chargeback rebates, fees, reimbursements or similar payments granted or given to wholesalers or other distributors, buying groups, health care insurance carriers or other institutions, freight and insurance charges billed to the customers, customs or excise duties, sales tax and other taxes (except income taxes) or duties related to sales, and any payment in respect of sales to any governmental or regulatory authority in respect of any Federal or state Medicaid, Medicare or similar program, all as determined in accordance with generally acc...

Product Expenses for each Country means all (a) out-of-pocket costs and expenses incurred (i.e. paid or accrued) to third parties (other than expenses incurred for the services of a contract sales force), whether incurred by ▇▇▇▇▇▇-▇▇▇▇▇▇▇ or PFIZER, for each Country on or after April 15, 1996 in connection with (i) marketing, advertising, sampling and promoting (including, without limitation, educational expenses, speakers' programs and symposia) Atorvastatin and the Products, (ii) training and communications materials, (iii) clinical, preclinical, epidemiological modeling and pharmacoeconomic studies that are designed to support local marketing and commercialization of the Products consistent with the Clinical Plan, (iv) supplementary submissions to Governmental or Regulatory Authorities, including, without limitation, consultant fees and advisory committee meetings relating to such submissions and (v) prosecution of patent infringement pursuant to Section 12.02; provided, however, such out- of-pocket expenses from April 15, 1996 through June 30, 1996 for the Co- Promotion Territory shall not be in excess of $5 million, (b) all costs and direct expenses of PFIZER and ▇▇▇▇▇▇-▇▇▇▇▇▇▇ relating to the supply of Samples (as determined in accordance with Section 5.02(b)) and the distribution of Samples and (c) all costs and expenses incurred centrally by ▇▇▇▇▇▇-▇▇▇▇▇▇▇ or PFIZER implementing Global Marketing programs agreed by the Global Business Subcommittee and relating to or benefiting the activities of the parties pursuant to this Agreement in such Country.

Product Expenses has the meaning given in Section 1.3.