Promotion Costs definition
Examples of Promotion Costs in a sentence
The Parties shall bear their respective costs for maintaining personnel and facilities to receive, review, forward and/or (as applicable) respond to Collaboration Product medical inquiries, which costs shall be Promotion Costs to the extent directly allocable to efforts related to Collaboration Products in the Territory.
Balancing payments between the Parties for purposes of the sharing of Premarketing Costs and Promotion Costs under the Agreement will be approved by the Finance Subcommittee.
The Parties shall share equally in the Premarketing Costs and Promotion Costs under the Commercialization Plans and the Agreement.
As set forth in Exhibit B the parties shall equally share Premarketing Costs and Promotion Costs for all Products.
Within thirty (30) days after the end of each calendar quarter, there shall be reconciliation of the Premarketing Costs and Promotion Costs which are to be shared and which are incurred during that quarter by the Parties, with a payment by one Party to the other to the extent necessary so that each Party bears one-half of Premarketing Costs and Promotion Costs.
The Agency shall pay the Promotion Costs in the manner and on the dates required by this Agreement.
During the Copromotion Term, and subject to the terms of this Agreement, ▇▇▇▇▇ agrees to spend not less than Five Million dollars ($5,000,000) in each Agreement Year on Advertising and Promotion Costs for the Product in accordance with the Promotion Plan approved by the JEC; provided, that such $5,000,000 figure shall be prorated for any Agreement Year that is less 365 days based on the number of days in the actual Agreement Year divided by 365.
The JCC will, subject to “Decision Making” below: • review and approve the initial Co-Promotion Plan; • review and approve all updates to the Co-Promotion Plan; • oversee implementation of the Co-Promotion Plan; • review and approve all training and promotional materials; • resolve any disputes relating to any Promotion Costs reimbursements due to PTI; and • perform any other functions as the Parties may mutually agree.
If any disputed Promotion Costs cannot be resolved by the JCC, the dispute resolution mechanisms set forth in Section 5 (“Decision Making”) will apply.
PTI will be responsible for all Promotion Costs it incurs in excess of the amount set forth in the Co-Promotion Plan.