UDC's Profit definition
UDC's Profit means UDC's net pre-tax, pre-interest profit on its resale of the Product in question to a UDC Licensee, as determined under generally accepted accounting principles in the United States of America and as used for the preparation of UDC's published financial statements. As used herein, "profit" shall mean the sales price for the Product less UDC's costs of acquiring, developing, producing, selling and/or shipping the Product, plus an allocation of general and administrative costs and research and development costs appropriately allocated to the Product. To the extent, if any, that any such profits accrued for a given period are required to be increased or decreased, as the case may be, in a subsequent period by an expense or credit in that subsequent period and in conformance with such generally accepted accounting principles, UDC's Profit for that subsequent period shall be adjusted by such expense or other charge.