Income Sharing. The Parties agree that the income from the foregoing advertisement cooperation shall be shared depending on advertisement putting, real estate listing or the channels otherwise cooperated and the contents thereof, in accordance with the following specific rules:
Income Sharing. 4.4 Where Gross Revenue is received by the Exploiting Party in respect of Intellectual Property, the generation of which was fully funded by Diabetes UK, then the Exploiting Party shall:
Income Sharing. 3.3 Where income is received then the Exploiting Party shall in respect of each individual Trust-funded Project that is exploited:
Income Sharing. Where income is received then the Exploiting Party shall in respect of each Diabetes UK Funded Project that is exploited: receive Gross Revenue due; deduct and reimburse as appropriate any and all Direct Costs; be entitled to receive a Technology Transfer Fee on Net Revenue received (determined by reference to Cumulative Income) as follows: CUMULATIVE INCOME TECHNOLOGY TRANSFER FEE £0 – £100 000 30% (thirty per cent) £100 001 – £500 000 25% (twenty-five per cent) £500 001 20% (twenty per cent) distribute remaining Net Revenue received in the following revenue shares (determined by reference to Cumulative Income) as follows: CUMULATIVE INCOME INSTITUTION & Technology Transfer Office DIABETES UK £0 – £100 000 65% (sixty-five per cent) 35% (thirty-five per cent) £100 001 60% (sixty per cent) 40% (forty per cent) All fees and income payable under this Agreement are exclusive of VAT which will be charged where applicable.
Income Sharing. Where income is received then the Exploiting Party shall in respect of each individual LYALLPUR EYE TRUST-funded Project that is exploited: receive Gross Income due; deduct and reimburse as appropriate any and all Direct Costs; distribute remaining Net Income received in the following revenue shares (determined by reference to Cumulative Income) as follows: Cumulative Income Organisation and Technology Transfer Group LYALLPUR EYE TRUST Above £500,000 75% (seventy five per cent) 25% (twenty five per cent) Equity sharing and potential future investment Where rights to take Equity are received then the Exploiting Party shall in respect of each individual LYALLPUR EYE TRUST-funded Project that is exploited: share any Equity received in the following proportions, and Organisation and Technology Transfer Group LYALLPUR EYE TRUST 75% (seventy five per cent) 25% (twenty five per cent) use diligent efforts to ensure that, in consultation with LYALLPUR EYE TRUST, the Equity is issued on terms whereby the proportionate shareholdings due to LYALLPUR EYE TRUST are either (i) issued directly to LYALLPUR EYE TRUST, or (ii) held on trust for LYALLPUR EYE TRUST until such time as the Organisation realises the Equity as cash when it will be shared 75:25 as above. For the avoidance of doubt, the LYALLPUR EYE TRUST’s share of any Net Income shall be allocated to LYALLPUR EYE TRUST prior to the deduction of any reward to the Organisation’s employees or students who are inventors of the LYALLPUR EYE TRUST-Funded IP. The Organisation shall be solely responsible for the payment of such reward (in accordance with its internal policies) out of the revenue to which it is entitled under clauses 3.3 and 3.4 above. Notwithstanding the terms of this clause 3, the Organisation and its Technology Transfer Group shall be free to agree how to share between themselves any share of Net Income and/or Equity due to either or both of them under this Agreement. ACCOUNTING, REPORTING AND PAYMENTS Within three (3) months following the annual accounting date set out in Schedule 1, the Exploiting Party shall provide to the Other Party(s) a statement or statements setting out financial information for the preceding 12-month period ending on such annual accounting date (unless alternative reporting periods are mutually agreed) in respect of each LYALLPUR EYE TRUST-funded Project commercialised, including Gross Income, Net Income, Cumulative Income, Direct Costs, Equity, revenue shares and taxes. In add...
Income Sharing. [***]. In the event (a) LGC or its Affiliate [***] or (b) Cue [***], then the Parties shall share all Sublicensing Revenue paid by such LGC sublicensee (an “LGC Income Sharing Sublicensee”) or the Cue Direct Third Party Licensee to such Party or its Affiliate as set forth below:
Income Sharing. 1.The settlement product is “Light Class selected courses monthly subscriptions”, and the settlement shall be made according to the settlement code “vocational education learning package” allocated by Party A in iRead.
Income Sharing. The Income will be shared after deducting from its initial total any cost recoveries as provided in subparagraph 7.3 herein:
Income Sharing. Where income is received then the Exploiting Party shall in respect of each individual Trust-funded Project that is exploited: receive Gross Income due; deduct and reimburse as appropriate any and all Direct Costs; be entitled to receive a Technology Transfer Fee on Net Income received (determined by reference to Cumulative Income) as follows: Cumulative Income Technology Transfer Fee £0 – £100 000 30% (thirty per cent) £100 001 – £500 000 25% (twenty-five per cent) £500 001 20% (twenty per cent) distribute remaining Net Income received in the following revenue shares (determined by reference to Cumulative Income) as follows:
Income Sharing. With effect from the final Service Availability Date the Net Income shall be divided between the Authority and the Contractor equally. The Contractor shall notify the Authority in respect of the six months ending on each 30 September and 31 March, within one month of the end of each such period, of the Gross Income and the amount and nature of all Costs which the Contractor considers are eligible to be deducted from the Gross Income in accordance with this Clause 29.11 (Income Notice). The Contractor shall deliver to the Authority with the Income Notice a detailed breakdown of the Gross Income and all Costs, together with supporting evidence thereof and shall permit the Authority access in an open book basis to all accounts and other records necessary to satisfy the Authority as to the accuracy of the Income Notice. The Authority shall be entitled to dispute the amount of the Gross Income and the Costs by written notice to the Contractor within 20 Business Days (Dispute Notice). If the Authority does not serve a Dispute Notice, the Income Notice shall be conclusive evidence of the Gross Income and the Costs. If the Authority does serve a Dispute Notice, the matter shall, in default of agreement, be resolved by reference to the Dispute Resolution Procedure. The Authority’s part of the Net Income shall be taken account in the Monthly Unitary Charge payable for the Payment Period following the final determination of the amount of Net Income in accordance with this Clause 29.11 and such Monthly Unitary Charge shall be reduced accordingly. If the date of such final determination is after the end of the Contract Period, the Authority’s part of such Net Income shall be paid by the Contractor to the Authority.
