Common use of Net Profit Reports Clause in Contracts

Net Profit Reports. GenVec shall deliver to Scios within * after the end of each calendar quarter in which Licensed Products are sold a written report setting forth in reasonable detail, on a Licensed Product-by-Licensed Product basis, the calculation of the amounts payable to Scios for such calendar quarter, including the quantities of Licensed Products sold and the Net Revenues and Net Profits with respect thereto. Such reports shall be Confidential Information of GenVec subject to Article 7 herein.

Net Profit Reports. GenVec shall deliver to Scios within * after the ------------------ end of each calendar quarter in which Licensed Products are sold a written report setting forth in reasonable detail, on a Licensed Product-by-Licensed Product basis, the calculation of the amounts payable to Scios for such calendar quarter, including the quantities of Licensed Products sold and the Net Revenues and Net Profits with respect thereto. Such reports shall be Confidential Information of GenVec subject to Article 7 herein.