Sharing of Net Income. All “Net Income” shall be shared by the Creator and the University as follows: • Of the first $50,000 of net income: 50% shall be distributed to the Creator and 50% shall be distributed to the University. • Of the next $200,000 of net income: 45% shall be distributed to the Creator, 45% shall be distributed to the University, 5% shall be distributed to the Creator’s originating college(s), and 5% shall be distributed to the Creator’s originating unit(s). • Of the next $250,000 of net income: 40% shall be distributed to the Creator, 45% shall be distributed to the University, 7.5% shall be distributed to the Creator’s originating college(s), and 7.5% shall be distributed to the Creator’s originating unit(s). • Of net income in excess of $500,000: 35% shall be distributed to the Creator, 50% shall be distributed to the University, 7.5% shall be distributed to the Creator’s originating college(s), and 7.5% shall be distributed to the Creator’s originating unit(s). • Multiple Creators shall share equally in Creator’s share of income unless there is a written agreement to the contrary among them. • Colleges and units receiving “Net income” are encouraged to utilize it so as to benefit Creator’s research and academic programs.
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Sharing of Net Income. All “Net Income” shall be shared by the Creator and the University as follows: • Of the first $50,000 of net income: 50% shall be distributed to the Creator and 50% shall be distributed to the University. • Of the next $200,000 of net income: 45% shall be distributed to the Creator, 45% shall be distributed to the University, 5% shall be distributed to the Creator’s originating college(s), and 5% shall be distributed to the Creator’s originating unit(s). • Of the next $250,000 of net income: 40% shall be distributed to the Creator, 45% shall be distributed to the University, 7.5% shall be distributed to the Creator’s originating college(s), and 7.5% shall be distributed to the Creator’s originating unit(s). • Of net income in excess of $500,000: 35% shall be distributed to the Creator, 50% shall be distributed to the University, 7.5% shall be distributed to the Creator’s originating college(s), and 7.5% shall be distributed to the Creator’s originating unit(s). • Multiple Creators shall share equally in Creator’s share of income unless there is a written agreement to the contrary among them. • Colleges and units receiving “Net income” are encouraged to utilize it so as to benefit Creator’s research and academic programs.
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Samples: Agreement
