Upside Sharing Sample Clauses
The Upside Sharing clause defines how financial gains or benefits exceeding a certain threshold are distributed among parties to an agreement. Typically, this clause specifies the percentage or formula by which any profits, savings, or performance bonuses above a predetermined baseline are shared, often incentivizing both parties to maximize positive outcomes. Its core function is to ensure that all parties have a vested interest in the success of the venture, aligning incentives and fairly allocating additional value created beyond initial expectations.
Upside Sharing. In addition to ▇▇▇▇▇▇▇▇▇▇’s obligation to deliver the Guaranteed Amount pursuant to Section 9a hereof, if applicable, Auctioneer agrees to deliver to IBIO per the following formula:
i. the Guaranteed Amount;
ii. Any Sale Proceeds over $2,300,000 will be split 80:20 in favor of IBIO (with Sales Proceeds between $2,100,000 and $2,300,000 remitted to Auctioneer for Expenses); and
iii. Auctioneer shall be entitled to the Buyer’s Premium on the sale of all items.
Upside Sharing