DSL Gross Profit definition
DSL Gross Profit means the gross profit, determined in accordance with US GAAP, solely of the DSL Business as reflected in the Financials (it being understood that the costs of the DSL Business shall include, but not be limited to, royalties paid or payable to the Chief Scientist with respect thereto and the Consulting Fee). In addition, the Consultant shall be entitled to fifty percent (50%) of the DSL Compensation for six (6) months following the termination of this Agreement by the Company pursuant to Section 3.3.1 above (it being clarified that termination date is 90 days after the termination notice), solely with respect to any invoice that was issued during the said six (6) months period.
Examples of DSL Gross Profit in a sentence
For purposes of this clause, the term "DSL Gross Profit" shall mean the gross profit, determined in accordance with US GAAP, solely of the DSL Business as reflected in the Financials (it being understood that the costs of the DSL Business shall include, but not be limited to, royalties paid or payable to the Chief Scientist with respect thereto and the Consulting Fee).