Old Product definition

Old Product means any product manufactured by AMERSHAM which incorporates a peroxidase enzyme not the subject of the programme of research set out in Schedule I of this agreement.

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Examples of Old Product in a sentence

• This adjustment will apply if the Old Product being rewritten is a traditional life policy, has been in force for 5 years or more, and the commissions on the New Product are adjusted under the Rewritten Business Rules.

• RULES FOR MONEY COMING INTO A NEW LIFE POLICY Permanent to Permanent / Term to Term / Permanent to Term Life Full First-Year Commissions will be paid on the part of the New premium in the New Product that exceeds the premium level of the Old Product.

• Partial First-Year Commissions will be paid on premium dollars in the New Product up to the premium level of the Old Product.

• TERM TO PERMANENT - Term-to-permanent commission payments are determined by the conversion rules of the Old Product.

• In that case, the license for the Old Product granted by Blue Planet-works will automatically lapse after completion of the Upgrade and, thereafter, the provisions of this Agreement shall apply to the License that was granted for the Upgraded Product.

• RULES FOR MONEY COMING INTO A NEW LIFE POLICY --------------------------------------------- PERMANENT TO PERMANENT / TERM TO TERM / PERMANENT TO TERM LIFE -------------------------------------------------------------- FULL FIRST-YEAR COMMISSIONS will be paid on the part of the New premium in the New Product that exceeds the premium level of the Old Product.

• If a customer Upgrades an Old Product and if Blue Planet-works approves, the license for the Old Product granted by Blue Planet-works (including the number of licenses, geographical scope, scope of use, and other conditions) shall be succeeded by a license for the Upgraded Product after the Upgrade is complete.

• A Persistency Adjustment will apply to offset the "lapse" of the Old Product that is being rewritten under the Traditional Life Persistency (TLP) arrangement.

• Term-to-permanent commission payments are determined by the conversion rules of the Old Product.

• The customer may cause the Relevant Data of the Old Product to become the Relevant Data of the Upgraded Product subject to the compliance with the preceding Paragraph.