Operating Profit (or Loss) definition

Operating Profit (or Loss) means Net Sales of Licensed Product(s) in the Partner Territory less Allowable Expenses in the Partner Territory. For sake of clarity, Operating Profit (or Loss) shall be determined prior to application of any income taxes, and if such terms are used individually, “Operating Profit” shall mean a positive Operating Profit (or Loss), and “Operating Loss” shall mean a negative Operating Profit (or Loss).

Operating Profit (or Loss) means Net Sales of Products in the U.S. less Allowable Expenses in the U.S. For sake of clarity, Operating Profit (or Loss) shall be determined prior to application of any income taxes, and if such terms are used individually, “Operating Profit” shall mean a positive Operating Profit (or Loss), and “Operating Loss” shall mean a negative Operating Profit (or Loss).

Operating Profit (or Loss) means Net Sales in Japan of all Products less the following items with respect to each Product sold in Japan or relating to Product sales efforts of a Party in Japan, all for a given period: [**].

Examples of Operating Profit (or Loss) in a sentence

• Segment Profit & Loss is measured on the basis of Operating Profit or Loss of each respective segment.

• Segment profit is based on the Operating Profit (or Loss) line item in the consolidated Statement of Income.

• The Parties will share in Operating Profit or Loss with respect to Licensed Product for U.S. Administration as follows: Bluebird will bear (and be entitled to) fifty percent (50%), and Celgene will bear (and be entitled to) fifty percent (50%) (the “Profit & Loss Share”).

• As further consideration to the Company for the rights granted to ERS in Japan under this Agreement, the Company's Distribution Fee for Japan shall be equal to the sum of 50% of Operating Profit or Loss from the sale of Products in Japan.

• ERS will provide the Finance Committee within 30 business days or receipt of each Party's financial information, a statement showing the consolidated results and calculations of the sharing of Operating Profit or Loss in Japan and cash settlement required in a format agreed to by the Parties.

More Definitions of Operating Profit (or Loss)

Operating Profit (or Loss) means, as to all Franchise Products (or, where applicable, on a product-by-product basis), GenIDEC’s Net Sales less the following items: Cost of Sales, Marketing Costs, Sales Costs, Development Costs, (to the extent chargeable to GenIDEC), Other Operating Income/Expense, Distribution Costs and Administrative Costs, for a given period.

Operating Profit (or Loss) means, with respect to a Joint Product for a given period of time, Net Sales of such Joint Product in the applicable Profit Share Region during such period, less the Commercialization Costs incurred in connection with the Commercialization of such Joint Product in or for such Profit Share Region during such period. Operating Profit (or Loss) shall be determined prior to application of any income taxes, and if such terms are used individually, “Operating Profit” shall mean a positive Operating Profit (or Loss), and “Operating Loss” shall mean a negative Operating Profit (or Loss).

Operating Profit (or Loss) shall have the meaning assigned to such term in the Financial Appendix. Confidential treatment requested by Xxxxxxx-Xxxxx Squibb Company, Xxxxxxx-Xxxxx Squibb Biologics Company and ImClone Systems Incorporated.

Operating Profit (or Loss) means, for any period, the total Net Sales of Collaboration Products less the sum of Collaboration Expenditures.

Operating Profit (or Loss) means, for a given period of time, […***…]. For clarity, Operating Profit (or Loss) shall be determined prior to application of any income taxes, and if such terms are used individually, “Operating Profit” shall mean a positive Operating Profit (or Loss), and “Operating Loss” shall mean a negative Operating Profit (or Loss).

Operating Profit (or Loss) shall have the meaning assigned to such term in the Financial Appendix.

Operating Profit (or Loss) means, for a given period of time, Net Revenue of a Licensed Product for the Profit-Share Territory during such period, less the sum of: (a) Joint Development Costs for such Licensed Product plus (b) Joint Medical Affairs Costs for such Licensed Product plus (c) Joint Commercialization Costs for such Licensed Product, in each case ((a), (b) and (c)) incurred during such time period. For clarity, Operating Profit (or Loss) will be determined prior to application of any income taxes, and if such terms are used individually, “Operating Profit” will mean a positive Operating Profit (or Loss), and “Operating Loss” will mean a negative Operating Profit (or Loss). Operating Profit (or Loss) will be recognized and calculated in accordance with GAAP.