Research Expenses shall have the meaning set forth in Section 6.1.
Research Expenses shall be equal to the total number of Symyx Full-Time Equivalent ("FTE") research positions on all Projects in the Research Program multiplied by Symyx's FTE rate ($260,000 per FTE per year as of the Effective Date, which rate will be increased annually to reflect changes in the Consumers Price Index, All Consumers, as published by the U.S. Bureau of Labor Statistics using 1998 as the base year).
Research Expenses means those direct research and development expenses directly applicable to personnel, supplies and materials and contracted and outside services, in each case, exclusively related to the development and commercialization of Licensed Products and Licensed Services; provided that to the extent that any specific personnel, supplies or materials or contracted or outside services are related to both the development and commercialization of Licensed Products and Licensed Services as well as other activities of Licensee that are not related to the development and commercialization of Licensed Products and Licensed Services, only that portion of the related expense that can reasonably be allocated solely to the development and commercialization of Licensed Products and Licensed Services, as substantiated by the contemporaneous business records of Licensee, may be included in Research Expenses. Research Expenses will be permitted to include an additional [**]%) percent of the foregoing direct research and development expenses as overhead but otherwise do not include any indirect costs, overhead, utilities, equipment or facility-related expenses, any general and administrative expenses or other similar costs. All Research Expenses shall be determined, and all calculations shall be made, in accordance with GAAP.
Examples of Research Expenses in a sentence
Acquired Using the Research Expenses) The facilities, etc., that are acquired using the research expenses set forth in Paragraph 7 of the Agreement Particulars shall be owned by the University.
Any and all facilities, equipment, supplies, etc., that are acquired using the Research Expenses set forth in Paragraph 10 of the Agreement Particulars shall be owned by the University.
In such case, the Partner shall determine whether or not it will bear the shortage in the Research Expenses through discussion with the University.
After giving notification that a research project has been provisionally approved, JST firstly concludes a Provisional Research Expenses Contract with the principal investigator’s institution in Japan.
The audit made adjustments to the claimed Research Expense Credits ("REC") (Alternatively "Qualified Research Expenses" ("QREs")) which resulted in additional tax due on the 2011 composite partnership returns.
More Definitions of Research Expenses
Research Expenses means research and development expenses determined in accordance with general accepted accounting principles consistently applied and with general industry practices, for the development of all of the products of the Oils Division, but excluding amounts included in either Overhead Allocation or Cost of Goods Sold.
Research Expenses. Research Expenses shall mean the expenses (other than Third Party License Fees) of the Parties incurred in performing Research and/or activities other than Development which support the Development Program and/or are useful in obtaining Regulatory Approval for an R&D Candidate pursuant to the Annual Research Plan or as expressly provided for in an Annual Development Plan.
Research Expenses means the expenses actually incurred by the Research Institute for the performance of the Collaborative Research and confirmed by JST in accordance with the terms of this Agreement.
Research Expenses means all of the expenses assumed during the Research Term pursuant to Section 5.1.1 or incurred after the Research Term by either party in connection with Research Project.
Research Expenses means the expenses incurred by a Party or for its account specifically attributable to Research for a Collaboration Compound. Research Expenses shall exclude administrative expenses.
Research Expenses means all costs, including all internal and Third Party costs, incurred by XXxxx in TScan’s conduct of the Program Research in compliance with the Research Work Plan.
Research Expenses. The term means ordinary and necessary direct costs, reasonable in nature, expended for the purpose of exploration, testing, data acquisition and/or the creation of a new concept, idea, method or physical structure or substance. Such expenses may include, but not be limited to, direct costs associated with the operation of the research facilities, as well as the salaries and associate employee benefits that are available to all classes of employees, classroom space, laboratory space and materials, as well as equipment whose use is directly related to the research being conducted by the institution. Such expenses shall not include all indirect and overhead charges allocated to the research project or facility, as well as any other costs specifically prohibited by the Commonwealth.