Returns and Allowances definition
Examples of Returns and Allowances in a sentence
Within forty-five (45) days after the end of each calendar quarter, Alexion shall submit a written report to XOMA setting forth in reasonable detail Gross Sales (including Sales Returns and Allowances), Marketing/Development Partner Revenues and Allowable Expenses (including Cost of Goods Sold, Distribution Expenses, Sales and Marketing Expenses and Commercialization Expenses) incurred by or on behalf of Alexion in the Territory during such calendar quarter.
Such statements shall include, as a minimum, the total amount of the Product sold during the quarter to which the statement relates, the Wholesale Selling Price of the Product, the deductions for Returns and Allowances, if any, the deductions for value added, consumption and/or sales or similar taxes, if any, and the computation of the Royalty.
Gross Sales Less: Sales Returns and Allowances = Net Sales Less: Cost of Sales = Gross Profits Less: Marketing Costs Less: Sales Costs Less: Ongoing Development Expenses Less: Other Out-of-Pocket Costs = Contribution Less: Distribution Costs = Collaboration Product Profit (Loss) *Certain information on this page has been omitted and filed separately with the commission.
The financial representatives from the Parties will meet as appropriate but at least quarterly to review and approve the following: - forecasts - budgets - inventory levels - Sales Returns and Allowances - other financial matters, including but not limited to each Party's methodologies for charging costs and allocating Sales Representatives to activities related to Licensed Product for determination of actuals, forecasts, budgets and long range plans and the results of applying such methodologies.
Gross Sales less Sales Returns and Allowances = Net Sales less Cost of Sales = Gross Profits less Marketing Costs less Sales Costs less Development Costs less Other Operating Income/Expense less Distribution Costs less General and Administrative Costs = Operating Profits or Losses If necessary, a Party will make the appropriate adjustments to the financial information it supplies under the Agreement to conform to the above format of reporting results of operations.
As applicable, Gross Sales, Sales Returns and Allowances, Net Sales, Reimbursable Commercial Costs incurred by ELAN shall be translated into United States dollars in accordance with ELAN's customary and usual currency conversion procedures, consistently applied.
In the event that Alnylam, or its Affiliates makes any adjustments to Sales Returns and Allowances after the associated Net Sales have been reported pursuant to this Agreement, the adjustments shall be reported by Alnlyam and reconciled with the next report and payment of any royalties due.
Sales Returns and Allowances" shall have the meaning set forth in the Financial Appendix.
Par shall record sales in the U.S. The Finance Subcommittee will meet as appropriate but at least quarterly to review and approve the following: Development Costs (review only); actual results; forecasts; budgets; inventory levels; Sales Returns and Allowances; and other financial matters, including each Party's methodologies for charging costs to the Collaboration, for determination of actuals, forecasts, budgets and long range plans and the results of applying such methodologies.
The results of operations of GenXOMA will be presented in the following format, with the categories as defined below: XOMA Genentech Total ---- --------- ----- Gross Sales less Sales Returns and Allowances = Net Sales less Cost of Sales = Gross Profits less Marketing Costs less Sales Costs less Development Costs chargeable to GenXOMA less Other Operating Income/Expense = Contribution less Distribution Costs less Administration Costs = Operating Profit (Loss) Exh.