Working Percentage definition

Working Percentage means, with respect to BMS, the Working BMS Percentage and, with respect to Gilead, the Working Gilead Percentage.

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Working Percentage means an amount that is agreed to among the Parties as being the percentage of the NET SELLING PRICE for a COMBINATION PRODUCT that is attributable to the API(s) in the COMBINATION PRODUCT that is a LICENSED COMPOUND. The WORKING PERCENTAGE for each LICENSED COMPOUND shall be determined in accordance with the following procedures: No less than thirty (30) days before the end of the first calendar quarter during which a COMBINATION PRODUCT is sold anywhere in the Territory for which the methodology for determining royalties payable to IOCB/REGA is subject to this subsection (a)(v)(Y) above, Gilead shall provide to IOCB/REGA a proposed percentage that is intended to reflect, in good faith, the amount of the NET SELLING PRICE for such COMBINATION PRODUCT that is attributable to the API(s) in the COMBINATION PRODUCT that is a LICENSED COMPOUND. The Parties will then have thirty (30) days to discuss Gilead’s proposed percentage and attempt to agree on the actual percentage that will be used. If the Parties agree on the actual percentage before the thirty (30) day period expires, then such agreed percentage shall become the WORKING PERCENTAGE for determining the portion of the NET SELLING PRICE for that COMBINATION PRODUCT that is attributable to such API. Such WORKING PERCENTAGE shall apply to all sales of such COMBINATION PRODUCT containing such API anywhere in the Territory for the remainder of that calendar year. If the Parties are unable to agree on an actual percentage before the thirty (30) day period expires, then the WORKING PERCENTAGE shall be determined by [*]. Such WORKING PERCENTAGE shall apply to all sales of such COMBINATION PRODUCT containing such API anywhere in the Territory for the remainder of that calendar year. The WORKING PERCENTAGE that will be applied for each calendar year shall be documented between the Parties no later than December 15 of the immediately preceding calendar year For each subsequent calendar year, each WORKING PERCENTAGE shall remain the same as in the prior calendar year, unless no later than October 15 of the current calendar year either Gilead or IOCB/REGA submits a new proposed percentage for a particular API that is a LICENSED COMPOUND in a COMBINATION PRODUCT and prior to December 15 of that same year the Parties agree on a new WORKING PERCENTAGE for such API that would be applied in the following calendar year. If the Parties are unable to agree on a new WORKING PERCENTAGE prior to December 15, then the WORKING [...

Working Percentage means the percentage of full-time employment equal to–

Examples of Working Percentage in a sentence

• For each Calendar Year, up to and including the Calendar Year prior to the Calendar Year in which the first Launch of the Territory Combination Product in the Territory occurs, the Actual Percentage of Gilead shall equal the Working Percentage of Gilead for such Calendar Year and the Actual Percentage of Tibotec shall equal the Working Percentage of Tibotec for such Calendar Year and for such period each Regional Actual Percentage of each Party shall equal the Actual Percentage of such Party.

• The Company shall provide and pay all costs (multiplied by the Working Percentage) of an office with all necessary equipment and services for the Chairman and Consultant to carry out their duties, and provide for the employment of a suitable Personal Assistant (PA) at the Point of Origin.

• For each Calendar Year up to and including the Calendar Year in which the first Launch of the Combination Product in the Territory occurs, the Working Percentage of Gilead shall equal [*].

• For each Calendar Year after the Calendar Year in which the first Launch of the Combination Product in the Territory occurs (commencing as of February 15 of such post-Launch Calendar Year, and the prior Calendar Year’s Working Percentages shall remain in effect until such date): The Working Percentage of Tibotec shall equal the Actual Percentage of Tibotec for the prior Calendar Year.

• The Working Percentage of Gilead shall equal Actual Percentage of Gilead for the prior Calendar Year.

• For each Calendar Year, up to and including the Calendar Year prior to the Calendar Year in which the first Launch of the Territory Combination Product in the Territory occurs, the Actual Percentage of Gilead shall equal the Working Percentage of Gilead for such Calendar Year and the Actual Percentage of ▇▇▇▇▇▇▇ shall equal the Working Percentage of ▇▇▇▇▇▇▇ for such Calendar Year and for such period each Regional Actual Percentage of each Party shall equal the Actual Percentage of such Party.

• Gilead Sub shall submit an invoice to BMS, no later than ten (10) Business Days after the end of each calendar month, for an amount equal to the Working Percentage for the BMS Territory-Wide Percentage multiplied by the total amount of Authorized Supply Expenses incurred by Gilead Sub during such month.

More Definitions of Working Percentage

Working Percentage shall have the meaning set forth on Annex H.