Product Expenses definition

Product Expenses means all costs and expenses incurred by and payments made by the Company or its Affiliates in connection with generating revenue from the Product, including all costs and expenses incurred (including allocation of Company overhead based on the proportionate time, expenses and resources devoted by the Company to activities related to the Product as determined by the Company in good faith) for (a) the research, development and commercialization of the Product and (b) for any transaction, directly or indirectly, related to the Product.
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Product Expenses means: (a) all out-of-pocket costs and expenses incurred (i.e., paid to third parties or accrued therefor) by Pfizer or WL (other than costs and expenses incurred for the services of a contract sales force) in connection with: (i) marketing, advertising, sampling and promoting of Products (including, without limitation, educational expenses, speakers' programs and symposia and promotional materials), (ii) training and communications materials approved by the GCMT, (iii) Product studies and any fees paid to clinical research organizations in connection with any Product studies, and (iv) submissions to regulatory authorities, including, without limitation, consultant fees relating to such submissions, (b) all costs and direct expenses (as defined in the Combination Agreement) of Pfizer and WL relating to the supply of finished Product and samples and to the distribution of finished Product and samples, and (c) all internal expenses of Pfizer and WL for Product studies determined pursuant to an agreed upon methodology. Product Expense budgets will be allocated and disbursed as per Global Marketing Plans and Country Marketing Plan approved by the GCMT and accounted for as provided in the Agreement and managed by Pfizer. Both parties will agree to mandate both expenditure levels and categories of expenditures for their sales/marketing operations consistent with the relevant Country Marketing Plan. Net Sales: "Net Sales" means: the aggregate sales of Pfizer and its Affiliates of Product to unaffiliated third parties in the co-promotion territory (but not including sales between Pfizer and its Affiliates) less: (i) bad debts related to the Products and (ii) sales returns and allowances, including, without limitation, trade, quantity and cash discounts and any other adjustments, including, but not limited to, those granted on account of price adjustments, billing errors, rejected goods, damaged goods, recalls, returns, rebates, chargeback rebates, fees, reimbursements or similar payments granted or given to wholesalers or other distributors, buying groups, health care insurance carriers or other institutions, freight and insurance charges billed to the customers, customs or excise duties, sales tax and other taxes (except income taxes) or duties related to sales, and any payment in respect of sales to any governmental or regulatory authority in respect of any Federal or state Medicaid, Medicare or similar program, all as determined in accordance with generally acc...
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Product Expenses means Promotion Expenses and any other expenses specifically designated in this Agreement to be Product Expenses.
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Examples of Product Expenses in a sentence

  • While the definition of R&D Expense includes “government-funded trial expenses of $10.2 million,” Paragraph 2(d)(3)(a) states explicitly that Total Product Expenses shall not include as a cost “any item paid for, funded or reimbursed, whether directly or indirectly, 9 The following issues were raised for the first time in PharmAthene‟s letter to the Court dated January 26, 2012.

  • The Judgment provides for the treatment of (1) Patent Preparation Fees as a deduction from Total Product Expenses and (2) “all amounts recovered as a result of Product-related patent or trademark infringement suits, claims or actions or settlements thereof” as a component of Net Profits.

  • Further information, including how to submit a request to SECU can be found here.

  • Accordingly, Paragraph 2(d)(3)(b) of the Judgment preserves the exclusion of noncash compensation from the calculation of Total Product Expenses.

  • All other costs associated with such trademarks shall be deemed Allowable Product Expenses.

  • In addition, Procter & Gamble shall pay all other Allowable Product Expenses for AXOKINE until Regeneron's receipt of all funding described in Section 3.9. All other Allowable Product Expenses for AXOKINE shall be shared equally.

  • In the event of a Divestiture, Miles shall receive 1.25% of the net proceeds of such sale, pro rata, and in the form of such net proceeds, after the deduction of Product Expenses not previously deducted.

  • No credit will be given if the student fails to make up the work within the same length of time as the suspension.5. Whenever possible, students on in-school suspension shall be required to take assessments at the same time as their class.

  • The Parties agree to keep full and accurate books and records setting forth in reasonable detail the payments payable to the other Party hereunder, or Glass Product Expenses to be recorded hereunder, and the calculation thereof.

  • The Product Plan shall include general goals of the Parties relating to the development and marketing of each Development Compound and the timing, nature, and priority of resources to be applied and will detail tasks and goals, personnel allocation, outside services and costs, Success Criteria, Allowable Product Expenses, budgets, and such other matters deemed necessary to implement the Product Plan.


More Definitions of Product Expenses

Product Expenses has the meaning given in Section 1.3.
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Product Expenses is amended to include the following: "Product Expenses shall further include certain additional expenses relating to certain Product Lifecycle Plan Studies identified by the Operating Committee. With respect to each such agreed-upon Product Lifecycle Plan Study, the amount to be included as Product Expenses and thus shared by PFIZER and XXXXXX-XXXXXXX in accordance with the terms of the Collaboration Agreement shall be the total of (i) all direct Grant Costs (as hereinafter defined) for such Product Lifecycle Plan Study, plus (ii) seventy-five percent (75%) of such Grant Costs ("Overhead Costs"). Inclusion of Overhead Costs as Product Expenses is intended to reimburse the party conducting such Product Lifecycle Plan Study (the "Conducting Party") for its overhead and internal resources employed in connection therewith. Notwithstanding the foregoing, Overhead Costs shall not be included as Product Expenses for any Product Lifecycle Plan Study from the date that a Conducting Party initiates the use of a clinical research organization to perform substantially all clinical monitoring and data management activities on behalf of the Conducting Party in connection with such Product Lifecycle Plan Study. With respect to Product Lifecycle Plan Studies currently ongoing and identified below, Overhead Costs shall be applied retroactively from April 15, 1996 where applicable, subject to the $6,000,000 cap on total out-of-pocket expenses from April 15, 1996 through June 30, 1996, as set forth in the definition of Product Expenses. For purposes of this definition, "Grant Costs" means out-of-pocket costs related to investigators, investigator meetings and laboratory grants, but shall not include the costs of clinical monitoring, data management, programming, biostatistics or report writing. The initial Product Lifecycle Plan Studies that PFIZER and XXXXXX-XXXXXXX intend to be subject to this amendment are the following: Ongoing Studies Planned Trials --------------- -------------- 981-53 Usual Care 981-105 Unstable angina (MIRACLE) 981-68 AVERT 981-124 Cerebral Vascular Disease 981-71 NIDDM Intervention Trial 981-69 Pharmacoeconomic 981-70 Treat-to-Target Trials 981-72
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Product Expenses means [ * ].
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Product Expenses for each Country means all (a) out-of-pocket costs and expenses incurred (i.e. paid or accrued) to third parties (other than expenses incurred for the services of a contract sales force), whether incurred by XXXXXX-XXXXXXX or PFIZER, for each Country on or after April 15, 1996 in connection with (i) marketing, advertising, sampling and promoting (including, without limitation, educational expenses, speakers' programs and symposia) Atorvastatin and the Products, (ii) training and communications materials, (iii) clinical, preclinical, epidemiological modeling and pharmacoeconomic studies that are designed to support local marketing and commercialization of the Products consistent with the Clinical Plan, (iv) supplementary submissions to Governmental or Regulatory Authorities, including, without limitation, consultant fees and advisory committee meetings relating to such submissions and (v) prosecution of patent infringement pursuant to Section 12.02; provided, however, such out- of-pocket expenses from April 15, 1996 through June 30, 1996 for the Co- Promotion Territory shall not be in excess of $5 million, (b) all costs and direct expenses of PFIZER and XXXXXX-XXXXXXX relating to the supply of Samples (as determined in accordance with Section 5.02(b)) and the distribution of Samples and (c) all costs and expenses incurred centrally by XXXXXX-XXXXXXX or PFIZER implementing Global Marketing programs agreed by the Global Business Subcommittee and relating to or benefiting the activities of the parties pursuant to this Agreement in such Country.
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Product Expenses means (a) all out-of-pocket costs and expenses incurred (i.e. paid to third parties or accrued therefor) by XXXXXX-XXXXXXX or PFIZER (other than costs and expenses incurred for the services of a contract sales force) on or after April 15, 1996 in connection with (i) marketing, advertising, sampling and promoting (including, without limitation, educational expenses, speakers' programs and symposia) Atorvastatin and the Products, (ii) training and communications materials, (iii) Product Lifecycle Plan Studies, including, without limitation, those Product Lifecycle Plan Studies commencing prior to April 15, 1996 (but only with respect to expenses incurred for such studies after April 15, 1996) and any fees paid to clinical research organizations in connection with any Product Lifecycle Plan Study, and (iv) supplementary submissions to Governmental or Regulatory Authorities, including, without limitation, consultant fees and advisory committee meetings relating to such submissions, except as otherwise provided in Section 14.03(e); provided, however, such out-of-pocket costs and expenses from April 15, 1996 through June 30, 1996 shall not be in excess of $6,000,000, and (b) all costs and direct expenses of XXXXXX-XXXXXXX and PFIZER relating to the supply of Samples (as determined in accordance with Section 5.02(b)) and the distribution of Samples.
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Related to Product Expenses

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • Development Expenses means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.), usual and customary operating and financial costs, such as the compliance monitoring fee, the financial monitoring fee, replacement reserves, the servicing fee and the debt service reserves. As it relates to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a MMRB Loan (as defined in rule Chapter 67-21, F.A.C.) and to the application of Development Cash Flow described in subsections 67-48.010(5) and (6), F.A.C., as it relates to SAIL Developments or in paragraph 67-48.020(3)(b), F.A.C., as it relates to HOME Developments, the term includes only those expenses disclosed in the operating pro forma on an annual basis included in the final credit underwriting report, as approved by the Board, and maximum of 20 percent Developer Fee per year.

  • Patent Expenses means all reasonable costs (including attorneys’ and application fees) incurred by University in accordance with this Agreement to apply for, prosecute and maintain Licensed Patents, including but not limited to the costs of interferences, oppositions, inter partes review and re-examinations. Patent Expenses include reimbursement for in-house costs provided they are for activities that would otherwise have been performed by outside counsel at an equal or greater expense.

  • Direct Expenses means “Operating Expenses” and “Tax Expenses.”

  • Manufacturing Costs means the costs of Processing that generate Manufacturing Proceeds received by Grantor.

  • Current Expenses means operating costs other than personal services and shall not

  • Marketing Expenses mean the sum of Marketing Management Expenses, Advertising and Market Research Expenses and Medical Education Expenses.

  • Program Expenses means all UHC’s expenses of administering the Program under the Indenture and the Act and shall include without limiting the generality of the foregoing; salaries, supplies, utilities, labor, materials, office rent, maintenance, furnishings, equipment, machinery and apparatus, including information processing equipment; software, insurance premiums, credit enhancement fees, legal, accounting, management, consulting and banking services and expenses; Fiduciary Expenses; remarketing fees; Costs of Issuance not paid from proceeds of Bonds; and payments to pension, retirement, health and hospitalization funds; and any other expenses required or permitted to be paid by UHC.

  • Marketing Costs which means such reasonable charge for marketing of ores and concentrates sold or of concentrates tolled as is consistent with generally accepted industry marketing practices;

  • O&M Expenses means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Operating Expenses is defined to include all expenses necessary or appropriate for the operation of the Fund (or Class, as applicable), including the Advisor’s investment advisory or management fee detailed in the Investment Advisory Agreement and any Rule 12b-1 fees and other expenses described in the Investment Advisory Agreement, but does not include taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, or extraordinary expenses such as litigation expenses.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Manufacturing Cost means [***].

  • Routine Patient Costs means all health care services that are otherwise covered under the Group Contract for the treatment of cancer or other Life-threatening Condition that is typically covered for a patient who is not enrolled in an Approved Clinical Trial.

  • Gross Operating Expenses shall include (i) all costs and expenses of operating the Hotel included within the meaning of the term “Total Costs and Expenses” contained in the Uniform System and, (ii) without duplication, the following: all salaries and employee expense and payroll taxes (including salaries, wages, bonuses and other compensation of all employees of the Hotel, and benefits including life, medical and disability insurance and retirement benefits), expenditures described in Section 9.1, operational supplies, utilities, insurance to be provided by Lessee under the terms of this Lease, governmental fees and assessments, common area maintenance costs and other common area fees and assessments, food, beverages, laundry service expense, the cost of Inventories, license fees, advertising, marketing, reservation systems and any and all other operating expenses as are reasonably necessary for the proper and efficient operation of the Hotel and the Leased Property incurred by Lessee in accordance with the provisions hereof (excluding, however, (i) federal, state and municipal excise, sales and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes paid over to federal, state or municipal governments, (ii) the cost of insurance to be provided under Article 13, (iii) expenditures by Lessor pursuant to Article 13 and (iv) payments on any Mortgage or other mortgage or security instrument on the Hotel); all determined in accordance with generally accepted accounting principles. No part of Lessee’s central office overhead or general or administrative expense (as opposed to that of the Hotel), and no operating expenses paid or payable by tenants under Space Leases, shall be deemed to be a part of Gross Operating Expenses, as herein provided. Reasonable out-of-pocket expenses of Lessee incurred for the account of or in connection with the Hotel operations, including but not limited to postage, telephone charges and reasonable travel expenses of employees, officers and other representatives and consultants of Lessee and its Affiliates, shall be deemed to be a part of Gross Operating Expenses and such Persons shall be afforded reasonable accommodations, food, beverages, laundry, valet and other such services by and at the Hotel without charge to such Persons or Lessee.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.

  • Controllable Expenses means all expenses, other than Uncontrollable Expenses, incurred by the Company or any Subsidiary of the Company with respect to the Property.

  • Parent Expenses means (i) costs (including all professional fees and expenses) incurred by any Parent in connection with its reporting obligations under, or in connection with compliance with, applicable laws or applicable rules of any governmental, regulatory or self-regulatory body or stock exchange, this Indenture or any other agreement or instrument relating to Indebtedness of the Company or any Restricted Subsidiary, including in respect of any reports filed with respect to the Securities Act, Exchange Act or the respective rules and regulations promulgated thereunder, (ii) corporate overhead expenses Incurred in the ordinary course of business, and to pay salaries or other compensation of employees who perform services for any Parent or for both such Parent and the Company, (iii) expenses incurred by any Parent in connection with the acquisition, development, maintenance, ownership, prosecution, protection and defense of its intellectual property and associated rights (including but not limited to trademarks, service marks, trade names, trade dress, patents, copyrights and similar rights, including registrations and registration or renewal applications in respect thereof; inventions, processes, designs, formulae, trade secrets, know-how, confidential information, computer software, data and documentation, and any other intellectual property rights; and licenses of any of the foregoing) to the extent such intellectual property and associated rights relate to the business or businesses of the Company or any Subsidiary thereof, (iv) indemnification obligations of any Parent owing to directors, officers, employees or other Persons under its charter or by-laws or pursuant to written agreements with any such Person, (v) other operational and tax expenses of any Parent incurred on behalf of the Company in the ordinary course of business, including obligations in respect of director and officer insurance (including premiums therefor); it being understood for purposes of this definition, that all operational and tax expenses of any Parent are deemed to be incurred on behalf of the Company if the Company’s activities represent substantially all of the operating activities of any Parent and all of its Subsidiaries, and (vi) fees and expenses incurred by any Parent in connection with any offering of Capital Stock or Indebtedness, (x) where the net proceeds of such offering are intended to be received by or contributed or loaned to the Company or a Restricted Subsidiary, or (y) in a prorated amount of such expenses in proportion to the amount of such net proceeds intended to be so received, contributed or loaned, or (z) otherwise on an interim basis prior to completion of such offering so long as any Parent shall cause the amount of such expenses to be repaid to the Company or the relevant Restricted Subsidiary out of the proceeds of such offering promptly if completed.

  • Commercialization Costs means the sum of the following costs and expenses incurred by the Parties or their respective Affiliates, in Commercializing the Shared Products (and related Manufacturing activities) in the Territory, in each case, to the extent incurred in accordance with the Commercialization Plan and Commercialization Budget:

  • O&M Costs as defined in the Depositary Agreement.

  • Sales Costs means all costs, direct and indirect, associated with a foreclosure sale by the City, including but not limited to: county recording fees, title reports or other means of identifying persons with interest in the property, title insurance, service and notification, publication and advertising, posting, sale, and staff salaries, including benefits and overhead.

  • Fully Burdened Manufacturing Cost means, with respect to any Licensed Product supplied by or on behalf of NVCR to Zai hereunder if such Licensed Product (or any precursor or intermediate thereof) is manufactured by a Third Party manufacturer [***].

  • Management Expenses means the Management Expenses more particularly described in Clause 10.1;

  • Excess Costs means the additional costs, if any, which shall be