Example ContractsClausesDefinition of Profit and Loss
Definition of Profit and Loss
Definition of Profit and Loss contract clause examples
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The Parties shall share Profit (Loss) as follows: # Gilead shall bear (and be entitled to) ​ percent (​) of Profit (Loss); and # [[Agenus:Organization]] shall bear (and be entitled to) ​ percent (​) of Profit (Loss); and

Transfer Profit. Tenant shall pay to Landlord, as Additional Rent, an amount (the “Transfer Profit”) equal to 50% of any rent and other economic consideration received by Tenant as a result of any assignment of this Lease or sublet of the Premises (other than a Permitted Transfer) that exceeds, in the aggregate: # the total of the remaining Fixed Rent and Additional Rent that Tenant is obligated to pay Landlord under this Lease (prorated to reflect obligations allocable to any portion of the Premises subleased) plus # any reasonable third party out-of-pocket expenses actually incurred by Tenant in connection with the assignment and subletting in question for brokerage commissions, advertising expenses, attorney’s fees, moving or relocation costs paid to the transferee, any work allowance and any tenant work performed by Tenant in connection with such Transfer, amortized on a straight-line basis over the term of the applicable transfer (specifically excluding free rent). Tenant shall pay such Transfer Profit to Landlord on a monthly basis within ten (10) business days after receipt thereof, without affecting or reducing any other obligations of Tenant hereunder. Each such payment shall be sent with a statement detailing its calculation. Landlord shall have the right, upon thirty (30) days prior notice given within two (2) years following the end of the calendar year in which such statement is delivered, to audit Tenant’s books and records related to the applicable transfer to verify the accuracy of the detailed statement.

The Board shall decide any matters relating to profit distribution from the Company and any Subsidiary of the Company, including for purposes of [Section 16.4(g)]. The Company shall distribute dividends to the Parties in proportion to their respective ownership percentage in the registered capital of the Company.

Profit Sharing. Following reimbursement of each Party’s costs under Sections 5.3 and 5.4 above, the Net Profit shall be distributed in a profit split with ​ percent (​) to Eversana and ​ percent (​) to Evoke (“Profit Split”).

Transfer Profit. Except in connection with Permitted Transfers, Tenant shall pay Landlord fifty percent (50%) of the amount by which all Rent and other consideration which Tenant receives as a result of a Transfer exceeds the sum of: # of the Rent payable to Landlord for the portion of the Premises and Term covered by the Transfer, plus # Transaction Costs, as hereinafter defined, plus # any portion of the Rent or other consideration received by Tenant and attributable solely to the transferee or assignee’s use of Tenant’s equipment, furnishings, or fixtures installed at Tenant’s expense. Tenant shall pay Landlord for Landlord’s share of the excess within 30 days after Tenant’s receipt of the excess. “Transaction Costs” shall be defined as the costs for brokerage, tenant improvements and allowances, legal, and design costs actually incurred by Tenant in good faith in connection with such Transfer (which Tenant shall have the right to recover before any payment is due to Landlord pursuant to this Section 14.4). If there is an Event of Default, Landlord may require that all sublease payments be made directly to Landlord, in which case Tenant shall receive a credit against Rent in the amount of Tenant’s share of payments received by Landlord.

Pension and Profit Sharing. During the Term, or if Executive’s employment is terminated sooner pursuant to Section 4, until such termination, Executive will continue to accrue additional benefits under the Company’s qualified and non-qualified pension and profit-sharing plans. Payments under the Company’s non-qualified pension and profit-sharing plans will be made in accordance with the terms of the relevant plan upon separation from service with the Company.

Pension and Profit Sharing. During the Term, or if Executive’s employment is terminated sooner pursuant to Section 4, until such termination, Executive will continue to accrue additional benefits under the Company’s qualified and non-qualified pension and profit-sharing plans. Payments under the Company’s non-qualified pension and profit-sharing plans will be made in accordance with the terms of the relevant plan upon separation from service with the Company.

Cost and Profit Sharing. Subject to the exercise by FATE of the CDCC Option for ​ and each Party ​. In connection with the preparation of the Joint Development Plan, the Parties shall establish a mechanism for reconciliation and reimbursement of development and manufacturing costs, and related definitions. In connection with the preparation of the Commercialization Plan, the Parties shall establish detailed procedures for sharing such costs and profits, including procedures for cost and revenue reporting, reconciliation and payments, efforts in sales promotion to be used by each Party, and definitions of the costs to be shared and included in the profit calculation. Each Party shall comply with all procedures and payment obligations established by the Parties. ​. For the purpose of this [Section 2.4.4(c)], subject to [Section 7.10.1] (Existing Agreements), profits and losses means ​. Notwithstanding anything to the contrary in this [Section 2.4.4(c)], the Parties shall discuss in good faith and reach an agreement on the further details of the method of profit and loss sharing between FATE and ONO as set forth in [Section 2.4.4(b)] (CDCC Option) above.

Profit & Loss Share for Licensed Product for U.S. Administration. 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 Corp:Organization]] will bear (and be entitled to) fifty percent (50%) (the “Profit & Loss Share”). Procedures for calendar quarterly reporting of actual results and review and discussion of potential discrepancies, quarterly reconciliation, reasonable forecasting, and other finance and accounting matters, are set forth in Appendix F, and to the extent not set forth in Appendix F, will be established by the JGC, subject to [Section 11.5(e)]. Notwithstanding the foregoing, to the extent the Initial Phase 1 Study for the Elected Candidate and Licensed Product is ongoing as of the CCPS Agreement Effective Date, Bluebird shall remain responsible for the Development costs of such Initial Phase 1 Study ​, and the cost of any activities conducted by Bluebird or [[Celgene Corp:Organization]] ​ in relation to such Initial Phase 1 Study for the Elected Candidate and Licensed Product shall be included in the Profit & Loss Share; ​.

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