Allowable Costs

Allowable Costs. Shall mean, for the period in question and as determined in accordance with GAAP, the sum of (i) any royalties based on sales incurred by Serologicals, the Surviving Corporation or their Affiliates to any third party with respect to the Earnout Technologies during the relevant period (including without limitation, any royalties payable to Dan P. Hartmann, Ph.D., if any, (ii) the direct costs to market, sell and deliver the Earnout Technologies, including, without limitation, the compensation,... commissions and benefits of marketing personnel to the extent directly related to the Earnout Technologies incurred by Serologicals, the Surviving Corporation or their Affiliates during the relevant period; provided that, for purposes of calculating the Technology Earnout Payments under this Agreement, Allowable Costs of the type set forth in clause (ii) of this sentence shall not exceed $200,000 during any calendar year (pro rated for partial calendar years), (iii) cost of goods sold with respect to Technology Product Revenues, and (iv) license and similar fees to third parties, and expenses relating to the amortization of acquisition costs paid to third parties, in each case solely applicable to the Minor Modifications. View More