definiens: of Licensed Products shall mean the gross selling price paid by a purchaser of a LicensedProduct to COMPANY, an Affiliate or Sublicensee of COMPANY, or any other party authorized by COMPANY to sellLicensed Products less the following discounts : a)customary trade, quantity and cash discounts, service allowances ( including without limitationwholesalers ’ fees for services and stocking fees ) and retroactive price adjustments actually allowedand taken, including rebates granted to vendors, managed health care or governmental organizationsand independent brokers or agents ’ commissions, if any, as accrued and adjusted for actual amountstaken, allowed or paid ; b)credits actually given for rejected or returned Licensed Products ; c)freight, postage, shipping, transportation and insurance costs, third - party handling charges and othercosts directly related to bringing Licensed Product to the purchaser or end user, in each case inaccordance with industry norms ; and d)sales, excise taxes and customs duties included in the invoiced amount