definiens: means, with respect to a Product, net sales of [COMPANY] ( or its Affiliates or their respective licensees orsublicensees ) as audited and reported in Euros by [COMPANY] ( or its Affiliates or licensees ) in accordance with InternationalFinancial Reporting Standards ( ), as IFRS may be modified from time to time . For the avoidance of doubt : ( a ) IFRS NetSales shall not include samples, compassionate use of the Products and the like ; provided that revenue from Products sold tothird parties for clinical trial purposes shall be included in IFRS Net Sales ; and ( b ) any Damages paid by [COMPANY] pursuant toArticle IX of the Master Agreement shall not be treated as a deduction for purposes of calculating IFRS Net Sales . Incalculating IFRS Net Sales, the Parties shall disregard any related Know - How, Discovery or other royalties paid to [COMPANY] afterJanuary 1, 2013 on Clopidogrel Products or Irbesartan Products