definiens: shall mean all revenues, receipts, monies, milestone payments and research and development fees ( in respect of research and development fees, only to the extent that same are in excess of reimbursement for -6- the direct costs and Indirect Costs of research and development or pursuit of Regulatory Approval undertaken by Poniard or its Afﬁliates pursuant to a written research or deve10pment plan ), payments ( including amounts received from the sale of shares in the capital stock of Poniard in excess of the Current Market Price for such shares ), license fees and the fair market value of all other consideration, collected or received by Poniard or its Afﬁliates whether by way of cash, equity, credit or any barter, bene ﬁt, advantage, or concession, that are contingent upon the achievement of an event or objective pursuant to a written research or development plan, and not merely the passage of time, and shall exclude amounts collected or received by Poniard or its Afﬁliates on account of Net Sales of Licensed Products ; ( ii ) shall mean costs incurred for the beneﬁt of the Development Program or the commercialization of a Licensed Product, excluding directly identi ﬁed costs ( direct costs ), and including facility rental costs ; utilities costs ; laboratory and manufacturing equipment depreciation ; and salaries, vacation pay, sick leave pay, health insurance premiums, FICA taxes ( or their equivalent ) and pension costs for employees, but only to the extent that such employees ’ work bene ﬁts the Development Program or the commercialization of a Licensed Product ; and ( iii ) shall mean all revenues, receipts, monies and research and development fees ( in respect of research and development fees, only to the extent that same are in excess of reimbursement for the direct costs and Indirect Costs of research and development or pursuit of Regulatory Approval undertaken by Poniard or its Afﬁliates pursuant to a written research or development plan ), payments ( including amounts received from the sale of shares in the capital stock of Poniard in excess of the Current Market Price for such shares ), license fees and the fair market value of all other consideration, collected or received by Poniard or its Afﬁliates whether by way of cash, equity, credit or any barter, beneﬁt, advantage, or concession, and shall exclude Development Milestone Payments and amounts collected or received by Poniard or its Afﬁliates on account of Net Sales of Licensed Products