definiens: shall mean the total annual gross receipts for sales of PRODUCTS by or on behalf of MICROMET and its permitted sublicensees or from leasing, renting or otherwise making PRODUCTS available to third parties on a payment basis, whether invoiced or not, less ( i ) quantity and/or cash discounts, allowances, rebates, customer merchandising and pricing funds ( including price declines and managed care discounts ), wholesaler discounts and charge backs allowed or given from the billed amount, ( ii ) freight, postage, shipping, packing and insurance expenses ( if separately identified in the invoice ), ( iii ) credits or refunds allowed for rejected, outdated or returned product and ( iv ) sales and other taxes and duties directly related to the sale ( not including income tax ) as detailed in the respective invoice . No deductions shall be made for commissions paid to individuals, whether they be with independent sales agencies or regularly employed by MICRO MET and on its payroll, or for the cost of collections