definiens: is defined as gross revenues resulting from any given intellectua l property, less a university administrative fee of not to exceed 15 %, then less all unreimbursed costs inc urred by the university or its nominee in protectin g, licensing, and maintaining the intellectual propert y. The IP Official will determine the percentage to be paid to the creator, ensuring that it is in accorda nce with the university ’s revenue sharing policy, subject, however, to the following minimum : The employee who creates intellectual property as t he result of work for which he / she is paid by the university and where he / she uses university facilit ies and resources will receive a minimum of 50 % of the first net $ 10,000 received by the university an d a minimum of 25 % of the net amount received by the university in excess of the first net $ 10,000 . This royalty revenue sharing is not to be construed as wages or salary compensation to the employee from t he university, but rather as separate income derived from commercialization of intellectual prop erty . In addition, an employee ’s rights which have accrued to this royalty revenue sharing shall continue beyond such employee ’s employment with the university