definiens: shall mean, with respect to a Product for any period, the gross amount billed or invoiced bySanofi or its Affiliates for the sale of a Product to Third Parties, less the following deductions from such grossamounts, solely to the extent allocable to such Product and actually incurred, allowed or accrued ( and not previouslydeducted in calculating the amount invoiced):(a ) normal and customary trade, quantity and prompt settlement discounts ( including chargebacks andallowances ) actually allowed;(b ) amounts repaid or credited by reason of rejection, return or recall of Product;(c ) rebates or bona fide retroactive price reductions;(d ) freight, postage, shipping and insurance expenses to the extent that such items are included in the grossamount invoiced;(e ) customs and excise duties and other taxes or duties related to the sales to the extent that such itemsare included in the gross amount invoiced;(f ) rebates and similar payments made with respect to sales paid for by any governmental or regulatoryauthority such as, by way of illustration, federal or state Medicaid, Medicare or similar state program or equivalentforeign governmental program;(g ) the portion of administrative fees paid during the relevant time period to group purchasing organizationsor pharmaceutical benefit managers relating to such product ; and(h ) bad debts and uncollectable invoiced amounts relating to sales of Product that are actually written off inaccordance with IFRS, consistently applied throughout [COMPANY] and its Affiliates, provided that any such amountssubsequently collected will be included in Net Sales