definiens: shall mean, with respect to a Product sold, the invoiced sales price of such Product billed to third party purchasers who are not Affiliates or sublicensees of [COMPANY], less actual amounts for ( a ) credits, allowances, discounts and rebates to, and charge backs from the account of, such independe nt customers for damages or rejected Product or out of date Product returned in accordance with [COMPANY] policies ; ( b ) freight and insurance costs as set forth on the invoice for transporting such Products to such customers ; ( c ) quantity and trade discounts a nd other price reductions and commissions paid to third parties with respect to the sale of Products ; ( d ) sales, use, value -added and other direct taxes incurred ; and ( e ) customs, duties, surcharges and other governmental charges incurred in connection wit h the exportation or importation of the Products . Sales between or among [COMPANY] and its Affiliates or permitted sublicensees shall be excluded from the computation of Net Sales