definiens: will mean the quarterly gross sales of the Product less the following, as accrued and adjusted : ( i ) cash discounts ( and only to the exten t that such amounts are included in invoices and th en only to the extent that such amounts are customary and reasonab le ) ; ( ii ) returns ( including recalls ) ; price protec tion and shelf stock adjustments ; reprocurement charges by its cus tomers and other similar charges ; chargebacks, allo wances, discounts, inventory management fees, and rebates ; ( iii ) other payments required by law or agreed to b e made under Medicaid, Medicare or other government specia l medical assistance programs ( including, but not l imited to, payments made under the new and the ) ; and, ( iv ) sales, excise or other similar taxes ( e xcluding income taxes ) . Net Sales shall be determined in acc ordance with International Financial Reporting Stan dards ( IFRS ), consistent with [COMPANY] ’s books and records applicable in the Territory