The incentive applicable for a selected applicant will be computed as follows:
Net Incremental Sales of Eligible Product(s) x Rate of Incentive
Where:
Eligible Product(s) means the products stated in the approval letter.
Incremental Sales shall be Net Sales Turnover of Eligible Product(s) for the period of which claim for disbursement of incentive pertains minus the Net Sales Turnover of said Eligible Product(s) for the base year.
In case of return of Sales of Eligible Product(s), the Gross Sales Turnover shall be reduced by the amount corresponding to such return of sales. If the corresponding sales have been considered for claim processing for the earlier period, the sales return shall be adjusted with Gross Sales Turnover for the period in which the actual sales return takes place.
Rate of incentive: 5%