Common use of Earned Royalty Clause in Contracts

Earned Royalty. Eidos will pay Stanford earned royalties on Net Sales as follows: Annual Net Sales (Per calendar year) Royalty Rate Portion between $[*****] - $[*****] [*****]% Portion between $[*****] - $[*****] [*****]% Portion greater than $[*****] [*****]%