Common use of Category C Clause in Contracts

Category C. Project SOWs for Category C may include a [***]Fee of [***] dollars [***] per year, with a default payment period of [***] years. In the event an applicable [***] Threshold related to one or more Triggers is satisfied more than [***] [***] prior to the related deadline set forth in an applicable Project SOW, the default payment period related to such Triggers(s) that have been satisfied early shall be increased by [***] [***], such that the related [***]Fee or corresponding portion thereof (in the case of multiple Triggers where fewer than all have been satisfied) shall be payable for [***] years. In the event an applicable [***] Threshold related to one or more Triggers is satisfied more than [***] [***] after the related deadline set forth in an applicable Project SOW, the default payment period related to such Trigger(s) that have been satisfied late shall be decreased by [***] [***], such that the related [***]Fee or corresponding portion thereof shall be payable for only [***] years.

Appears in 2 contracts

Samples: Collaborative Development Agreement, Collaborative Development Agreement (Intermolecular Inc)

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Category C. Project SOWs for Category C may include a [***]Fee ] of [***] dollars [***] per year, with a default payment period of [***] period of five (5) years. In the event an applicable [***] ]Threshold related to one or more Triggers is satisfied more than [***] [***] prior to the related deadline set forth in an applicable Project SOW, the default payment [***] period related to such Triggers(s) that have been satisfied early shall be increased by [***] [***], such that the related [***]Fee or corresponding portion thereof (in the case of multiple Triggers where fewer than all have been satisfied) shall be payable for [***] years. In the event an applicable [***] ]Threshold related to one or more Triggers is satisfied more than [***] [***] after the related deadline set forth in an applicable Project SOW, the default payment period related to such Trigger(s) that have been satisfied late shall be decreased by [***] [***], such that the related [***]Fee or corresponding portion thereof shall be payable for only [***] years.

Appears in 2 contracts

Samples: Collaborative Development Agreement, Collaborative Development Agreement (Intermolecular Inc)

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