Conditional Signing Bonus and Expedite Fee Sample Clauses

Conditional Signing Bonus and Expedite Fee. Licensee will pay to Licensor a one-time amount of Ten Thousand and No/100 Dollars ($10,000.00) for the full execution of this License (the “Conditional Signing Bonus”). Licensee will pay to Licensor the Conditional Signing Bonus within thirty (30) days of the Licensor’s execution of this License. Licensee will pay to Licensor a one-time amount of Two Thousand Five Hundred and No/100 Dollars ($2,500.00) for execution of this License, which amount shall be in addition to the Conditional Signing Bonus, provided that Licensor executes this License and delivers the executed original(s) to Licensee within thirty (30) days of Licensor’s receipt of the executable original(s) from Licensee (the “Expedite Fee”). Licensee will pay to Licensor the Expedite Fee within thirty (30) days of Licensor’s execution of this License. Licensor understands time is of the essence and in the event that this License (and any applicable memorandum) is not fully executed by both Licensor and Licensee for any reason, Licensee shall have no obligation to pay the Expedite Fee and Conditional Signing Bonus to Licensor. [Execution Page Follows]
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