CONVERSION ROYALTY TABLE Sample Clauses

CONVERSION ROYALTY TABLE. Gross Sales But Not Royalty $ 0.00 $ 5,000.00 1.00% $ 5,000.00 $10,000.00 2.00% $10,000.00 $15,000.00 3.00% $15,000.00 $30,000.00 4.00% $30,000.00 $40,000.00 4.25% $40,000.00 $50,000.00 4.50% $50,000.00 $60,000.00 4.75% $60,000.00 N/A 5.00% The calculation of Gross Sales and the corresponding royalty fees shall take place on a cumulative basis. For example, the following formula results in the calculation of the royalty fee on $50,000 of gross sales: Royalty Fee = ($5,000 x .01) + ($5,000 x .02) + ($5,000 x .03) + ($15,000 x .04) + ($10,000 x .0425) + ($10,000 x .0450).