Common use of Development Milestone Payments for Product Clause in Contracts

Development Milestone Payments for Product. (a) BMS shall pay to Ambrx the milestone payments set forth in Table 1 for each Collaboration Target within forty five (45) days after the first achievement of the specified milestone event by BMS, its Sublicensees or their Affiliates for the first Product for a given Collaboration Target in the Field. Thus, the milestone payments set forth in Table 1 only apply to the first Product for a given Collaboration Target to first reach the milestone event, and no milestone payments under this Section 8.2(a) will be payable for any subsequent achievement of any milestone event by any Product for such Collaboration Target (and accordingly the set of milestone payments in Table 1 shall be payable one-time only for a particular Collaboration Target). BMS shall provide written notice to Ambrx within ten (10) Business Days after the first achievement of the specified milestone event by BMS or its Affiliates and within twenty (20) days after the first achievement of the specified milestone event by its Sublicensees or their Affiliates. Table 1 Milestone Event for Product Milestone Payment [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] ***Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. [***] [***]

Development Milestone Payments for Product. (a) BMS shall pay to Ambrx the milestone payments set forth in Table 1 for each Collaboration Target within forty forty-five (45) days after the first achievement of the specified milestone event by BMS, its Sublicensees or their Affiliates for the first each Product for a given Collaboration Target in the Field. Thus, provided that (i) the milestone payments payment amounts set forth in Table 1 shall only apply to the first Product for a given Collaboration Target to first reach the milestone event, and no milestone payments under this Section 8.2(a(ii) will be payable for any subsequent achievement Compound, the milestone amount payable shall be [***] of any the amount set forth in Table 1 (provided that the full milestone payment amount for such milestone event by any had been previously paid for the first Product for such Collaboration Target to achieve the milestone event) and (and accordingly iii) the payment amounts set of milestone payments forth in Table 1 shall be payable one-time only for a particular Collaboration Targetsubject to Section 8.2(b). Such payments shall be noncreditable (except as set forth in Section 8.2(b) below) and nonrefundable. BMS shall provide written notice to Ambrx within ten (10) Business Days after the first achievement of the specified milestone event by BMS or its Affiliates and within twenty (20) days after the first achievement of the specified milestone event by its Sublicensees or their Affiliates. Table 1 Milestone Event for Product Milestone Payment [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] ***Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. Milestone Event for Product Milestone Payment [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] [***]

Development Milestone Payments for Product. (a) BMS shall pay to Ambrx the milestone payments set forth in Table 1 for each Collaboration Target within forty forty-five (45) days after the first achievement of the specified milestone event by BMS, its Sublicensees or their Affiliates for the first each Product for a given Collaboration Target in the Field. Thus, provided that (i) the milestone payments payment amounts set forth in Table 1 shall only apply to the first Product for a given Collaboration Target to first reach the milestone eventARX618, and no milestone payments under this Section 8.2(a(ii) will be payable for any subsequent achievement Compound, the milestone amount payable shall be [***] of any milestone event by any Product for such Collaboration Target the amount set forth in Table 1 and (and accordingly iii) the payment amounts set of milestone payments forth in Table 1 shall be payable one-time only for a particular Collaboration Targetsubject to Section 8.2(b). Such payments shall be noncreditable (except as set forth in Section 8.2(b) below) and nonrefundable. BMS shall provide written notice to Ambrx within ten (10) Business Days after the first achievement of the specified milestone event by BMS or its Affiliates and within twenty (20) days after the first achievement of the specified milestone event by its Sublicensees or their Affiliates. Table 1 Milestone Event for Product Milestone Payment [***] [*** *] [***] [*** *] [***] [*** *] [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] ***Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. [***] [***] [***] [***] [***] [***] [***] [***] [***] [***]

Development Milestone Payments for Product. (a) BMS shall pay to Ambrx the milestone payments set forth in Table 1 for each Collaboration Target within forty forty-five (45) days after the first achievement of the specified milestone event by BMS, its Sublicensees or their Affiliates for the first each Product for a given Collaboration Target in the Field. Thus, provided that (i) the milestone payments payment amounts set forth in Table 1 shall only apply to the first Product for a given Collaboration Target to first reach the milestone eventARX618, and no milestone payments under this Section 8.2(a(ii) will be payable for any subsequent achievement Compound, the milestone amount payable shall be [***] of any milestone event by any Product for such Collaboration Target the amount set forth in Table 1 and (and accordingly iii) the payment amounts set of milestone payments forth in Table 1 shall be payable one-time only for a particular Collaboration Targetsubject to Section 8.2(b). Such payments shall be noncreditable (except as set forth in Section 8.2(b) below) and nonrefundable. BMS shall provide written notice to Ambrx within ten (10) Business Days after the first achievement of the specified milestone event by BMS or its Affiliates and within twenty (20) days after the first achievement of the specified milestone event by its Sublicensees or their Affiliates. Table 1 Milestone Event for Product Milestone Payment [***] [*** *] [***] [*** *] [***] [*** *] [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] ***Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. [***] [***] [***] [***] [***] [***] [***] [***] [***] [***]

Development Milestone Payments for Product. (a) BMS shall pay to Ambrx the milestone payments set forth in Table 1 for each Collaboration Target within forty forty-five (45) days after the first achievement of the specified milestone event by BMS, its Sublicensees or their Affiliates for the first each Product for a given Collaboration Target in the Field. Thus, provided that (i) the milestone payments payment amounts set forth in Table 1 shall only apply to the first Product for a given Collaboration Target to first reach the milestone event, and no milestone payments under this Section 8.2(a(ii) will be payable for any subsequent achievement Compound, the milestone amount payable shall be [***] of any the amount set forth in Table 1 (provided that the full milestone payment amount for such milestone event by any had been previously paid for the first Product for such Collaboration Target to achieve the milestone event) and (and accordingly iii) the payment amounts set of milestone payments forth in Table 1 shall be payable one-time only for a particular Collaboration Targetsubject to Section 8.2(b). Such payments shall be noncreditable (except as set forth in Section 8.2(b) below) and nonrefundable. BMS shall provide written notice to Ambrx within ten (10) Business Days after the first achievement of the specified milestone event by BMS or its Affiliates and within twenty (20) days after the first achievement of the specified milestone event by its Sublicensees or their Affiliates. Table 1 ***Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. Milestone Event for Product Milestone Payment [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] [***] [*** ] ***Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. [***] [***]