Common use of Earned Royalty Clause in Contracts

Earned Royalty. Beginning on the Effective Date and continuing for the life of this Agreement, Licensee shall pay University a running royalty on Net Sales of all Licensed Products in the amounts indicated below: (i) two percent (2%) on Net Sales of Clinically-Approved Products (ii) three percent (3%) on Net Sales of Other Products (iii) five percent (5%) on Net Sales of Licensed Services Said royalties on Licensed Products shall be paid to University concurrently with the submittal of Royalty Reports as provided in Section 4.2 below.

Earned Royalty. Beginning on the Effective Date and continuing for the life of this Agreement, Licensee shall pay University a running royalty on Net Sales of all Licensed Products in the amounts indicated below: (i) two one percent (21%) on Net Sales of Clinically-Approved Products (ii) three two percent (32%) on Net Sales of Other Products (iii) five percent (5%) on Net Sales of Licensed Services Said royalties on Licensed Products shall be paid to University concurrently with the submittal of Royalty Reports as provided in Section 4.2 below.

Earned Royalty. Beginning on the Effective Date and continuing for the life of this Agreement, Licensee shall pay University a running royalty on Net Sales of all Licensed Products in the amounts indicated below: (i) two percent (2%) on Net Sales of Clinically-Approved Products (ii) three percent (3%) on Net Sales of Other Products Products (iii) five percent (5%) on Net Sales of Licensed Services Service Products Said royalties on Licensed Products shall be paid to University concurrently with the submittal of Royalty Reports as provided in Section 4.2 below.