Common use of First Product Milestones Clause in Contracts

First Product Milestones. With respect to each Target Program, Bayer shall pay Compugen the following milestone payments with respect to [***] Product [***] a Target Biologic from such Target Program (i.e. a CGEN-15001T Target Biologic in the case of the CGEN-15001T Target Program and a CGEN-15022 Target Biologic in the case of the XXXX-00000 Xxxxxx Program) to reach such milestone, regardless of whether such milestone is achieved by Bayer or another Related Party: 6.2.1.1 [***] US Dollars ($[***]) upon the achievement of [***]; 6.2.1.2 [***], US Dollars ($[***]) upon the [***] of [***] as a [***]); 6.2.1.3 [***] US Dollars ($[***]) upon [***] such a Product [***]; 6.2.1.4 [***] Thousand US Dollars ($[***]) upon the [***] with such a Product in a [***]; 6.2.1.5 [***] US Dollars ($[***]) upon the [***] with such a Product in a [***]; 6.2.1.6 [***] US Dollars ($[***]) upon the [***] with such a Product [***] for a [***] with such a Product; 6.2.1.7 [***] US Dollars ($[***]) upon the [***] with such a Product [***] with such a Product; 6.2.1.8 [***] US Dollars ($[***]) upon the [***] with respect to such a Product with a [***], [***] or [***]; for the avoidance of doubt, this milestone, [***]; 6.2.1.9 [***] US Dollars ($[***]) upon the [***] in the [***] with respect to the [***] for such a Product; 6.2.1.10 [***] US Dollars ($[***]) upon the [***] in the [***] with respect to the [***] for such a Product; 6.2.1.11 [***] US Dollars ($[***]) upon the [***] in [***] with respect to the [***] for such a Product; 6.2.1.12 [***] US Dollars ($[***]) upon [***] in the [***] with respect to the [***] for such a Product; 6.2.1.13 [***] US Dollars ($[***]) upon the [***] in the [***] with respect to the [***] for such a Product; 6.2.1.14 [***] US Dollars ($[***]) upon the [***] in [***] with respect to the [***] for such a Product; 6.2.1.15 [***] US Dollars ($[***]) upon the [***] in the [***] with respect to the [***] for such a Product; 6.2.1.16 [***] US Dollars ($[***]) upon the [***] in the [***] with respect to the [***] for such a Product; 6.2.1.17 [***] US Dollars ($[***]) upon the [***] in [***] with respect to the [***] for such a Product; 6.2.1.18 [***] US Dollars ($[***]) in the [***] in which [***] for such a Product within such [***] reach [***] US Dollars ($[***]); such amount will be due [***] for the Calendar Quarter in which [***] for such Product in such [***]; 6.2.1.19 [***] US Dollars ($[***]) in the [***] in which [***] for such a Product within such [***] reach [***] US Dollars ($[***]); such amount will be due [***] for the Calendar Quarter in which [***] for such Product in such [***]; and 6.2.1.20 [***] US Dollars ($[***]) in the [***] in which [***] for such a Product within such calendar year reach [***] US Dollars ($[***]); such amount will be due together with the payments on royalties in accordance with Section 7.1 for the Calendar Quarter in which [***] for such Product in such [***] reach such milestone.

First Product Milestones. With respect to each Target Program, Bayer shall pay Compugen the following milestone payments with respect to [***] Product [***] a Target Biologic from such Target Program (i.e. a CGEN-15001T Target Biologic in the case of the CGEN-15001T Target Program and a CGEN-15022 Target Biologic in the case of the XXXX-00000 Xxxxxx CGEN-15022 Target Program) to reach such milestone, regardless of whether such milestone is achieved by Bayer or another Related Party: 6.2.1.1 [***] US Dollars ($[***]) upon the achievement of [***]; 6.2.1.2 [***], US Dollars ($[***]) upon the [***] of [***] as a [***]); 6.2.1.3 [***] US Dollars ($[***]) upon [***] such a Product [***]; 6.2.1.4 [***] Thousand US Dollars ($[***]) upon the [***] with such a Product in a [***]; 6.2.1.5 [***] US Dollars ($[***]) upon the [***] with such a Product in a [***]; 6.2.1.6 [***] US Dollars ($[***]) upon the [***] with such a Product [***] for a [***] with such a Product; 6.2.1.7 [***] US Dollars ($[***]) upon the [***] with such a Product [***] with such a Product; 6.2.1.8 [***] US Dollars ($[***]) upon the [***] with respect to such a Product with a [***], [***] or [***]; for the avoidance of doubt, this milestone, [***]; 6.2.1.9 [***] US Dollars ($[***]) upon the [***] in the [***] with respect to the [***] for such a Product; 6.2.1.10 [***] US Dollars ($[***]) upon the [***] in the [***] with respect to the [***] for such a Product; 6.2.1.11 [***] US Dollars ($[***]) upon the [***] in [***] with respect to the [***] for such a Product; 6.2.1.12 [***] US Dollars ($[***]) upon [***] in the [***] with respect to the [***] for such a Product; 6.2.1.13 [***] US Dollars ($[***]) upon the [***] in the [***] with respect to the [***] for such a Product; 6.2.1.14 [***] US Dollars ($[***]) upon the [***] in [***] with respect to the [***] for such a Product; 6.2.1.15 [***] US Dollars ($[***]) upon the [***] in the [***] with respect to the [***] for such a Product; 6.2.1.16 [***] US Dollars ($[***]) upon the [***] in the [***] with respect to the [***] for such a Product; 6.2.1.17 [***] US Dollars ($[***]) upon the [***] in [***] with respect to the [***] for such a Product; 6.2.1.18 [***] US Dollars ($[***]) in the [***] in which [***] for such a Product within such [***] reach [***] US Dollars ($[***]); such amount will be due [***] for the Calendar Quarter in which [***] for such Product in such [***]; 6.2.1.19 [***] US Dollars ($[***]) in the [***] in which [***] for such a Product within such [***] reach [***] US Dollars ($[***]); such amount will be due [***] for the Calendar Quarter in which [***] for such Product in such [***]; and 6.2.1.20 [***] US Dollars ($[***]) in the [***] in which [***] for such a Product within such calendar year reach [***] US Dollars ($[***]); such amount will be due together with the payments on royalties in accordance with Section 7.1 for the Calendar Quarter in which [***] for such Product in such [***] reach such milestone.

First Product Milestones. With respect to each Target Program, Bayer shall pay Compugen the following milestone payments with respect to [***] Product [***] a Target Biologic from such Target Program (i.e. a CGEN-15001T Target Biologic in the case of the CGEN-15001T Target Program and a CGEN-15022 Target Biologic in the case of the XXXX-00000 Xxxxxx Program) to reach such milestone, regardless of whether such milestone is achieved by Bayer or another Related Party: 6.2.1.1 [***] US Dollars ($[***]) upon the achievement of [***]; 6.2.1.2 [***], US Dollars ($[***]) upon the [***] of [***] as a [***]); 6.2.1.3 [***] US Dollars ($[***]) upon [***] such a Product [***]; 6.2.1.4 [***] Thousand US Dollars ($[***]) upon the [***] with such a Product in a [***]; 6.2.1.5 [***] US Dollars ($[***]) upon the [***] with such a Product in a [***]; 6.2.1.6 [***] US Dollars ($[***]) upon the [***] with such a Product [***] for a [***] with such a Product; 6.2.1.7 [***] US Dollars ($[***]) upon the [***] with such a Product [***] with such a Product; 6.2.1.8 [***] US Dollars ($[***]) upon the [***] with respect to such a Product with a [***], [***] or [***]; for the avoidance of doubt, this milestone, [***]; 6.2.1.9 [***] US Dollars ($[***]) upon the [***] in the [***] with respect to the [***] for such a Product; 6.2.1.10 [***] US Dollars ($[***]) upon the [***] in the [***] with respect to the [***] for such a Product; 6.2.1.11 [***] US Dollars ($[***]) upon the [***] in [***] with respect to the [***] for such a Product; 6.2.1.12 [***] US Dollars ($[***]) upon [***] in the [***] with respect to the [***] for such a Product; 6.2.1.13 [***] US Dollars ($[***]) upon the [***] in the [***] with respect to the [***] for such a Product; 6.2.1.14 [***] US Dollars ($[***]) upon the [***] in [***] with respect to the [***] for such a Product; 6.2.1.15 [***] US Dollars ($[***]) upon the [***] in the [***] with respect to the [***] for such a Product; 6.2.1.16 [***] US Dollars ($[***]) upon the [***] in the [***] with respect to the [***] for such a Product; 6.2.1.17 [***] US Dollars ($[***]) upon the [***] in [***] with respect to the [***] for such a Product; 6.2.1.18 [***] US Dollars ($[***]) in the [***] in which [***] for such a Product within such [***] reach [***] US Dollars ($[***]); such amount will be due [***] for the Calendar Quarter in which [***] for such Product in such [***]; 6.2.1.19 [***] US Dollars ($[***]) in the [***] in which [***] for such a Product within such [***] reach [***] US Dollars ($[***]); such amount will be due [***] for the Calendar Quarter in which [***] for such Product in such [***]; and 6.2.1.20 [***] US Dollars ($[***]) in the [***] in which [***] for such a Product within such calendar year reach [***] US Dollars ($[***]); such amount will be due together with the payments on royalties in accordance with Section 7.1 for the Calendar Quarter in which [***] for such Product in such [***] reach such milestone.