Common use of Licensed Product Comprising a Compound Clause in Contracts

Licensed Product Comprising a Compound. GSK shall pay to FivePrime royalties at the rates set forth below on Net Sales of each Licensed Product that comprises a Compound: Portion of aggregate worldwide Net Sales for such Licensed Product that is less than *** Dollars ($***) ***% Portion of aggregate worldwide Net Sales for such Licensed Product that is equal to or greater than *** Dollars ($***) and less than *** Dollars ($***) ***% Portion of aggregate worldwide Net Sales for such Licensed Product that is equal to or greater than *** Dollars ($***) ***%

Appears in 2 contracts

Samples: Respiratory Diseases Research Collaboration and License Agreement (Five Prime Therapeutics Inc), Research Collaboration and License Agreement (Five Prime Therapeutics Inc)

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Licensed Product Comprising a Compound. GSK shall pay to FivePrime royalties at the rates rate set forth below on Net Sales of each Licensed Product that comprises a Compound: Portion of aggregate worldwide Net Sales for such Licensed Product that is less than *** Dollars ($***) ***% Portion of aggregate worldwide Net Sales for such Licensed Product that is equal to or greater than *** Dollars ($***) and less than *** Dollars ($***) ***% Portion of aggregate worldwide Net Sales for such Licensed Product that is equal to or greater than *** Billion Dollars ($***) ***%

Appears in 2 contracts

Samples: Research Collaboration and License Agreement (Five Prime Therapeutics Inc), Research Collaboration and License Agreement (Five Prime Therapeutics Inc)

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