Common use of Life and Disability Clause in Contracts

Life and Disability. Controlled Affiliate will pay to BCBSA a fee for this license in accordance with the following formula: • An annual fee of five thousand dollars ($5,000) per license, plus • .05% of gross revenue per year from group products sold under the Licensed Marks, plus • .5% of gross revenue per year from individual products sold under the Licensed Marks In the event that any license period is greater or less than one (1) year, any amounts due shall be prorated. Royalties under this formula will be calculated, billed and paid in arrears. Life and Disability Controlled Affiliate will promptly and timely transmit to BCBSA all fees owed by Life and Disability Controlled Affiliate as determined by the above formula.

Life and Disability. Controlled Affiliate will pay to BCBSA a fee for this license in accordance with the following formula: • ◦ An annual fee of five thousand dollars ($5,000) per license, plus • ◦ .05% of gross revenue per year from group products sold under the Licensed Marks, plus • ◦ .5% of gross revenue per year from individual products sold under the Licensed Marks In the event that any license period is greater or less than one (1) year, any amounts due shall be prorated. Royalties under this formula will be calculated, billed and paid in arrears. Life and Disability Controlled Affiliate will promptly and timely transmit to BCBSA all fees owed by Life and Disability Controlled Affiliate as determined by the above formula.