Common use of OPTION GRANT TO KOS Clause in Contracts

OPTION GRANT TO KOS. Subject to the terms and conditions of this Agreement, Fuisz grants to Kos an option to obtain an exclusive, royalty bearing license under Technology and Licensed Patents to make, have made, use, sell and have sold Licensed Products throughout the Territory, including the right to grant sublicenses; provided, however that no licenses or rights are granted or implied for *********** Technology, except as set forth in Article 5 hereof. Such option shall be exercisable by Kos, provided all payments have been made in full to Fuisz as provided in paragraphs 3.1(a) and 3.1(b) of this Agreement, by Kos giving written notice to Fuisz of exercise ************************************. In the event Kos does not exercise its option as provided herein, this Agreement and all rights granted to Kos hereunder shall terminate.

OPTION GRANT TO KOS. Subject to the terms and conditions of this Agreement, Fuisz grants to Kos an option to obtain an exclusive, royalty bearing license under Technology and Licensed Patents to make, have made, use, sell and have sold Licensed Products throughout the Territory, including the right to grant sublicenses; provided, however that no licenses or rights are granted or implied for *********** Technology, except as set forth in Article 5 hereof. Such option shall be exercisable by Kos, provided all payments have been made in full to Fuisz as provided in paragraphs 3.1(a) and 3.1(b) of this Agreement, by Kos giving written notice to Fuisz of exercise ************************************within the term of the Development Agreement. In the event Kos does not exercise its option as provided herein, this Agreement and all rights granted to Kos hereunder shall terminate.

OPTION GRANT TO KOS. Subject to the terms and conditions of this Agreement, Fuisz grants to Kos an option to obtain an exclusive, royalty bearing license under Technology and Licensed Patents to make, have made, use, sell and have sold Licensed Products throughout the Territory, including the right to grant sublicenses; provided, however that no licenses or rights are granted or implied for *********** Technology, except as set forth in Article 5 hereof. Such option shall be exercisable by Kos, provided all payments have been made in full to Fuisz as provided in paragraphs 3.1(a) and 3.1(b) of this Agreement, by Kos giving written notice to Fuisz of exercise ************************************within the term of the Development Agreement. In the event Kos does not exercise its option as provided herein, this Agreement and all rights granted to Kos hereunder shall terminate.

OPTION GRANT TO KOS. Subject to the terms and conditions of this Agreement, Fuisz grants to Kos an option to obtain an exclusive, royalty bearing license under Technology and Licensed Patents to make, have made, use, sell and have sold Licensed Products throughout the Territory, including the right to grant sublicenses; provided, however that no licenses or rights are granted or implied for *********** Technology, except as set forth in Article 5 hereof. Such option shall be exercisable by Kos, provided all payments have been made in full to Fuisz as provided in paragraphs 3.1(a) and 3.1(b) of this Agreement, by Kos giving written notice to Fuisz of exercise ************************************ *******. In the event Kos does not exercise its option as provided herein, this Agreement and all rights granted to Kos hereunder shall terminate.