Common use of Option to License Clause in Contracts

Option to License. MIL grants to Mykrolis a personal, irrevocable, exclusive option for a period of five (5) years from the date of this agreement to elect to obtain a license under one or more of the MIL Optioned Patents. It is contemplated that more than option election may be exercised during this time period. If any such an option is exercised, the license granted shall be personal, irrevocable, exclusive, worldwide, no upfront fee, with a 5% royalty based on Net Sales and non-transferable (except as set forth in Section 8.10) to use the MIL Optioned Patent(s) to make, have made, use, sell or otherwise dispose of Products in the Mykrolis Field of Use.

Option to License. MIL Mykrolis grants to Mykrolis MIL a personal, irrevocable, exclusive option for a period of five (5) years from the date of this agreement to elect to obtain a license under one or more of the MIL Mykrolis Optioned PatentsPatents (as set forth in Exhibit B). It is contemplated that more than option election may be exercised during this time period. If any such an option is exercised, the license granted shall be personal, irrevocable, exclusive, worldwide, no upfront fee, with a 5% royalty based on Net Sales and non-transferable (except as set forth in Section 8.10) to use the MIL Mykrolis Optioned Patent(s) to make, have made, use, sell or otherwise dispose of Products in the Mykrolis MIL Field of Use.