Common use of Option to License Clause in Contracts

Option to License. Mykrolis grants to 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 Mykrolis Optioned Patents (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 Mykrolis Optioned Patent(s) to make, have made, use, sell or otherwise dispose of Products in the MIL Field of Use.

Option to License. Mykrolis MIL grants to MIL 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 Mykrolis MIL Optioned Patents (as set forth in Exhibit B)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 Mykrolis MIL Optioned Patent(s) to make, have made, use, sell or otherwise dispose of Products in the MIL Mykrolis Field of Use.