Patent Royalty Payments. On a […***…], GSK shall pay Zymeworks a royalty (the “Royalty”) on Net Sales of each Product at the rates set forth below: Annual Net Sales on a Product-by-Product basis Royalty Rate (as a percentage of Net Sales) $[…***…] up to $[…***…] […***…] % Annual Net Sales on a Product-by-Product basis Royalty Rate (as a percentage of Net Sales) Above $[…***…] to $[…***…] […***…] % Above $[…***…] […***…] %
Appears in 2 contracts
Samples: And License Agreement (Zymeworks Inc.), And License Agreement (Zymeworks Inc.)
Patent Royalty Payments. On a […***…], GSK shall pay Zymeworks a royalty (the “Royalty”) on Net Sales of each GSK Product at the rates set forth below: Annual Net Sales on a GSK Product-by-GSK Product basis Royalty Rate (as a percentage of Net Sales) $[…***…] up to $[…***…] […***…] % Annual Net Sales on a Product-by-Product basis Royalty Rate (as a percentage of Net Sales) Above $[…***…] to $[…***…] […***…] % Above $[…***…] […***…] %
Appears in 2 contracts
Samples: Collaboration and License Agreement (Zymeworks Inc.), Collaboration and License Agreement (Zymeworks Inc.)
Patent Royalty Payments. On a […***…], GSK shall pay Zymeworks a royalty (the “Royalty”) on Net Sales of each Product at the rates set forth below: Annual Net Sales on a Product-by-Product basis Royalty Rate (as a percentage of Net Sales) $[…***…] up to $[…***…] […***…] % CONFIDENTIAL Annual Net Sales on a Product-by-Product basis Royalty Rate (as a percentage of Net Sales) Above $[…***…] to $[…***…] […***…] % Above $[…***…] […***…] %
Appears in 1 contract
Samples: License Agreement
