Product Development Royalties Sample Clauses

Product Development Royalties. 本產品開發利益金 1. After any Product jointly developed under this Agreement obtains the marketing authorization and begins to be launched in the market (hereinafter referred to as the “Launch Date”), Party B shall provide Party A with a report on the quarterly Gross Sales of the Product, due by the 20th of January, April, July, and October of each year. This report shall serve as the basis for the calculation of the Product’s development profit share. The payment term for the development profit share shall be 15 years from the Launch Date of each individual product. 透過本契約共同開發之任一本產品取得上市許可並於市場開始進行銷售（以下簡稱「上市日」）後，乙方應於每年1、4、7、10月前之20日提供乙方銷售本產品每季銷售總額之報表，作為核算本產品開發利益金之依據；其本產品開發利益金支付年限為個別本產品上市日起算15年。 2. Starting from the first month following the Launch Date of the Product, Party B shall calculate the product development profit share at 10% of the quarterly Gross Sales of the Product. The calculated amount shall be paid to Party A by the 10th of the month following each quarter. 自本產品上市日起算第1個月起，乙方需按季以本產品每季銷售總額之10%計算產品開發利益金，並於次月10日前支付予甲方。