Common use of Regulatory Approval Milestones Clause in Contracts

Regulatory Approval Milestones. Nestlé will pay the Company the following milestone payments within [**] days of the achievement of the relevant milestone event as described below: Provided, however that in the event: [**] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. (a) [**] of a Product does not occur by [**] the relevant milestone payment for the delayed milestone event owed by Nestlé pursuant to this Section 4.2 will be reduced by [**]. (b) [**] of a Product does not occur by [**] the relevant milestone payment for the delayed milestone event owed by Nestlé pursuant to this Section 4.2 will be reduced by [**]. (c) [**] of a Product does not occur by [**] the relevant milestone payment for the delayed milestone event owed by Nestlé pursuant to this Section 4.2 will be reduced by [**]. (d) [**] of a Product does not occur by [**] the relevant milestone payment for the delayed milestone event owed by Nestlé pursuant to this Section 4.2 will be reduced by [**]. Such deductions in clauses (a) through (d) not to be cumulatively applied.

Regulatory Approval Milestones. Nestlé will pay the Company the following milestone payments within [**] days of the achievement of the relevant milestone event as described below: Provided, however that in the event: [**] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.: (a) [**] of a Product does not occur by [**] the relevant milestone payment for the delayed milestone event owed by Nestlé pursuant to this Section 4.2 will be reduced by [**]. (b) [**] of a Product does not occur by [**] the relevant milestone payment for the delayed milestone event owed by Nestlé pursuant to this Section 4.2 will be reduced by [**]. (c) [**] of a Product does not occur by [**] the relevant milestone payment for the delayed milestone event owed by Nestlé pursuant to this Section 4.2 will be reduced by [**]. (d) [**] of a Product does not occur by [**] the relevant milestone payment for the delayed milestone event owed by Nestlé pursuant to this Section 4.2 will be reduced by [**]. Such deductions in clauses (a) through (d) not to be cumulatively applied.