Common use of Royalty Accounting Clause in Contracts

Royalty Accounting. The tiered royalties under this Agreement shall be paid quarterly but calculated on an annual basis. Only a single royalty rate shall be applicable in any given year and that rate will be determined by the total Annual Net Sales. An adjustment to prior quarters in any given year shall be made in any subsequent quarter of the same year in which a threshold in a higher royalty bracket has exceeded. A yearend adjustment will be made, if a royalty threshold is exceeded in the fourth quarter.

Royalty Accounting. The tiered royalties under this Agreement ------------------- and Pre-Negotiated Licenses entered into pursuant hereto shall be paid quarterly but calculated on an annual basis. Only a single royalty rate shall be applicable in any given year and that rate will be determined by the total Annual annual Net Sales. An adjustment to prior quarters in any given year shall be made in any subsequent quarter of in the same year in which a threshold in into a higher royalty bracket has been exceeded. A yearend year end adjustment will be made, if a royalty threshold is exceeded in the fourth quarter.

Royalty Accounting. The tiered royalties under this Agreement shall be ------------------ paid quarterly but calculated on an annual basis. Only a single royalty rate shall be applicable in any given year and that rate will be determined by the total Annual annual Net Sales. An adjustment to prior quarters in any given year shall be made in any subsequent quarter of in the same year in which a threshold in into a higher royalty bracket has been exceeded. A yearend year-end adjustment will be made, if a royalty threshold is exceeded in the fourth quarter.