Common use of Sales-Based Milestones Clause in Contracts

Sales-Based Milestones. PPD shall pay to Xxxxxxx milestone payments in accordance with the schedule set forth below, based on total worldwide Net Sales of all Licensed Products for the first [*] consecutive Calendar Quarter-period during which such sales milestone event is achieved, such payment to be made within forty-five (45) days of receipt of an invoice from PPD after the achievement of such milestone event. Each of the milestone payments shall be payable only once, regardless of the number of times Licensed Products achieve such sales milestone event. PPD shall give Xxxxxxx written notice of the occurrence of a sales milestone event within ten (10) business days of the occurrence of such milestone event.

Sales-Based Milestones. PPD Xxxxxxx shall pay to Xxxxxxx PPD milestone payments in accordance with the schedule set forth below, based on total worldwide Net Sales of all Licensed Products for the first [*] consecutive Calendar Quarter-period during which such sales milestone event is achieved, such payment to be made within forty-five (45) days of receipt of an invoice from PPD after the achievement of such milestone event. Each of the milestone payments shall be payable only once, once regardless of the number of times Licensed Products achieve such sales milestone event. PPD Xxxxxxx shall give Xxxxxxx PPD written notice of the occurrence of a sales milestone event described below within ten (10) business days of the occurrence of such milestone eventthereof.