Common use of Sales Milestone Event Sales Milestone Payment Clause in Contracts

Sales Milestone Event Sales Milestone Payment. First time that aggregate worldwide Net Sales of all Licensed Products in the aggregate in a twelve consecutive month period exceed [*] [*] First time that aggregate worldwide Net Sales of all Licensed Products in the aggregate in a twelve consecutive month period exceed [*] [*] First time that aggregate worldwide Net Sales of all Licensed Products in the aggregate in a twelve consecutive month period exceed [*] [*] First time that aggregate worldwide Net Sales of all Licensed Products in the aggregate in a twelve consecutive month period exceed [*] [*] [*] Confidential treatment requested; certain information omitted and filed separately with the SEC.

Appears in 4 contracts

Samples: Option and License Agreement (Furiex Pharmaceuticals, Inc.), Option and License Agreement (Furiex Pharmaceuticals, Inc.), Option and License Agreement (Furiex Pharmaceuticals, Inc.)

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