Beginning December. 1, 1999 and each December 1 thereafter, GOOGLE also shall pay to STANFORD a yearly advance royalty as set forth below. Said yearly royalty payments are nonrefundable and noncreditable. Payment due December 1 Yearly advance royalty 1999 – 2002 $[***] 2003 – 2005 $[***] 2006 – 2010 $[***] 2011 – end of last Licensed Patent’s Exclusive period $[***] End of last Licensed Patent’s Exclusive period – expiration of Software’s copyright $[***]
Appears in 3 contracts
Sources: License Agreement, License Agreement (Google Inc.), License Agreement (Google Inc.)