Common use of Calculation of Royalties Clause in Contracts

Calculation of Royalties. Within thirty (30) days after the end of each calendar quarter, Licensee shall pay to Profile a royalty at the percentage indicated in the chart below on the Net Sales of all Devices sold or distributed during such calendar quarter. The applicable percentage rate depends on the level of Net Sales achieved during each calendar year, and is as follows: Sales During Calendar Year Royalty Rate -------------------------- ------------ From $0 to $30,000,000 3.05% $30,000,001 to $100,000,000 2.05% Over $100,000,000 1.05%