Common use of First Option Clause in Contracts

First Option. In further consideration for the exercise of the First Option, ROCHE shall pay to ENS royalties on Net Sales of Product calculated separately in respect of each band of income in each calendar year at the rate of royalty set out opposite the relevant band in the table below. Royalties on Net Sales below **** * *** Royalties on Net Sales **** * *** Royalties on Net Sales **** * *** Royalties on Net Sales **** * *** Royalties on Net Sales above **** * ***

Appears in 3 contracts

Sources: License Agreement (Evotec AG), License Agreement (Evotec AG), License Agreement (Evotec AG)