Common use of License Option Exercise Fee Clause in Contracts

License Option Exercise Fee. In connection with the exercise of its License Option with respect to a Program, subject to the occurrence of the License Option Effective Date, Gilead shall pay to Merus the non-refundable, non-creditable License Option Exercise Fee in accordance with Section 6.4.

License Option Exercise Fee. In connection with the exercise of On a Program-by-Program basis, if Gilead exercises its License Option in accordance with respect to a ProgramSection 4.2(a), subject to the occurrence of the License Option Effective Datethen [***], Gilead shall pay to Merus the a non-refundable, non-creditable option exercise payment of [***] (the “License Option Exercise Fee in accordance with Section 6.4Fee”).