Common use of Option to Distribute Tool Version Clause in Contracts

Option to Distribute Tool Version. Microsoft shall have an option to obtain a [ * ] worldwide right and license from Rational to license and distribute a version of the Rational Visual Test Product to end users of one or more Microsoft development tool products, including Microsoft Visual Basic, Microsoft Visual J++ and Microsoft Visual C++. Such option shall be exercisable by Microsoft for a period of five (5) years from the Closing by delivery of a written [*] CERTAIN CONFIDENTIAL INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Appears in 1 contract

Sources: Agreement for Purchase and Sale of Assets (Rational Software Corp)

Option to Distribute Tool Version. Microsoft shall have an option to obtain a [ * ] worldwide right and license from Rational to license and distribute a version of the Rational Visual Test Product to end users of one or more Microsoft development tool products, including Microsoft Visual Basic, Microsoft Visual J++ and Microsoft Visual C++. Such option shall be exercisable by Microsoft for a period of five (5) years [ * ] from the Closing by delivery of a written [*] CERTAIN CONFIDENTIAL INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Appears in 1 contract

Sources: Agreement for Purchase and Sale of Assets (Rational Software Corp)