Common use of Sublicense Right Clause in Contracts

Sublicense Right. As further set forth in the applicable Sublicense Addendum and subject to the terms and conditions of this Agreement (including Service Provider's obligation to pay the Fees), PeopleSoft hereby grants to Service Provider a worldwide, non-exclusive, non- transferable license during the term of this Agreement to market and grant Sublicenses to the Software to a sublicensee (the "Sublicensee") as set forth in such Sublicense Addendum and at the rates and fees set forth therein ("Sublicense Transaction"). Service Provider shall only have the right to Sublicense the Software pursuant to an effective Sublicense Addendum between the parties hereto. PeopleSoft shall have sole authority to set any and all rates and fees, including, but not limited to, pricing of the Software and maintenance fees, in any Sublicense Addendum for any Sublicense Transaction. PeopleSoft reserves the right to amend any Sublicense Addendum as PeopleSoft, in its sole discretion, deems reasonably necessary in the event of, inter alia, price increases for the Software or Designated User or End User growth pursuant to PeopleSoft's then-current growth methodology. PeopleSoft shall make available to, and Service Provider shall notify any Sublicensee of, a migration option such that in the event that a Sublicensee migrates from sublicensing Software from Service Provider at the end of the term of the relevant Sublicense Agreement to licensing Software directly from PeopleSoft pursuant to a perpetual PeopleSoft License Agreement, such Sublicensee shall be entitled to a [CONFIDENTIAL TREATMENT] discount from PeopleSoft's then-current license fees pursuant to such PeopleSoft License Agreement.