Common use of Development Event Payments Clause in Contracts

Development Event Payments. CinCor shall pay to Roche up to a total of [***] in relation to the achievement of development events with respect to the first Product achieving such events. The development event payments under this Section 10.3 shall be paid by CinCor according to the following schedule of development events and shall be non-refundable. Development Event US Dollars (in millions) (1) [***] [***] (2) [***] [***] (3) [***] [***] (4) [***] [***] Total [***] [***] Each development event payment shall be paid only once and only with respect to the first time the first Product reaches the applicable triggering event, regardless of the number of times such events are reached by the same or another Product. Upon reaching a development event, CinCor shall timely notify Roche thereof and the corresponding development event payment shall be paid by CinCor to Roche within [***] after CinCor’s receipt of a correct invoice from Roche with respect thereto.

Development Event Payments. CinCor shall pay to Roche up to a total of [***] in relation to the achievement of development events with respect to the first Product achieving such events. The development event payments under this Section 10.3 shall be paid by CinCor according to the following schedule of development events and shall be non-refundable. Development Event US Dollars (in millions). (1) [***] [***] (2) [***] [***] (3) [***] [***] (4) [***] [***] Total [***] [***] Each development event payment shall be paid only once and only with respect to the first time the first Product reaches the applicable triggering event, regardless of the number of times such events are reached by the same or another Product. Upon reaching a development event, CinCor shall timely notify Roche thereof and the corresponding development event payment shall be paid by CinCor to Roche within [***] after CinCor’s receipt of a correct invoice from Roche with respect thereto.