Exclusivity Option Sample Clauses
Exclusivity Option. 5.1 This option may be agreed by the Parties and specified in the Work Package alongside Options A and B above.
5.2 This option applies as follows:
5.2.1 In the case of Option A: CACI shall not use, exploit and/or license any third party to use, exploit and/or sub-license the Works and/or any part of them for any purpose for the exclusivity period specified in the Work Package from the date of the Work Package.
5.2.2 In the case of Option B: The Customer shall not use, exploit and/or license any third party to use, exploit and/or sub-license the Works and or any part of them for any purpose for the exclusivity period specified in the Work Package from the date of the Work Package.
Exclusivity Option. If the Authorized Project completes step 4, the Member shall have the option of benefiting from the exclusive use of the Foreground IP (the “Exclusivity Option”) for a period of 4 years following the completion of this step 4 (the “Exclusivity Period”). The Exclusivity Option shall be exercised by giving notice to INO within 3 months of the end of step 4 of an Authorized Project.
Exclusivity Option. (a) Synergetics grants to Codman an option to become the exclusive marketer and distributor (even as to Synergetics) of all monopolar or bipolar or Combination generators made by or for Synergetics for use in the Field and those accessories and disposables used therewith as listed in Schedule A (and for the avoidance of doubt, all Existing Products listed as Co-Exclusive Products in Schedule A shall become Exclusive Products), except for those RF generators marketed for minimally invasive pain control (“Option”). Codman’s right to exercise the Option shall arise on the date of the first receipt by Codman of a Schedule G Generator, or of a CMC XL generator as a New Product hereunder, for commercial resale (such date being the “Opening Date”). Codman shall have the right to exercise the Option during a period of 180 consecutive days, inclusive of and following the Opening Date (“Exercise Period”), after which time the Option will expire. Codman’s exercise of the Option shall be performed by delivering a written notice thereof (“Notice”) to Synergetics along with a first Exercise Payment (as defined in Subsection 2.02(b), below). The Notice shall not be delivered to Synergetics earlier than the Opening Date, and shall be effective on the effective date stated therein (“Exclusivity Date”), so long as such Exclusivity Date is within the Exercise Period, and the first Exercise Payment is received therewith.
(b) To establish exclusivity, Codman will pay Synergetics Six Hundred Thousand Dollars ($600,000.00) in four quarterly installments of One Hundred Fifty Thousand Dollars ($150,000.00) (each such installment being an “Exercise Payment”). As stated above, the first Exercise Payment shall be received with the Notice. The remaining three Exercise Payments shall be received quarterly thereafter on the first day of the months that are three, six, and nine months after the Exclusivity Date, respectively. Failure to deliver an Exercise Payment to Synergetics by the fifteenth day of each such month shall terminate Codman’s exclusive rights under the Option, and shall allow Synergetics all other remedies available at law or in equity.
(c) Synergetics shall have three (3) months after the Exclusivity Date in which to stop marketing and distributing all monopolar or bipolar or Combination generators as well as those accessories and disposables used therewith as listed in Schedule A for use in the Field, except those RF generators marketed and distributed for minimally in...
Exclusivity Option. A) NGCF shall pay Platform an exclusivity fee of seventy thousand dollars ($75,000) per year for the term of this Agreement provided that: the technical measures to allow Client Data to be connected to the NGCF Site described in Section 2.D will be implemented on an exclusive basis so that no other website will have direct connection to Platform Clients’ Client Data; and the license granted in Section 2.G is hereby made semi-exclusive (Platform retains the right to display Client Data but no other license to Client Data may be given). Payments of the exclusivity fee will be made as set forth in Appendix I. · Please initial here to accept exclusivity provision: Platform __________ NGCF ____________
Exclusivity Option. During the Initial Term, ▇▇▇▇▇▇▇.▇▇▇ will not ------------------- enter into any agreement with a third party to co-brand a web-site on which customized CDs are made available for purchase. Notwithstanding anything contained in this Agreement to the contrary, at any time following three (3) months after the Effective Date, Spinner may at its option request that TMC remove Digital Downloads from the Co-Branded Sites, and any access to purchase Digital Downloads.
Exclusivity Option