Common use of Option Fee Clause in Contracts

Option Fee. An Option Fee of [XXXXX] per Optioned Clone shall be due ---------- upon the election of an Option with respect to any Clone from any Exclusive Data Set; provided, however, that [XXXXX]

Appears in 3 contracts

Sources: Research and Option Agreement (Curagen Corp), Research and Option Agreement (Curagen Corp), Research and Option Agreement (Curagen Corp)

Option Fee. An Option Fee of [XXXXX*****] per Optioned Clone shall be due ---------- upon the election of an Option with respect to any Clone from any Exclusive Data Set; provided, however, that [XXXXX********************************************************], provided however that such remaining Clones have not been already optioned or licensed to a third party under a written agreement between CURAGEN and such party.

Appears in 1 contract

Sources: Research and Option Agreement (Curagen Corp)