Profit Sharing Term Clause Samples

Profit Sharing Term. Profit shall be [***] pursuant to Section 7.4(a) on a [***] and [***] basis from the First Commercial Sale of a Licensed Product in the Territory until the last to occur of: (a) expiration of the last-to-expire Valid Claim of the ASCENTAGE Patents Covering such Licensed Product in such Region; or (b) ten (10) years from the First Commercial Sale of such Licensed Product in such Region (the “Profit Sharing Term”). For the avoidance of doubt, unless both Parties otherwise agreed in writing, [***], the Profit of the Licensed Products occurred after the termination or expiration of this Agreement shall no longer be paid [***].

Profit Sharing Term. Profit sharing payments under this Section 8.2 shall be made as long as GSK Commercializes COVID Vaccines. [*****] PPA Stand-by Fee(s). For purposes of calculating Net Sales, any [*****] PPA Stand-by Fee(s) will not be included. The allocation between the Parties of any [*****] PPA Stand-by Fee(s) and the related costs for maintaining a state of Pandemic Preparedness (as defined in the [*****] Pandemic Preparedness Agreement) during the Stand-by Phase (as defined in the [*****] Pandemic Preparedness Agreement) shall be governed by the [*****] PPA Consortium Agreement.