Common use of Profit Split Clause in Contracts

Profit Split. Subject to the provisions in this Section 5, upon commercialization of the Product in the Territory, the Parties shall be entitled to a profit split of Adjusted Gross Profit in the Territory, wherein ETON shall pay to AN▇▇▇▇▇▇ ▇0% of AGP (the “Profit Split”). Profit Split payments will be reconciled and calculated on a quarterly basis and will be paid no later than sixty (60) days after the end of the calendar quarter directly to AN▇▇▇▇▇▇ ▇n accordance with Sections 5.5 and 5.6.

Profit Split. Subject to the provisions in this Section 5, upon commercialization of the Product in the Territory, the Parties shall be entitled to a profit split of Adjusted Gross Profit in the Territory, wherein ETON shall pay to AN▇▇▇▇▇▇ ▇0ANDERSEN 50% of AGP (the “Profit Split”). Profit Split payments will be reconciled and calculated on a quarterly basis and will be paid no later than sixty (60) days after the end of the calendar quarter directly to AN▇▇▇▇▇▇ ▇n ANDERSEN in accordance with Sections 5.5 and 5.6.