Common use of Royalty Accounting Clause in Contracts

Royalty Accounting. The royalties under this Agreement shall be ------------------ paid quarterly but calculated on an annual basis. Only a single royalty rate shall be applicable in any given year and that rate will be determined by the total annual Net Sales. An adjustment to prior quarters in any given year shall be made in any subsequent quarter in the same year in which a threshold into a higher royalty bracket has been exceeded. A year-end adjustment will be made, if a royalty threshold is exceeded in the fourth quarter.

Royalty Accounting. The tiered royalties under this Agreement shall be ------------------ paid quarterly but calculated on an annual basis. Only a single royalty rate shall be applicable in any given year and that rate will be determined by the total annual Annual Net Sales. An adjustment to prior quarters in any given year shall be made in any subsequent quarter in of the same year in which a threshold into in a higher royalty bracket has been exceeded. A year-end yearend adjustment will be made, if a royalty threshold is exceeded in the fourth quarter.

Royalty Accounting. The tiered royalties under this Agreement ------------------- and Pre-Negotiated Licenses entered into pursuant hereto shall be ------------------ paid quarterly but calculated on an annual basis. Only a single royalty rate shall be applicable in any given year and that rate will be determined by the total annual Net Sales. An adjustment to prior quarters in any given year shall be made in any subsequent quarter in the same year in which a threshold into a higher royalty bracket has been exceeded. A year-year end adjustment will be made, if a royalty threshold is exceeded in the fourth quarter.