Common use of Sales Year Clause in Contracts

Sales Year. Each twelve (12) month period during the Term, as defined below, of this Agreement commencing on the first date of shipment of Licensed Products by Licensee or its distributor or sub-licensee in commercially reasonable quantities (the "First Shipment Date") for the first line of Licensed Products to be launched by Licensee or its distributor or sub-licensee, and ending on each anniversary thereof. If the First Shipment Date in Sales Year 1 * Confidential terms omitted and provided separately to the Securities and Exchange Commission. occurs on other than the first day of the month, then Sales Year 1 shall end on the last day of the month in which the anniversary of the First Shipment Date occurs and all subsequent Sales Years shall end on the anniversary of such date.

Sales Year. Each twelve (12) month period during the Term, as defined below, of this Agreement Agreement, commencing on the first date of shipment of Licensed Products by Licensee or its distributor or sub-licensee in commercially reasonable quantities (the "“First Shipment Date"”) for the first line of Licensed Products currently scheduled to be launched by Licensee or its distributor or sub-licensee, and ending on each anniversary thereofoccur *. If the First Shipment Date in Sales Year 1 * Confidential terms omitted and provided separately to the Securities and Exchange Commission. occurs on other than the first day of the month, then Sales Year 1 shall end on the last day of the month in which the anniversary of the First Shipment Date occurs and all subsequent Sales Years shall end on the anniversary of such date.

Sales Year. Each twelve (12) month period during the Term, as defined below, of this Agreement Agreement, commencing on the first date of shipment of Licensed Products by Licensee or its distributor or sub-licensee in commercially reasonable quantities (the "First Shipment Date") for the first line of Licensed Products to be launched by Licensee or its distributor or sub-licensee, and ending on each anniversary thereof. If the First Shipment Date in Sales Year 1 * Confidential terms omitted and provided separately to the Securities and Exchange Commission. occurs on other than the first day of the month, then Sales Year 1 shall end on the last day of the month in which the anniversary of the First Shipment Date occurs and all subsequent Sales Years shall end on the anniversary of such date.

Sales Year. Each twelve (12) month period during the Term, as defined below, of this Agreement Agreement, commencing on the first date of shipment of Licensed Products by Licensee or its distributor or sub-licensee in commercially reasonable quantities (the "“First Shipment Date"”) for the first line of Licensed Products currently scheduled to be launched by Licensee or its distributor or sub-licenseeoccur December, and ending on each anniversary thereof2013. If the First Shipment Date in Sales Year 1 * Confidential terms omitted and provided separately to the Securities and Exchange Commission. occurs on other than the first day of the month, then Sales Year 1 shall end on the last day of the month in which the anniversary of the First Shipment Date occurs and all subsequent Sales Years shall end on the anniversary of such date.