Common use of Upon Exercise of Option Clause in Contracts

Upon Exercise of Option. Within ten (10) Business Days of the inclusion on Exercised Indications in the Field, Auxilium shall make the following one-time license fee payments to BTC on a per Indication basis: Amount Indication $1,000,000 Cellulite reduction $500,000 Each Additional Indication

Appears in 3 contracts

Samples: Development and License Agreement (Biospecifics Technologies Corp), Development and License Agreement (Auxilium Pharmaceuticals Inc), Development and License Agreement (Auxilium Pharmaceuticals Inc)

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Upon Exercise of Option. Within ten (10) Business Days of the inclusion on Exercised Indications in the Field, Auxilium shall make the following one-time license fee payments to BTC on a per Indication basis: Amount Indication $1,000,000 Cellulite reduction $$ 500,000 Frozen Shoulder $ 500,000 Each Additional Indication

Appears in 1 contract

Samples: Development and License Agreement (Auxilium Pharmaceuticals Inc)

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Upon Exercise of Option. Within ten (10) Business Days of the inclusion on Exercised Indications in the Field, Auxilium shall make the following one-time license fee payments to BTC on a per Indication basis: Amount Indication $$ 1,000,000 Cellulite reduction $$ 500,000 Each Additional Indication

Appears in 1 contract

Samples: Development and License Agreement (Auxilium Pharmaceuticals Inc)

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