Cash/Stock Payment definition

Cash/Stock Payment has the meaning set forth in Section 3.3.
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Examples of Cash/Stock Payment in a sentence

  • If final judgments that are beyond further right of appeal are entered which finally invalidate all issued Patents, thereafter Licensee's sole remedy shall be the reduction in the rate of the Required Royalty in accordance with Section 9.2; and Licensee shall continue thereafter to be obligated to pay such reduced Required Royalty and any unpaid Guaranteed Cash License Fee, Cash/Stock Payment and Stock Payment.

  • During each of the first four 30-day periods beginning on the date on which Licensee delivers to AccuMed a certificate or certificates representing the Cash/Stock Payment, AccuMed shall not sell, transfer or otherwise dispose of more than 25% of the total number of those shares of Licensee Common Stock constituting the Cash/Stock Payment.

  • Notwithstanding the foregoing, if the SEC has not so declared such registration statement effective on or prior to the ninetieth day following the first anniversary of this Agreement, Licensee shall make the Cash/Stock Payment to AccuMed in cash within ten business days following such ninetieth day.

  • Licensee shall pay all amounts due and payable to AccuMed hereunder before any such election to terminate the exclusivity in accordance with clause (x) above and Licensee is not entitled to any refund or credit for any past Required Royalties, or the Guaranteed Cash License Fee payments, Cash/Stock Payment or Stock Payment.

  • The first $[***] of Required Royalties shall be credited against the Cash/Stock Payment.

  • Licensee shall not be entitled to terminate its obligations under this Agreement until the earlier to occur of (i) the fifth anniversary date of this Agreement and (ii) AccuMed's receipt of the Guaranteed Cash License Fee, the Cash/Stock Payment and the Stock Payment.

  • If the Company has at least fifteen million dollars ($15,000,000) in cash and cash equivalents (including liquid investment securities) on its balance sheet (the "Requisite Cash Balance") after the closing of the first equity or equity-linked financing subsequent to the date hereof and such financing yields a minimum of ten million dollars ($10,000,000) in net proceeds, the Company will deliver to you fifty percent (50%) of your Cash/Stock Payment (the "First Installment").

  • The compensation committee (the "Committee") of the Company's board of directors will determine whether to make your Cash/Stock Payment in a lump sum cash payment or in the form of shares of unrestricted Common Stock within thirty-five (35) trading days after the closing of the financing referred to in Section 2(a)(i).

  • The Licensee Common Stock, if issued in payment of the Cash/Stock Payment, shall be fully paid and non-assessable, and shall be issued without violation of any preemptive rights.

  • The Company shall grant you a retention award having a value of $[AMOUNT] (the "Cash/Stock Payment") upon the following schedule and terms.