Royalty Rate. In consideration of the license granted herein, Licensee shall pay to Licensor a percentage royalty (the “Percentage Royalty”) in each Contract Year of * percent (*%) of Net Wholesale Sales, plus (i) * (*%) of Licensee’s Net Retail Sales during the first ten Contract Years of the Term, and (ii) * (*%) of Licensee’s Net Retail Sales thereafter.
Appears in 4 contracts
Samples: License and Distribution Agreement, Licensing Agreement, License and Distribution Agreement (Michael Kors Holdings LTD)
Royalty Rate. In consideration of the license granted herein, Licensee shall pay to Licensor a percentage royalty (the “"Percentage Royalty”") in each Contract Year of *** percent (*%) of Net Wholesale Sales, plus (i) * (*%) Sales of Licensee’s Net Retail Sales during the first ten Contract Years of the Term, any and (ii) * (*%) of Licensee’s Net Retail Sales thereafterall Licensed Products sold by Licensee or its Affiliates.
Appears in 1 contract
Royalty Rate. In consideration of the license granted herein, Licensee shall pay to Licensor a percentage royalty (the “"Percentage Royalty”") in each Contract Year of * five percent (*5%) of Net Wholesale Sales, plus (i) * two (*2%) of Licensee’s 's Net Retail Sales during the first ten five Contract Years of the Term, and (ii) * three (*3%) of Licensee’s 's Net Retail Sales thereafter.
Appears in 1 contract
Samples: Michael Kors Agreement
