Common use of Time and Method of Payment Clause in Contracts

Time and Method of Payment. The initial payment under Section 3.2 shall be paid to LICENSOR within 10 days of the Effective Date of this Agreement, and each subsequent payment under Section 3.2 to LICENSOR shall be made on or before January 31 of each license year commencing January 1,

Time and Method of Payment. The initial payment under Section 3.2 shall be paid to LICENSOR within 10 days of the Effective Date of this Agreement, and each subsequent payment under Section 3.2 to LICENSOR shall be made on or before January 31 of each license year commencing January 1,, 2004.[Confidential Information Omitted and filed separately with the Securities and Exchange Commission] if LICENSEE elects, by checking the following box [X] whereby LICENSEE agrees to pay a ten percent (10%) earned royalty on sales of Licensed Products under Section 3.1

Time and Method of Payment. The initial payment under Section 3.2 shall be paid to LICENSOR within 10 days of the Effective Date of this Agreement, and each subsequent payment under Section 3.2 to LICENSOR shall be made on or before January 31 of each license year commencing January 1,, 2004. Notwithstanding the foregoing, [Confidential Information Omitted and filed separately with the Securities and Exchange Commission] if LICENSEE elects, by checking the following box [ X ] to pay a fifteen percent (15%) earned royalty on sales of Licensed Products under Section 3.1

Time and Method of Payment. The initial payment under Section 3.2 shall be paid to LICENSOR within 10 days of the Effective Date of this Agreement, and each subsequent payment under Section 3.2 to LICENSOR shall be made on or before January 31 of each license year commencing January 1,, 2004. [Confidential Information Omitted and filed separately with the Securities and Exchange Commission] if LICENSEE elects, by checking the following box [X] whereby LICENSEE agrees to pay a ten percent (10%) earned royalty on sales of Licensed Products under Section 3.1