Research Cost definition

Research Cost means the aggregate amount of costs incurred by LeukoSite to perform research under the Stage 2 Research Plan determined in a reasonable manner and consistent with normal internal accounting practices and GAAP.
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Research Cost. REIMBURSEMENTS shall mean any payment for research and/or development that used PATENT RIGHTS under a research, development, testing, collaboration or co-development arrangement as documented by delivery to the payor of a written report which is not in excess of reimbursement for the costs, APPORTIONED OVERHEAD and salaries and fees required to conduct such research or development.
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Research Cost. REIMBURSEMENTS shall mean any payment for research and/or development that used PATENT RIGHTS under a research, development, testing, collaboration or co-development arrangement as documented by delivery to the payor of a written report which is not in excess of reimbursement for the costs, APPORTIONED OVERHEAD and salaries and fees required to conduct such research or development. 1.14 DISCOVERY PAYMENTS shall mean any payment received by COMPANY from a third party or SUBLICENSEE related to sales by a third party or AFFILIATE or SUBLICENSEE of products identified by the use of LICENSED PRODUCTS or LICENSED processes. DISCOVERY payments may be received from either a customer or SUBLICENSEE. 1.15 APPORTIONED OVERHEAD shall mean actual pro-rata costs related to the development of a LICENSED PRODUCT or LICENSED PROCESS such as employee benefits, rent, utilities, insurance, taxes, etc but in any case no greater than 150% of salary and benefits, provided however that COMPANY may request that the 150% cap be increased based on COMPANY providing M.I.T. with the detailed costs actually incurred over a twelve month period. 2.
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Examples of Research Cost in a sentence

  • During the Agreement Term, Vertex will keep and maintain accurate and complete records regarding Net Sales during the [***] preceding Calendar Years and CRISPR will keep and maintain accurate and complete records regarding the Research Cost covering the [***] preceding Calendar Years.

  • The JSC shall discuss such issue promptly and determine if the cost-overrun would be caused by a matter outside such Party’s control, in which case the JSC shall amend the applicable budget to cover a reasonable amount of additional Development Cost or Research Cost to be incurred by such Party in completing such task.

  • Within [***] after the end of each Calendar Quarter following the License Agreement Effective Date (or the determination by the JRDC of the scope of Research activities to be conducted by the Parties under the License Development Plan, if later), each Party shall submit its Research Cost Report for the previous Calendar Quarter to the other Party.

  • The amount of the Research Cost Cap may only be increased or decreased by written agreement of the Parties, signed by the Chief Executive Officer for Achillion and the Executive Vice President for Research and Development for Gilead.

  • The Parties have agreed on a Research Cost Cap of [**] Dollars ($[**]).

  • Upon completion of the audit, the accounting firm will provide both the Auditing Party and the Audited Party a written report disclosing whether the reports submitted by Vertex, or the Research Cost reported by CRISPR, as applicable, are correct or incorrect and the specific details concerning any discrepancies.

  • Research Cost Sharing, Payment and Extension Agreement Confidential materials omitted and filed separately with the Securities and Exchange Commission.

  • Section: Celgene Co-Co Materials Receiving Party 2.6.1 Celgene Co-Co Program Exhibit A Celgene Co-Co Program Assets 2.8 Celgene Co-Co Purpose 2.6.1 Celgene Co-Co Research Cost Allocation 2.2.1 Celgene Co-Co Selling Party 1.6 Celgene Co-Co Term 9.1.1 Celgene Co-Co Transferring Party 2.6.1 Celgene Corp.

  • The invoices sent by FCE under the foregoing procedure for each year of the Agreement may not in the aggregate be more than half the Total Research Cost, without prior written consent of ExxonMobil or amendment to the Project Description.

  • Chiron may request RPI to conduct specialized delivery work for which Chiron will reimburse RPI its Research Cost in connection therewith.


More Definitions of Research Cost

Research Cost means the fully-burdened cost of producing ribozymes for research use, including, as applicable, the cost of raw materials; direct labor and benefits; if necessary, royalties due to third parties; shipping and indirect costs (including depreciation and other indirect costs, but excluding general and administrative expenses), all fairly allocable to the ribozymes produced under this Agreement as determined in accordance with generally accepted accounting principles and customary usage in the U.S. pharmaceutical industry. For the purposes of the exclusion in the preceding sentence, "general and administrative expenses" means expenses associated with the following functions: human resources, law (including without limitation expenses of defense, settlement or discharge of liabilities to third parties), business development, and executive administration. Accounts receivable, accounts payable and purchasing expenses fairly allocable to the ribozymes produced hereunder shall be included within Research Cost; other expenses associated with general finance functions shall be considered general and administrative expenses and excluded from Research Cost.
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Related to Research Cost

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Research Project means a discrete scientific endeavor to answer a research question or a set of research questions related to medical marijuana and is required for a medical marijuana research license.

  • Development Costs means costs incurred to obtain access to reserves and to provide facilities for extracting, treating, gathering and storing the oil and gas from reserves. More specifically, development costs, including applicable operating costs of support equipment and facilities and other costs of development activities, are costs incurred to:

  • Manufacturing Cost means [***].

  • Massive Multiauthor Collaboration Site (or “MMC Site”) means any World Wide Web server that publishes copyrightable works and also provides prominent facilities for anybody to edit those works. A public wiki that anybody can edit is an example of such a server. A “Massive Multiauthor Collaboration” (or “MMC”) contained in the site means any set of copyrightable works thus published on the MMC site.

  • Development Works means the external development works and internal development works on immovable property;

  • Research Program Term has the meaning set forth in Section 2.2.

  • Research Plan shall have the meaning set forth in Section 2.1.

  • Research Program has the meaning set forth in Section 2.1.

  • Research Use shall have the meaning given in Section 2.2.2 of this Agreement.

  • Development Work means the conduct of preclinical and clinical trials, the compilation of the regulatory dossier concerning Licensed Products and the conduct of other work necessary or useful for obtaining Regulatory Approval of Licensed Products.

  • Development Phase means the period before a vehicle type is type approved.

  • Research Term has the meaning set forth in Section 3.2.

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Collaboration Term has the meaning set forth in Section 2.2.

  • Patent Costs means the reasonable, documented, out-of-pocket costs and expenses paid to outside legal counsel, and filing and maintenance expenses, [***] in Prosecuting and Maintaining Patents.

  • Commercialization Costs means the sum of the following costs and expenses incurred by the Parties or their respective Affiliates, in Commercializing the Shared Products (and related Manufacturing activities) in the Territory, in each case, to the extent incurred in accordance with the Commercialization Plan and Commercialization Budget:

  • Development Activities means those activities which are normally undertaken for the development, construction, repair, renovation, rehabilitation or conversion of buildings for residential purposes, including the acquisition of property;

  • Development Program means the implementation of the development plan.

  • Development Activity means any activity defined as Development which will necessitate a Floodplain Development Permit. This includes buildings, structures, and non-structural items, including (but not limited to) fill, bulkheads, piers, pools, docks, landings, ramps, and erosion control/stabilization measures.

  • Research facility means buildings and structures, including machinery and equipment, used or to be used primarily for research or experimentation to improve or develop new tangible goods or materials or to improve or develop the production processes thereto.

  • Research Budget has the meaning set forth in Section 3.2.

  • Collaboration Know-How means all Know-How conceived, discovered, developed or otherwise made by or on behalf of a particular Party or any of its Affiliates or permitted subcontractors of any of the foregoing (solely or jointly by or on behalf of a particular Party or any of its Affiliates or permitted subcontractors of any of the foregoing) in the course of [***].

  • Minimum Improvements means the acquisition of land and construction of a 64-unit market rate residential apartment building and related improvements. The Minimum Improvements are more fully depicted in Exhibit B, which is attached hereto and incorporated herein.

  • Collaboration IP means Collaboration Know-How and Collaboration Patents.

  • scientific research means any activity in the field of natural or applied science for the extension of knowledge;