Common use of Conduct of Directed Array Program Clause in Contracts

Conduct of Directed Array Program. The DA Program will be conducted in accordance with the Research Plan. ArQule shall commit a total of four (4) FTEs per calendar year to the Directed Array Program (including at least two full-time synthetic organic chemists). ArQule shall furnish Solvay with a quarterly report describing progress and methods used in sufficient detail and that includes the names of the synthetic organic chemists and the time spent in the DA Program in that quarter, as well as the total non-chemist FTE resource applied to the DA Program in that quarter with an approximate breakdown by function. Solvay shall propose projects to the Research Committee for inclusion as a Directed Array Program. If the Research Committee approves the inclusion of the proposed project, ArQule shall thereupon diligently synthesize Directed Array Libraries of ArQule Derivative Compounds or Solvay Derivative Compounds in accordance with the Research Plan; Solvay shall provide ArQule with the requisite amount and purity of Solvay Compounds, as directed by the Research Committee, for any Directed Array Library Programs based on such Solvay Compounds. Solvay shall, in its discretion, test all compounds in the Directed Array Libraries. The parties shall perform the Directed Array Programs under this Agreement during the first two (2) years of the Research Period. ArQule shall have no obligation to expand or extend its commitments to the Directed Array Program, including without limitation the commitment of four (4) FTEs per calendar year and the two-year performance period.

Appears in 1 contract

Sources: Research, Development and License Agreement (Arqule Inc)

Conduct of Directed Array Program. The DA Program will be conducted in accordance with the Research Plan. ArQule shall commit a total of four (4) [*****] FTEs per calendar year to the Directed Array Program (including at least two [*****] full-time synthetic organic chemists). ArQule shall furnish Solvay with a quarterly report describing progress and methods used in sufficient detail and that includes the names of the synthetic organic chemists and the time spent in the DA Program in that quarter, as well as the total non-chemist FTE resource applied to the DA Program in that quarter with an approximate breakdown by function[*****]. Solvay shall propose projects to the Research Committee for inclusion as a Directed Array Program. If the Research Committee approves the inclusion of the proposed project, ArQule shall thereupon diligently synthesize Directed Array Libraries of ArQule Derivative Compounds or Solvay Derivative Compounds in accordance with the Research Plan; Solvay shall provide ArQule with the requisite amount and purity of Solvay Compounds, as directed by the Research Committee, for any Directed Array Library Programs based on such Solvay Compounds. Solvay shall, in its discretion, test all compounds in the Directed Array Libraries. The parties shall perform the Directed Array Programs under this Agreement during the first two (2) [*****] years of the Research Period. ArQule shall have no obligation to expand or extend its commitments to the Directed Array Program, including without limitation the commitment of four (4) [*****] FTEs per calendar year and the two-year [*****]-year performance period. -------- CONFIDENTIAL MATERIALS OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. ASTERISKS DENOTE SUCH OMISSIONS.

Appears in 1 contract

Sources: Research, Development and License Agreement (Arqule Inc)