Development Milestones. The Milestone Payments for Development events are set forth in Table 1 below. Such Milestone Payments will be payable to Moderna by Merck within [***] of the first achievement [***] by Merck (or its Affiliate or Sublicensee) of the applicable Milestone Event with respect to a Development Milestone Product (as defined below). For the purposes of this Section 8.4, “Development Milestone Product” shall mean:
Appears in 6 contracts
Samples: Collaboration and License Agreement (Moderna, Inc.), Collaboration and License Agreement (Moderna, Inc.), Collaboration and License Agreement (Moderna, Inc.)
Development Milestones. The Milestone Payments for Development events are set forth in Table T able 1 below. Such Milestone Payments will be payable to Moderna by Merck within [***] of the first achievement [***] by Merck (or its Affiliate or Sublicensee) of the applicable Milestone Event with respect to a Development Milestone Product (as defined below). For the purposes of this Section 8.4, “Development Milestone Product” shall mean:Development
Appears in 1 contract
Samples: Collaboration and License Agreement
