Common use of FTE Commitments Clause in Contracts

FTE Commitments. (a) For the first three years of the Research Term, P&U shall fund research under this Agreement for the number of Exelixis FTEs set forth in Table 1. The Parties anticipate that, in the first year of the Research Term, [ * ] [ * ] (b) From the third anniversary of the Effective Date until the termination of the Research Term, there shall be no less than [ * ] FTEs in the Research Program in Alzheimer's Disease and [ * ] FTEs in the Research Program in Metabolic Syndrome as determined by the JMT. P&U shall fund [ * ] such FTEs. (c) At any time during the Research Term, P&U may fund, at the Annual FTE Rate, up to [ * ] additional FTEs (or more with the consent of Exelixis) for a minimum commitment of one year (but not more than an aggregate of [ * ] FTEs), such FTEs to be allocated between the Research Programs at the discretion of the JMT. Exelixis shall have a reasonable time in which to locate resources to fill such FTE positions.