Common use of FTE Funding Clause in Contracts

FTE Funding. The FTE funding to be provided by ▇▇▇▇▇ shall be based on the FTE Rate and actual hours worked by Zymeworks FTEs on the Research Program, including for purposes of any needed design cycle iterations and any initial rounds of cloning and expression work in which Zymeworks participates, as supported by approved time sheets for such FTEs coded to the Research Program after review and approval by ▇▇▇▇▇, such approval not to be unreasonably withheld. For clarity, ▇▇▇▇▇ shall provide Zymeworks funding for all Zymeworks FTEs engaged in the Research Program; provided that ▇▇▇▇▇ shall not be responsible for funding more than three (3) FTEs in any given month during the Research Program Term, unless otherwise agreed by ▇▇▇▇▇ in writing (such agreement not to be unreasonably withheld).