FTE Payments Clause Samples

FTE Payments. During the Term, Agrigenetics shall pay EPS each year the applicable FTE Rate (as defined below) for each FTE performing work under the Research Plan (excluding [ * ]) who is an employee of EPS, and Agrigenetics shall also pay EPS a one-time payment during the first Contract Year of [ * ] for [ * ]. The FTE Rate shall be deemed to include all salaries, benefits and direct and indirect costs of such FTEs, but shall not be deemed to include any Facility Expenses or capital expenditures, which shall be separately reimbursed by Agrigenetics pursuant to Sections 6.2 and 6.

FTE Payments. A. In addition to the payment due pursuant to the other paragraphs of this Section 4, PIONEER will pay to MAXYGEN, for the [*******] FTEs set forth in (P)2.1A(b), a non-refundable amount of [*******] per year during [*******] of the Research Term, commencing as of the Effective Date. B. Payments due pursuant to (P)4.13 above shall be made in advance, on or before the first day of each calendar quarter, with the first and last payments prorated in the event that the Effective Date is not the first day of a calendar quarter. In the event that the parties agree to a different Staffing Level for any given calendar quarter as set forth in (P)2.1A(b), the payment set forth in this (P)4.13 shall be pro-rated accordingly based on a level of funding of [*******] per year per FTE.

FTE Payments. Based on the budget set forth in each Joint Research Plan, Calico shall pay C4T in arrears for FTEs used by C4T in the preceding Calendar Quarter pursuant to such Joint Research Plan. C4T shall provide to Calico an invoice, on a Joint Research Plan-by-Joint Research Plan basis, setting forth the number of actual FTEs used, the FTE Rate and the amount payable. Calico shall pay such invoices within [***] after receipt of such invoice from C4T.

FTE Payments. (a) The First FTE Payment shall be made by Lilly to Arena within thirty (30) days after the Effective Date. Any reconciliation of the First FTE Payment shall be made in accordance with Section 2.2(c). (b) For all other FTE payments, Lilly shall pay to Arena an Annual FTE Payment for Arena FTEs in the amount of ********************************** ********** for each FTE. Such Annual FTE Payment shall be made quarterly within thirty (30) days of the receipt of an invoice for the previous Quarter during which the FTE work was performed, in the amount of ******************************* ********* for each FTE for each of such Quarters ("Quarterly FTE Payment"). (c) FTE Payments made hereunder shall be non-creditable and non-refundable, provided that all Arena FTE time paid for by Lilly hereunder is devoted to tasks associated with the Project as agreed to by the Parties hereunder. In the event that it is determined under Section 2.4 that one or more Arena FTEs did not devote the time

FTE Payments. TDCC shall pay DIVERSA under each Project Agreement for the ------------ FTE budget, quarterly in advance, and in the amounts as negotiated and set forth in the applicable Project Agreement. [***].

FTE Payments. In addition to the other payments due pursuant to this Article 4, the LLC will pay DIVERSA for the FTEs in the manner described in the LLC Agreement.

FTE Payments. Novartis will reimburse Cerulean at the FTE Rate for up to five FTEs engaged in Collaboration activities, as set forth in the Research Plans (including the extension of the Research Term for one or more of the Programs as contemplated by Section 2.1.2). Reimbursement will be made once per Calendar Quarter, in arrears, within [**] days after receipt of an Invoice including a summary of the FTE activities in such Calendar Quarter. For the avoidance of doubt, the FTE Rate includes all [**].

FTE Payments. ALANEX will be paid ******** per year per FTE, adjusted annually by the Consumer Price Index of San Diego, California, USA, over the preceding calendar year starting 1995 (the "FTE Rate"). Payments will be made on a prepaid quarterly basis commencing not later than one (1) month after the Effective Date. The initial number of FTE's will be ********. These will include one (1) FTE for a computational chemist, ********* FTE's for synthetic organic-medicinal chemistry, one (1) FTE for a peptide chemist, and ******* FTE's for pharmacologists to perform receptor ligand binding assays. The FTE payments and the milestone payments (if any) contemplated by Section 7 constitute the entire compensation for the services performed under this Agreement.

FTE Payments. 4.4.1 In addition to the other payments due pursuant to this Article 4, DOW will pay to DIVERSA a nonrefundable amount of [*****] Dollars per year for the [*****] FTEs set forth in Section 2.1.1