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.
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).
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. 4.4.1 In addition to the other payments due pursuant to this Article 4, DOW will pay to DIVERSA a nonrefundable amount of Three Million Six Hundred Thousand (US$3,600,000) Dollars per year for the 12 FTEs set forth in Section 2.1.1(d) for each of the three years of the Research Term, commencing as of the Effective Date.
FTE Payments. 4.4.1 In addition to the other payments due pursuant to this Article 4, DOW will pay to DIVERSA a nonrefundable amount of [*****] Dollars per year for the [*****] FTEs set forth in Section 2.1.1(d) for each of the [*****] years of the Research Term, commencing as of the Effective Date.
FTE Payments. 4.4.1 In addition to the other payments due pursuant to this Article 4, TDCC shall pay to DIVERSA:
FTE Payments. During the First Extension Year Merck shall pay Company the FTE Rate [**]. Payments will be calculated and made for each Calendar Quarter equal to [**].
FTE Payments. Assuming MethylGene remains in compliance with its FTE obligations set forth in the R&D Plan as well as its other funding obligations under this Article V, and subject to the last sentence of Section 6.1.4, EVP shall pay MethylGene US$[…***…] for […***…] FTEs (the “FTE Payments”), as follows: (1) US$[…***…] on or before […***…] from the Effective Date, (2) US$[…***…] on or before […***…], (3) US$[…***…] on or before […***…] and (4) US$[…***…] on or before […***…]. Such FTE Payments shall not be deemed Research and Development Costs of EVP.
FTE Payments. Novartis shall make all payments for FTE support under the Research Plan to Hybridon quarterly in arrears within [**] after receipt by Novartis of Hybridon's Invoice for the same. All payments shall be made without deduction for withholding or other similar taxes, in U.S. dollars to the credit of such bank account as may be designated by Hybridon in writing to Novartis. Any payments which fall due on a date which is a legal holiday in Bermuda, Switzerland or the United States may be made on the next following day which is not a legal holiday in the Bermuda, Switzerland or the United States.
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.
