Common use of FTE Payments Clause in Contracts

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.