Optional Targets Clause Samples
Optional Targets. Subject to timely payment of its obligations set forth in Article 8 (including the project initiation fee set forth in Section 8.1(b) and the payments required in Sections 8.3, 8.4, 8.5 and 9.3) and provided that all *** Initial Targets have been designated by Athena and the Research Programs covering such Initial Targets are or have been active, during the Research Period, Athena may designate (by providing written notice in the manner described in Section 3.1) *** additional Proposed Targets (or other Targets as may be mutually agreed) as Optional Targets, with the Research Program for each such Optional Target to begin within ninety (90) days of such written notification or as mutually agreed by the parties; it being understood that the Project Teams shall work on Optional Targets as directed by the RMC. The project initiation fee set forth in Section 8.1(b) shall include *** Optional Targets. Upon such designation, the RMC shall establish the specific scientific achievements (to be mutually agreed between CombiChem and Athena) for such Optional Target and the same shall be designated as an Optional Target for the Collaboration and subject to the terms (including the commercial terms) of this Agreement.
Optional Targets. During the Collaboration Term, RBS may add up to *** additional Targets to the Collaboration as Optional Targets with the Research Program for such Optional Target to begin with ninety (90) days of notification or as mutually agreed by the parties. If RBS is interested in adding a Target to the Collaboration, RBS shall notify CCI in writing that it wishes to make such Target an Optional Target. If CCI has delivered a term sheet to any Third Party and remains engaged in discussions to enter into a binding agreement with such Third Party with respect to the proposed Target at the time of notification, CCI shall inform RBS that such proposed Target is not available. Otherwise CCI shall negotiate with RBS in good faith, based upon reasonable scientific judgment, to add such Target as an Optional Target. The RMC will establish the specific scientific achievements for such Target that correspond to (i) the Milestone Structure Schedule in Appendix A and (ii) the commercial terms of Appendix C. Any such scientific achievements must be mutually-agreed between RBS and CCI within *** of delivery of such notification and upon such agreement, such Target may be added to the Collaboration as an Optional Target. Mutual agreement under this Section 4.2 and under Section 4.3 shall mean the agreement of RBS and CCI without recourse to the dispute resolution mechanism set forth in Section 7. 1.
Optional Targets. During the Collaboration Term, RBS may add up to *** additional Targets to the Collaboration as Optional Targets with the Research Program for such Optional Target to begin with ninety (90) days of notification or as mutually agreed by the parties. If RBS is interested in adding a Target to the Collaboration, RBS shall notify CCI in writing that it wishes to make such Target an Optional Target. *** *** *** *** ***. *** . The RMC will establish the specific scientific achievements for such Target that correspond to (i) the Milestone Structure Schedule in Appendix A and (ii) the commercial terms of Appendix C. Any such scientific achievements must be mutually-agreed between RBS and CCI *** *** , such Target may be added to the Collaboration as an Optional Target. Mutual agreement under this Section 4.2 and under Section 4.3 shall mean the agreement of RBS and CCI without recourse to the dispute resolution mechanism set forth in Section 7. 1.
4.3.1 Related Targets for the Initial Targets will be identified and agreed upon by RBS and CCI and will be detailed in a Appendix B. *** for the *** identified and agreed upon by RBS and CCI prior to commencement of the Research Program for such Optional Target, *** *** *** Portions of this page have been omitted pursuant to a request for Confidential Treatment and filed separately with the Commission.