Common use of Optional Targets Clause in Contracts

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.