Common use of Phase-In Projects Clause in Contracts

Phase-In Projects. The Parties agree to implement each Company Process at the applicable Facilities in accordance with the program schedule set forth in the corresponding Process Supplement. With respect to each Process Supplement, the Parties contemplate that each of several project schedules to such Process Supplement will document each new phase in process Technology transfer project, and be executed pursuant to this Agreement (each a “Process Project Schedule”). Each Process Project Schedule shall at a minimum include or identify: (i) a description of the Company Technology and the Foundry Technology to be transferred, (ii) a brief description and definition of the transfer project; (iii) the Parties respective Project Managers (defined below); (iv) the identify, number and/or qualifications of the Parties respective personnel to be assigned to the project (the “Transfer Team”); (v) a detailed statement of the resources to be contributed by each Party for such project (the “Transfer Resources”); (vi) a detailed technical specification and corresponding process qualification, acceptance and testing procedure; (vii) a reasonably detailed description of the work to be performed under the project, either in the Process Project Schedule or a separate statement of work, setting forth all applicable due dates, project deliverables, acceptance tests and a list of progress payments, if any, as well as the Parties respective tasks, contributions and responsibilities; and (viii) all other fees and reimbursable expenses, if any.