Common use of PRE-SELECTION WORK Clause in Contracts

PRE-SELECTION WORK. From time to time during the term of this Agreement, Allergan may provide ASTI with a proposed Work Plan covering one or more Pre-Selection Work projects with respect to Product Candidates which Allergan designates as Pre-Selection Products. Promptly after Allergan provides ASTI with such proposed Work Plan, ASTI shall notify Allergan of its acceptance (in whole or in part) or rejection (in whole or in part) of such proposed Work Plan. Allergan may propose to ASTI at any time that any Pre-Selection Product (including any Pre-Selection Product relating to the Pre-Selection Work referred to on Exhibit B) become an ASTI Product by complying with the procedures set forth in Section 2.2. So long as an IND has not been filed with respect to a Pre-Selection Product, Allergan may at any time, by providing notice to ASTI (the "Reversion Notice"), cause all rights with respect to such Pre-Selection Product to revert to Allergan, subject to Allergan's obligations to pay Pre-Selection Product Payments and Developed Technology Royalties.