Common use of Product Roadmap Clause in Contracts

Product Roadmap. (a) [**] roadmap [**] (the “Product Roadmap”). Tech acknowledges and agrees that, at a minimum, the Product Roadmap shall include the [**] Enhancements set forth in Section 2.3(a). (b) With respect to [**] Enhancements, the Product Roadmap shall include, at a minimum, the completion dates for particular [**] Enhancements, any interim milestones applicable to the development, and an indication as to how the Annual Enhancement Value (as that term is defined in Section 2.7 below) will be allocated amongst such [**] Enhancements. Tech shall develop [**] Enhancements in accordance with the Product Roadmap and must deliver the [**] Enhancements to Bank for acceptance testing pursuant to Section 2.9 by the Delivery Date. In the event Tech fails to deliver the [**] Enhancements for acceptance testing by the Delivery Date, Bank shall be entitled to [**] until the [**] Enhancements are accepted by Bank. If Tech delivers the [**] Enhancements to Bank for acceptance testing prior to the Delivery Date such that Bank conducts acceptance testing after the Delivery Date, then, in the event the [**] with the functional business requirements pursuant to Section 2.9, Bank shall be entitled to [**], which shall apply retroactively to the Delivery Date, until the [**] Enhancements are accepted by Bank. Either of the foregoing conditions giving rise to Bank’s entitlement to a [**] shall be a material breach of this Services Agreement and Bank, at its option, may immediately terminate this Services Agreement upon either of the foregoing conditions being met, in addition to other remedies available to it pursuant to this Services Agreement or otherwise. (c) Any [**] to which Bank is entitled as a result of the terms of this Section 2.2 shall be determined as follows: (i) for the first month following the Delivery Date, the [**]; (ii) for the month following the first month, the [**]; and (iii) for each month thereafter, the [**]. In the event Bank accepts a [**] Enhancement prior to the expiration of a complete month according to the foregoing schedule, the [**] due hereunder for that month shall be pro-rated to the date of acceptance by Bank. (d) Following acceptance of the [**], Tech shall establish a [**] on which Bank shall have a permanent seat, which shall meet on a quarterly basis with Tech’s senior product management executives for the PayMode business. Subject to Section 2.3(b), the [**] with respect to the development of any [**] and may make modifications and additions to the [**] as it relates to [**]. With respect to [**], the [**] shall include, at a minimum, the anticipated completion dates for particular [**] and, if applicable, an indication as to how the Annual Enhancement Value will be allocated amongst such [**]. In the event the Parties agree that the [**] will be established prior to the acceptance of the [**], the [**] shall have no authority to modify or eliminate any [**] set forth in Section 2.3(a) or to change the [**] with respect to [**], unless agreed to in writing by Bank.

Product Roadmap. (a) [**] roadmap [**] (the “Product Roadmap”). Tech acknowledges and agrees that, at a minimum, the Product Roadmap shall include the [**] Enhancements set forth in Section 2.3(a). (b) With respect to [**] Enhancements, the Product Roadmap shall include, at a minimum, the completion dates for particular [**] Enhancements, any interim milestones applicable to the development, and an indication as to how the Annual Enhancement Value (as that term is defined in Section 2.7 below) will be allocated amongst such [**] Enhancements. Tech shall develop [**] Enhancements in accordance with the Product Roadmap and must deliver the [**] Enhancements to Bank for acceptance testing pursuant to Section 2.9 by the Delivery Date. In the event Tech fails to deliver the [**] Enhancements for acceptance testing by the Delivery Date, Bank shall be entitled to [**] until the [**] Enhancements are accepted by Bank. If Tech delivers the [**] Enhancements to Bank for acceptance testing prior to the Delivery Date such that Bank conducts acceptance testing after the Delivery Date, then, in the event the [**] with the functional business requirements pursuant to Section 2.9, Bank shall be entitled to [**], which shall apply retroactively to the Delivery Date, until the [**] Enhancements are accepted by Bank. Either of the foregoing conditions giving rise to Bank’s entitlement to a [**] shall be a material breach of this Services Agreement and Bank, at its option, may immediately terminate this Services Agreement upon either of the foregoing conditions being met, in addition to other remedies available to it pursuant to this Services Agreement or otherwise. (c) Any [**] to which Bank is entitled as a result of the terms of this Section 2.2 shall be determined as follows: (i) for the first month following the Delivery Date, the [**]; (ii) for the month following the first month, the [**]; and (iii) for each month thereafter, the [**]. In the event Bank accepts a [**] Enhancement prior to the expiration of a complete month according to the foregoing schedule, the [**] due hereunder for that month shall be pro-rated to the date of acceptance by Bank. (d) Following acceptance of the [**], Tech shall establish a [**] on which Bank shall have a permanent seat, which shall meet on a quarterly basis with Tech’s senior product management executives for the PayMode business. Subject to Section 2.3(b), the [**] with respect to the development of any [**] and may make modifications and additions to the [**] as it relates to [**]. With respect to [**], the [**] shall include, at a minimum, the anticipated completion dates for particular [**] and, if applicable, an indication as to how the Annual Enhancement Value will be allocated amongst such [**]. In the event the Parties agree that the [**] will be established prior to the acceptance of the [**], the [**] shall have no authority to modify or eliminate any [**] set forth in Section 2.3(a) or to change the [**] with respect to [**], unless agreed to in writing by Bank.of