Research Program Payment Schedule Clause Samples

Research Program Payment Schedule. Subject to Section 5.2, Sunesis shall commit ten (10) Sunesis FTE’s, at it own expense, to conduct the Research Program during the initial Research Term, unless otherwise mutually agreed. Biogen shall commit the number of Biogen FTE’s called for in the Research Plan to conduct the Research Program, at its own expense, during the Research Term. With respect to any additional Sunesis FTE’s called for in the Research Plan with respect to the Primary Target, Biogen agrees to pay Sunesis research funding for Sunesis’ conduct of the Research Program quarterly, in advance, prior to the first day of each calendar quarter, in an amount equal to the number of such additional Sunesis FTEs called for in the Research Plan for the applicable quarter (i.e., the number of Sunesis FTE’s in excess of the ten (10) above) multiplied by the Sunesis FTE rate (as defined in Section 5.1.3).