BESC definition
Examples of BESC in a sentence
All current Head Caretakers, in BESC designated buildings are required to enrol in the BESC program.
Any employees who post into these positions shall be required to enrol in the BESC Program.
The lead licensing institution shall not license BESC IP outside of the Core Technology areas, except with the concurrence of the IP owner(s), allowing those owners to license to third parties in fields other than Core Technologies at their sole discretion.
Subject to DOE approval, a list will be mutually developed of the types of data first produced by the BESC that must be immediately released to the public.
On behalf of the IP owners, the lead licensing institution will manage all licensing matters, including contract management, licensing income distribution within BESC (according to allocation decisions made by the BESC IP/Licensing Investment Committee) and to each IP owner, and reporting.
It is the intention of the BESC that the fruits of its research be widely and promptly disseminated, with a goal of maximizing the impact of the research and its long-term benefit to the U.S. and to society.
The Parties agree that the exchange of INFORMATION under this NDA will be for the purpose of facilitating research collaboration under the BESC and the commercialization of technology for the development of cellulosic ethanol and other biofuels.
For industrial team members who intend to utilize their own IP in their own commercial activities, such IP will be available for licensing to third parties by a BESC lead licensing institution if the industrial team member is not meeting a contractually agreed to business plan to commercialize such inventions.
BESC members will enter into a separate inter-institutional (IIA) licensing/royalty-sharing / commercialization agreement with ORNL for the implementation of centralized licensing, except for BESC IP subject to the DMLA or DMSRA and subsequent royalty distributions, subject to the provisions of paragraph 8b below.
However, the warrant transactions could separately have a dilutive effect to the extent that the market value per share of our common stock exceeds the applicable strike price of the warrants.