FTE Cost definition
FTE Cost means, for any period, the FTE Rate multiplied by the applicable number of FTEs in such period.
FTE Cost means, for any period, the FTE Rate multiplied by the number of FTEs in such period.
FTE Cost means, for any period, the product of (a) the actual total FTEs (or applicable portion thereof) during such period, and (b) the FTE Rate.
Examples of FTE Cost in a sentence
Furthermore, the sum total payments made by Apollomics to reimburse E▇▇▇▇▇’s costs pursuant to this Section 4.4 (including (i) FTE Cost and out-of-pocket costs paid by Edison for conducting the Initial Clinical Trial, (ii) the Prior Payments, and (iii) all other payments due under this Amendment) shall not exceed USD $[***] without prior written consent of the Parties.
More Definitions of FTE Cost
FTE Cost means, for any period during the Term, the FTE Rate multiplied by the number of FTEs expended over such period.
FTE Cost means, with respect to any period and a Party or its Affiliate, the FTE Rate multiplied by the number of FTEs expended by such Party or its Affiliate during such period; provided that a Party shall not charge the other Party more than once for any FTE Cost if such FTE Cost is already included as a component of other expenses payable to such charging Party under this Agreement.
FTE Cost means, for any Calendar Quarter during the Research Program Term, the FTE Rate divided by 4, multiplied by the applicable number of FTEs applied during such Calendar Quarter.
FTE Cost means, for any period during the Term of this Agreement, the FTE Rate multiplied by the number of FTEs expended over such period.
FTE Cost means, for any period, the FTE Rate multiplied by the number of FTEs in such period; provided, however, that for purposes of such calculation, no individual may account for more than one FTE in any Calendar Year.
FTE Cost means, for any quarter, the FTE Rate multiplied by the sum of the number of days (calculated by adding the full and partial percentage of days) actually spent in that quarter by FTEs of a Party working directly on Research and Development of Antibody Products under the terms of this Agreement (as per their time sheets) divided by [*].
FTE Cost means the cost of an FTE based on the FTE Rate applicable to such FTE.