Initial Research Program definition
Examples of Initial Research Program in a sentence
Each such one (1) year extension shall be requested by Juno in writing no later than (a) with respect to the first extension, [**] months prior to the expiration date of the Initial Research Program Term, and (b) with respect to the second extension, [**] months prior to the expiration of the first extension.
The Initial Research Program Term may be extended for up to two (2) additional one (1) year periods (seven (7) years total).
The Work Plans for each Initial Research Program are attached hereto as Exhibit A.
Except as otherwise provided herein, the Research Program Term shall commence on the Effective Date and continue for a period of one (1) year (the "Initial Research Program Term").
Without limiting Section 13.3, Merck shall not have the right to terminate early the Research Program for convenience; it being understood that Merck shall not be obligated to extend the Research Program beyond the Initial Research Program Term.
The Initial Research Program Term shall commence on the Effective Date and continue for three (3) years thereafter.
The Parties may extend the term of the Initial Research Program by mutual written agreement of the authorized representative of the Parties, and shall, in such case, amend Schedules 2.1 and 5.1, as applicable.
In consideration for AVEO’s performance of its obligations under the Research Program, upon the terms and conditions contained herein, MERCK shall pay AVEO an amount equal to Four Million U.S. Dollars ($US 4,000,000.00), of which Two Million U.S. Dollars ($US 2,000,000.00) shall be payable during each of the two (2) years during the Initial Research Program Term.
The Project Leaders shall be the primary contact between the Parties with respect to the Initial Research Program.
This Agreement shall be effective as of the Effective Date and unless terminated earlier pursuant to Sections 8.2 or 8.3 below, this Agreement shall continue in effect until the end of the Initial Research Program Term.