Neuromed definition
Examples of Neuromed in a sentence
All payments due hereunder will be made in United States dollars and, unless otherwise agreed in writing, will be made by wire transfer to such bank as Neuromed may designate in writing.
By: Name: Title: GUARANTY (this “Guaranty”), dated as of June 11, 2009 by Covidien International France S.A., a corporation organized and existing under the laws of Luxembourg (“Guarantor”), in favor of Neuromed Development Inc., a corporation organized and existing under the laws of Barbados (“Neuromed”).
Mallinckrodt is entering into a transaction with an affiliate of the Guarantor, Neuromed Development Inc.
Neuromed shall conduct any Development efforts in accordance with the Development Plan, using Commercially Reasonable Efforts and at Mallinckrodt’s cost and expense as provided herein.
Neuromed will use good faith, diligent efforts to complete all the tasks covered by the Development Plan within such maximum amount of reimbursement.
Neuromed shall not be obligated to conduct Development tasks or efforts beyond those tasks set forth in the Development Plan.
All Neuromed Personnel performing Development work or providing Transition Services under this Agreement will be deemed to be employees or representatives solely of Neuromed (or its Affiliates) for purposes of all compensation and employee benefits and not to be employees or representatives of Mallinckrodt.
In consideration for the Transition Services to be performed by Neuromed, Mallinckrodt shall pay Neuromed internal, at the applicable portion FTE Rate based on the actual amount of time any given individual is engaged in the performance of Transition Services, and external costs incurred by Neuromed in performing the Transition Services, as reflected in monthly invoices to Mallinckrodt.
Mallinckrodt may elect to suspend or not to receive any of the Transition Services at any time, with or without cause, upon written notice to Neuromed.
If the Parties agree that Neuromed shall undertake any specific Additional Development Efforts, Mallinckrodt and Neuromed shall amend the Development Plan to reflect such Additional Development Efforts, and Mallinckrodt shall reimburse Neuromed for all such Additional Development Efforts undertaken under such amended Development Plan (in accordance with the applicable procedures set forth in Section 2.3 and even if the costs of such efforts exceed the limitation in Section 2.3).