Reversion Rights definition

Reversion Rights shall have the meaning set forth in Section 4.11.

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Reversion Rights means those rights of reversion provided to Eurotech in the Assignment.

Reversion Rights. In the event an employee is promoted and is released from their probationary status in their promoted position, the employee may be returned to a 3.3.1. In the event that an employee is promoted and is released from their probationary status and subsequently is separated from the permanent classified service, he/she shall have full appeal rights as if the employee had completed permanency in his/her present class per Personnel Commission Rule, 19.

Examples of Reversion Rights in a sentence

IN VIRTUE OF THE FOREGOING, this Conveyance Agreement to the Irrevocable Administration Trust Agreement with Reversion Rights No. F/[●] is executed on [●] of 2013.
The insurance policies listed and described on Annex A to the Irrevocable Administration and Security Trust Agreement with Reversion Rights, dated the Third Amendment Closing Date, with respect to the real estate and the equipment used to operate the Four Seasons Mexico City and the Four Seasons Punta Mita which are the Company’s responsibility, are valid and effective as of the date hereof.
On [●] of 2013, the Irrevocable Administration Trust with Reversion Rights Number F/[●] (the “Trust Agreement”) was executed.
Save as expressly provided in Section 8.4.3 and Section 8.5 (Reversion Rights), termination of this Agreement for any reason shall effect the immediate and simultaneous termination of all Sublicenses and of all rights extended to the Affiliates of AMT subject to the provisions of Section 8.4.2 (GDNF Product in Stock).
In consideration of the payment of fees and royalties by WEL as set forth in Section 3 below, Eurotech hereby releases and waives the Reversion Rights, and transfers to WEL all of its rights in and to the business concept and URL's.
Institución de Banca Múltiple Grupo Financiero Banorte Attention: Trustee Division My dear sirs: We make reference to the Irrevocable Administration Trust Agreement with Reversion Rights No. [●] dated [●] of 2013 (as, it be modified, supplemented or amended and restated at any time, the “Trust Agreement”).
In the event Buyer and its Affiliates cease all research, development, and commercialization activities and other Exploitation with respect to any Product for a period of at least [**], and such cessation is not due to a fact, circumstance or requirement outside of Buyer’s reasonable control, including a requirement of a Regulatory Authority, such cessation shall be deemed a material breach of Section 5.1, and Seller shall have the right to exercise the Reversion Rights provided in Section 5.11.
No circumstance exists that would enable a Third Party to exercise any IP Reversion Rights.
Reversion Rights: On the termination of the job share arrangement, the permanent employee will revert to regular full-time hours of the position occupied.
If this Agreement is terminated with respect to a Validation Target or Collaboration Target, then, except as set forth in Section 13.7.4.4 or 13.7.5 (Reversion Rights), all such licenses will terminate only with respect to such Validation Target or Collaboration Target.

More Definitions of Reversion Rights

Reversion Rights means the rights of an employee to revert back to his/her former position in accordance with the terms and conditions of this Agreement;

Reversion Rights means those rights of reversion provided to Macrovision in the Assignment.

Reversion Rights. Should Genzyme not advance the Product using commercially reasonable efforts or discontinue development or commercialization of the Product, then all rights to the Product will revert back to Isis (the “Reversion”), including a license to or reassignment of all patent claims and transfer of all data and regulatory filings controlled by Genzyme that are necessary to develop and commercialize the Product solely for such purpose. The license will be sublicensable. Notwithstanding the foregoing, in the event that the approved label for the Product [***] that are not currently anticipated by the parties, the parties will discuss in good faith the extent to which such [***] changes the [***] for the Product. In consideration for the Reversion, Genzyme would receive a royalty on Net Revenue. Genzyme’s royalty would be (i) [***] of Net Revenue if the Reversion occurred prior to the approval of the Product in an FH indication, (ii) [***] of Net Revenue if the Reversion occurred prior to the approval of the Product for a non-FH indication, and (iii) [***] of Net Revenue if the Reversion occurred at the time of or after the approval of the Product for a non-FH indication. Notwithstanding the foregoing in no event will the total royalty payable to Genzyme exceed the aggregate amount of Program Costs that Genzyme has contributed to the Product, with interest thereon at [***] per year, net of any amounts paid for by Isis or covered by Product Revenue. Manufacture of Product Isis will supply the API for the Product for the Phase 2 clinical trials at the cost that Isis calculates on an annual basis as its fully-burdened cost. Further, Isis agrees to supply the Pivotal Trial and initial launch supply of API for the Product at its fully burdened cost, as calculate on an annual basis, which costs will be included in Program Costs and the calculation of Net Profit. The parties will enter into a supply agreement for Isis’ supply of the API for the Product which will contain mutually agreeable terms and conditions. The Parties anticipate that Genzyme will build manufacturing capability to manufacture API for commercial supply, however, Genzyme and Isis will mutually agree on the use of third parties to manufacture the Product. Indemnity Each Party will indemnify the other Party, from and against any third party claims to the extent occurring as a result of the negligence or willful misconduct of the indemnifying party; except to the extent such claims result from the gross negl...

Reversion Rights has the meaning set forth in Section 14.6.1(c).