Third Contract Year definition
Examples of Third Contract Year in a sentence
Notwithstanding the foregoing, in no event shall the annual total of the Quarterly Payments for any Contract Year give rise to any credit for any future Contract Year or any refund or right or set-off, so that only if Novartis sends more Samples in the First and Second Contract Year together or the Third Contract Year than the applicable Contract Year Minimum could there be the possibility of any credit based on this Section 3.A(f).
The JPT shall prepare the Annual Collaboration Plan (a) for the First Contract Year within thirty (30) days after the Effective Date, (b) for the Second Contract Year at least sixty (60) days prior to the commencement of such Contract Year, and (c) for the Third Contract Year and subsequent Contract Years at least ninety (90) days prior to the commencement of such Contract Year.
The JSC shall review and approve the Annual Collaboration Plan (i) for the First Contract Year within forty-five (45) days after the Effective Date, (ii) for the Second Contract Year at least thirty (30) days prior to the commencement of such Contract Year, and (iii) for the Third Contract Year and subsequent Contract Years at least sixty (60) days prior to the commencement of such Contract Year.
The Clearview Group may exercise the Option by delivering to the GG Group a written notice (the "Option Notice") either (a) within the thirty-day period immediately following the end of each of the Second Contract Year, the Third Contract Year, the Fourth Contract Year, or the Fifth Contract Year or (b) within any Exercise Period (as defined in Section 9.2(b)).
In addition, any “freight prepaid” prices shall include any freight and terminal costs then in effect and shall be subject to freight and terminal increases as they occur.* - Third Contract Year: Material prices to be agreed in writing by the parties; provided that, excluding any freight and terminal costs, the material price increase or price decrease for each product over that in effect during the immediately preceding Contract Year shall be no more than [***] in either case.
Further, if during the First and Second Contract Year together or the Third Contract Year the number of Samples provided by Novartis exceed the applicable Contract Year Minimum, then Institution shall bill Novartis for FIRST AMENDMENT any excess Samples when the Services are performed on such Sample.
The parties anticipate that the combined total personnel the parties will commit to the Research Program will start at an average of [**] FTEs for the First Contract Year and will escalate to an average of [**] FTEs for the Second Contract Year, [**] FTEs in the Third Contract Year and [**] FTEs for the Fourth Contract Year (i.e., these are the expected number of FTEs to be included in the Research Program Costs).
Once the Customer has achieved the AVC in the Third Contract Year, regardless of whether the agreement term has not yet expired.
During the Third Contract Year, EDS will generally be responsible for providing the Operational Services performed during the Second Contract Year.
Upon the terms and subject to the conditions set forth in this Agreement, Employer shall pay or cause to be paid to Executive a base salary (“Base Salary”) in the following amounts: (i) $830,000 during the First Contract Year; (ii) $855,000 during the Second Contract Year; (iii) $880,000 during the Third Contract Year; and (iv) $905,000 during the Fourth Contract Year.