Additional Co-Development Options Sample Clauses

Additional Co-Development Options. In addition to the rights granted to Merus in connection with the [*] Co-Development Option, Merus shall have the option to co-fund Development of Licensed Products arising from up to [*] additional Programs (each, an “Additional Co-Development Option”) under this Agreement as follows: (i) Provided that [*] Novel Programs [*], Merus shall have the right to exercise an Additional Co-Development Option for the [*] Novel Program (including any Novel Program selected after Program 1, Program 2 or all [*] Programs become Dropped Programs) under this Agreement [*] during the Research Term. (ii) During the Research Term, if [*] becomes a Dropped Program, then, Merus shall have the right to exercise an Additional Co-Development Option for the Novel Program (which may cover a [*] Target Pair if included under the Novel Program Cap) that is the [*] Novel Program (including in such count the Program that replaces [*], any Novel Program that [*] and any Novel Program that replaces [*] Programs) under this Agreement [*] during the Research Term.