Annual Funding Amount. Each year during the first four years of the Original Collaborative R&D Period, PEPSICO will pay SENOMYX annual funding as follows: ● […***…] for the Synthetic Enhancing Compound Program ● […***…] for the Natural Sweetener Compound Program; and ● […***…] for the Natural Enhancing Compound Program. Beginning after the Amended Effective Date, PEPSICO will pay SENOMYX annual funding for the period of time beginning October 1, 2016 as follows: ● […***…] for the Natural Sweetener Compound Program and the Natural Enhancing Compound Program. ● […***…] for the Natural Sweetener Compound Program and the Natural Enhancing Compound Program if the Extension Option is exercised by PEPSICO. All such funding amounts shall be used by SENOMYX to perform the agreed activities allocated to SENOMYX as outlined in the Research Plans and shall be non-refundable and non-creditable. The parties recognize that the funding quoted above for the program work performed after the Amended Effective Date is based on an assumption of […***…] from the […***…] PepsiCo Library estimated to be approximately […***…]. Should the auditor identify the […***…] PepsiCo Library to be less than […***…]% of the estimate, then the parties will mutually revise the funding amounts for the programs conducted after the Amended Effective Date, any such adjustments shall take effect beginning on the first day of the quarter following the receipt of the auditor’s report. Notwithstanding the foregoing, in no event shall the funding amounts for the programs conducted after the Amended Effective Date be less than […***…] per year.
Annual Funding Amount. The Commission will pay to the County under the City Agreement for payment to Palcare under this Agreement up to the maximum Quarterly Payment Amounts and maximum Annual Funding Amounts set forth below to subsidize Airport-based Employee childcare costs at Palcare for verifiable subsidy costs incurred during the applicable fiscal quarter and year, as described in paragraphs B. through E. below. Fiscal Year Maximum Quarterly Payment Amount Maximum Annual Funding Amount 2018-19 $275,000 $1,100,000 2019-20 $275,000 $1,100,000 2020-21 $275,000 $1,100,000 2021-22 $300,000 $1,200,000 2022-23 $325,000 $1,300,000
Annual Funding Amount. The Commission will pay up to $306,500 (the “Annual Funding Amount”) during fiscal year 2008-09 to the County to subsidize Airport- based Employee childcare costs at Palcare for verifiable subsidy costs incurred between July 1, 2008 and June 30, 2009, as described in paragraphs B. through E. below. The Annual Funding Amount for each subsequent fiscal year (starting July 1) shall be equal to the Annual Funding Amount in the prior fiscal year adjusted by the percentage increase in the Index (which annual percentage increase shall not be less than zero (0%) or greater than seven percent (7%) for any given year), rounded to the nearest dollar, unless the parties agree to a different Annual Funding Amount by amendment to this Agreement. The maximum quarterly payment amount in Sections 3 and 4 shall be increased by the same percentage increase in the Index.
Annual Funding Amount. Each year during the first four years of the applicable Collaborative R&D Period, PEPSICO will pay SENOMYX annual funding as follows: · [***] for the Synthetic Enhancing Compound Program · [***] for the Natural Sweetener Compound Program; and · [***] for the Natural Enhancing Compound Program. At the end of the [***] of the applicable Collaboration R & D Period, and [***] during the applicable Collaboration R & D Period, the Steering Committee will [***]. All such funding amounts shall be used by SENOMYX to perform the agreed activities allocated to SENOMYX as outlined in the Research Plans and shall be non-refundable and non-creditable.
