Common use of CHANGE IN PRINCIPAL INVESTIGATORS Clause in Contracts

CHANGE IN PRINCIPAL INVESTIGATORS. In the event that Dr. Crystal dies, becomes disabled such that he cannot continue his employment at the Medical College, terminates his employment at the Medical College, or his employment at the Medical College is otherwise terminated, either party to this Agreement shall have the option to terminate this Agreement and the Sponsored Research in the manner provided in Section 8. If Xx. Xxxxxxx dies, becomes disabled such that he cannot continue his employment at the Medical College, terminates his employment at the Medical College, or his employment at the Medical College is otherwise terminated, or otherwise is unable or unwilling to continue to serve as co-Principal Investigator with respect to the Sponsored Research, the successor to Xx. Xxxxxxx as Chairman shall serve as co-Principal Investigator with Dr. Crystal, unless the University shall have designated another member of its faculty reasonably acceptable to Sponsor and to Dr. Crystal to serve as the co-Principal Investigator with Dr. Crystal; provided, however, that if such Chairman or other faculty member has any consulting or other commercial relationship with a competitor of Sponsor in the gene therapy field, the University, upon notice of objection from Sponsor, shall designate another member of its faculty, reasonably acceptable to Sponsor and Dr. Crystal, without such relationship, to serve as co-Principal Investigator.

CHANGE IN PRINCIPAL INVESTIGATORS. In the event that Dr. Crystal dies, becomes disabled such that he cannot continue his employment at the Medical College, terminates his employment at the Medical College, or his employment at the Medical College is otherwise terminated, either party to this Agreement shall have the option to terminate this Agreement and the Sponsored Research in the manner provided in Section 8. If Xx. Xxxxxxx dies, becomes disabled such that he cannot continue his employment at the Medical College, terminates his employment at the Medical College, or his employment at the Medical College is otherwise terminated, or otherwise is unable or unwilling to continue to serve as co-Principal Investigator with respect to the Sponsored Research, the successor to Xx. Xxxxxxx as Chairman shall serve as co-Principal Investigator with Dr. Crystal, unless the University shall have designated another member of its faculty reasonably acceptable to Sponsor and to Dr. Crystal to serve as the co-co- Principal Investigator with Dr. Crystal; provided, however, that if such Chairman or other faculty member has any consulting or other commercial relationship with a competitor of Sponsor in the gene therapy field, the University, upon notice of objection from Sponsor, shall designate another member of its faculty, reasonably acceptable to Sponsor and Dr. Crystal, without such relationship, to serve as co-Principal Investigator.