Common use of Changes to Principal Investigators Clause in Contracts

Changes to Principal Investigators. If the Applicant is a Post-secondary Institution and if the Application identified a Principal Investigator, the Applicant shall promptly provide Notice to Alberta Innovates if the relationship between the Applicant and the Principal Investigator is changing or terminating for any reason such that the Principal Investigator will no longer be leading the Project. If the Applicant’s internal policies and arrangements with the Principal Investigator would allow it to appoint a different Principal Investigator, then the Applicant may seek Alberta Innovates’ approval for such appointment in accordance with the Changes and Review Procedure in Article 6. If the Applicant is aware that the Principal Investigator is entering a substantively similar relationship with another Post-secondary Institution, and provided that the Freedom of Information and Protection of Privacy Act (Alberta) would permit such disclosure, the Applicant shall promptly provide Notice to Alberta Innovates of such new relationship. If so requested by Alberta Innovates in its sole discretion, the Applicant shall thereafter take reasonable steps to facilitate the assignment of this Investment Agreement to such new Post- secondary Institution such that the Principal Investigator may continue to pursue the Project.

Changes to Principal Investigators. If the Applicant is a Post-secondary Institution and if the Application identified a Principal Investigator, the Applicant shall promptly provide Notice to Alberta Innovates if the relationship between the Applicant and the Principal Investigator is changing or terminating for any reason such that the Principal Investigator will no longer be leading the Project. If the Applicant’s internal policies and arrangements with the Principal Investigator would allow it to appoint a different Principal Investigator, then the Applicant may seek Alberta Innovates’ approval for such appointment in accordance with the Changes and Review Procedure in Article 6. If the Applicant is aware that the Principal Investigator is entering a substantively similar relationship with another Post-Post- secondary Institution, and provided that the Freedom of Information and Protection of Privacy Act (Alberta) would permit such disclosure, the Applicant shall promptly provide Notice to Alberta Innovates of such new relationship. If so requested by Alberta Innovates in its sole discretion, the Applicant shall thereafter take reasonable steps to facilitate the assignment of this Investment Agreement to such new Post- Post-secondary Institution such that the Principal Investigator may continue to pursue the Project.