Clinical Milestone. Within thirty (30) days of the achievement of the Phase II Milestone Event (as defined in the Equity Agreement), Ampliphi will pay to Intrexon, according to the timelines and procedures set forth in the Equity Agreement, one of the following: (i) [*****] in cash, or (ii) the Phase II Milestone Shares (as defined in the Equity Agreement).
Appears in 3 contracts
Samples: Collaboration Agreement (AmpliPhi Biosciences Corp), Exclusive Channel Collaboration Agreement (Intrexon Corp), Exclusive Channel Collaboration Agreement (Intrexon Corp)
Clinical Milestone. Within thirty (30) days of the achievement of the Phase II Milestone Event (as defined in the Equity Agreement), Ampliphi will pay to Intrexon, according to the timelines and procedures set forth in the Equity Agreement, one of the following: (i) [*****] two and one-half million dollars ($2.5M) in cash, or (ii) the Phase II Milestone Shares (as defined in the Equity Agreement).
Appears in 1 contract
Samples: Channel Collaboration Agreement (AmpliPhi Biosciences Corp)