Common use of Collaboration Activity Termination Clause in Contracts

Collaboration Activity Termination. Each Party will perform its respective activities for a given R&D Program as set forth in the R&D Plan for such R&D Program until the earlier to occur of [***]. Subject to Moderna’s obligation to supply Merck with Moderna mRNA API and/or Drug Product as set forth in Section 4, all Development work performed hereunder by Moderna will terminate upon the expiration of the R&D Term, unless Moderna will perform Development activities to support Merck’s Development of Product Candidates during the Post-R&D Period pursuant to Section 2.14(b).

Collaboration Activity Termination. Each Party will perform its respective activities for a given R&D Program as set forth in the R&D Plan for such R&D Program until the earlier to occur of [***]. Subject to Moderna’s obligation to supply Merck with Moderna mRNA API and/or Drug Product as set forth in Section 4, all Development work performed hereunder by Moderna will terminate upon the expiration of the R&D Term, unless Moderna will perform Development activities to support MerckXxxxx’s Development of Product Candidates during the Post-R&D Period pursuant to Section 2.14(b).