Common use of Development Plan and Development Budget Clause in Contracts

Development Plan and Development Budget. Promptly following the designation of a Collaboration Lead Compound pursuant to Section 3(b), the JDC shall initiate preparation of the development plan for the Development (the "Development Plan") and a budget (the "Development Budget") for proposed Development Costs (as defined in Section 3(f)). The initial Development Plan shall set time lines and priorities for the various Development activities through [ * ] and identify which Party, or whether a Third Party, is to be responsible for each activity. The budget for each development program shall include a detailed short-term budget covering all proposed Development Costs of [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.