Common use of FTE Costs Clause in Contracts

FTE Costs. Each Party shall record and account for its FTE Costs and its out-of-pocket costs for the Development activities and shall report such costs to the JDC on a Calendar Quarter basis, in each case, in a manner that allocates costs to the extent possible to a specific activity in the applicable Collaboration Development Plan and Budget. Out-of-pocket costs allocable to Development Costs, but otherwise included within FTE Costs, shall not be charged separately as Development Costs.

FTE Costs. Each Party shall record and account for its FTE Costs and its out-of-pocket costs for the Initial Development activities Activities and Joint Development Activities and shall report such costs to the JDC on a Calendar Quarter quarterly basis, in each case, in a manner that allocates costs to the extent possible to a specific activity in the applicable Collaboration Development Plan and Budget. Out-of-pocket costs allocable to Development Collaboration Costs, but otherwise included within FTE Costs, shall not be charged separately as Development Collaboration Costs.