Common use of Obligations of Management Clause in Contracts

Obligations of Management. Each officer of the Company is currently devoting substantially all of his or her business time to the conduct of the business of the Company. The Company is not aware that any officer of the Company is planning to work less than full time at the Company in the future. No officer or Company employee working on a Research Program with the Purchaser or GlaxoSmithKline LLC is currently working or, to the Company’s knowledge, plans to work for a competitive enterprise, whether or not such officer is or will be compensated by such enterprise.

Obligations of Management. Each officer of the Company is currently devoting substantially all of his or her business providing full-time services to the conduct of the business of the Company. The Company is not aware has no knowledge that any officer of the Company is planning to work less than full time at the Company in the future. No officer or Company employee working on a Research Program with the Purchaser or GlaxoSmithKline LLC is currently working or, to To the Company’s knowledge, no officer is currently working or plans to work for a competitive enterprise, whether or not such officer is or will be compensated by such enterprise.

Obligations of Management. Each officer of the Company is a full-time employee of the Company and is currently devoting substantially all one hundred percent (100%) of his or her business time to the conduct of the business of the Company. The Company is has not aware received notice that any officer or key employee of the Company is planning to work less than full time at the Company in the future. No officer or Company employee working on a Research Program with the Purchaser or GlaxoSmithKline LLC is currently working or, to the Company’s knowledge, plans to work for a competitive enterprise, whether or not such officer is or will be compensated by such enterprise.

Obligations of Management. Each officer of the Company and its Subsidiaries is currently devoting substantially all of his or her business time to the conduct of the business of the Company. The To the Knowledge of the Company, the Company is not aware that of any officer or key employee of the Company is planning who presently intends to work less than full time at the Company in the future. No officer or Company employee working on a Research Program with the Purchaser or GlaxoSmithKline LLC is currently working or, to the Company’s knowledge, plans to work for a competitive enterprise, whether or not such officer is or will be compensated by such enterprise.

Obligations of Management. Each officer of the Company is currently devoting substantially all of his or her business full-time to the conduct of the business of the Company. The Company is not aware that of any officer or key employee of the Company is planning to work less than full full-time at the Company in the future. No officer or Company employee working on a Research Program with the Purchaser or GlaxoSmithKline LLC is currently working or, to the Company’s knowledge, plans to work for a competitive enterprise, whether or not such officer is or will be compensated by such enterprise.

Obligations of Management. Each officer of the Company is currently devoting substantially all of his or her full business time to the conduct of the business of the Company. The Company is not aware that any of an officer or key employee of the Company is planning to work less than full time at the Company in the future. No officer or director of the Company employee working on a Research Program is an officer, director or affiliate of any entity that competes with the Purchaser or GlaxoSmithKline LLC is currently working or, to the Company’s knowledge, plans to work for a competitive enterprise, whether or not such officer is or will be compensated by such enterprise.

Obligations of Management. Each To the Company’s Knowledge, each officer of the Company is currently devoting substantially all of his or her business time to the conduct of the business of the Company. The Company is not aware that any officer of the Company is planning to work less than full time at the Company in the future. No To the Company’s Knowledge, no officer or Company employee working on a Research Program with the Purchaser or GlaxoSmithKline LLC is currently working or, to the Company’s knowledgeKnowledge, plans to work for a competitive enterprise, whether or not such officer is or will be compensated by such enterprise.