Ongoing Research Support Clause Samples

Ongoing Research Support. Licensee shall provide CSMC with ongoing research support as more particularly set forth in the Research Agreement attached hereto as Schedule G. Notwithstanding anything to the contrary contained in CSMC’s “Guidelines on Institutional Acceptance of Equity as Part of Licensing Transactions”, CSMC expressly agrees that the Inventors may hold one or more management positions at Licensee and may be appointed to, and act as members of, the Board of Directors of Licensee at all times during the term of this Agreement, subject to compliance with the “Full Time Faculty Consulting Guidelines” of CSMC. In addition, Licensee acknowledges that each Inventor, in his or her capacity as an employee of CSMC, shall continue to seek research funding after the Effective Date from Funding Agencies and nonprofit organizations, as appropriate, in connection with the conduct of the Program at CSMC conducted under the direction of the Inventors as the principal investigators.