Research Plans and Development Phase Plan Sample Clauses

Research Plans and Development Phase Plan. 2.1.1 The first two quarters of the Option Period Research Program will be conducted pursuant to the Option Period Research Plan annexed as Exhibit A. The third, fourth and fifth quarters of the Option Period Research Program shall be conducted pursuant to a further Option Period Research Plan prepared and approved by the Research Management Committee in accordance with the funding stipulations set forth in Section 3.1 hereof and set forth with the minutes of the Research Management Committee. 2.1.2 No later than forty-five (45) days before the end of the Option Period, HMRI will notify OSI in writing whether HMRI elects (a) to participate in the