Common use of Research Program Expenditures Clause in Contracts

Research Program Expenditures. During the Term of the Research Program, GenVec shall provide Warner with a quarterly accounting report regarding Research Program expenditures by GenVec in the preceding quarter. GenVec shall keep records of all expenses incurred in connection with the Research Program, and annually during the Research Program within sixty (60) days following the end of each calendar year shall provide Warner with a report describing GenVec's actual average Scientific FTE cost during the preceding year, and the number of Scientific FTEs utilized in the Research Program during the preceding year. During the term of the Research Program and for one year thereafter, Warner shall have the right to audit such records no more than twice per year during ordinary business hours, at mutually agreed times, to verify GenVec's expenditures in connection with the Research Program

Research Program Expenditures. During the Term of the Research ----------------------------- Program, GenVec shall provide Warner with a quarterly accounting report regarding Research Program expenditures by GenVec in the preceding quarter. GenVec shall keep records of all expenses incurred in connection with the Research Program, and annually during the Research Program within sixty (60) days following the end of each calendar year shall provide Warner with a report describing GenVec's actual average Scientific FTE cost during the preceding year, and the number of Scientific FTEs utilized in the Research Program during the preceding year. During the term of the Research Program and for one year thereafter, Warner shall have the right to audit such records no more than twice per year during ordinary business hours, at mutually agreed times, to verify GenVec's expenditures in connection with the Research Program

Research Program Expenditures. During the Term of the ----------------------------- Research Program, GenVec shall provide Warner with a quarterly accounting report regarding Research Program expenditures by GenVec in the preceding quarter. GenVec shall keep records of all expenses incurred in connection with the Research Program, and annually during the Research Program within sixty (60) days following the end of each calendar year shall provide Warner with a report describing GenVec's actual average Scientific FTE cost during the preceding year, and the number of Scientific FTEs utilized in the Research Program during the preceding year. During the term of the Research Program and for one year thereafter, Warner shall have the right to audit such records no more than twice per year during ordinary business hours, at mutually agreed times, to verify GenVec's expenditures in connection with the Research Program