SPECIAL OPTION RIGHT Clause Samples
SPECIAL OPTION RIGHT. In addition to the options described in Sections 6.1 and 6.2, Schering shall also have the option to regain full control of the development and [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF THE SECURITIES ACT OF 1933, AS AMENDED.
SPECIAL OPTION RIGHT. In addition to the options described in Sections 6.1 and 6.2, Schering shall also have the option to regain full control of the development and marketing of Licensed Product in the event: (a) ▇▇. ▇▇▇▇▇ is no longer active in the Development and CMC Development of Licensed Product in a managerial or clinical advisory capacity for reasons other than death or disability and (b) BioMedicines is unable to engage another person reasonably acceptable to Schering to lead such development within six (6) months after such cessation of activity by ▇▇. ▇▇▇▇▇.