SUBSEQUENT NAP SYSTEMS Sample Clauses

SUBSEQUENT NAP SYSTEMS. From time to time, the NAP Leaders shall meet to discuss potential NAP Systems to be developed hereunder. [ * ]. Caliper's NAP Leader shall provide good faith estimates of the necessary personnel resources and the projected FTEs needed to perform Caliper's tasks and the cost of any development systems and other materials necessary for the development of NAP Systems, and advise as to the technical feasibility of various tasks. MPI's NAP Leader shall provide similar information with respect to MPI's activities. With respect to NAP projects identified by MPI, the NAP Leaders shall develop a plan to evaluate the feasibility of a NAP System in light of the considerations which constitute a Development NAP Plan, which plan shall set forth specific details of any activities to be performed to determine the technical feasibility of such NAP System as well as a timeline therefor (a "Feasibility NAP Plan"). The parties shall perform the feasibility study and shall [ * ] = 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 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. report the results in accordance with the Feasibility NAP Plan, whereupon the parties shall meet to discuss such results. The parties anticipate that each Feasibility NAP Plan shall be for a period of [ * ] or less. If and when the parties decide to proceed with the development and commercialization of a NAP System, the NAP Leaders shall prepare a Development NAP Plan for such NAP System for review and approval of the Vice President of Science and Technology of Caliper and both the Chief Technology Officer and the Vice President of Research and Technology Operations of MPI. No Development NAP Plan shall become effective with respect to any Excluded MPI Property that is included in a Development NAP Plan unless and until such Development NAP Plan is executed by the Vice President of Research and Technology Operations of MPI. Prior to the commencement of any Development NAP Plan, if Caliper sets forth in writing that it withholds its approval of NAP Plans for one or more NAP Systems or otherwise fails to agree to such NAP Plan within [ * ] days after a written request by MPI that Caliper do so, for reasons other than technical feasibility, [ * ] the [ * ] to [ * ] such NAP Plans, provided that such NAP Plans do not require Caliper to commit more than [ * ] of its FTE...
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