Common use of Termination by Athena Clause in Contracts

Termination by Athena. Athena may terminate this Agreement effective at any time after one (1) year from the Effective Date, in its sole discretion, upon ninety (90) days' prior written notice. Athena may also terminate any part of the Research Program directed at one or more of the Collaboration Targets, also upon ninety (90) days' prior written notice, at any time during the Collaboration, in which case the RMC shall reallocate the FTEs affected to any of the other Collaboration Targets. *** Portions of this page have been omitted pursuant to a request for Confidential Treatment and filed separately with the Commission.

Appears in 3 contracts

Samples: Collaborative Research and License Agreement (Combichem Inc), Collaborative Research and License Agreement (Combichem Inc), Collaborative Research and License Agreement (Combichem Inc)

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Termination by Athena. Athena may terminate this Agreement effective at any time after one (1) year from the Effective Date, *** in its sole discretion, upon ninety (90) days' prior written notice. Athena may also terminate any part of the Research Program directed at one or more of the Collaboration Targets, also upon ninety (90) days' prior written notice, at any time during the Collaboration, in which case the RMC shall reallocate the FTEs affected to any of the other Collaboration Targets. *** Portions of this page have been omitted pursuant to a request for Confidential Treatment and filed separately with the Commissioncommission.

Appears in 1 contract

Samples: Collaborative Research and License Agreement (Combichem Inc)

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