Examples of Collaborative Period in a sentence
For the first two years of the Collaborative Period, Firmenich will pay Senomyx annual research fees (“Research Fees”) of […***…] for the Collaborative Program including the activities performed pursuant to the Research Plan.
Senomyx and Firmenich entered into that certain Collaborative Research, Development, Commercialization and License Agreement dated July 28, 2009, that certain First Amendment thereto dated October 30, 2009, and that certain Second Amendment dated October 22, 2010 (collectively, the “Original Agreement”) for a research and development program during the Collaborative Period to discover and/or develop Compounds that are Synthetic Compounds for use in Field I and Field II (the “Collaborative Program”).
Upon expiration of the Collaborative Period, in the event that Firmenich has selected a Selected Compound(s) pursuant to Section 3.1.4, then Firmenich shall have the following rights.
In addition, at any time during […***…], Firmenich, upon written notice to Senomyx, will have the right to select a Compound for which […***…]; provided, however, that such period shall be […***…] for which it has received a data package during the Collaborative Period (i) during the applicable […***…] if the parties are then […***…], or (ii) if Firmenich has properly […***…], until the date on which […***…].
During the Collaborative Period, Senomyx will collaborate with Firmenich in the Collaborative Program (i) on an Exclusive basis with respect to Field I in the Territory (excluding any Selected Synthetic Compounds); and (ii) on a Co-Exclusive basis with respect to Field II in the Territory (excluding any Selected Synthetic Compounds).