Contingent Event definition
Examples of Contingent Event in a sentence
If such contribution is made with respect to the Unpredictable Contingent Event, then all Unpredictable Contingent Event Benefits attributable to such Unpredictable Contingent Event occurring during the Plan Year must be paid, including such Benefits for periods during the Plan Year that were prior to the contribution.
AstraZeneca will give Moderna written notice within [***] days of the first achievement of each Contingent Event set forth below, whether achieved by or on behalf of AstraZeneca, its Affiliate, or Sublicensee.
Any benefit or increase in benefits to the extent the benefit or increase would not be payable nor occur but for the occurrence of an Unpredictable Contingent Event.
After receiving such written notice, Moderna will submit an invoice to AstraZeneca for the amount of the Contingent Event Option Exercise Payment, and AstraZeneca will pay Moderna the applicable Contingent Event Option Exercise Payment within [***][***] days after AstraZeneca’s receipt of such invoice.
In no event will any credits, deductions or reductions permitted to be taken under this Schedule A, the Option Agreement or any other Transaction Agreement against any particular Contingent Event Option Exercise Payment or Option Exercise Earn-Out payment owed to Moderna under this Schedule A (including pursuant to Paragraph 2.3(c) (Schedule A))act to reduce such payment by more than [***]; provided, that [***].