Development FTE Costs definition

Development FTE Costs means, as applicable with respect to any period, the FTE Rate for the performance of Development activities, multiplied by the actual total number of FTEs (or portion thereof) directly devoted to performing such Development activities in accordance with the Global Development Plan under this Agreement, during such period. The calculation of the number of FTEs for purposes of determining Development FTE Costs will be documented by the Parties in a manner designed to ensure proper reporting and auditing of such information in accordance with this Agreement.

Development FTE Costs means, with respect to any period, the Development FTE Rate multiplied by the number of Development FTEs expended by a Party during such period.

Development FTE Costs means the product of (i) the actual number of FTEs utilized in the Development of a Licensed Product(s) in accordance with the Development Plan and Development Budget after the Effective Date, as documented by the applicable Party using a reliable time tracking system and (ii) the FTE Rate.

Examples of Development FTE Costs in a sentence

• Genzyme will reimburse Voyager for its Development FTE Costs (for Development FTEs directly engaged to perform such Technology Transfer) and Out-of-Pocket Costs incurred in the course of such Technology Transfers, provided that such Out-of-Pocket Costs are incurred in accordance with the mutually-agreed technology transfer plan and Voyager provides an invoice to Genzyme evidencing such costs.

• Genzyme shall reimburse Voyager on a quarterly basis for Development FTE Costs, Out-of-Pocket Costs and Cost of Goods incurred by Voyager in the performance of Transition Activities, within [***] after receipt by Genzyme of an invoice for such amounts from Voyager.

• Akcea will reimburse Isis for (i) Isis’ Development FTE Costs related to conducting the Isis Post-FTE Cutoff Date Development Activities and (ii) Isis-Incurred Development Costs necessary for Isis to conduct the Isis Post-FTE Cutoff Date Development Activities.

• For the avoidance of doubt, Apellis shall not be responsible for any costs or expenses (including Development FTE Costs and Out-of-Pocket Costs) incurred by Sobi or any of its Affiliates that are not in accordance with the then-current Global Development Budget.

• MacroGenics shall continue to conduct and complete [***] that are being conducted as of the Execution Date with respect to [***] through the [***] of the Execution Date, and Company shall reimburse MacroGenics for any reasonable Third Party Expenses and Development FTE Costs incurred by MacroGenics after the Execution Date in conducting such [***].

More Definitions of Development FTE Costs

Development FTE Costs which means the product of the number of Development FTEs times the FTE Rate, where a “Development FTE” means a scientific, regulatory, technical, legal, finance or other individual engaged full time for one (1) Calendar Year (consisting of at least a total of [**] hours per Calendar Year) in performing or supporting Development (and related Manufacturing) activities under the GDP. No additional payment shall be made with respect to any individual who works more than [**] hours per Calendar Year and any individual who devotes less than [**] hours per Calendar Year (or such other number as may be agreed by the JDC or JSC, as applicable) shall be treated as a Development FTE on a pro rata basis based upon the actual number of hours worked divided by [**];

Development FTE Costs means, as applicable with respect to any period, (a) the FTE Rate for the performance of the Initial Development Plan or Remediation Plan as provided in Section 3.2.3 (Expedited Dispute Resolution) or Section 5.2.3(b), as applicable, multiplied by the actual total number of FTEs (or portion thereof) [**]; (b) the FTE Rate for the performance of Shared Global Development Activities, multiplied by the actual total number of FTEs (or portion thereof) [**]; and (c) solely with respect to an Independent Registration Study for which a Deemed Buy-In Occurs, the FTE Rate for the performance of such Independent Registration Study, multiplied by the actual total number of FTEs (or portion thereof) [**] in accordance with Section 5.3.2 (Independent Registration Studies), in each case ((a) and (b)), as applicable, during such period.

Development FTE Costs means the price of Development FTEs to be used for the purposes of determining the costs incurred with respect to personnel performing work on the Development in accordance with the then-approved Development Plan. The price per Development FTE shall initially be *** per Development FTE year or pro-rata portion thereof incurred on the Development. The Development FTE rate includes all the fully burdened cost of salary, employee benefits, incidental materials, travel, lodging and other expenses including support staff and direct and indirect overhead for or associated with a Development FTE. On each anniversary of the Effective Date, the FTE rate shall be

Development FTE Costs means, with respect to any period, the amount calculated by multiplying the Development FTE Rate by the number of Development FTEs expended by a Party during such period. [***] = CERTAIN IDENTIFIED INFORMATION HAS BEEN OMITTED FROM THIS DOCUMENT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED, AND HAS BEEN MARKED WITH “[***]” TO INDICATE WHERE OMISSIONS HAVE BEEN MADE. ​

Development FTE Costs has the meaning set forth in the Financial Schedule.

Development FTE Costs means, [***].

Development FTE Costs means the product of: (a) the respective Party's Development FTE Rate, and (b) the actual number of FTEs, not to include administrative support personnel, utilized by such Party in performing activities in accordance with the Development Plan and Budget, or for other activities, but only to the extent the JSC has specifically authorized such other activities in writing before the Development FTE Costs of such other activities are charged to a Party's Development Account, measured in accordance with a tracking system substantially similar to that in effect on the Effective Date, or as otherwise approved by the FSC. ________________________________________________________________________________