Exclusive Option Period definition

Exclusive Option Period shall have the meaning set forth in Section 2.1.3.
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Exclusive Option Period means eighteen (18) months from the Effective Date. LICR will not license to anyone any rights to the Patents or Improvements in the Field during the Exclusive Option Period.
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Exclusive Option Period is defined in Section 29.2.1 of the Agreement.
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Examples of Exclusive Option Period in a sentence

  • The University also grants to Sponsor a 6-month Exclusive Option Period to any University Invention or to University’s interest in any Joint Invention, which option shall expire six (6) months after University has provided written notice to Sponsor of any such University Invention or Joint Invention (“Option Period”).

  • The Corporation shall have an exclusive option for two (2) business days after the expiration of the Purchaser Exclusive Option Period to acquire all of the Offered Stock that will not be acquired by the Other Purchaser.

  • Each of the Shareholders Representatives shall have the sole and exclusive option to acquire all or any specified portion of the shares of Stock offered for transfer in accordance with the provisions of the Notice of Right of First Refusal for a period of two (2) business days from the First Refusal Notice Date (the "Shareholder Exclusive Option Period").

  • In the event the Shareholders Representatives do not collectively elect to acquire all of the Offered Stock, the Purchasers shall have an exclusive option for three (3) business days after the expiration of the Shareholder Exclusive Option Period to acquire all or any portion of the Offered Stock not acquired by the Shareholders Representatives.

  • The Shareholders Representatives may exercise such option by giving written notice of exercise to the Selling Shareholder and the Purchasers prior to the termination of the Shareholder Exclusive Option Period.

  • Terms used herein shall have the meanings ascribed to them in the Credit Agreement unless otherwise defined.

  • The Other Purchaser may exercise such option by giving written notice of exercise to the Selling Purchaser prior to the termination of its Exclusive Option Period.

  • The Exclusive Option Period shall expire on 16-January-2008; however, Elanco Ambrx Inc.

  • KaloBios may exercise the Option at any time during the Exclusive Option Period by written notification to LICR (the “Exercise Notice”).

  • If Licensee is to purchase the Licensed Intellectual Property during the Licensee's Second Exclusive Option Period pursuant to Section 2.1, the purchase price to be paid for the Licensed Intellectual Property shall be calculated by multiplying (i ) the average of the Aggregated Net Sales for the two calendar years since January 1, 2000 with the highest Aggregate Net Sales by (ii) - * -.


More Definitions of Exclusive Option Period

Exclusive Option Period set forth in Section 1.44 of the Agreement is hereby deleted in its entirety and replaced with: “[Reserved.]”.
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Exclusive Option Period means that AVANIR will not, directly or indirectly, permit its directors, AFFILIATES, representatives or agents to do any of the following: negotiate, undertake, authorize, recommend, propose or enter into any transaction involving the PATENTS and KNOW HOW in the FIELD ("Competing Transaction"); or facilitate, encourage, solicit or initiate or in any way engage in any discussion, negotiation or submission of a proposal or offer in respect of a Competing Transaction; or furnish or cause to be furnished to any THIRD PARTY any information concerning the PATENTS and KNOW HOW in connection with a Competing Transaction; or otherwise cooperate in any way with or assist or participate in, facilitate or encourage, any effort or attempt by any THIRD PARTY to do or seek any of the foregoing. It is agreed that during the Exclusive Option Period AVANIR will be entitled to utilize THIRD PARTY consultants to assist AVANIR with an evaluation of the potential to commercialize PRODUCT in countries outside the TERRITORY and that such interaction will not be considered to be a Competing Transaction as defined in this Paragraph 2.03. Further, SB shall notify AVANIR promptly in the event that SB decides that it does not wish to commercialize PRODUCT in a particular country in which case AVANIR shall be free to negotiate and enter into a Competing Transaction in respect of such country, notwithstanding
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Exclusive Option Period means the period beginning on the Effective Date and expiring at the end of the twelve (12) month period immediately following the date that Regeneron receives Licensed Product consistent with the requirements of the Collaboration Plan; provided that, if Collaborator generates an Alternative Licensed Product under the circumstances described in Section 2.4, then the Exclusive Pre-Milestone Period shall remain in effect and not expire until the end of the twelve (12) month period immediately following the date that Regeneron receives such Alternative Licensed Product consistent with the requirements of the Collaboration Plan in quantities sufficient to perform the in vitro evaluation activities included under the Collaboration Plan.
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Related to Exclusive Option Period

  • Option Period means the period during which an Option may be exercised.

  • Call Option Period has the meaning given to it in Condition 6.04 (Call Option);

  • Incentive Option means an option which satisfies the requirements of Code Section 422.

  • Nonstatutory Option means a stock option not described in Sections 422(b) or 423(b) of the Code.

  • Optioned Shares means Shares subject to an Award granted pursuant to this Plan.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • License Period means the period beginning from the Commencement Date and ending on the Termination Date.

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Option means a stock option granted pursuant to the Plan.