FTE Fee definition

FTE Fee means the fee for an FTE that performs an applicable Service, which fee is specified in Exhibit A with respect to such Service.

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FTE Fee means the agreed cost of engaging one FTE, which as at the Effective Date and thereafter from time to time shall be agreed by Licensee and Licensor, each party acting in good faith.

FTE Fee has the meaning set forth in Section 7.2.1.

Examples of FTE Fee in a sentence

• Duration: Between [*] and [*] IM FTE Fee: Between $[*] and $[*] Direct Program Cost: Not to exceed $[*], which amount may also be applied to an approximately concurrent [*] CDP, per Section 3.

• Duration: Remainder of the [*] term; extendable by mutual agreement IM FTE Fee: Between $[*] and $[*] Subscription Fee: If the parties agree to the transfer of certain IM primary and secondary HPC screening subsystems under the terms of a subscription agreement, the fee for the Workflow HPC subsystems as proposed would be between $[*] and $[*].

• A Continuing Party shall pay the Opt-Out Party at an annual rate of [***] per FTE who performs consultation or support work for Unilateral Products in the pre-clinical phase as requested by the Continuing Party pursuant to this Agreement and an annual rate of [***] per FTE who performs development, consultation or support work for Unilateral Products after the pre-clinical phase as requested by the Continuing Party pursuant to this Agreement (the FTE Fee).

• The Continuing Party shall reimburse the Opt-Out Party for any out of pocket costs incurred by the Opt-Out Party in providing any such information or assistance pursuant to this Section 2.4, plus an amount equal to the then current FTE Fee for personnel engaged in such activities.

• Licensee shall reimburse Licensor for any reasonable out-of-pocket costs incurred by Licensor in providing any such information plus an amount equal to Licensor’s then current FTE Fee for Licensor’s personnel engaged in such activities, as set forth in Section 6.1.2; provided, however, that Licensee shall not be required to reimburse Licensor under this Section if and to the extent such costs are (1) [***]; or (2) [***].

• Except with respect to Verastem’s payment of the annual R&D FTE Fee, GenFleet will be solely responsible for the costs and expenses incurred in connection with Development activities under the Discovery Development Plans (regardless of whether such costs and expenses exceed [***] annually).

• The Continuing Party shall reimburse the Opt-Out Party for any out of pocket costs incurred by the Opt-Out Party in providing any such information or assistance pursuant to this paragraph 2.4, plus an amount equal to the then current FTE Fee for personnel engaged in such activities.

• Within [***] days following the anniversary of the Effective Date during the Discovery Period, Verastem will pay to GenFleet an amount equal to [***] (the “R&D FTE Fee”), which R&D FTE Fee will be used to support GenFleet’s performance of its activities under the Discovery Development Plans for the Collaboration Programs.

More Definitions of FTE Fee

FTE Fee has the meaning in Appendix E Section 1.

FTE Fee means the fee set forth in Exhibit 1.

FTE Fee means the agreed monthly cost of engaging one FTE, which as at the Completion Date shall be two hundred and fifty thousand US Dollars ($250, 000) divided by twelve (12). The estimated number of FTEs for each of the Services set out in Schedule 2, for the corresponding Transition Periods, shall be as follows: IP Free of charge Sales Reporting Services 1.00 1.00 1.00 1.00 SOTC Charged as % of Net Sales Regulatory Services 0.35 0.35 0.35 0.35 Regulatory CMC 0.50 0.50 0.50 0.50 Pharmacovigilance 0.75 0.75 0.75 0.25 Clinical Development 0.10 0.10 0.10 Quality Assurance Included in Regulatory Technology Transfer Included in Supply Agreement (900 Hours Maximum) Demand Planning Included in Supply Planning Supply Planning 3.00 3.00 3.00 3.00 Distribution 5.00 5.00 5.00 5.00 Import/Export Clearance Included in Supply Planning Inventory Management Included in Supply Planning Artworks Management 0.50 0.50 0.50 0.50 Supplier Management/External Management 0.50 0.50 0.50 0.50 Procurement 2.00 2.00 2.00 2.00 Tenders 7.50 7.50 7.50 7.50