FTE Payments definition

FTE Payments means all amounts received from a Contract Party under any License Agreement in payment for services relating specifically to Borrower’s and/or any of its Subsidiaries’ costs (or estimated costs) for the discovery, research and/or development of peptides, proteins and antibodies as reasonably calculated based on the subsidization of the full cost of personnel measured in full time equivalents, other comparable cost-based measures or any combination of the foregoing. For the avoidance of doubt, FTE Payments shall not include any technical milestones that relate specifically to the completion of services, or other related events.
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FTE Payments has the meaning set forth in Section 4.2.
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FTE Payments means all amounts received from a Contract Party under any License Agreement in payment for services relating specifically to the Company’s costs (or estimated costs) for the discovery, research and/or development of peptides, proteins and antibodies as reasonably calculated based on the subsidization of the full cost of personnel measured in full time equivalents, other comparable cost-based measures or any combination of the foregoing; provided that, with respect to any Future Licenses, the structure and amount of such payments are consistent with the structure and amount of payments received from Contract Parties for similar services under License Agreements executed prior to the date hereof. For the avoidance of doubt, FTE Payments shall not include any technical milestones that relate specifically to the completion of services, or other related events.
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Examples of FTE Payments in a sentence

  • Constellation shall keep complete and accurate records for a period of at least [**] (or the shorter period required under Section 6.4(c)) for each reporting period during which FTE Payments are due, showing the particulars necessary in sufficient detail to enable FTE Reports to be verified.

  • If the Estimated Annual FTE Payments made by Agrigenetics to EPS for such Contract Year exceeds the sum of Actual Annual FTE Payment for such Contract Year, then such overage shall be credited against Agrigenetics’ payment for subsequent Estimated Annual FTE Payments, or, if no more invoices will be issued under this Agreement, then such overage shall be refunded to Agrigenetics within [ * ] after the date of such invoice.

  • All uncontested FTE Payments, adjustments to FTE Payments, and Research and Development Milestone Payments shall be due within [**] of Genentech’s receipt of an invoice or Constellation’s issuance of a credit or debit memo for such payment and any required accompanying report (e.g., an FTE Report); provided, however, the FTE Payment for the first quarter of the Research Term (for which no invoice is required) shall be due within [**] of the Effective Date.

  • IgDraSol shall provide STI with written, itemized monthly invoices in accordance with the payment schedule set forth in the Development Plan, with each such invoice specifying the Services performed for which payment is being requested, the FTE Payments (including itemized expenses) and adequate supporting documentation.

  • Such Fees are contemplated to include FTE Payments and Expenses (as defined in Section 4.2 below).

  • Unless this Agreement is terminated by Lilly under Sections 12.4 through 12.7, Lilly shall continue to make FTE Payments to Arena through R&D Phase IB, and Arena shall be obligated to continue its efforts under R&D Phase IB.

  • Unless otherwise expressly provided in the Development Plan, payment to IgDraSol of FTE Payments and Expenses [***] shall be paid as follows: [***].

  • FTE Payments; Remittance of Quarterly Research Project FTE Payments; Reimbursement of Reimbursable Research Project Non-FTE Costs and Reimbursable Consumables Costs; Monthly Invoicing for Reimbursement of Reimbursable Research Project Non-FTE Costs and Reimbursable Consumables Costs; Remittance of Monthly Reimbursement Payments; Conditions to the Foundation's Payments; Sources of Funding; Annual Evaluation of the Research Project FTE Rate.

  • Unless otherwise expressly provided in the Development Plan, payment to IgDraSol of FTE Payments and Expenses shall be paid as follows: .

  • Such FTE Payments shall not be deemed Research and Development Costs of EVP.


More Definitions of FTE Payments

FTE Payments has the meaning set forth in Section 6.2(a) (FTE/OOP Payment).
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Related to FTE Payments

  • Aggregate Payments means, with respect to a Contributing Guarantor as of any date of determination, an amount equal to (1) the aggregate amount of all payments and distributions made on or before such date by such Contributing Guarantor in respect of this Guaranty (including in respect of this Section 7.2), minus (2) the aggregate amount of all payments received on or before such date by such Contributing Guarantor from the other Contributing Guarantors as contributions under this Section 7.2. The amounts payable as contributions hereunder shall be determined as of the date on which the related payment or distribution is made by the applicable Funding Guarantor. The allocation among Contributing Guarantors of their obligations as set forth in this Section 7.2 shall not be construed in any way to limit the liability of any Contributing Guarantor hereunder. Each Guarantor is a third party beneficiary to the contribution agreement set forth in this Section 7.2.

  • Service payments means payments to the private entity of a qualifying project pursuant to a service contract.

  • Upfront Payment has the meaning set forth in Section 8.1.

  • Passthru payments means any withholdable payment and any "foreign passthru payment," which is currently not defined. The current proposed FATCA regulations (“Proposed Regulations”) state that the Internal Revenue Service and the U.S. Treasury have determined, that withholding on “foreign passthru payments” is not required, pending further guidance and analysis. The Proposed Regulations provide that such withholding will not be effective before the date that is two years after the publication of final regulations defining the term “foreign pass-thru payment”.

  • FILOT Payments means the amount paid or to be paid in lieu of ad valorem property taxes as provided herein.