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

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

  • 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.

  • We estimate that the requested services can be provided by the additional hiring of a 3/4 F.T.E. Payments under the agreement will be retroactive to Feb.

  • Suggested support serv­ ices will encourage caregivers to explore ways to reduce workload and stress related to their caregiving role.

  • 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.

  • Option #3—Combination of Monetary and FTE Payments: Jurisdictions may elect to be paid through both monetary and FTE payments.


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 as defined in 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 4.1.

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

  • Contingent Compensation Payment means any payment (or benefit) in the nature of compensation that is made or made available (under this Agreement or otherwise) to a “disqualified individual” (as defined in Section 280G(c) of the Code) and that is contingent (within the meaning of Section 280G(b)(2)(A)(i) of the Code) on a Change in Ownership or Control of the Company.

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Payments has the meaning set forth in Section 8.11.

  • Contingent Payments has the meaning set forth in Section 2.3(d).

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Termination Payments has the meaning specified in Section 10(a).

  • Additional Payments means the amounts required to be paid by the Company pursuant to the provisions of Section 4.2 hereof.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Minimum Payments $50 (with respect to all funds in the aggregate.) No payment pursuant to this Schedule is payable to a dealer, bank or other service provider for the first year with respect to sales of $1 million or more, at no load, in cases where A I M Distributors, Inc. has advanced the service fee to the dealer, bank or other service provider.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Earn-Out Payments has the meaning set forth in Section 2.3(a).

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Service Payment has the meaning given to it in clause 9.1;

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.