Initial R&D Plan definition
Examples of Initial R&D Plan in a sentence
The Initial R&D Plan has been prepared and the initial R&D Payments have been determined on the assumption that the First Female Product will be a 510(k) Product and not a PMA Product.
In addition, the Parties will have agreed on an initial budget for each of the first three (3) Contract Years directed to Development Costs associated with the Initial R&D Plan (the “Initial R&D Plan Budget”), as set forth on Exhibit 4.7(a)(ii).
Additional Activities include, without limitation, any activities or services to be performed by Palomar that are subsequently added to the Initial R&D Plan.
The Initial R&D Plan Budget for the second Contract Year will be [***] percent ([***]%) of the Initial R&D Plan Budget for the first Contract Year, and for the third Contract Year will be [***] percent ([***]%) of the Initial R&D Plan Budget for the first Contract Year; these percentages will be binding on the Parties unless otherwise modified by the JRB.
The Initial R&D Plan Budget will be binding on the Parties for the first Contract Year and will [***] by the Parties, until the JRB approves NPCDs and reallocates such Development Costs.
The Initial R&D Plan outlines the initial framework for the Collaboration under this Agreement.
QLT and RGX hereby confirm that they have agreed upon the Initial R&D Plan.
Within ***** after ORTHO's election to implement the Sponsored Research Program, the Parties, working together in good faith, shall attempt to agree upon and approve a plan regarding the general scope of the research to be carried out under the Sponsored Research Program, together with reasonable detail regarding resource allocation, research direction and focus and related matters, for the first one (1) year of the Sponsored Research Program (such plan, if so agreed, being the "Initial R&D Plan").
The JDC shall meet at least quarterly, and more often if warranted, to review Collaboration results and activities and to revise the Initial R&D Plan or any subsequent R&D Plan.
No material change shall be made to the Initial R&D Plan or any subsequent research plan adopted pursuant to subsection 5.01(c) below without the unanimous consent of the R&D Subcommittee.