Phase 1 Option definition

Phase 1 Option means the Phase 1 Option (as defined in the Master Collaboration Agreement) for the Licensed Program.
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Phase 1 Option. By spending a total of US$2.5 million on project expenditure within a 3-year period, the Company has the option to earn into a 51% project level interest in the Zlatusha property. The expenditure requires the completion of a minimum of 6,500 meters of reverse circulation or diamond drilling.
Sample 1Sample 2
Phase 1 Option has the meaning given in Section 2.1;
Sample 1

Examples of Phase 1 Option in a sentence

  • For the avoidance of doubt, no additional amounts shall be payable by Celgene upon exercise by Celgene of the Celgene Phase 1 Portion Participation Right, and the Phase 1 Option Exercise Fee shall only be payable if, and when, Celgene determines to exercise its Phase 1 Option for such Program as set forth in Article 3.

  • In addition, (x) in the event that Celgene exercises its IND Option with respect to one or more Programs as more specifically provided in Article 3, then the Parties shall enter into U.S. License Agreement for such Program(s) and (y) in the event that Celgene exercises its Phase 1 Option for one or more Programs as more specifically provided in Article 3, the Parties shall enter into a Global License Agreement for such Program(s).

  • Phase 2 Option: One vendor from the Phase 1 Option may be selected for the Phase 2 Option.

  • For the avoidance of doubt, with respect to a given Program, during the period from the end of the End of Phase 1 Date until the end of the Phase 1 Option Period for such Program, no further activities shall be conducted by or on behalf of Prothena with respect to such Program (including the Collaboration Target, Collaboration Candidates or Collaboration Product thereunder), unless agreed to by Celgene in writing (such agreement not to be unreasonably withheld).

  • Phase 1 Option: Up to a 3-month period of performance for those Phase 1 performers who meet the Phase 1 Option criteria in the Research Opportunity Description.

  • Prothena acknowledges and agrees that all Phase 1 Options granted by Prothena to Celgene as set forth herein will be granted by Prothena exclusively to Celgene until the end of the applicable Phase 1 Option Term, and Prothena shall not (and shall procure that its Affiliates do not) grant any options (or other rights) to any other Person that would conflict with or are inconsistent with the Phase 1 Options granted to Celgene hereunder.

  • Funding available for Phase 1 and Phase 1 /Option combined for each performers is estimated at up to $1.5-$2 million dollars each.

  • The two options (Phase 1 Option and Phase 2 Option) specified in Section I.6 must be separately priced from the base effort and separate spreadsheets shall be provided for the base period and each of the two option periods along with a fourth summary spreadsheet of all three periods combined.

  • If [***], the Phase 1 Option Term with respect to such Program shall [***].

  • Celgene shall have the right to exercise its Phase 1 Option with respect to such Program as set forth in Article 3 (including entering into a Global License Agreement for such Program with Prothena), with the date that Prothena so delivers the complete Phase 1 Data Package for such Program being deemed be the End of Phase 1 Date for such Program, and the provisions of Article 3 shall apply in connection therewith, mutatis mutandis.


More Definitions of Phase 1 Option

Phase 1 Option has the meaning set forth in Sub-Article 6B(A).
Sample 1
Phase 1 Option has the meaning set out in Section 2(a). “Phase 1 Option Notice” has the meaning set out in Section 2(b).
Sample 1

Related to Phase 1 Option

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Director Option means an Option granted pursuant to Section 6.

  • Vested Company Option means each Company Option outstanding as of immediately prior to the Effective Time that is vested as of such time or will vest in connection with the consummation of the transactions contemplated hereby (whether at the Effective Time or otherwise).

  • Unvested Company Option means any Company Option that is not a Vested Company Option.

  • Share Option means a Nonqualified Share Option or an Incentive Share Option.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • 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.

  • Optioned Stock means the Common Stock subject to an Option.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Grant Year has the same meaning as in subclause 1(1) of Schedule 1 of HESA; ‘HESA’ means the Higher Education Support Xxx 0000; ‘maximum basic grant amount’ or ‘MBGA’ has the same meaning as in subclause 1(1) of Schedule 1 of HESA.