Program Plan and Budget definition
Examples of Program Plan and Budget in a sentence
Beginning in 1995, by August 1 of each year during the Early Stage Development Program, Introgen shall submit to the Development Committee a proposed Program Plan and Budget for the Early Stage Development Program for the following calendar year.
The Program Plan and Budget shall specify the research objectives and work plan activities of the Early Stage Development Program research of both parties, and the headcounts and other costs and expenses of Introgen, including consultants and third party contractors, in connection with the Early Stage Development Program.
The Development Committee shall review the Program Plan and Budget on an ongoing basis and may make changes to the Program Plan and Budget then in effect; provided, however, the Program Plan and Budget in effect for a year shall not be modified except as approved by the Development Committee.
At its meetings, the Development Committee will (i) formulate and review the Early Stage Development Program objectives, (ii) monitor the progress of the Early Stage Development Program toward those objectives, (iii) review and approve the Program Plan and Budget, and Product Plans and Budgets, pursuant to Section 3.4 of this Agreement, and (iv) monitor the progress of both Early Stage Development and Later Stage Clinical Development.
On or before October 15, 1994, and the first day of each subsequent calendar quarter during the Term of the Early Stage Development Program, RPRP shall pay to Introgen the amount of the approved forecasted amount; provided that if for any reason the Development Committee does not approve a forecasted amount prior to the due date, RPRP shall pay to Introgen the amount budgeted for the quarter in the Program Plan and Budget them in effect.
Introgen will be responsible for conducting, directly or through third parties, all development of each new project and each Collaboration Product in North America through the completion of Early Stage Development in accordance with the Program Plan and Budget in effect from time to time.
Promptly following the Effective Date, and prior to the beginning of each calendar quarter during the Term of the Early Stage Development Program, the Development Committee shall approve a spending forecast for the next quarter, consistent with the Program Plan and Budget then in effect.
The Development Committee shall review such proposal as soon as possible and shall establish and approve no later than October 31 of such year the final Program Plan and Budget for the next succeeding year.
Unless otherwise agreed by the parties, Introgen shall not be obligated to incur nor shall RPRP be obligated to pay Early Stage Development Program Costs in connection with the Early Stage Development Program beyond amounts provided for in the approved Program Plan and Budget.
Neither Introgen nor RPRP makes any representation or warranty or guaranty that the Program Plan and Budget will be sufficient for the successful completion of the Early Stage Development Program.