Selection Term definition
Examples of Selection Term in a sentence
During the first [**] of the Selection Term, Novartis or its Affiliates will fund the FTEs provided by Alnylam pursuant to Section 2.4 at an annual rate per FTE of [**] dollars ($[**]), pro-rated to the duration that such FTEs perform work in an Active Program.
Notwithstanding the foregoing, the Selection Term may be terminated earlier pursuant to Sections 8.2 or 8.3.
In consideration for the Vendor Shares, the Purchaser shall pay to the order and direction of the Vendor, $175,000 in cash (the “Payment Consideration”).
From time to time during the Selection Term, the Joint Steering Committee may reinstate any such Abandoned Program and Research Plan, whereby such Abandoned Program shall thereafter again be an "Active Program," unless Alnylam has initiated a bona fide research program (pursuant to a written research plan) with respect to such Abandoned Program and has dedicated [**] the Joint Steering Committee's decision to reinstate such Abandoned Program.
After the [**] of the Selection Term, the Parties shall enter into good faith negotiations to adjust the annual FTE rate applicable to FTEs provided by Alnylam, it being understood that the Research Collaboration shall continue during such negotiations.
During the Selection Term, Novartis may from time to time deliver to the Gatekeeper one or more lists of Targets (each such list, a "Target List") that Novartis desires to include in the Research Collaboration.
Subject to Section 3.1.3(b) (Sarepta Collaboration Target Substitution Right), Sarepta may send Target Nomination Notices to Arrowhead during the Selection Term until six targets have been accepted by Arrowhead as Collaboration Targets.
During the Selection Term, Tekmira has the right to nominate a Target, subject to (a) Alnylam’s contractual obligation to a Third Party that would be breached by the inclusion of such Target as an Inex Development Target under the Tekmira Agreement, and (b) Alnylam’s determination after good faith review of its ongoing or planned scientific and/or business activities that such Target is a Target of interest to Alnylam.
Except with respect to selection of DOT1L (which is deemed to be a Selected Target as of the Effective Date), on an Available Target-by-Available Target basis, if CELGENE wishes to exercise the Celgene Option, CELGENE shall provide to EPIZYME written notice of exercise of such Celgene Option with respect to the Available Target (“Notice of Exercise”) during the applicable Selection Term.
If all 3 Inex Development Targets have not been approved for selection by the expiration of the Selection Term, the Selection Term will be extended until the earlier of (i) the date on which an aggregate of 3 such Inex Development Targets have been identified and approved for selection, and (ii) January 8, 2014.