STAIRS Plan definition
Examples of STAIRS Plan in a sentence
In addition to the payment of any applicable Service Fee hereunder, any Expenses incurred with respect to the planning and execution, including the costs associated with artwork and any resulting Discards related to Organon Products, of the STAIRS Plan pursuant to the Regulatory Agreement shall be borne by Organon and Merck shall have the right to charge such Expenses to Organon (such Expenses as calculated in accordance with the principles set forth on Schedule 2).
Organon shall be financially responsible for any Expenses related to the STAIRS Plan for Organon Products.
As of the Distribution Date, the Parties shall have each established a transition management office team consisting of an appropriate number of representatives of each Party that will be responsible for monitoring and implementing the STAIRS Plan, coordinating and executing the exits of the IOM Markets and the Deferred Markets and coordinating the performance of the Parties’ obligations under this Agreement or any Transaction Document (each, a “TMO Team”).
Merck shall be financially responsible for any Expenses related to the STAIRS Plan for Merck Products.
In addition to the payment of any applicable Service Fee hereunder, any Expenses incurred with respect to the planning and execution, including the costs associated with artwork and any resulting Discards related to Merck Products, of the STAIRS Plan pursuant to the Regulatory Agreement shall be borne by Merck and Organon shall have the right to charge such Expenses to Merck (such Expenses as calculated in accordance with the principles set forth on Schedule 2).