Common use of During the Research Program Term Clause in Contracts

During the Research Program Term. (a) ▇▇▇▇▇ has the right during the Research Program to terminate the Agreement in its sole discretion upon […***…] days prior notice to Zymeworks. (b) In the event ▇▇▇▇▇ decides to terminate the Research Program prior to the expiration of the Research Program (the “▇▇▇▇▇ ▇▇ Termination Decision”), (i) ▇▇▇▇▇ shall promptly cease any and all activities under the Research Program, and (ii) as of the ▇▇▇▇▇ ▇▇ Termination Decision, (A) ▇▇▇▇▇ shall have no right or obligation under this Agreement, to pursue or achieve any further Milestone Event (except as may occur as a result of completing an on-going experiment), (B) ▇▇▇▇▇ shall pay any further Milestone Payments for Milestone Events achieved prior to the ▇▇▇▇▇ ▇▇ Termination Decision, or thereafter as a result of an ongoing experiment commenced prior to the ▇▇▇▇▇ ▇▇ Termination Decision, and (C) Lilly shall have no further rights under Section 8.4 to use Zymeworks’ Confidential Information for internal research and development purposes.