FTE Commitments Clause Samples

The FTE Commitments clause defines the number of full-time equivalent (FTE) personnel that a party is obligated to dedicate to a project or service. It typically specifies the minimum staffing levels required, outlines how FTEs are calculated (such as combining part-time staff to equal a full-time role), and may set expectations for maintaining these commitments throughout the contract term. This clause ensures that sufficient resources are consistently allocated, helping to guarantee project continuity and performance standards are met.
FTE Commitments. (a) Subject to Section 3.4(d), for the first year of the Research Term, BMS shall fund research under the Mode of Action Program for [ * ]. (b) Subject to Section 3.4(d), if Exelixis provides BMS with [ * ] Quality Targets by the date [ * ] of the Effective Date, then, subject to Article 11, from such first anniversary until the termination of the Research Term, BMS shall fund research under the Mode of Action Program for [ * ]. (c) Subject to Section 3.4(d), if Exelixis does not provide BMS with [ * ] Quality Targets by the date [ * ] of the Effective Date and if BMS elects pursuant to Section 3.2(b) to extend for [ * ] the date by which BMS could terminate the Research Term under Section 3.2(a), then after such [ * ], BMS' research funding obligations under the Mode of Action Program shall be as follows: (i) BMS shall fund a minimum of [ * ] until the date that is [ * ] of the Effective Date; and (ii) In the event that Exelixis provides BMS with [ * ] Quality Targets by the date that is [ * ] the [ * ] the Effective Date, BMS shall fund [ * ] from such date until the termination of the Research Term; and (iii) In the event that Exelixis does not provide BMS with [ * ] Quality Targets by the date that is [ * ] the [ * ] the Effective Date, BMS may elect to continue the Mode of Action Program through the end of the Research Term but in such event shall fund [ * ] from such date until the termination of the Research Term. (d) At any time during the Research Term, the JMT may adjust the number of FTEs dedicated to the Mode of Action Program for a minimum period of one (1) year. The resulting number of FTEs shall not exceed [ * ] nor fall below the [ * ], as applicable, without the written consent of Exelixis. BMS shall fund all FTEs allocated by the JMT. Exelixis shall have [ * ] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 406 of the Securities Act of 1933, as amended.
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FTE Commitments. (a) For the first three years of the Research Term, P&U shall fund research under this Agreement for the number of Exelixis FTEs set forth in Table 1. The Parties anticipate that, in the first year of the Research Term, [ * ] [ * ] (b) From the third anniversary of the Effective Date until the termination of the Research Term, there shall be no less than [ * ] FTEs in the Research Program in Alzheimer's Disease and [ * ] FTEs in the Research Program in Metabolic Syndrome as determined by the JMT. P&U shall fund [ * ] such FTEs. (c) At any time during the Research Term, P&U may fund, at the Annual FTE Rate, up to [ * ] additional FTEs (or more with the consent of Exelixis) for a minimum commitment of one year (but not more than an aggregate of [ * ] FTEs), such FTEs to be allocated between the Research Programs at the discretion of the JMT. Exelixis shall have a reasonable time in which to locate resources to fill such FTE positions.
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FTE Commitments. Rigel shall supply [*] FTEs during each contract year of the Research Term. In the event of an extension of the Research Term [*], the Parties shall agree at that time on the number of FTEs that Rigel shall supply in such [*] of the Research Term. Daiichi shall fund such FTEs as set forth in Section 3.4 (b). Daiichi understands and agrees that Rigel retains complete discretion to change the identity of the individuals who compose such FTEs and to alter the frequency and time which any individual devotes to the Research Program. All scientific work on or directly related to the Research Program performed by such individuals shall count towards the fulfillment of Rigel’s FTE commitment pursuant to this Section 3.4. Such work may include, but is not limited to, experimental laboratory work, recording and writing up results, reviewing literature and references, holding scientific discussions, organizing and attending scientific meetings and conferences, managing and leading scientific staff, and carrying out Research Program management duties (including service on the JRC).
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FTE Commitments. On a calendar quarter-by-calendar quarter basis, each Party will devote to the conduct of the R&D Program FTEs in accordance with the average staffing set forth in the then-current R&D Plan.
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FTE Commitments. 2.3.1 For each twelve (12)-month period in the Research Program Term, [***] and [***] shall commit the appropriate number of FTE’s to carry out their respective obligations under the Research Program. The Parties shall ensure that all FTEs and all other of their personnel, employees, and agents involved in the Research Program comply with the confidentiality provisions of this Agreement. For purposes of this Section 2.3, Roche acknowledges that InterMune FTEs include FTEs contracted by InterMune under the [***] to perform funded research, and that unless InterMune, using Commercially Reasonable Efforts, is able to extend the funded research being performed by [***] FTEs under the [***] or execute an agreement with a Third Party contract research organization to assume such research activities comparable to those being performed by [***] FTEs under the [***], then InterMune’s FTE commitment under this Agreement will expire on June 30, 2007, with respect to FTE efforts provided under the [***]; provided, however, that InterMune shall only be required to use [***] to extend the funded research being performed by [***] FTEs under the [***] or execute an agreement with a Third Party contract research organization to perform such comparable research activities if InterMune determines in its sole discretion that doing so is necessary for InterMune to perform its obligations under the Research Plan.
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Related to FTE Commitments

  • Revolving Commitments (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time on any Business Day during the Commitment Period, at such times as the Borrower may request in accordance with Section 2.2, in an aggregate principal amount at any one time outstanding which, when added to such Lender’s Applicable Percentage of the aggregate principal amount of Swingline Loans then outstanding, does not exceed the amount of such Lender’s Commitment; provided, however, that (i) no Revolving Loan shall be made to the extent the aggregate unpaid principal amount of all Loans would exceed the Total Commitments, (ii) no Borrowing Base A Loans shall be made to the extent that the aggregate unpaid principal amount of all Borrowing Base A Loans would exceed the aggregate Loan Value of the Pledged Eligible Assets (including the Pledged Eligible Assets referred to in Section 2.2(a)(ii) with respect to such Revolving Loan) and (iii) no Borrowing Base B Loans shall be made to the extent that the aggregate amount of all Borrowing Base B Loans would exceed the Borrowing Base B Limit; provided further that Borrowing Base B Loans may not be borrowed on any date in any rolling period of 90 consecutive days if Borrowing Base B Loans have already been outstanding for 30 days during such period. During the Commitment Period, the Borrower may borrow, prepay the Revolving Loans in whole or in part, and reborrow, all in accordance with the terms and conditions hereof. (b) The Borrower shall repay all outstanding Revolving Loans on the Termination Date. (c) The failure of any Lender to make any Revolving Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Revolving Loans as required.

  • The Commitments (a) Subject to and upon the terms and conditions set forth herein, each Lender severally agrees to make on and after the first Initial Borrowing Date and prior to the Commitment Termination Date and at the times specified in Section 2.02 term loans to the Borrower (each a “Loan” and collectively the “Loans”), which Loans (i) shall bear interest in accordance with Section 2.06, (ii) shall be denominated and repayable in Dollars, (iii) shall be disbursed on any Borrowing Date, (iv) disbursed on any Borrowing Date shall not exceed on such Borrowing Date for all Lenders the Dollar Equivalent of the maximum available amount for such Borrowing Date as set forth in Section 2.02, (v) disbursed on any Borrowing Date shall not exceed for any Lender the Dollar Equivalent of the Commitment of such Lender on such Borrowing Date, (vi) disbursed on any Borrowing Date shall not exceed the Dollar Availability on any such Borrowing Date and (vii) shall not in the aggregate exceed the Dollar Maximum Amount. (b) Loans disbursed to indirectly fund installments and delivery payments to the Yard in respect of (x) Vessel 1 together with 50% of the Loans disbursed to fund payments of the Hermes Premium hereunder shall be herein referred to as “Tranche A Loans” and (y) Vessel 2 together with 50% of the Loans disbursed to fund payments of the Hermes Premium hereunder shall be herein referred to as “Tranche B Loans”.

  • No Commitments Any commitment or transaction by Company (including, without limitation, any borrowing or capital expenditure) other than in the ordinary course of business consistent with past practice;

  • Loan Commitments (i) Subject to the terms and conditions hereof, each Lender with an Initial Tranche A Term Loan Commitment severally agrees to make, on the Closing Date, one or more term loans (each, an “Initial Tranche A Term Loan”) to the Borrower in Dollars in an amount equal to such Lender’s Initial Tranche A Term Loan Commitment. The Borrower may make only one borrowing under the Initial Tranche A Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a)(i) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a) and 2.12, all amounts owed hereunder with respect to the Initial Tranche A Term Loans shall be paid in full no later than the Maturity Date applicable to such Initial Tranche A Term Loans. Each Lender’s Initial Tranche A Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Initial Tranche A Term Loan Commitment on such date. (ii) Subject to the terms and conditions hereof, each Lender with an Initial Tranche B Term Loan Commitment severally agrees to make, on the Closing Date one or more term loans (each, an “Initial Tranche B Term Loan”) to the Borrower in Dollars in an amount equal to such Lender’s Initial Tranche B Term Loan Commitment. The Borrower may make only one borrowing under the Initial Tranche B Term Loan Commitment which shall be on the Closing Date. Any amount borrowed under this Section 2.1(a)(ii) and subsequently repaid or prepaid may not be reborrowed. Subject to Sections 2.11(a) and 2.12, all amounts owed hereunder with respect to the Initial Tranche B Term Loans shall be paid in full no later than the Maturity Date applicable to such Initial Tranche B Term Loans. Each Lender’s Initial Tranche B Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s Initial Tranche B Term Loan Commitment on such date.

  • Total Commitment The sum of the Commitments of the Banks, as in effect from time to time.