Common use of Option Exercise Notice Clause in Contracts

Option Exercise Notice. If GSK intends to exercise its Exclusive Option, GSK shall send within the Option Period a written notice to CureVac exercising such Exclusive Option (“Option Exercise Notice”). Following receipt of the Option Exercise Notice by CureVac, the Parties shall as soon as reasonably practicable agree a COVID R&D Plan and/or Commercialization plan, as applicable, for the further Development, Manufacture and Commercialization of the First-Gen COVID Vaccine Products.

Appears in 3 contracts

Sources: Covid Cla Amendment and Restatement Agreement (CureVac N.V.), Covid Collaboration and License Agreement, Covid Collaboration and License Agreement (CureVac N.V.)

Option Exercise Notice. If GSK intends to exercise its Exclusive Option, GSK shall send within the Option Period a written notice to CureVac exercising such Exclusive Option ("Option Exercise Notice"). Following receipt of the Option Exercise Notice by CureVac, the Parties shall as soon as reasonably practicable agree a COVID R&D Plan and/or Commercialization plan, as applicable, for the further Development, Manufacture and Commercialization of the First-Gen COVID Vaccine Products.

Appears in 1 contract

Sources: Covid Cla Third Amendment and Restatement Agreement (CureVac N.V.)