Common use of Research Program Subcontracts Clause in Contracts

Research Program Subcontracts. With the prior approval of ----------------------------- and budgeting by the Research Committee, Maxygen may enter into agreements with Third Parties for the performance of activities in furtherance of the Research Program. Zeneca shall have the right to review and comment on such agreements prior to execution, and shall have the right to veto the acceptance of the best draft achievable of such agreements. If the Research Committee approves such funding, Zeneca shall be responsible for directly paying to the Third Party all compensation required to be paid pursuant to such Agreement and/or for reimbursing Maxygen for reasonable out of pocket costs not exceeding the budget agreed by the Research Committee incurred in entering into such agreements.