Common use of Staffing and Research Support Payments Clause in Contracts

Staffing and Research Support Payments. NIBRI will pay to Myogen: (a) [/\#/\]. The JSC shall determine the exact number of FTEs to be funded by NIBRI in any particular Research Year and the manner in which such FTEs shall be allocated under the Research Program. Between [/\#/\] FTEs shall be funded by NIBRI in any Research Year in connection with the Research Program. Any FTEs greater than [/\#/\]CONFIDENTIAL TREATMENT REQUESTED [/\#/\] require NIBRI's prior approval. The annual rate per FTE shall be [/\#/\]. The FTEs shall be funded in support of the Research Program under this Agreement. Payments due for each Research Year shall be made by NIBRI to Myogen [/\#/\]. All payments shall be made without deduction for withholding or other similar taxes, in United States dollars to the credit of such bank account as may be designated by Myogen in writing to NIBRI. Any payments which fall due on a date which is a legal holiday in the Commonwealth of Massachusetts may be made on the next following day which is not a legal holiday in the Commonwealth. In the event that NIBRI terminates its participation in the Research Program pursuant to Section 9.4, it shall nevertheless continue during the Wind-Down Period to fund: [/\#/\]

Appears in 2 contracts

Sources: Collaboration and Option Agreement (Myogen Inc), Collaboration and Option Agreement (Myogen Inc)