Term of the Development Program Sample Clauses

The 'Term of the Development Program' clause defines the duration for which the development program will be in effect. It typically specifies the start and end dates of the program, or outlines conditions under which the term may be extended or terminated early. This clause ensures that both parties have a clear understanding of the timeline for deliverables and obligations, thereby preventing misunderstandings about the program's expected timeframe and providing a framework for planning and performance assessment.
Term of the Development Program. The Development Program shall continue for so long as the Parties agree, subject to the oversight and direction of the JMT, to pursue marketing approval for not less than one Development Compound.
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Term of the Development Program. The activities in the Development Program are planned to be completed and the Development Program will expire following the Effective Date (the “Development Term”), unless shortened or extended upon recommendation of the JSC and written agreement of the Parties, or earlier terminated pursuant to Section 11.3. Without limiting the foregoing, the JSC shall, at least prior to expiry of the Development Term (or any extension thereof), discuss whether sufficient time remains to complete the Development Program in accordance with the Development Plan within the remainder of the Development Term or whether any extension hereof is advisable.
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Term of the Development Program. The Development Program shall continue for so long as ▇▇▇▇▇▇▇ Pharma continues development and seeks marketing approval for not less than one Compound.
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Term of the Development Program. The Development Program shall commence on the Effective Date and continue until the expiration of the Initial Term of the Development Program. Notwithstanding the foregoing, unless earlier terminated pursuant to Section 14.4 below the Development Program may be renewed for additional one (1)-year periods (each such period an "Extension Period") upon mutual agreement of the parties; provided that neither party shall be obligated to approve any such renewal and shall have no liability whatsoever by reason of any failure to agree on any such renewal.
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Related to Term of the Development Program

  • Development Program A. Development activities to be undertaken (Please break activities into subunits with the date of completion of major milestones) B. Estimated total development time

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in ▇▇▇▇▇, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Research Term The Research Program will be carried out during the two (2) year period following the Effective Date, unless this Agreement is terminated in accordance with Article 13 (such period, as may be extended pursuant to this Section 3.2, being the “Research Term”). BMS shall have the option to extend the Research Term for three (3) additional one (1) year periods on a year-by-year basis after the initial two (2) year period. At least one hundred eighty (180) days prior to the scheduled expiration of the Research Term (i.e., the applicable anniversary of the Effective Date) BMS will provide Ambrx with a nonbinding, good faith indication of whether or not BMS intends to extend the Research Term. In order to exercise its option to extend the Research Term, BMS must provide Ambrx a written notice exercising BMS’ option to extend the Research Term at least ninety (90) days prior to the scheduled expiration of the Research Term (i.e., the applicable anniversary of the Effective Date). If BMS does not provide such written notice, the Research Term will end when scheduled (i.e., on the applicable anniversary of the Effective Date). For each extension of the Research Term, subject to Section 3.4, the JRC will prepare an update to the Research Plan which will include an updated Budget for the BMS-funded Ambrx FTEs to perform the work required under such Research Plan and the projected Third Party Costs.

  • Development Period The Contractor may commence pre-construction activities like utility shifting, boundary wall construction or any other activity assigned to the Contractor by the Authority to enable construction of the Project Highway immediately after signing of the Agreement, to the extent that such work is ready for execution. The Parties agree that these works may be taken up and completed to the extent feasible by the Contractor, before declaration of the Appointed Date, but no claim against the Authority for delay shall survive during this period and that the undertaking of these works by the Contractor shall not count towards the Scheduled Construction Period of the project which starts counting only from the Appointed Date. No construction activity of the Project Highway shall be undertaken during the development period.

  • Professional Development Program (a) The parties agree to continue a Professional Development Program for the maintenance and development of the faculty members' professional competence and effectiveness. It is agreed that maintenance of currency of subject knowledge, the improvement of performance of faculty duties, and the maintenance and improvement of professional competence, including instructional skills, are the primary professional development activities of faculty members. (b) Information collected as part of this program shall be the sole property of the faculty member. This information or any judgments arising from this program shall not be used to determine non-renewal or termination of a faculty member's contract, suspension or dismissal of a faculty member, denial of advancement on the salary scale, nor affect any other administrative decisions pertaining to the promotion or employment status of the faculty member. (c) A joint advisory committee consisting of three regular faculty members who shall be elected by and are P.D. Committee Chairpersons and three administrators shall make recommendations for the operation, financing and management of the Professional Development Program.