Development Term

Development Term. Shall mean the period ending upon the earlier of (i) completion of the Development Program, or (ii) three (3) years following the Effective Date, as may be extended for additional, consecutive one (1) year periods by written agreement of the parties.

Development Term. The period during which MASTER LICENSEE is authorized to establish Coffeehouses directly or through Affiliates under License Agreements and to grant Sublicenses under Sublicense Agreements, which period will commence on the Effective Date and expire, unless sooner terminated according to this Agreement's terms, eight (8) years from the Effective Date.

Development Term. The earlier of (i) completion of the Phase II clinical trial of the Compound included in the Development Program or (ii) the fifth anniversary of the Effective Date, as may be extended for additional, consecutive one (1) year periods by written agreement of the parties

Development Term. Means the period of time from the commencement of the Development Program until the earlier of (a) the termination or expiration of all obligations of Company to make royalty payments under Section 6.6 of this Agreement, or (b) the Trigger Date.

Development Term. The three (3) years following the Effective Date, as may be extended for additional, consecutive one (1) year periods by written agreement of the parties.