FTE Rate

Example Definitions of "FTE Rate"
FTE Rate. For one full time equivalent employee working for one full-time year (equal to [*]days of work during the year, holidays, vacation and sick-days included), an amount equal to $[*] per such full-time equivalent year of work.
FTE Rate. Means the mutual annual rate per FTE of either Party as set forth in the Preclinical Assessment Plans.
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