FTE

FTE. The full-time equivalent effort, based on an employee working one thousand eight hundred eighty (1,880) hours per year, of one employee who participates directly in the research and development activities contemplated under this Agreement and who has appropriate scientific or technical expertise given his/her responsibilities under the Research Plan.

FTE. A full time equivalent of an employee for one calendar year

FTE. The full time equivalent of a scientist engaged in performing services under this Agreement

FTE. Shall mean one person who is a SCYNEXIS employee and is engaged on a full-time basis (i.e., at least 40 hours per week) on the Services Team. For the sake of clarity, a FTE is one named person and is not a "full-time equivalent" of 40 hours of work provided by more than one SCYNEXIS employee.

FTE. Devoted to or in support of the conduct of a Study under a Study Plan and that is carried out by one or more employees of Replimune or Regeneron (or their respective Affiliates), as applicable, or any prorated portion thereof.

FTE. A level of effort equal to forty (40) hours per week during the Providing Party's (or its applicable Affiliate's) business hours.

FTE. Means a full-time employee of a Party working over the course of a twelve (12) month period, or several employees of a Party collectively working the equivalent of such full-time employee. FTEs shall be calculated based on the time an employee of the Parties spends working on a billable effort as recorded by such Parties' project time reporting system.