Full Time Equivalent

Full Time Equivalent. ("FTE") shall mean the amount of work equivalent to a full time employee working on a full time basis consistent with normal business and scientific practice (who works at least a forty (40) hour work week with normal vacation, holiday and sick time) working for DPI for a period of one year.

Full Time Equivalent. Shall have the meaning given in Schedule B.

Full Time Equivalent. Or "FTE" shall mean the percentage of an employment position's time devoted to a particular matter and is calculated by dividing the actual number of hours (if Non-Exempt) or days (if Exempt) worked per year on that particular matter, by the hours or days represented by the position's standard or customary full-time business year.

Full Time Equivalent. Shall mean one (1) or more employees of ArQule who, collectively, spend time and effort working on a specific project or task equivalent to the time and effort of one (1) full-time employee working on such project or task (approx. [*****] hours per year).

Full Time Equivalent. One (1) or more qualified full-time employee(s) of ArQule who, alone or collectively, spends one hundred percent (100%) of a forty (40) hour work week on a specific project or task (which is approximately 1700 man-hours reported at ArQule on the project in one year).