definiens: shall mean $ [ * * * ] per FTE per Cidara Calendar Year ( pro - rated for the period beginning on theExecution Date and ending on the last day of the ﬁrst Cida ra Calendar Year of the Term ) . The FTE Rate shall be adjustedannually, based on changes in the Consumer Price Index for all Urban Consumers for July of the prior year to July of thecurrent year, as published by the U.S. Department of Labo r, Bureau of Labor Statistics, available athttp://www.bls.gov/cpi/home.htm . FTE Rate changes shall b e eﬀective as of January 1 of each Cidara Calendar Year d uringthe Research Program Term, with the ﬁrst adjustment taking eﬀect on January 1, 2022 . The Parties acknowledge that th eFTE Rate covers all salary, other compensation, employee be neﬁts and routine supplies and includes overhead for ordirectly allocable to an FTE