definiens: means ( a ) any Optioned Product, ( b ) any Degrader Compound Directed To the same Target as such Optioned Product, which Deg rader Compound was identified, synthesized and Researched by or on behalf of [COMPANY] or its Affiliat es prior to the expiration of the applicable Resear ch Term or Target Exclusivity Period, whichever is longer and has achieved the Degrader Compound Selection Milest one ( or was otherwise selected by the JSC as a Selected Degrader Compound ), ( c ) any Degrader Compound Dire cted To the same Target as such Optioned Product and whi ch Degrader Compound was identified, synthesized an d Researched by or behalf of [COMPANY] or its Affiliates prior to the expiration of the applicable Research Term or Target Exclusivity Period, whichever is longer and is disclosed in any Patent Controlled by [COMPANY] or a ny of its Affiliates as of the Effective Date or thereafter d uring the Term that claims any Invention developed, conceived or reduced to practice in the course of performing Research activities prior to the expiration of the applicable Research Term or Target Exclusivity Period, whichev er is longer, or ( d ) any other product that constit utes, incorporates, comprises or contains the entirety of such compound described in sub - clause ( b ) or ( c ) ( whether or not as the sole active ingredient, and in all forms, presentations and formulations including manner o f delivery and dosage )