definiens: means any Collaboration Compound, [COMPANY] DevelopmentCompound ( excluding, for purposes of this Section 1.54, a [COMPANY] Follow - on Compound ), or Licensed Product ( excluding, for purposes of this Section 1.54, a Licensed Product containing a [COMPANY] Follow - on Compound ), as applicable, for whichGlobeImmune retains or obtains, as applicable, the exclusive right to conduct Development and Commercialization under thisAgreement or [COMPANY] ’s exclusive rights hereunder terminate with respect to such Collaboration Compound, CelgeneDevelopment Compound, or Licensed Product, including, for example:(a ) any and all Collaboration Compounds for which [COMPANY] does not exercise its [COMPANY] ProgramOption during the [COMPANY] Program Option Period, as described in Sections 4.1.3 and 4.1.7;(b ) any and all Collaboration Compounds, [COMPANY] Development Compounds, and Licensed Products ifthis Agreement is terminated by [COMPANY] pursuant to Section 11.3.1, or by [COMPANY] pursuant to Section 11.2.1 or 11.4;(c ) any and all [COMPANY] Development Compounds and Licensed Products within any Program that isterminated by [COMPANY] pursuant to Section 11.3.2, as described in Section 4.1.4 ; or(d ) any and all Collaboration Compounds if this Agreement is terminated in its entirety pursuant toSection 11.1.3 because [COMPANY] elects not to exercise a [COMPANY] Program Option for any of the Drug Candidate Programs orFuture Programs