definiens: or means the equivalent of a full - time scientific or technical employee’swork time over an accounting period ( including normal vacations, sick days and holidays ) based on [ … * * * … ] ( [ … * * * … ] ) hours per year . The portion of an FTE year devoted by a scientist to activities under the Research Programshall be determined by dividing ( a ) the number of hours during any accounting period devoted by such individual tosuch activities by ( b ) the product of eight ( 8) hours * the number of Business Days during such accounting period . Atminimum, [ … * * * … ] percent ( [ … * * * … ] % ) of the FTE positions will be at the PhD scientist level and the ratio oftechnical to administrative activities shall be no less than [ … * * * … ], respectively . For clarity, in no event shall anyindividual [COMPANY] employee be considered more than a single FTE for any accounting period