definiens: means the cost of an FTE performing development work under the Development Plan, which rate shall be calculated as ( a ) for an employee, [ * ] of that employee ’ s annual salary, up to a maximum of [ * ] per FTE per year, or ( b ) for a contractor, that contractor ’s hourly rate of pay, up to a maximum of [ * ] per hour ; and ( ii ) means the equivalent of a full -time individual ’s work, at [ * ] hours per year, for a twe lve ( 12 ) -month period, performing development work under the Development Plan . For clarity, the Parties intend the FTE to be a unit of measurement used to calculate the amount of time dedicated to the performance of this Development Agreement . One FTE may constitute work performed by an individual whose time is dedicated solely to this Development Agreement or may be comprised of the efforts of several individuals, each of whom dedicates only part of his or her time to work under this Development Agreement