definiens: Option Exercise PaymentPartiesPersonProduct(s)Research and Development ProgramRoute(s ) of AdministrationSpecifications " means the Research Collaboration and Option Agreement, dated as of December 3, 1997, between [COMPANY] and [COMPANY], incorporated herein by reference ; means a payment specified in an Appendix to the Option Agreemenc and the payment ofwhich is required upon the exercise of the Option ; means [COMPANY] and [COMPANY] ; means an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated association, joint venture, or other entity of whatever nature ; means, one or more commercial formulations of the Compound(s ) with one or more of the Carriers for the oral Route of Administration that complies with the Specifications, and licensed hereunder ; means the joint program of research and development work, with respect to the Field and the Product, being conducted or to be conducted by, inter alia, [COMPANY] and [COMPANY] for and on behalf of [COMPANY], for which both Parties are responsible, and which has been devised by and approved by the Steering Committee and is outside of the scope of the Program defined in the Option Agreement ; the Research and Development Program shall not include work for which [COMPANY] alone is responsible, such as clinical trials of Produd(s ) ; means administration of the Compound(s ) by routes including, but not limited to, oral, nasal, buccal, intraocular, sublingual, injectable ( such as by subcutaneous, depot, intramuscular, intraperitoneal or intravenous injection ), vaginal and pulmonary dosing ; only the oral route is licensed hereunder ; means the specifications for each of the Carriers or ProduCI(S ) as approved by the relevant Health Authority, as well as such other specifications which may be agreed upon by the Parties in writing ; 10 Confidential Treatment Full Text : Confidential treatment requested for portions of this document marl(ed with gray higbJighting 1.2 In this Agreement : means the management committee appointed by [COMPANY] and [COMPANY] to oversee the Research and Development Programs related to the Product(s ), as provided for In the Option Agreement ; means all the countries of the world