definiens: means the period of time beginning on the Effective Date and ending on the later of ( a ) the date onwhich no Development or Commercialization activities for any Licensed Compound or Licensed Product are ongoing and, according to the Joint Development Committee and Joint Commercialization Committee, no additional Development orCommercialization activities, respectively, are expected to commence under this Agreement during the Agreement Term;(b ) the date on which ( i ) no development or commercialization activities for any or ( each as defined in the ACE-011 Agreement ) under the ACE-011 Agreement are ongoing and, according to theapplicable development and commercialization committees thereunder, no additional development or commercializationactivities, respectively, are expected to commence under the ACE-011 Agreement during its term and ( ii ) all option rightsunder the ACE-011 Agreement have been forfeited with respect to each with respect to which Celgenehas made an to [COMPANY] ( as each such term is defined in the ACE-011 16 THIS EXHIBIT HAS BEEN REDACTED AND IS THE SUBJECT OF A CONFIDENTIAL TREATMENTREQUEST