Common use of Negotiation Between Executives Clause in Contracts

Negotiation Between Executives. The Parties shall attempt in good faith to resolve any dispute arising out of or relating to this Option Agreement promptly by negotiation between executives who have authority to settle the controversy and who are at a higher level of management than the persons with direct responsibility for administration of this Agreement. Any Party may give the other Party notice of any dispute not resolved in the normal course of business. Such notice shall include: (a) a statement of that Party’s position and a summary of arguments supporting that position; and (b) the name and title of the executive who will be representing that Party and of any other person who will accompany the executive (“Initial Notice”). Within seven (7) days after delivery of the Initial Notice, the receiving Party shall respond with: (a) a statement of that Party’s position and a summary of arguments supporting that position; and (b) the name and title of the executive who will represent that Party and of any other person who will accompany the executive. Within fifteen (15) days after delivery of the Initial Notice, the executives of both Parties shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to attempt to resolve the dispute. All reasonable requests for information made by one Party to the other will be honored. All negotiations pursuant to this clause are confidential and shall be treated as compromise and settlement negotiations for purposes of applicable rules of evidence.

Negotiation Between Executives. The Parties shall attempt in good faith to resolve any dispute arising out of or relating to this Option Agreement Agreement, promptly by negotiation between executives who have authority to settle the controversy and who are at a higher level of management than the persons with direct responsibility for administration of this Agreement. Any Party may give the other Party written notice of any dispute not resolved in the normal course of business. Such notice shall include: (a) a statement of that Party’s 's position and a summary of arguments supporting that position; and (b) the name and title of the executive who will be representing that Party and of any other person who will accompany the executive (“Initial Notice”)executive. Within seven fifteen (715) days after delivery of the Initial Noticenotice, the receiving Party shall respond with: (ai) a statement of that Party’s 's position and a summary of arguments supporting that position; and (bii) the name and title of the executive who will represent that Party and of any other person who will accompany the executive. Within fifteen thirty (1530) days after delivery of the Initial Noticeinitial notice, the executives of both Parties shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to attempt to resolve the dispute. All reasonable requests for information made by one Party to the other will be honoredhonored except when prohibited by Law. All negotiations pursuant to this clause paragraph are confidential and shall be treated as compromise and settlement negotiations for purposes of applicable Law and rules of evidence.

Negotiation Between Executives. The With the exception of disputes relating to (i) a Settlement Amount or adjustment thereto, which shall be addressed as set forth in Section 7.2.3, or (ii) the calculation of the Market Exposure, which shall be addressed as set forth in Section 9.4, the Parties shall attempt in good faith to resolve any dispute arising out of or relating to this Option Agreement promptly by negotiation between executives who have authority to settle the controversy and who are at a higher level of management than the persons with direct responsibility for administration of this Agreementcontract. Any Party may give the other Party written notice of any dispute not resolved in the normal course of business. Such notice shall include: (a) a statement of that Party’s position and a summary of arguments supporting that position; and (b) the name and title of the executive who will be representing that Party and of any other person who will accompany the executive (“Initial Notice”). Within seven five (75) days Business Days after delivery of the Initial Notice, the receiving Party shall respond with: (a) a statement of that Party’s position and a summary of arguments supporting that position; and (b) the name and title of the executive who will represent that Party and of any other person who will accompany the executive. Within fifteen (15) days Business Days after delivery of the Initial Notice, the executives of both Parties shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to attempt to resolve the dispute. All reasonable requests for information made by one Party to the other will be honored. All negotiations pursuant to this clause are confidential and shall be treated as compromise and settlement negotiations for purposes of applicable rules of evidence.

Negotiation Between Executives. The Parties shall attempt in good faith to promptly resolve any dispute arising out of or relating to this Option Agreement promptly by negotiation between executives who have authority to settle the controversy and who are at a higher level of management than the persons Persons with direct responsibility for administration of this Agreement. Any Either Party may give the other Party (written) notice of any dispute not resolved in the normal course of business. Such notice shall include: (a) a statement of that Party’s 's position and a summary of arguments supporting that position; and (b) the name and title of the executive who will be representing that Party and of any other person Person who will accompany the executive (“Initial Notice”)executive. Within seven fifteen (715) days after delivery of the Initial Noticenotice, the receiving Party shall respond with: (ai) a statement of that Party’s 's position and a summary of arguments supporting that position; and (bii) the name and title of the executive who will represent that Party and of any other person Person who will accompany the executive. Within fifteen thirty (1530) days after delivery of the Initial Noticeinitial notice, the designated executives of both Parties shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, in good faith, to attempt to resolve the dispute. All reasonable requests for information made by one Party to the other will be honored. All negotiations pursuant to this clause are confidential Section 11.1 shall be confidential, subject to the provisions of Section 13.7 and shall be treated as compromise and settlement negotiations for purposes of applicable Law and rules of evidence.

Negotiation Between Executives. The Parties shall attempt in good faith to resolve any dispute arising out of or relating to this Option Agreement Agreement, promptly by negotiation between executives who have authority to settle the controversy and who are at a higher level of management than the persons with direct responsibility for administration of this Agreement. Any Party may give the other Party Parties written notice of any dispute not resolved in the normal course of business. Such notice shall include: (a) a statement of that Party’s position and a summary of arguments supporting that position; and (b) the name and title of the executive who will shall be representing that Party and of any other person who will shall accompany the executive (“Initial Notice”)executive. Within seven fifteen (715) days after delivery of the Initial Noticenotice, each of the receiving Party Parties shall respond with: (a) a statement of that Party’s position and a summary of arguments supporting that position; and (b) the name and title of the executive who will shall represent that Party and of any other person who will shall accompany the executive. Within fifteen thirty (1530) days after delivery of the Initial Noticeinitial notice, the executives of both all Parties shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to attempt to resolve the dispute. All reasonable requests for information made by one Party to the other will others shall be honored. All negotiations pursuant to this clause are confidential and shall be treated as compromise and settlement negotiations for purposes of applicable rules of evidence.

Negotiation Between Executives. The Parties shall attempt in good faith to resolve any dispute arising out of or relating to this Option Agreement Agreement, promptly by negotiation between executives who have authority to settle the controversy and who are at a higher level of management than the persons with direct responsibility for administration of this Agreement. Any Party may give the other Party written notice of any dispute not resolved in the normal course of business. Such notice shall include: (a) a statement of that Party’s 's position and a summary of arguments supporting that position; and (b) the name and title of the executive who will be representing that Party and of any other person Person who will accompany the executive (“Initial Notice”)executive. Within seven fifteen (715) days after delivery of the Initial Noticenotice, the receiving Party shall respond with: (ai) a statement of that Party’s 's position and a summary of arguments supporting that position; and (bii) the name and title of the executive who will represent that Party and of any other person Person who will accompany the executive. Within fifteen thirty (1530) days after delivery of the Initial Noticeinitial notice, the executives of both Parties shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to attempt to resolve the dispute. All reasonable requests for information made by one Party to the other will be honoredhonored except when prohibited by Law. All negotiations pursuant to this clause paragraph are confidential and shall be treated as compromise and settlement negotiations for purposes of applicable Law and rules of evidence.

Negotiation Between Executives. The Parties shall attempt in good faith to resolve any dispute arising out of or relating to this Option Agreement Agreement, promptly by negotiation between executives who have authority to settle the controversy and who are at a higher level of management than the persons person(s) with direct responsibility for administration of this Agreement. Any Party may give the other Party written notice of any dispute not resolved in the normal course of business. Such notice shall include: (ai) a statement of that Party’s position and a summary of arguments supporting that position; and (bii) the name and title of the executive who will be representing that Party and of any other person who will accompany the executive (“Initial Notice”)executive. Within seven fifteen (715) days after delivery of the Initial Noticenotice, the receiving Party shall respond with: (aA) a statement of that Party’s position and a summary of arguments supporting that position; and (bB) the name and title of the executive who will represent that Party and of any other person who will accompany the executive. Within fifteen thirty (1530) days after delivery of the Initial Noticeinitial notice, the executives of both Parties shall meet at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary, to attempt to resolve the dispute. All reasonable requests for information made by one Party to the other will be honored. All negotiations pursuant to this clause are confidential and shall be treated as compromise and settlement negotiations for purposes of applicable rules of evidence.