Common use of Arbitrator With Special Expertise Clause in Contracts

Arbitrator With Special Expertise. In the event of a dispute between the parties relating to the amount of other consideration payable under this Agreement, then, in addition to the procedure set forth in the previous subsection, the Arbitrator shall (A) be a partner or full member of an internationally recognized certified public accounting firm that is not an auditing firm for either party and has not provided material services to either party during the last two (2) year period prior to the date of ADR initiation and (B) have a meaningful biotechnology science and industry background.

Arbitrator With Special Expertise. In the event of a dispute between the parties relating to the amount of other consideration any amounts payable under this Agreement, then, in addition to the procedure set forth in the previous subsection, the Arbitrator shall (A1) be a partner or full member of an internationally recognized certified public accounting firm that is not an auditing firm for either party any Disputing Party and has not provided material services to either party any Disputing Party during the last two (2) year period prior to the date of ADR initiation and (B2) have a meaningful biotechnology science and industry background.

Arbitrator With Special Expertise. In the event of a dispute between the parties relating to the calculation of any royalties or the amount of other consideration payable under this Agreement, then, in addition to the procedure set forth in the previous subsection, the Arbitrator shall (Ai) be a partner or full member of an internationally recognized certified public accounting firm that which is not an auditing firm for either party and has not provided material services to either party during the last two (2) year period prior to the date of ADR initiation and (Bii) have a meaningful biotechnology science and industry background.