Composition of JDC Clause Samples

Composition of JDC. If SP Ltd. elects to establish the JDC ------------------ pursuant to Section 4.8.1 hereof, The JDC shall be composed of up to three (3) representatives from each of SP Ltd. and Zonagen, and a quorum shall consist of at least one (1) JDC representative from each Party. In any matter before the JDC, each Party shall have one (1) vote, and no action shall be taken except by the unanimous vote of the JDC. A Party's representatives shall serve at the discretion of such Party and may be substituted for or replaced at any time by such Party. The JDC shall be chaired by a representative of SP Ltd.. The Chairperson shall be responsible for calling meetings, preparing agendas and preparing and issuing minutes of each meeting within thirty (30) days thereafter.