Common use of CONCILIATION PROCESS Clause in Contracts

CONCILIATION PROCESS. At any time during the Term, upon the occurrence of one or more breaches under this Agreement, the Non-Breaching Party shall promptly deliver written notification to the alleged Breaching Party setting out in reasonable detail and in clear and concise language the good faith basis for and the specifics of such breach. Within the applicable cure period provided in Section 11.03, either Party has the right to demand the following meetings: (a) Upon fourteen (14) calendar days' notice, a meeting of the Program Coordinators for the purposes of, among other things: (i) assessing the good faith basis for the claimed breach; (ii) defining, assessing and prioritizing the alternatives reasonably available to cure such breach or to correct the circumstances or situations that gave rise to such breach so as to make its reoccurrence unlikely; and (iii) adopting by unanimous vote, one or more curative or corrective courses of action. (b) If, after meeting in accordance with Section 11.04(a), the Program Coordinators are unable to resolve the breach, a meeting of an advisory committee consisting of the President of Anam and the TI Executive Vice President responsible for the Semiconductor Group and two additional personnel of their choice, one of each from TI and Anam or Amkor for further attempts at resolution, upon fourteen (14) calendar days' notice. (c) If, after meeting in accordance with Section 11.04(b), such advisory committee is unable to resolve the dispute, a meeting of the respective Chief Executive Officer of each of TI and Anam for the purpose of attempting to resolve the breach, upon fourteen calendar days' notice.

CONCILIATION PROCESS. At any time during the Term, upon the occurrence of one or more breaches under this Agreement, the Non-Breaching breaching Party shall promptly deliver written notification to the alleged Breaching Party setting out in reasonable detail and in clear and concise language the good faith basis for and the specifics of such breach. Within the applicable cure period provided in Section 11.0313.03, either Party has the right to demand the following meetings: (a) 13.04.01 Upon fourteen (14) calendar days' notice, a meeting of the Program Coordinators project coordinators for the purposes of, among other things: (ia) assessing the good faith basis for the claimed breach; (iib) defining, assessing and prioritizing the alternatives reasonably available to cure such breach or to correct the circumstances or situations that gave rise to such breach so as to make its reoccurrence unlikely; and (iiic) adopting by unanimous vote, one or more curative or corrective courses of action. (b) 13.04.02 If, after meeting in accordance with Section 11.04(a)13.04.01, the Program Coordinators project coordinators are unable to resolve the breach, a meeting of an advisory committee consisting of the President Presidents of Amkor, Anam and the TI Executive Vice President responsible for the Semiconductor Group and two additional personnel of their choice, one of each from TI and Anam or Amkor for further attempts at resolution, upon fourteen (14) calendar days' notice. (c) 13.04.03 If, after meeting in accordance with Section 11.04(b)13.04.02, such advisory committee is unable to resolve the dispute, a meeting of the respective Chief Executive Officer of each of TI and Anam or Amkor for the purpose of attempting to resolve the breach, upon fourteen calendar days' notice.

CONCILIATION PROCESS. At any time during the Term, upon the occurrence of one or more breaches under this Agreement, the Non-Breaching breaching Party shall promptly deliver written notification to the alleged Breaching Party setting out in reasonable detail and in clear and concise language the good faith basis for and the specifics of such breach. Within the applicable cure period provided in Section 11.0314.03, either Party has the right to demand the following meetings: (a) 14.04.01 Upon fourteen (14) calendar days' notice, a meeting of the Program Coordinators project coordinators for the purposes of, among other things: (ia) assessing the good faith basis for the claimed breach; (iib) defining, assessing and prioritizing the alternatives reasonably available to cure such breach or to correct the circumstances or situations that gave rise to such breach so as to make its reoccurrence unlikely; and (iiic) adopting by unanimous vote, one or more curative or corrective courses of action. (b) 14.04.02 If, after meeting in accordance with Section 11.04(a)14.04.01, the Program Coordinators project coordinators are unable to resolve the breach, a meeting of an advisory committee consisting of the President Presidents of Amkor, Anam and the TI Executive Vice President responsible for the Semiconductor Group and two additional personnel of their choice, one of each from TI and Anam or Amkor for further attempts at resolution, upon fourteen (14) calendar days' notice. (c) 14.04.03 If, after meeting in accordance with Section 11.04(b)14.04.02, such advisory committee is unable to resolve the dispute, a meeting of the respective Chief Executive Officer of each of TI and Anam or Amkor for the purpose of attempting to resolve the breach, upon fourteen calendar days' notice.