CREATION OF JDC Sample Clauses

CREATION OF JDC. If Signal exercises the Option pursuant to Section 5.4, then within ten (10) days thereafter the Parties will create a Joint Development Committee (the "JDC") with the purpose of providing direction, as provided herein, in the subsequent development through Regulatory Approval of Licensed Products, including without limitation, pre-clinical research, if any, and clinical research. The JDC will be composed of three (3) representatives appointed by each of Axys and Signal. Such representatives will include individuals with expertise and responsibilities in the areas of preclinical development and clinical development and other relevant areas of expertise. Either Party may replace any or all of its representatives at any time upon written notice to the other Party.
Sample 1
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CREATION OF JDC. If either Party exercises its Profit Share Option with respect to a Licensed Product or Released Product, pursuant to Section 5.3 and only after the first such exercise, then within [ * ] thereafter the Parties will create a Joint Development Committee [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
Sample 1

Related to CREATION OF JDC

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