CSP Steering Committee Clause Samples

CSP Steering Committee. No later that *** after the Effective Date, the parties shall establish a CSP Steering Committee (the "CSP Steering Committee"). The CSP Steering Committee shall consist of *** representatives designated by PD and *** representatives designated by Aurora. Each representative will have one vote resulting in each party having exactly ***. Decisions by the CSP Steering Committee will be made by unanimous vote, at a meeting where a quorum of *** are present. The CSP Steering Committee will meet at least three times per year at mutually agreed upon times and locations using mutually agreed upon meeting formats, including tele- and video-conferencing. On an alternating basis, one party shall promptly prepare and deliver to the members of the CSP Steering Committee minutes in respect thereof, for review and approval by both parties. *** The CSP Steering Committee will *** Promptly following mutual agreement on the selection of each target, the CSP Steering Committee will coordinate the preparation of a work plan (a "CSP Work Plan"), which
CSP Steering Committee. No later than thirty (30) days after the Effective Date, the parties shall establish a CSP Steering Committee (the "CSP Steering Committee"). The CSP Steering Committee shall consist of three (3) representatives designated by Merck and three (3) representatives designated by Aurora. Each representative will have one vote resulting in each party having exactly three votes. Decisions by the CSP Steering Committee will be made by unanimous vote, requiring a quorum of four voting representatives. The CSP Steering Committee will meet at least three times per year at mutually agreed upon times and locations using mutually agreed upon meeting formats, including tele- and video-conferencing; provided, that the members of the CSP Steering Committee shall use reasonable efforts to schedule such meetings at least thirty (30) calendar days prior to each payment date for the quarterly payments required pursuant to Section 3.1.