Common use of First Meeting Clause in Contracts

First Meeting. ‌ This meeting will be held no more than thirty (30) days after the Joint Adherence Committee has been unable to make a determination. Three (3) representatives from PACT and three (3) representatives from Equity are quorum for this meeting. The Executive Directors of both PACT and Equity (or their designates) must be present with voice but no vote. The representatives have freedom to resolve the issue by consensus or by majority vote. If a resolution is reached at this meeting, it is final and binding. The Executive Directors of PACT and Equity are responsible for recording and communicating decisions reached. If no resolution is reached, a second meeting will be held to reconsider the issue.

First Meeting. ‌ This meeting will be held no more than thirty (30) days after the Joint Adherence Committee has been unable to make a determination. Three (3) representatives from PACT and three (3) representatives from Equity are quorum for this meeting. The Executive Directors of both PACT and Equity (or their designates) must be present with voice but no vote. The representatives have freedom to resolve the issue by consensus or by majority vote. If a resolution is reached at this meeting, it is final and binding. The Executive Directors of PACT and Equity are responsible for recording and communicating decisions reached. If no resolution is reached, a second meeting will be held to reconsider the issue.