Common use of Formation; Composition Clause in Contracts

Formation; Composition. The Parties hereby establish a joint steering committee (the “Joint Steering Committee” or “JSC”), which shall have the responsibilities set forth in Section 1.1(b). Each Party shall initially appoint four (4) representatives to the JSC, all of whom will have sufficient seniority within such Party to make decisions arising within the scope of the JSC’s responsibilities and each of whom shall have experience in one of the following functions: research, development, commercialization and manufacturing. The Parties shall notify each other of their respective initial representatives to the JSC within […***…] Business Days after the Effective Date. The JSC may change its size from time to time if agreed by consensus among its members; provided that the JSC shall consist at all times of an equal number of representatives of each of Galapagos and Gilead. Each Party may replace its JSC representatives at any time upon written notice to the other Party. Either Party may invite non-members to participate in the discussions and meetings of the JSC provided notice is given to the other Party, and such non-members shall (i) be subject to confidentiality obligations at least as stringent as those set forth in ARTICLE XIII and (ii) have no voting authority at the JSC. The JSC shall have a chairperson, who shall serve for a term of one (1) year, and who shall be selected alternately, on an annual basis, by Galapagos or Gilead. The initial chairperson shall be selected by […***…]. The role of the chairperson shall be to convene and preside at meetings of the JSC. The chairperson shall have no additional powers or rights beyond those held by the other JSC representatives.

Formation; Composition. The Parties hereby establish a joint steering committee (the “Joint Steering Committee” or “JSC”), which shall have the responsibilities set forth in Section 1.1(b2.1(b). Each Party shall initially appoint four three (43) representatives to the JSC, all of whom will have sufficient seniority within such Party to make decisions arising within the scope of the JSC’s responsibilities and each of whom shall have experience in one of the following functions: research, development, commercialization and manufacturingresponsibilities. The Parties shall notify each other of their respective initial representatives to the JSC within […***…] Business Days after the Effective Date. The JSC may change its size from time to time if agreed by consensus among its members; provided that the JSC shall consist at all times of an equal number of representatives of each of Galapagos Assembly and Gilead. Each Party may replace its JSC representatives at any time upon written notice to the other Party. Either Party may invite non-members to participate in the discussions and meetings of the JSC provided notice is given to with the other Party’s prior approval, such approval not to be unreasonably conditioned, withheld or delayed, and such non-members shall (i) be subject to confidentiality obligations at least as stringent as those set forth in ARTICLE XIII XVII and (ii) have no voting authority at the JSC. The JSC shall have a chairperson, who shall serve for a term of one (1) year, and who shall be selected alternately, on an annual basis, by Galapagos Assembly or Gilead. The initial chairperson shall be selected by […***…]. The role of the chairperson shall be to convene and preside at meetings of the JSC. The chairperson shall have no additional powers or rights beyond those held by the other JSC representatives.

Formation; Composition. The Within thirty (30) days of the Effective Date, the Parties hereby will establish a joint steering committee (the “Joint Steering Committee” or “JSC”), which shall have ) comprised of one (1) representative from each Party (or any Affiliate of such Party) with sufficient engineering and management experience and expertise to meaningfully contribute to discussions regarding the responsibilities set forth in Section 1.1(bDevelopment Plan(s). Each Party shall initially appoint four (4) representatives to the JSC, all of whom such representative will have sufficient seniority within such Party to make decisions arising within the scope facilitate meetings of the JSC’s responsibilities JSC and each will be the first point of whom shall have experience in one of contact between the following functions: research, development, commercialization Parties with regard to questions relating to this Agreement or the overall business relationship and manufacturing. The Parties shall notify each other of their respective initial representatives to related matters between the JSC within […***…] Business Days after the Effective DateParties. The JSC may change its size from time-to-time to time if agreed by consensus among mutual consent of its members; , provided that the JSC shall will consist at all times of an equal number of representatives of each of Galapagos and GileadParty. Each Party may replace its JSC representatives at any time upon written notice to the other Party. Either Party Upon the prior approval of the representative(s) of the other member of the JSC in each instance, any member of the JSC may invite non-members to participate in the discussions and meetings of the JSC provided notice is given to the other Party, and that any such non-members shall (i) be subject to are bound by confidentiality obligations at least as stringent protective of the Parties as those set forth the provisions in ARTICLE XIII and (ii) have no voting authority at Article 4. Each meeting of the JSC. The JSC shall have will be co-chaired by a chairperson, who shall serve for a term representative of one (1) year, and who shall be selected alternately, on an annual basis, by Galapagos or Gilead. The initial chairperson shall be selected by […***…]each Party. The role of the chairperson shall chairpersons will be to convene and preside at meetings of the JSC. The chairperson shall chairpersons will have no additional powers or rights beyond those held by relative to any later-appointed JSC members. The chairpersons will alternate (i) preparing and circulating agendas; and (ii) ensuring preparation of minutes, in each case subject to the other JSC representativesapproval of the chairperson who did not prepare such agenda or minutes.