Joint Leadership Team. The Parties shall establish the JLT, which shall be comprised of an equal number of members of management from each of SLB and SEECO who are directly associated with the Project, which in no event shall be fewer than two (2) from each Party. The JLT shall convene periodically at such times as may be agreed upon by the members of the JLT for the purpose of fulfilling its functions and responsibilities. In no event shall the JLT meet less than once each calendar quarter, with the first such meeting to be held not later than thirty (30) days after the Effective Date of this Agreement. A majority of the JLT members must be present in order for the JLT to convene a meeting and the approval of a majority of all of the members of the JLT shall be required to take any action. Members of the JLT may be substituted by either Party at any time or from time to time upon prior written notice to the other Party. No action amending this Agreement or significantly modifying a Party’s rights or obligations hereunder shall be binding unless such action has been approved in writing by an officer of such Party with due authority to take such action. The JLT will have the following functions and responsibilities:
Appears in 4 contracts
Samples: Project Services Agreement, Project Services Agreement (Southwestern Energy Co), Project Services Agreement (Southwestern Energy Co)
