Common use of Joint Research Committee Clause in Contracts

Joint Research Committee. Within [* * *] after the Effective Date, the Parties shall establish a cross-functional, joint research committee (the “JRC”) composed of three (3) senior representatives from each Party that will oversee and manage the collaboration between the Parties with respect to each Program during the Research Term. The JRC may, from time to time, establish subcommittees as it deems necessary to further the purposes of this Agreement. Each Party shall appoint its respective representatives to the JRC from time to time, and may change its representatives, in its sole discretion, effective upon notice to the other Party designating such change. The representatives from each Party shall have appropriate technical credentials, experience and knowledge pertaining to and ongoing familiarity with the Research and applicable Programs. One (1) of the Lilly representatives on the JRC shall be designated the JRC Chair (the “JRC Chair”). The JRC Chair will be responsible for calling meetings of the JRC, circulating agendas and performing administrative tasks required to assure efficient operation of the JRC but shall not have any extra or additional vote.

Joint Research Committee. Within [* * *] The Parties will establish, as soon as practicable after the Effective Date, the Parties shall establish a cross-functional, joint research committee Joint Research Committee (the “JRC”) composed of three (3) senior representatives from each Party that will to oversee and manage coordinate the collaboration between activities of the Parties with respect to each Program during under the Research TermProgram. The JRC mayshall be comprised of two (2) employees from Celgene and two (2) employees from Zymeworks, from time or such other equal number as the Parties may agree. Subject to timethe foregoing, establish subcommittees as it deems necessary to further the purposes of this Agreement. Each each Party shall appoint its respective representatives to the JRC from time to time, and may change its representatives, in its sole discretion, effective upon notice to the other Party designating such change. The representatives Representatives from each Party shall have appropriate technical credentials, experience and knowledge pertaining to and ongoing familiarity with the Research and applicable ProgramsProgram. One (1) of the Lilly representatives on members of the JRC appointed by Zymeworks shall be designated the JRC Chair chairperson (the “JRC Chair”). The JRC Chair will be responsible for calling meetings of the JRC, circulating agendas agenda and performing administrative tasks required to assure efficient operation of the JRC. The JRC but shall not have any extra or additional votebe promptly disbanded upon completion of the Research Program.