Common use of Management of Development Activities Clause in Contracts

Management of Development Activities. (a) Within twenty (20) Business Days of the Effective Date, Novartis and Emisphere shall establish a steering committee (the “Steering Committee”) for the purpose of keeping each other informed of the progress of the Programme. The Steering Committee shall ensure that the Programme proceeds in a timely, coordinated, and well-planned fashion. It shall be made up of up to a maximum of six (6) members including one member from Novartis acting as chairman, with an equal number appointed by each of Novartis and Emisphere. Each Party shall appoint a central contact person (the “Alliance Manager”). In the event of deadlock on a vote of the Steering Committee, the chairman shall have the deciding vote; provided, however, that in no event shall Novartis have the right, without Emisphere’s prior written consent to determine any such issue in a manner that would require Emisphere to incur expenses or assume obligations not contemplated by this Agreement. Novartis shall be responsible for the drafting of a detailed work plan within sixty (60) Business Days from the execution of this Agreement to assure the timely completion of the Programme.

Management of Development Activities. (a) Within twenty (20) Business *** Days of the Effective Date, Novartis and Emisphere shall establish a steering committee (the “Steering Committee”) for the purpose of keeping each other informed of the progress of the Programme. The Steering Committee shall ensure that the Programme proceeds in a timely, coordinated, and well-planned fashion. It shall be made up of up to a maximum of six (6) members including one member from Novartis acting as chairman, with an equal number appointed by each of Novartis and Emisphere. Each Party shall appoint a central contact person (the “Alliance Manager”). In the event of deadlock on a vote of the Steering Committee, the chairman *** shall have the deciding vote; provided, however, that in no event shall Novartis have the right, without Emisphere’s prior written consent to determine any such issue in a manner that would require Emisphere to incur expenses or assume obligations not contemplated by this Agreement. Novartis shall be responsible for the drafting of a detailed work plan within sixty (60) *** Business Days from the execution of this Agreement to assure the timely completion of the Programme.