MEETINGS AND DECISIONS. 2.1 The Management Board shall meet bi-monthly and shall be held within the Western Bay region as determined by the Management Board.
MEETINGS AND DECISIONS. The Management Committee shall meet at least once annually and otherwise on ten (10) days written notice given by either Party. Such notices shall be accompanied by an agenda of matters to be discussed and/or decided at the meeting. Other than as provided in this Section 4.3 and subject to Section 6.4(c) below, all decisions of the Management Committee shall be by majority vote. Each Party's representative shall be entitled to a vote equal to the Participating Interest such Party holds. In the event of a deadlocked vote the Operator shall have the deciding vote, except that the following decisions shall require the unanimous approval of the Management Committee: (a) acquisition or disposition of Property; (b) conduct of business other than for exploration, development or mining of the Property; (c) borrowing or entering into any form of credit arrangement which involves the pledge of all or part of any Party's Participating Interest; (d) any subsequent changes in the definition of the authority and responsibilities of the Operator; (e) approval of any subsequent revisions in the accounting procedures as adopted by the Venture; (f) except as set forth in Section 6.4(c), material changes to approved Programs and Budgets that would require a call for a cash contribution from the Parties not previously approved as part of a Program and Budget; (g) whether to establish a tax partnership for federal income tax purposes; (h) adoption of annual programs and budgets; (i) production decisions; and (j)
MEETINGS AND DECISIONS. 2.1 The Steering Group shall meet regularly to jointly evaluate the collaboration, including its progress towards meeting Project objectives. Meetings shall be held at a venue to be agreed between the Parties.
MEETINGS AND DECISIONS. The Joint Research Committee shall meet at least once each Calendar Quarter at such locations as shall be determined by the Joint Research Committee. Each Party shall bear its owns expenses related to attendance of such meetings by its representatives. At the first such meeting, which shall take place within 30 days after the Effective Date, the Joint Research Committee shall discuss any necessary or recommended changes in the Research Program. The Joint Research Committee may meet by means of teleconference or video conference or other similar communications equipment. The Joint Research Committee shall confer and make decisions regarding the status and direction of the Research Program and the other matters specified in the Research Program and shall also consider, advise and make decisions regarding any technical, budgetary or economic matters relating to the Research Program. Decisions of the Joint Research Committee shall be made by a majority of the members. In the event that the Joint Research Committee cannot or does not, after good faith efforts, achieve a majority on an issue, the Chief Executive Officer of Transcell, or his designee, acting as the duly authorized representative of Transcell, and the Executive Vice President of Merck Research Laboratories, acting as the duly authorized representative of Merck, shall discuss the matter and attempt, in good faith, to reach agreement with respect to such decision. In the event that the Chief Executive Officer of Transcell, or his designee, and the Executive Vice President of Merck Research Laboratories shall be unable to reach agreement, Merck shall, in its sole discretion, make the final decision; provided, however, that (i) in the event Merck determines that in increased number of FTE's are required to carry out a stage of the Research Program, Merck shall be responsible for the costs of such FTE's at the same rate provided for in Section 5.2(b) of this Agreement and (ii) any changes to the Research Program which could affect the provisions of Article V hereof require the written approval of both Parties.
MEETINGS AND DECISIONS a. The Board, from time to time, shall adopt a schedule for the holding of regular meetings and shall post a notice of the schedule in at least one public place in DW1, DW2, the Service Area outside DW1 and DW2 and at the LPC Clerk’s office. Such meetings may then be held without additional notice to the Directors.
MEETINGS AND DECISIONS. All significant matters relating to the Project will be decided by the Project Board which will also put in place any structure to manage the Project that it agrees, provided it is consistent with the Grant Agreement. Quorum for a meeting of the Project Board will be not less than [50%] of the Parties' voting Representatives (or their proxies) which must include the Lead Partner's voting Representative (or its proxy). The Project Board will first meet on [insert]. Following the first meeting, the Project Board will meet every [insert] months at a venue and time agreed by Parties at the first meeting or at the previous meeting. Meetings of the Project Board will normally coincide with times of reporting or submissions to the Authority. Additional meetings of the Project may be convened with at least [insert] days' prior written notice to all other Parties, which notice must include a draft agenda. The chair will circulate an agenda, board papers and other supporting documents for each meeting of the Project Board no less the [five] days prior to the meeting. Each Party, through its voting Representative, will have [one] vote on decisions of the Project Board. Decisions will be taken by a majority vote. In the event of a tied vote, the chair will have the deciding vote. The chair will draft minutes of each meeting of the Project Board and share those minutes to the other Parties within [five] days of the meeting. The minutes will be considered as accepted by the Parties if, within [10] days of receipt of the minutes, no Party has objected in writing to the chair. FINANCIAL MANAGEMENT, REPORTING AND AUDIT Each Party is responsible for keeping all books of accounts and Accounting Records of its own financial affairs in relation to the Project and for dealing with its own tax affairs. Without limiting the generality of clause 45, each Project Partner agrees to: provide to the Authority or the Lead Partner any data, information, Materials, access to personnel, access to facilities, undertaking, statement and/or other items requested by the Authority or the Lead Partner; procure from third parties any other data, information, Materials, access to personnel, access to facilities, undertaking, statement and/or other items; and submit to any audit, review, inspection or examination, as required for compliance with the Grant Agreement.
MEETINGS AND DECISIONS. 5. The Board shall:
MEETINGS AND DECISIONS. The group shall:-
MEETINGS AND DECISIONS. 3. The Team shall:
MEETINGS AND DECISIONS. 2.1 The Management Board shall meet quarterly, and at dates to be arranged in advance, with a minimum of four meetings to be held in any Year.
