Common use of MEETINGS OF THE RMC Clause in Contracts

MEETINGS OF THE RMC. The RMC: (a) shall hold meetings at such times and places as shall be determined by the RMC (it being expected that meetings will alternate between the U.S. and European offices of each party) but in no event shall such meetings be held in person less frequently than once every three (3) months during the first two (2) years after the Effective Date; (b) may conduct meetings in person or by telephone conference, provided that meetings by telephone conference shall not reduce the number of meetings in person specified in paragraph (a) above; (c) by mutual consent of the representatives of each Party, may invite other senior personnel of their organization to attend meetings of the RMC, as appropriate however such other senior personnel shall not have any duties of an RMC member. (d) may act without a meeting if prior to such action a written consent thereto is signed by all members of the RMC; (e) may form and subsequently disband subcommittees with appropriate representation from each party; and (f) may amend or expand upon the foregoing procedures for its internal operation by unanimous written consent.