Common use of Members; Officers Clause in Contracts

Members; Officers. Immediately after the Effective Date, the Parties shall establish a joint commercialization committee (the "Joint Commercialization Committee" or "JCC"), which shall consist of an equal number of representatives from each of the Company and BMS, up to a maximum total of eight members on such Committee. Each of the Company and BMS may replace any or all of its representatives on the JCC at any time upon written notice to the other in accordance with Section 16.5 of this Agreement. Such representatives shall include individuals within the senior management of each such Party, and those representatives of each such Party shall, individually or collectively, have clinical experience and expertise in marketing and sales. Any member of the JCC may designate a substitute to temporarily attend and perform the functions of that member at any meeting of the JCC. The Company and BMS each may, in its discretion, invite non-member representatives of such Party to attend meetings of the JCC. The JCC shall be chaired by a representative of BMS. The secretary of the JCC shall be a representative of the Company.

Appears in 3 contracts

Samples: Development, Promotion, Distribution and Supply Agreement, Development, Promotion, Distribution and Supply Agreement (Imclone Systems Inc/De), Development, Promotion, Distribution and Supply Agreement (Imclone Systems Inc/De)

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Members; Officers. Immediately after the Effective Date, the Parties shall establish a joint commercialization committee (the "Joint Commercialization CommitteeJOINT COMMERCIALIZATION COMMITTEE" or "JCC"), which shall consist of an equal number of representatives from each of the Company and BMS, up to a maximum total of eight members on such Committee. Each of the Company and BMS may replace any or all of its representatives on the JCC at any time upon written notice to the other in accordance with Section 16.5 of this Agreement. Such representatives shall include individuals within the senior management of each such Party, and those representatives of each such Party shall, individually or collectively, have clinical experience and expertise in marketing and sales. Any member of the JCC may designate a substitute to temporarily attend and perform the functions of that member at any meeting of the JCC. The Company and BMS each may, in its discretion, invite non-member representatives of such Party to attend meetings of the JCC. The JCC shall be chaired by a representative of BMS. The secretary of the JCC shall be a representative of the Company.

Appears in 1 contract

Samples: Development, Promotion, Distribution and Supply Agreement (Bristol Myers Squibb Co)

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