Common use of Membership on the ASC Clause in Contracts

Membership on the ASC. The Parties shall establish an alliance steering committee (the "ASC") consisting of [**] members, [***] of whom shall be appointed (and may be removed by the Company and whose expenses shall be borne by the Company, and [***] of whom shall be appointed by (and may be removed) by CFFTI and whose expenses shall be borne by CFFTI. Each of the members of the ASC shall be required to enter into a confidentiality agreement reasonably acceptable to the Company and CFFTI in connection with their appointment to the ASC. The Company and CFFTI shall each appoint one of its members on the ASC as its "Team Leader". The goal of the ASC shall be to facilitate the Company's development of the Products, its regulatory approval, and the commercial launch of the Products.

Appears in 4 contracts

Samples: Strategic Alliance Agreement (Altus Pharmaceuticals Inc.), Strategic Alliance Agreement (Altus Pharmaceuticals Inc.), Strategic Alliance Agreement (Altus Pharmaceuticals Inc.)

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