Protocol Steering Committee Clause Samples

Protocol Steering Committee. (a) COMPANY and MAYO and MAYO Investigator shall use commercially reasonable efforts to establish a protocol steering committee (“Protocol Steering Committee” or “PSC”) within thirty (30) days following the Effective Date of this Agreement. The PSC shall include representatives from each Party and shall provide a forum for the Parties to discuss and agree upon any applicable research and development plans, research protocols and results arising from any research efforts undertaken hereunder in connection with the collaboration between the Parties under this Agreement to research and develop Licensed Technology Products. The Parties shall establish a schedule of meetings and other applicable procedures in connection with PSC meetings to enable the PSC to meet not less frequently than once per each calendar quarter during the Know-How Term of this Agreement or with such greater frequency as the Parties may mutually agree upon. For the Term, subject to MAYO policies and as long as the MAYO Investigator is an employee of MAYO, the MAYO Investigator shall participate on the PSC by teleconference or in person. (b) COMPANY shall compensate MAYO for the MAYO Investigator’s role on the PSC at the hourly rate of [**] for a total not to exceed [**] in the aggregate accrued for any given 12-month period of the Term. It is understood and agreed between the Parties that the MAYO Investigator will not be required to expend more than a maximum of forty (40) hours (“Service Time”) per 12-month period of the Term in his participation on the PSC. COMPANY shall pay MAYO the hourly rates set forth for travel time, provided said travel time has been requested and approved in advance by COMPANY. Said travel time shall be paid at [**] per hour up to a maximum of eight (8) hours each way for domestic travel and up to a maximum of twelve (12) hours each way for international travel. Travel time will be included in the calculation of Service Time. COMPANY agrees to reimburse MAYO for ▇▇▇▇'▇ actual reasonable travel and lodging expenses related to travel required for the MAYO Investigator 's participation on the PSC. All such travel must be at COMPANY'S prior written request. All travel and lodging expenses shall be governed by and subject to COMPANY's travel policies as made known to MAYO and the MAYO Investigator from time to time. COMPANY shall not make any advances for travel expenses. COMPANY also agrees to reimburse MAYO for, miscellaneous, reasonable out-of-pocket expenses rel...