Common use of Resolution by Senior Executives Clause in Contracts

Resolution by Senior Executives. If the dispute remains unresolved for 30 days after the dispute notice has been delivered, Verenium or BP may refer such dispute to the President of Verenium and the Chief Executive Officer of BP, who shall meet in person or by telephone within 30 days after such referral to attempt in good faith to resolve such dispute. If such matter cannot be resolved by discussion of such officers within such 30-day period (as may be extended by mutual written agreement), such dispute shall be resolved in accordance with Section 10.4.

Appears in 3 contracts

Samples: Joint Intellectual Property Agreement, Joint Intellectual Property Agreement (Verenium Corp), Asset Purchase Agreement (Verenium Corp)

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Resolution by Senior Executives. If the dispute remains unresolved for 30 days after the dispute notice has been delivered, Verenium Licensee or BP may refer such dispute to the President of Verenium Licensee and the Chief Executive Officer of BP, who shall meet in person or by telephone within 30 days after such referral to attempt in good faith to resolve such dispute. If such matter cannot be resolved by discussion of such officers within such 30-day period (as may be extended by mutual written agreement), such dispute shall be resolved in accordance with Section 10.411.4.

Appears in 3 contracts

Samples: Bp License Agreement, Bp License Agreement (Verenium Corp), Asset Purchase Agreement (Verenium Corp)

Resolution by Senior Executives. If the dispute remains unresolved for 30 days after the dispute notice has been delivered, Verenium Licensee or BP may refer such dispute to the President of Verenium Licensee and the Chief Executive Officer of BP, who shall meet in person or by telephone within 30 days after such referral to attempt in good faith to resolve such dispute. If such matter cannot be resolved by discussion of such officers within such 30-day period (as may be extended by mutual written agreement), such dispute shall be resolved in accordance with Section 10.49.4.

Appears in 3 contracts

Samples: Sublicense Agreement, Sublicense Agreement (Verenium Corp), Asset Purchase Agreement (Verenium Corp)

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Resolution by Senior Executives. If the dispute remains unresolved for 30 days after the dispute notice has been delivered, BP or Verenium or BP may refer such dispute to the President of Verenium BP and the Chief Executive Officer of BPVerenium, who shall meet in person or by telephone within 30 days after such referral to attempt in good faith to resolve such dispute. If such matter cannot be resolved by discussion of such officers within such 30-day period (as may be extended by mutual written agreement), such dispute shall shall, except as limited in Section 2.8.5, be resolved in accordance with Section 10.412.4.

Appears in 2 contracts

Samples: Joint Development and License Agreement, Joint Development and License Agreement (Verenium Corp)

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