Common use of Security Committee Clause in Contracts

Security Committee. a. Composition – the Security Committee members shall consist of: i. one appointed voting representative from each Platinum Member, plus ii. non-voting Silver Member representatives who shall not count towards quorum. b. Responsibilities – the Security Committee shall be responsible for: i. the definition of the processes to ensure an auditable code base, as well as any associated certification artifacts (“Security Artifacts”); ii. annually elect a Representative on the Security Committee to serve as chair of the Security Committee; and iii. annually elect a security architect (the “Security Architect”), who may be different from the chair of the Security Committee.

Appears in 4 contracts

Sources: Directed Fund Participation Agreement, Directed Fund Participation Agreement, Directed Fund Participation Agreement

Security Committee. a. Composition – the Security Committee members shall consist of: i. one appointed voting representative from each Platinum Member, plus ii. non-voting Silver Member representatives who shall not count towards quorum. b. Responsibilities – the Security Committee shall be responsible for: i. the definition of the processes to ensure an auditable (secure) code base, as well as any associated certification artifacts (“Security Artifacts”); ii. annually elect a Representative on the Security Committee to serve as chair of the Security Committee; and iii. annually elect select a security architect (the “Security Architect”), who may be different from the chair of the Security Committee.

Appears in 1 contract

Sources: Directed Fund Participation Agreement

Security Committee. a. Composition – the Security Committee members shall consist of: i. one appointed voting representative from each Platinum Member, plus ii. non-voting Silver Member representatives who shall not count towards quorum. b. Responsibilities – the Security Committee shall be responsible for: i. the definition of the processes to ensure an auditable (secure) code base, as well as any associated certification artifacts (“Security Artifacts”); ii. annually elect a Platinum Representative on the Security Committee to serve as chair of the Security Committee; and iii. annually elect select a security certification architect (the “Security Certification Architect”), who may be different from the chair of the Security Committee.

Appears in 1 contract

Sources: Directed Fund Participation Agreement