Common use of Separation Committee Procedures Clause in Contracts

Separation Committee Procedures. The Separation Committee shall establish general procedures for managing the responsibilities delegated to it under this Clause 19 (Separation Committee), and may modify such procedures from time to time. All decisions by the Separation Committee or any subcommittee thereof shall be effective only if mutually agreed by both Parties. The Parties shall utilise the procedures set forth in Clause 41 (Dispute Resolution) to resolve any matters as to which the Separation Committee is not able to reach a decision.

Appears in 3 contracts

Samples: Separation and Distribution Agreement (Alcon Inc), Separation and Distribution Agreement (Alcon Inc), Separation and Distribution Agreement (Alcon Inc)

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Separation Committee Procedures. The Separation Committee shall establish general procedures for managing the responsibilities delegated to it under this Clause 19 18 (Separation Committee), ) and may modify such procedures from time to time. All decisions by the Separation Committee or any subcommittee thereof shall be effective only if mutually agreed in writing by both Parties. The Parties shall utilise utilize the procedures set forth in Clause 41 38 (Dispute Resolution) to resolve any matters as to which the Separation Committee is not able to reach a decision.

Appears in 1 contract

Samples: Separation and Distribution Agreement (Novartis Ag)

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