Solicitation Procedure Sample Clauses

Solicitation Procedure. Having so identified the TEA or up to four Candidates, SNI and EWS will jointly send to such TEA(s) or Candidates, seriatim as described above, a written description and proposal for the project (the “Proposal Package”). Neither EWS nor SNI will independently contact or discuss the matter with any Candidate; if a Candidate contacts either EWS or SNI or their representatives to discuss the project or request additional information, SNI or EWS, as the case may be, will immediately join the other party or a representative thereof in the response to or any discussion with the Candidate, and will not in any event proceed in discussions with the Candidate or such other party. SNI and EWS will agree on and jointly prepare the Proposal Package; it is assumed that the Proposal Package will be relatively brief, including only enough information to identify the parties, describe the specifics of their actuaries’ disagreement, include a copy of the Agreement, describe the function of the TEA in resolving the disagreement, and describe the limits and time frame within which the TEA’s work is to be completed. To facilitate the prompt creation of the Proposal Package: SNI will prepare a draft of the package which shall be reviewed promptly by EWS; reasonable changes and additions may be proposed by EWS; the final terms of the Proposal Package will consist of the draft proposed by SNI incorporating the reasonable changes and additions proposed by EWS. The final Proposal Package will be completed within 15 days from the date a copy of this letter is endorsed by EWS, or within seven days following receipt of the draft by EWS, whichever period ends later. EWS and SNI will jointly execute any engagement letter, fee agreement or any other documentation required by the selected TEA. EWS and SNI will equally share the fees and expenses of the TEA and each will promptly pay one-half of the amount charged on each invoice submitted by the TEA.

Solicitation Procedure