Example ContractsClausesComposition
Composition
Composition contract clause examples

Composition. The JSC shall be composed of an equal number of representatives [​] from each Party plus the Alliance Manager(s) in a [​] capacity. Each JSC representative shall have appropriate experience, knowledge and authority within such Party’s organization to carry out the duties and obligations of the JSC. Each Party shall name its initial JSC representatives and designate one of its representatives as the co-chair (each, a “Co-Chair”) for that Party.

Composition. The Plan shall generally be administered by the Compensation Committee (the “Committee”) of the Board of Directors of Gulf Island (the “Board”). The Committee shall consist of not fewer than two members of the Board, each of whom shall qualify as a “non-employee director” under Rule 16b-3 promulgated under the Securities Exchange Act of 1934, as amended (the “1934 Act”) or any successor rule.

Composition. Within ​ after the Effective Date, the Parties shall establish a committee to facilitate discussion and cooperation between the Parties with respect to intellectual property matters contemplated by this Article 14 (the “JPC”). Each Party shall initially appoint at least one (1) employee of such Party as representatives to the JPC, each such representative # having sufficient seniority and expertise in the prosecution, maintenance, enforcement and defense of Patent Rights to participate on the JPC, and # to be duly authorized under their respective company’s internal governance procedures to carry out the activities given to them under this Agreement. The JPC may change its size from time to time by mutual, unanimous consent of its members; provided that the JPC shall consist at all times of an equal number of representatives of each of Stoke and Acadia. Each Party may replace one or more of its JPC representatives at any time in its sole discretion upon written notice to the other Party. If agreed by the JPC, the JPC may invite non-members to participate in the discussions and meetings of the JPC; provided that such participants are under obligations of confidentiality consistent with this Agreement.

Composition. The Governance Team will be made up of at least one executive from each Party, at least one business liaison from each Party and at least one technical representative from each Party (provided that the total number of representatives from each Party will be the same), and will work together to formalize such collaboration through appropriate procedures and communications and to manage the implementation and execution of such collaboration. The Governance Team will operate by consensus, and the members will attempt to reach agreement on all matters related to the Integration. As of the Original Effective Date, the Parties’ Governance Team members are identified on Exhibit B.

Composition. The JSC shall consist of individuals appropriately qualified and of appropriate seniority and having decision-making authority to discuss and make decisions with respect to the Development, Manufacturing and Commercialization of Products in the Territory and shall be responsible for coordinating communications and managing the roles, responsibilities and timelines for such activities. The Joint Steering Committee shall be composed of four (4) members, two (2) of whom shall be nominated by Aguettant and two (2) of whom shall be nominated by AcelRx. Any member of the Joint Steering Committee may designate an appropriately qualified substitute to attend and perform the functions of that member at any meeting of the JSC. Each Party may, with the consent of the other Party, which consent shall not be unreasonably withheld or delayed, invite non-member representatives of such Party to attend meetings of the Joint Steering Committee.

Composition. The CPC shall consist of four (4) representatives from each Party, each with the requisite experience and seniority to enable such representative to make decisions on behalf of the Party it represents with respect to the issues falling within the jurisdiction of the CPC; provided, that [* * *]. Each individual appointed by a Party as a representative to the CPC shall be an employee of such Party or of such Party’s Affiliate. The Parties shall each select a chairperson for the CPC which shall serve as joint-chairpersons during the Term unless a Party determines to replace its chairperson. The CPC may allow observers from a Party to attend its meetings upon the other Party’s prior written consent.

Composition. The Joint Steering Committee shall be comprised of two (2) named representatives of each Party (or such other number as the Parties may agree) in addition to each Party’s Alliance Manager who are members ex-officio. The JSC will be led by two (2) co-chairs, one (1) appointed by each of the Parties. Each Party may replace one or more of its representatives, in its sole discretion, effective upon written notice to the other Party of such change.

Composition. Promptly after the establishment of the JSC, the Parties shall establish a project management team (the "Project Management Team" or the "PMT") consisting of key employees of both Parties performing or involved in the Research and Development activities during the Research Term. PMT shall be responsible for the daily Research and Development activities during the Research Term and be expected to make recommendations on issues therein. One of the Project Team members of each Party shall be appointed as a project manager (a "Project Manager") to coordinate its part of the Research and Development activities under Joint Development Plan during the Research Term. Either Party may change its Program Manager upon written notice to the other Party. A Program Manager may be a member of the JSC.

Composition. The Joint Steering Committee shall be comprised of two (2) named representatives of each Party (or such other number as the Parties may agree) in addition to each Party’s Alliance Manager who are members ex-officio. The JSC will be led by two (2) co-chairs, one (1) appointed by each of the Parties. Each Party may replace one or more of its representatives, in its sole discretion, effective upon written notice to the other Party of such change.

Composition. The Joint Steering Committee shall be comprised of two (2) named representatives of each Party (or such other number as the Parties may agree) in addition to each Party’s Alliance Manager who are members ex-officio. The JSC will be led by two (2) co-chairs, one (1) appointed by each of the Parties. Each Party may replace one or more of its representatives, in its sole discretion, effective upon written notice to the other Party of such change.

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