Nasdaq Corporate Governance. The transactions contemplated under this letter agreement comply with all the rules and regulations of the Nasdaq Capital Market.
Nasdaq Corporate Governance. The transactions contemplated under this letter agreement comply with all the rules and regulations of the Nasdaq Capital Market.
Collaboration Governance Board. As of the Effective Date, the Parties have established a board to govern their collaboration under this Agreement (the “Collaboration Governance Board” or the “CGB”), composed of an equal number of up to employees of each Party, to oversee and guide the strategic direction of the collaboration of the Parties under this Agreement. The CGB shall act as a joint consultative body and, to the extent expressly provided herein, a joint decision-making body. The CGB shall in particular:
Joint Governance Committee. The Parties shall establish a committee (the “Joint Governance Committee” or “JGC”) as more fully described in this Section 4. The JGC shall have review, oversight, and decision-making responsibilities for all Commercialization activities performed under this Agreement. Each Party agrees to keep the JGC informed of its progress and activities under this Agreement.
Collaboration Governance Board. As of the Effective Date, the Parties have established a board to govern their collaboration under this Agreement (the “Collaboration Governance Board” or the “CGB”), composed of an equal number of up to employees of each Party, to oversee and guide the strategic direction of the collaboration of the Parties under this Agreement. The CGB shall act as a joint consultative body and, to the extent expressly provided herein, a joint decision-making body. The CGB shall in particular:
Nasdaq Corporate Governance. To the Company’s knowledge, the transactions contemplated under this letter agreement comply with all rules of Nasdaq.
Corporate Governance Committee. A Non-Employee Director serving as Chairperson of the Corporate Governance Committee shall receive an additional annual retainer of $15,000 for such service. A Non-Employee Director serving as a member of the Corporate Governance Committee (other than the Chairperson) shall receive an additional annual retainer of $7,500 for such service.
Scope of Governance. Notwithstanding the creation of the JSC and/or any Working Group, each Party shall retain the rights, powers and discretion granted to it hereunder, and neither JSC nor any Working Group shall be delegated or vested with rights, powers or discretion unless such delegation or vesting is expressly provided herein, or the Parties expressly do so agree in writing. Neither JSC nor any Working Group shall have the power to amend or modify this Agreement, and their decisions shall not be in contravention of any terms and conditions of this Agreement. The Alliance Managers shall not have any rights, powers or discretion except as expressly granted to the Alliance Managers hereunder and in no event shall the Alliance Managers have any power to modify or amend this Agreement. It is understood and agreed that issues to be formally decided by the JSC are only those specific issues that are expressly provided in this Agreement to be decided by the JSC.
Cost of Governance. The Parties agree that the costs incurred by each Party in connection with its participation at any meetings under this Article 3 shall be borne .
Governance, Meetings and Reports. Provider acknowledges and agrees that one of the key business requirements of the BFA Recipients is for Provider to provide the Services in a consistent, integrated manner across all Provider locations, regardless of geography. To meet such requirement, Provider will organize its relationship with the BFA Recipients and its service delivery team in accordance with the governance committee, processes and procedures set forth in the Service Level Schedule and this Article 16.
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