Committees, General. The Manager may, by resolution passed by the Manager, designate one or more committees of the LLC. Any such committee, to the extent provided in the resolution of the Manager, shall have and may exercise all the powers and authority of the Manager. Such committee or committees shall have such name or names as may be determined from time to time by resolution adopted by the Manager. Each committee shall keep regular minutes of its meetings and report the same to the Manager when required. No employees, consultants or representatives of Theravance Biopharma shall be members of any such committee, except for Permitted Consultants.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Theravance Inc), Limited Liability Company Agreement (Theravance Biopharma, Inc.)