Common use of Consideration by Senior Executives Clause in Contracts

Consideration by Senior Executives. If a Dispute is not resolved in the normal course of business at the operational level, the Parties shall attempt in good faith to resolve the Dispute by negotiation between executives. Either Party may initiate the executive negotiation process by providing a written notice to the other (the “Initial Notice”). Within fifteen (15) days after delivery of the Initial Notice, the receiving Party shall submit to the other a written response (the “Response”). The Initial Notice and the Response shall include (a) a statement of the Dispute and of each Party’s respective position and (b) the name and title of the executive who will represent that Party and of any other person who will accompany the executive. The Parties agree that such executives shall have full and complete authority to resolve any Disputes submitted pursuant to this Section 4.2. Such executives will meet in person or by teleconference or video conference within thirty (30) days of the date of the Initial Notice to seek a resolution of the Dispute. If the executives are unable to agree to a format for such meeting, the meeting shall be convened by teleconference.

Consideration by Senior Executives. If a Dispute is not resolved in the normal course of business at the operational level, the Parties parties shall attempt in good faith to resolve the Dispute by negotiation between executivesthe Groups’ executives who hold, respectively, the office of Vice President (or a more senior office). Either Party party may initiate the executive negotiation process by providing a written notice to the other (the “Initial Notice”). Within fifteen (15) days after delivery of the Initial Notice15 days, the receiving Party party shall submit to the other a written response (the “Response”). The Initial Notice and the Response shall include (ai) a statement of the Dispute and of each Partyparty’s respective position and (bii) the name and title of the executive who will represent that Party party and of any other person who will accompany the executive. The Parties parties agree that such executives shall have full and complete authority to resolve any Disputes submitted pursuant to this Section 4.27.2. Such executives will meet in person or by teleconference or video conference within thirty (30) 30 days of the date of the Initial Notice to seek a resolution of the Dispute. If In the event that the executives are unable to agree to a location or format for such meeting, the meeting shall be convened by teleconference.

Consideration by Senior Executives. If a Dispute is not resolved in the normal course of business at the operational level, the Parties parties shall attempt in good faith to resolve the Dispute by negotiation between executivesthe Chief Executive Officers of each Party. Either Party party may initiate the executive negotiation process by providing a written notice to the other (the “Initial Notice”). Within fifteen (15) 15 days after delivery of the Initial Notice, the receiving Party party shall submit to the other a written response (the “Response”). The Initial Notice and the Response shall include (a) a statement of the Dispute and of each Partyparty’s respective position and (b) the name and title of the executive who will represent that Party party and of any other person who will accompany the executive. The Parties parties agree that such executives shall have full and complete authority to resolve any Disputes submitted pursuant to this Section 4.2. Such executives will meet in person or by teleconference or video conference within thirty (30) days of the date of the Initial Notice to seek a resolution of the Dispute. If In the event that the executives are unable to agree to a format for such meeting, the meeting shall be convened by teleconference.

Consideration by Senior Executives. If a Dispute is not resolved in the normal course of business at the operational level, the Parties parties shall attempt in good faith to resolve the Dispute by negotiation between executives. Either Party party may initiate the executive negotiation process by providing a written notice to the other (the “Initial Notice”). Within fifteen (15) days after delivery of the Initial Notice, the receiving Party party shall submit to the other a written response (the “Response”). The Initial Notice and the Response shall include (a) a statement of the Dispute and of each Partyparty’s respective position and (b) the name and title of the executive who will represent that Party party and of any other person who will accompany the executive. The Parties parties agree that such executives shall have full and complete authority to resolve any Disputes submitted pursuant to this Section 4.2. Such executives will meet in person or by teleconference or video conference within thirty (30) days of the date of the Initial Notice to seek a resolution of the Dispute. If the executives are unable to agree to a format for such meeting, the meeting shall be convened by teleconference.