Common use of Executive Oversight Committee Clause in Contracts

Executive Oversight Committee. Within thirty (30) days following the Effective Date, the Parties shall establish an oversight committee of executives, which shall include an equal number of executives from each Party, including, without limitation, each Party’s Project Manager, as well as at least one (1) general business executive from each Party and one (1) technical representative from each Party. This Executive Oversight Committee (“EOC”) will meet to discuss any large overarching questions or issues, as well as to monitor the progress of the Project, discuss future plans, and the relationship between the Parties. The EOC will have no formal voting authority, but it is expected to work towards consensus decisions on matters of concern to the Parties.