Common use of Formation; Composition Clause in Contracts

Formation; Composition. Within […***…] of the Effective Date, the Parties will establish a joint steering committee (the “Joint Steering Committee” or “JSC”) comprised of […***…] representatives from each Party with sufficient seniority within the applicable Party to make decisions arising within the scope of the JSC’s responsibilities. The JSC may change its size from time to time by mutual consent of its members, provided that the JSC will consist at all times of […***…] representatives of each of Penn and Licensee. Each Party may replace its JSC representatives at any time upon written notice to the other Party.

Formation; Composition. Within […***…] of the Effective Date, the Parties will establish a joint steering committee (the “Joint Steering Committee” or “JSC”) comprised of […***…] three (3) representatives from each Party with sufficient seniority within the applicable Party to make decisions arising within the scope of the JSC’s responsibilities. The JSC may change its size from time to time by mutual consent of its members, provided that the JSC will consist at all times of […***…] an equal number of representatives of each of Penn and Licensee. Each Party may replace its JSC representatives at any time upon written notice to the other Party.

Formation; Composition. Within […***…] sixty (60) days of the Effective Date, the Parties will establish a joint steering committee (the “Joint Steering Committee” or “JSC”) comprised of […***…] three (3) representatives from each Party with sufficient seniority within the applicable Party to make decisions arising within the scope of the JSC’s responsibilities. The JSC may change its size from time to time by mutual consent of its members, provided that the JSC will consist at all times of […***…] an equal number of representatives of each of Penn and Licensee. Each Party may replace its JSC representatives at any time upon written notice to the other Party.

Formation; Composition. Within […***…] of following the Effective Date, the Parties will shall establish a joint steering committee (the “Joint Steering Committee” or “JSC”) comprised Committee composed of […***…] representatives from of each Party with sufficient seniority within Party, each of whom shall have appropriate technical credentials, experience and knowledge to carry out the applicable Party to make decisions arising within the scope responsibilities of the JSC’s responsibilities. The JSC Each Party may change its size representatives to the JSC from time to time by mutual consent of in its memberssole discretion, provided that the JSC will consist at all times of […***…] representatives of each of Penn and Licensee. Each Party may replace its JSC representatives at any time effective upon written notice to the other PartyParty of such change. The JSC will be chaired by [***].

Formation; Composition. Within […***…] of the Effective Date, the Parties will establish a joint steering committee (the “Joint Steering Committee” or “JSC”) comprised of […***…] representatives from each Party with sufficient seniority within the applicable Party to make decisions arising within the scope of the JSC’s responsibilities. The JSC may change its size from time to time by mutual consent of its members, provided that the JSC will consist at all times of […***…] an equal number of representatives of each of Penn Licensor and Licensee. Each Party may replace its JSC representatives at any time upon written notice to the other Party.