Common use of Joint Research Committee Clause in Contracts

Joint Research Committee. The Parties will establish, as soon as practicable after the Effective Date, a Joint Research Committee (the “JRC”) to oversee and coordinate the activities of the Parties under the Research Program. The JRC shall be comprised of two (2) employees from Celgene and two (2) employees from Zymeworks, or such other equal number as the Parties may agree. Subject to the foregoing, each Party shall appoint its respective representatives to the JRC from time to time, and may change its representatives, in its sole discretion, effective upon notice to the other Party designating such change. Representatives from each Party shall have appropriate technical credentials, experience and knowledge pertaining to and ongoing familiarity with the Research Program. One (1) of the members of the JRC appointed by Zymeworks shall be designated the JRC chairperson (the “JRC Chair”). The JRC Chair will be responsible for calling meetings of the JRC, circulating agenda and performing administrative tasks required to assure efficient operation of the JRC. The JRC shall be promptly disbanded upon completion of the Research Program.

Joint Research Committee. The Parties will establish, as soon as practicable Within [* * *] after the Effective Date, the Parties shall establish a Joint Research Committee cross-functional, joint research committee (the “JRC”) to composed of three (3) senior representatives from each Party that will oversee and coordinate manage the activities of collaboration between the Parties under with respect to each Program during the Research ProgramTerm. The JRC shall be comprised may, from time to time, establish subcommittees as it deems necessary to further the purposes of two (2) employees from Celgene and two (2) employees from Zymeworks, or such other equal number as the Parties may agreethis Agreement. Subject to the foregoing, each Each Party shall appoint its respective representatives to the JRC from time to time, and may change its representatives, in its sole discretion, effective upon notice to the other Party designating such change. Representatives The representatives from each Party shall have appropriate technical credentials, experience and knowledge pertaining to and ongoing familiarity with the Research Programand applicable Programs. One (1) of the members of Lilly representatives on the JRC appointed by Zymeworks shall be designated the JRC chairperson Chair (the “JRC Chair”). The JRC Chair will be responsible for calling meetings of the JRC, circulating agenda agendas and performing administrative tasks required to assure efficient operation of the JRC. The JRC but shall be promptly disbanded upon completion of the Research Programnot have any extra or additional vote.