Common use of JRC Responsibilities Clause in Contracts

JRC Responsibilities. In addition to its overall responsibility for monitoring the activities of the Parties under any Research Plan, the JRC shall, in particular: (a) work to resolve any disputes, controversy or claim between the Parties arising during the performance of any Research Plan and related to the matters under the authority of the JRC; (b) review and approve the allocation of resources and efforts necessary to perform the Research Plans to the extent not agreed by the applicable JPT; (c) review and approve any material amendments to any Research Plan proposed by the applicable JPT; (d) upon Acceptance of a Selected Target and prior to finalizing the Research Plan for such Selected Target, review and approve the initial Lead Candidate Criteria for such Selected Target to be included in such Research Plan; (e) prepare and approve, or review and approve to the extent initially prepared by the applicable JPT, modifications and/or additions to the Lead Candidate Criteria applicable to a given Selected Target and Research Plan; (f) oversee the implementation of the Research Plans; (g) ensure that each Party is informed regarding all material activities performed by the other Party under any Research Plan; (h) maintain a list of all Research Plan Compounds identified under each Research Plan; (i) review each Research Plan Compound for compliance with Lead Candidate Criteria and assess viability of any Research Plan Compound which does not meet or otherwise is not in compliance with the Lead Candidate Criteria in accordance with Clause 5.1 and discuss selection of Research Plan Compounds as Selected Candidates by Lilly; and CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE IT IS BOTH (I) NOT MATERIAL AND (II) IS THE TYPE THAT THE REGISTRANT TREATS AS PRIVATE OR CONFIDENTIAL. (j) perform such other functions as may be agreed to by the Parties (in each case subject to Clause 2.3) or as specified in this Agreement.