Common use of JSC Functions Clause in Contracts

JSC Functions. The JSC’s responsibilities with respect to the Research Program are as follows: (i) Overseeing and coordinating the activities of the Parties under the Research Program; (ii) Periodically reviewing the progress of the Research Program; (iii) Updating or modifying the Work Plans, including by making changes to payments to be made to AbCellera as and to the extent necessary to cover extensions of the Work Plan or reduce payments if less work will be performed; (iv) Determining the Critical Success Factors (as proposed by Project Leaders) for each Project that will be conducted for a Lilly Target; (v) Determining, at any point during a Project that at least one Hit developed for the Project meets or exceeds Critical Success Factors, in which case the JSC shall advance the Lead to Lilly; and (vi) Determining whether a Project is not achievable for any reason, and a Lilly Target (relative to other target opportunities) no longer warrants further research under the Research Program.