Common use of Meetings and Minutes Clause in Contracts

Meetings and Minutes. The JDC shall meet quarterly, or as otherwise agreed to by the Parties, with the location of any in-person JDC meetings alternating between locations designated by Xxxxxxx and locations designated by Forest (with the place of the first meeting to be determined by Xxxxxxx). The co-chairpersons of the JDC shall be responsible for calling JDC meetings on no less than 10 Business Days’ notice. Each Party shall make all proposals for agenda items and shall provide all appropriate information with respect to such proposed items at least five Business Days in advance of the applicable JDC meeting; provided, however, that under exigent circumstances requiring input by the JDC, a Party may provide its agenda items to the other Party within a shorter period of time in advance of the applicable JDC meeting, or may propose that there not be a specific agenda for a particular JDC meeting, so long as the other Party consents to such later addition of such agenda items or the absence of a specific agenda for such JDC meeting (which consent shall not be unreasonably conditioned, withheld or delayed). The co-chairpersons of the JDC shall prepare and circulate for review and approval of the Parties minutes of each JDC meeting within 30 days after such JDC meeting. The Parties shall agree on the minutes of each JDC meeting promptly, but in no event later than the next JDC meeting.

Appears in 2 contracts

Samples: Option Agreement (Trevena Inc), Option Agreement (Trevena Inc)

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Meetings and Minutes. The JDC shall meet quarterly, or at such frequency as otherwise agreed to by the Parties, either in person or by tele-/videoconference with the location venue of any the in-person JDC meetings alternating between locations designated by Xxxxxxx In4Derm and locations designated by Forest (with the place of the first meeting to be determined by Xxxxxxx)VYNE. The co-chairpersons chairperson of the JDC shall be responsible for calling JDC meetings on no less than 10 Business Daysthirty (30) days’ notice. Each Party shall make all proposals for agenda items and shall provide all appropriate information with respect to such proposed items at least five Business Days ten (10) days in advance of the applicable JDC meeting; provided, however, provided that under exigent circumstances requiring input by the JDC, a Party may provide its agenda items to the other Party within a shorter period of time in advance of the applicable JDC meeting, or may propose that there not be a specific agenda for a particular JDC meeting, so long as the other Party consents to such later addition of such agenda items or the absence of a specific agenda for such JDC meeting (which consent shall not be unreasonably conditioned, withheld or delayed)meeting. The co-JDC may adopt such standing rules as necessary for its work, so long as such rules are not inconsistent with this Agreement. A quorum of the JDC exists whenever there is present at a meeting at least one (1) representative appointed by each Party. The chairpersons of the JDC (or their designee) shall prepare and circulate for review and approval of the Parties minutes of each JDC meeting within 30 thirty (30) days after such JDC meetingthe meeting for the Parties’ review and approval. The Parties shall agree on the minutes of each JDC meeting promptly, but in no event later than within ten (10) days following circulation of the next draft minutes. All JDC meetingmeetings, documents, and minutes are the Confidential Information of both Parties.

Appears in 1 contract

Samples: License Agreement (VYNE Therapeutics Inc.)

Meetings and Minutes. The JDC shall meet quarterly, semi-annually or as otherwise agreed to by the Parties, with the location of any in-person JDC such meetings alternating between locations designated by Xxxxxxx Licensee and locations designated by Forest (with ArQule. Either Party shall have the place of the first meeting right to be determined by Xxxxxxx). The co-chairpersons of the JDC shall be responsible for calling JDC call meetings on no not less than 10 *** Business Days' notice unless exigent circumstances require shorter notice. Each Party shall make all proposals for agenda items at least *** Business Days in advance of the applicable meeting and shall provide all appropriate information with respect to such proposed items at least five *** Business Days in advance of the applicable JDC meeting; provided, however, provided that under exigent circumstances requiring input by the JDC, a Party may provide its agenda items to the other Party within a shorter period of time in advance of the applicable JDC meeting, meeting or may propose that there not be a specific agenda for a particular JDC meeting, so long as the other Party consents to such later addition of such agenda items or the absence of a specific agenda for such JDC meeting (which consent shall not be unreasonably conditionedwithheld, withheld conditioned or delayed). The co-chairpersons chairperson of the JDC (or his or her designee) shall prepare and circulate the meeting agenda at least *** Business Days in advance of the meeting, and shall prepare and circulate for review and approval of the Parties minutes of each JDC meeting within 30 days as promptly as possible after such JDC the meeting. The Parties shall agree on the minutes of each JDC meeting promptly, but in no event later than the next JDC meetingmeeting of the JDC.

Appears in 1 contract

Samples: License Agreement (Arqule Inc)

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Meetings and Minutes. The JDC shall meet quarterly, or at such frequency as otherwise agreed to by the Parties, either in person or by tele-/videoconference with the location venue of any the in-person JDC meetings alternating between locations designated by Xxxxxxx Tay and locations designated by Forest (with the place of the first meeting to be determined by Xxxxxxx)VYNE. The co-chairpersons chairperson of the JDC shall be responsible for calling JDC meetings on no less than 10 Business Daysthirty (30) days’ notice. Each Party shall make all proposals for agenda items and shall provide all appropriate information with respect to such proposed items at least five Business Days ten (10) days in advance of the applicable JDC meeting; provided, however, provided that under exigent circumstances requiring input by the JDC, a Party may provide its agenda items to the other Party within a shorter period of time in advance of the applicable JDC meeting, or may propose that there not be a specific agenda for a particular JDC meeting, so long as the other Party consents to such later addition of such agenda items or the absence of a specific agenda for such JDC meeting (which consent shall not be unreasonably conditioned, withheld or delayed)meeting. The co-JDC may adopt such standing rules as necessary for its work, so long as such rules are not inconsistent with this Agreement. A quorum of the JDC exists whenever there is present at a meeting at least one (1) representative appointed by each Party. The chairpersons of the JDC (or their designee) shall prepare and circulate for review and approval of the Parties minutes of each JDC meeting within 30 thirty (30) days after such JDC meetingthe meeting for the Parties’ review and approval. The Parties shall agree on the minutes of each JDC meeting promptly, but in no event later than within ten (10) days following circulation of the next draft minutes. All JDC meetingmeetings, documents, and minutes are the Confidential Information of both Parties.

Appears in 1 contract

Samples: License Agreement (VYNE Therapeutics Inc.)

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