Common use of Meetings of the Steering Committee Clause in Contracts

Meetings of the Steering Committee. The Steering Committee shall conduct monthly telephone conferences during the Research Program, and quarterly telephone conferences during the MRI Development Program and RadioPharma Development Program, and shall prepare and deliver a brief written report describing the significant issues and discussions that take place during such conferences. A representative of the Steering Committee jointly appointed by its members shall provide each member with five (5) business days notice of the time of any such meetings and the proposed agenda with respect thereto, unless waived by all members. The Steering Committee shall meet at least once each quarter alternately at the parties' locations, or at such other times and locations as the Steering Committee determines. A representative of the Steering Committee jointly appointed by its members shall provide each member with five (5) business days notice of the time and location of meetings, unless such notice is waived by all members. If a designated representative of a party cannot attend any meeting of the Steering Committee, such party may designate a different representative for that meeting without notice to the other party, and the substitute member will have full power to vote on behalf of the permanent member. Except as otherwise provided in this Section 2, all actions and decisions of the Steering Committee will require the unanimous consent of all of its members. If the Steering Committee fails to reach agreement upon any matter, the dispute will be resolved in accordance with the procedures set forth in Section 8.3 below. Within ten (10) days following each quarterly meeting of the Steering Committee, the Steering Committee shall prepare and deliver, to both parties, a written report describing the decisions made, conclusions and actions agreed upon.

Meetings of the Steering Committee. The Steering Committee shall conduct monthly telephone conferences during the Research Program, and quarterly telephone conferences during the MRI Development Program and RadioPharma Development Program, and shall prepare and deliver a brief written report describing the significant issues and discussions that take place during such conferences. A representative of Unless otherwise determined by the Steering Committee jointly appointed by its members shall provide each member with five (5) business days notice of Committee, the time of any such meetings and the proposed agenda with respect thereto, unless waived by all members. The Steering Committee shall meet at least once each calendar quarter alternately at the parties' location of each party, or at other times, locations, or at such other times and locations as manner (e.g., telephone conferences) determined by the Steering Committee determinesCommittee. Each party shall bear its own costs incurred in connection with such meetings. A representative of the Steering Committee jointly appointed by its members shall provide each member with five (5) business days notice of the time and location of meetingseach quarterly meeting, unless such notice is waived by all members. If a designated representative of a party cannot attend any a meeting of the Steering Committee, such party may designate a different representative for that meeting without notice to the other party, and the substitute member will have full power to vote on behalf of the permanent member. Except as otherwise provided in this Section 2Agreement, all actions and decisions of the Steering Committee will require the unanimous consent of all of its members[*]. If the Steering Committee fails to reach agreement upon any matter, the dispute will be resolved in accordance with the procedures set forth in Section 8.3 Article 10 below. Within ten (10) business days following each quarterly meeting of the Steering Research Committee, a representative of the Steering Committee jointly appointed by its members shall prepare and ------------------ *Confidential treatment has been requested for the marked portion. deliver, to both parties, a written report describing the decisions madeprogram status and the issues, conclusions decisions, conclusions, and other actions agreed upontaken by the Steering Committee. The written minutes will be approved by the Steering Committee at its next quarterly meeting.

Meetings of the Steering Committee. The Steering Committee shall communicate regularly, but in no event less than monthly, via written project status reports through written communications means, including, without limitation, electronic mail. A member of the committee from each Party will promptly respond to such communications where appropriate within seven (7) days of its receipt by such member, In the event that questions or issues arise from such written communications that cannot be, or are not being effectively addressed by such written communications, or upon request by any member of the Steering Committee, the Steering Committee shall promptly conduct monthly one or more telephone conferences during the Research Program, and quarterly telephone conferences during the MRI Development Program and RadioPharma Development Program, to address such questions or issues and shall prepare and deliver to each Party a brief written report describing the significant issues and discussions that take place during such conferencestelephone conference(s). A representative of the Steering Committee jointly appointed by its members shall provide each member with five (5) business days notice of the time of any such meetings telephone conferences and the proposed agenda with respect thereto, unless waived by all members. The Steering Committee shall meet at least once each quarter alternately at the parties' locationsfacilities of ArQule, or at such other times and locations as the Steering Committee determines. A representative of the Steering Committee jointly appointed by its members shall provide each member with five (5) business days notice of the time and location of meetings, unless such notice is waived by all members. If a designated representative of a party Party cannot attend any meeting of the Steering Committee, such party Party may designate a different representative for that meeting without notice to the other partyParty, and the substitute member will have full power to vote on behalf of the permanent member. Except as otherwise provided in this Section 2, all actions and decisions of the Steering Committee will require the unanimous consent of all of its members. If the Steering Committee fails to reach agreement upon any matter, the dispute will be resolved in accordance with the procedures set forth in Section 8.3 13.5 below. Within ten (10) days following each quarterly meeting of the Steering Committee, the Steering Committee shall prepare and deliver, to both partiesParties, a written report describing the decisions made, conclusions and actions agreed upon.