Common use of OPERATING MANAGEMENT Clause in Contracts

OPERATING MANAGEMENT. Mr. Xxxxxxx Xxxxxx or his designate shall act as project manager overseeing the development of the Protect a Pal product and any related ventures. IMLF will provide technical and managerial assistance and monitor project development on a regular basis. Xxxxxx will provide operating budgets, work plans, and regular progress reports. Xxxxxx shall be the sole judge of how to conduct the development and production of Glacier's products. Glacier may choose to conduct its marketing in a different fashion than that contemplated by IMLF in Canada. However, IMLF reserves are right to "piggyback" any marketing arrangements made by Glacier Medical with international sales and distribution companies specializing in the medical field for its exclusive use in the Canadian market. A management committee shall be formed consisting of one representative from Glacier Medical and one representative from IMLF. The management committee shall be responsible for policy decisions that effect product development or production and shall approve all work plans and budgets submitted by the operator. So far as possible, all disputes for differences within the management committee shall be settled by discussion and mutual agreement. Failing such, each party's representative shall vote that party's percentage interest, a majority interest prevailing.