Pmt. (a) Subsequent to the Effective Date, the PMT shall meet quarterly during the life of this Agreement to initiate, review or terminate jointly funded Projects, to consider Intellectual Property issues or to otherwise manage research and development relations pursuant to this Agreement. (b) The Parties will determine the size and membership of the PMT from time to time as necessary and appropriate to fulfill the PMT’s purposes under this Agreement; provided that each Party will have an equal number of representatives on the PMT. Each Party will designate its own Representatives to serve on the PMT. The PMT will act by unanimous decision.
Appears in 2 contracts
Sources: Intellectual Property Agreement (Philip Morris International Inc.), Intellectual Property Agreement (Altria Group, Inc.)