Common use of PROMOTION COMMITTEE Clause in Contracts

PROMOTION COMMITTEE. The Promotion Committee will have an equal number of qualified members (as specified in Section 13.1) from each Party and will be accountable for meeting specific objectives as previously agreed to by the Joint Steering Committee, performing market research on a regular basis as approved by the Joint Steering Committee, and recommending potential modifications to the Marketing Plan identified in Article VI, and for submitting the Marketing Plan to the Joint Steering Committee for approval. In addition, the Promotion Committee will be accountable for assuring that the Marketing Plan is properly implemented by both Parties, in terms of the allocation of qualified personnel who will have specific accountabilities to meet the Marketing Plan objectives, and assuring that each Party performs its obligations under the Marketing Plan and under Article VI. Any disagreements or anticipated or actual failures by the Promotion Committee should be brought to the prompt attention of the Joint Steering Committee. Further, the Promotion Committee will be accountable for recommending to the Joint Steering Committee any proposed changes to the Marketing Plan. The Promotion Committee will provide regular progress and status reports to the Joint Steering Committee.