Common use of Resolution Committee Clause in Contracts

Resolution Committee. Either the Company or Gulf under Section 2.2 may request the formation of a committee ("Resolution Committee") to determine any of the matters provided for in such section. The Resolution Committee shall have three members, one person selected by Gulf, one member of the Company's Board of Directors selected by the Company (which member may be an officer or employee of the Company but shall not be an officer, director or employee of Gulf) and one member of the Company's Audit Committee selected by such Audit Committee. Each of Gulf and the Company agree to select the members of the Committee to be selected by them within ten (10) business days of the request to form the Resolution Committee, and shall advise the other party of their respective selections. Any determination made by the Resolution Committee shall be made by a majority of the members thereof,and shall be given to the Company in writing. The Company and Gulf shall provide the members of the Resolution Committee with such information as they may reasonably request.

Resolution Committee. Either the Company or Gulf under Section 2.2 may request the formation of a committee ("Resolution Committee") to determine any of the matters provided for in such section. The Resolution Committee shall have three members, one person selected by Gulf, one member of the Company's Board of Directors selected by the Company (which member may be an officer or employee of the Company but shall not be an officer, director or employee of Gulf) and one member of the Company's Audit Committee selected by such Audit Committee. Each of Gulf and the Company agree to select the members of the Committee to be selected by them within ten (10) business days of the request to form the Resolution Committee, and shall advise the other party of their respective selections. Any determination made by the Resolution Committee shall be made by a majority of the members thereof,, and shall be given to the Company in writing. The Company and Gulf shall provide the members of the Resolution Committee with such information relating to the subject matter before them as they may reasonably request.

Resolution Committee. Either the Company or Gulf under Section 2.2 may request the formation of a committee ("Resolution Committee") to determine any of the matters provided for in such section. The Resolution Committee shall have three members, one person selected by Gulf, one member of the Company's Board of Directors selected by the Company (which member may be an officer or employee of the Company but shall not be an officer, director or employee of Gulf) and one member of the Company's Audit Committee selected by such Audit Committee. Each of Gulf and the Company agree to select the members of the Committee to be selected by them within ten (10) business days of the request to form the Resolution Committee, and shall advise the other party of their respective selections. Any determination made by the Resolution Committee shall be made by a majority of the members thereof,thereof and shall be given to the Company in writing. The Company and Gulf shall provide the members of the Resolution Committee with such information relating to the subject matter before them as they may reasonably request.