RMC ACTIONS Sample Clauses
The "RMC ACTIONS" clause outlines the specific responsibilities and actions required of the Risk Management Committee (RMC) within an organization or project. Typically, this clause details the procedures the RMC must follow, such as reviewing risk assessments, implementing mitigation strategies, and reporting findings to senior management. By clearly defining these actions, the clause ensures that risk management processes are systematically carried out, promoting accountability and effective oversight of potential risks.
RMC ACTIONS. In taking actions by the RMC, each Party shall have one vote. If the RMC fails to reach unanimity on a matter before it for decision, the matter shall be referred for resolution to the CEO of Rigel and the V.P. of Biological Research of ▇▇▇▇▇▇▇ for their consideration and agreement. If they are unable to agree after negotiation in good faith, the matter shall be resolved consistent with ▇▇▇▇▇▇▇'▇ position; PROVIDED, HOWEVER, that solely in connection with technical issues involving Rigel Technology such as, for example, how to carry out a certain experiment or which technique to be applied to obtain a certain result, such issues shall be resolved consistent with Rigel's position. Strategic decisions such as, for example, selection of Preliminary Target Peptide Pairs for further validation and the criteria for such validation, shall be resolved consistent with ▇▇▇▇▇▇▇'▇ position.
RMC ACTIONS. In taking actions by the RMC, each Party shall have one vote. If the RMC fails to reach unanimity on a matter before it for decision, the matter shall be referred for resolution to the CEO of Rigel and the V.P. of Biological Research of ▇▇▇▇▇▇▇ for their consideration and agreement. If they are unable to agree after negotiation in good faith, the matter shall be resolved consistent with ▇▇▇▇▇▇▇'▇ position; PROVIDED, HOWEVER, that solely in connection with technical issues involving Rigel Technology such as, for example, how to carry out a certain experiment or which technique to be applied to obtain a certain result, such issues shall be resolved consistent with Rigel's position. Strategic decisions such as, for example, selection of Preliminary Target Peptide Pairs for further validation and the criteria for such validation, shall be resolved consistent with ▇▇▇▇▇▇▇'▇ position. [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF THE SECURITIES ACT OF 1933, AS AMENDED.
RMC ACTIONS. Actions by the RMC pursuant to this Agreement shall be taken, in person or by proxy, only with unanimous consent of all of the representatives of the RMC. Any disagreement among members of the RMC will be resolved within the RMC based on the efficient achievement of the objectives of this Agreement. In the event that the RMC cannot reach agreement as to any matter that is subject to its decision-making authority, the matter shall be referred to the Chief Executive Officer of Celgene and the Head of Global Research of Novartis for resolution.