StackCo Structure Clause Samples

StackCo Structure. Veoneer will, during a transition period beginning on the Effective Date, create a separate organization within Veoneer that consists of subsidiaries focused on the development and support of camera vision perception software and associated driving policy software (such organization, “StackCo”). StackCo will be set up in accordance with a structuring and resources plan to be prepared, and updated from time to time, by Veoneer (“Resources Plan”). The initial Resources Plan is as set forth in Exhibit F. QTI will have the right to approve (such approval not to be unreasonably withheld) any material modifications to such plan to the extent the modifications have a material effect on the independence of StackCo described in this Section 2 or on the ability of StackCo to meet the obligations set forth in Section 3. StackCo will use commercially reasonable efforts to implement the Resources Plan and will provide updates on such efforts through the governance and coordination process described in Section 6 (at least every six (6) months).