The Project Committee. The initial Project Committee members shall be ___________________, who is hereby so designated by Corning, and _____________________, who is hereby so designated by Electrosource.
The Project Committee. The strong interlinkages between the different WPs of the project makes it necessary that the WP leaders can report regularly to each other on the work progress and adequately plan the forthcoming activities, in order to better coordinate the work. Composed by the project coordinating team (coordinator and manager) and the WP leaders and co-leaders, the Project Committee meets on a bi-monthly basis; through a web-conference (no regular physical meetings are foreseen).
The Project Committee. Within ten days of the execution of this --------------------- Agreement the parties shall establish the Project Committee to oversee all aspects of the Project. The Project Committee shall consist of the following six members, three of whom shall be appointed by each party in its sole discretion and reasonably acceptable to the other party: NADII Representatives: [__________________________________________________ _________________________________________________] Myriad Representatives: [_________________________________________________ _________________________________________________] Vacancies shall be filled by the party who appointed the terminated member by written notice to the other party. The Project Committee shall plan, administer and monitor the Project and shall attempt to keep the parties reasonably informed as to the status of Project activities. Its oversight function shall include matters such as (i) adopting material plans, resource allocations, strategies and policies with respect to the Project; (ii) determining which research activities to pursue, and when to change such allocations, strategies and policies (including adjustments to the milestones); (iii) terminating particular activities; (iv) making decisions concerning the protection of any Intellectual Property, including filing for Patent Rights or other protection, and similar matters; (v) setting research priorities; and (vi) demonstrating to the satisfaction of the chief executive officer of NADII that the [____________] milestones set forth in Exhibit A have been achieved. The Project Committee shall meet at least quarterly, with each such meeting to be held, alternatively, in Salt Lake City, Utah and in San Diego, California. The Project Committee shall maintain accurate minutes of its deliberations which record all proposed decisions and actions that are recommended or adopted. The party hosting a meeting shall be responsible for the preparation and circulation of minutes, drafts of which shall be delivered to all Project Committee members promptly after each meeting. Minutes shall be issued in final form only with the approval and signature of Project Committee members. The presence of two representatives of each party shall constitute a quorum at a Project Committee meeting. Each party's Project Committee representatives shall have the aggregate of one vote on all matters before the Project Committee, regardless of the number of representatives present, and all decisions...
The Project Committee
