Common use of Additional Committees Clause in Contracts

Additional Committees. The JSC shall establish and delegate duties to other committees or ad-hoc sub-committees, including a Development committee and a Commercialization committee (each a “Sub-Committee”), on an as needed basis to oversee particular projects or activities. Each such Sub-Committee shall be constituted and shall operate as the JSC determines and shall be co-chaired by the Alliance Managers. Each Sub-Committee and its activities shall be subject to the oversight, review and approval of, and shall report to, the JSC. The authority of the Sub-Committee cannot exceed that specified for the JSC in this Article III (Governance).

Appears in 2 contracts

Sources: Collaboration Agreement (Akebia Therapeutics, Inc.), Collaboration Agreement (Akebia Therapeutics, Inc.)