Common use of Board of Representatives Clause in Contracts

Board of Representatives. The Parties shall establish the Board of Representatives, within thirty (30) days after the conclusion of this Agreement. The Board of Representatives shall be composed of one (1) authorised representative of each Party. Parties appoint their representatives in accordance with and in the manner determined by their internal affairs acts. The Board of Representatives: - The Board of Representatives advises and decides on important matters relating to this Agreement, ELEXIS Association and its activities. - It decides on activities, fees and other contributions, establishes the text of the Agreement, accepts or rejects new candidate Members, establishes the action lines and performs other activities. - The Board of Representatives shall be chaired by the President of the Board. - The Board of Representatives selects the President among its members by a majority of votes, for a two-year period. - The President selects a Deputy among the members of the Board of Representatives who takes the duties of the President in her/his absence. - It is called by the President to convene the Board of Representatives at least once a year. - All Members must receive at least four (4) weeks' advance written notice of Board of Representatives session. - Board of Representatives decisions are based on a simple majority of the votes of the representatives. The session is quorate if the majority of representatives of the Board of Representatives are present.