Decisions of the Collaboration Board Sample Clauses

Decisions of the Collaboration Board. The Collaboration Board shall have its quorum to take decisions with the participation of two thirds of the voting members excluding the clause for IAC, independent of the meeting style, face to face, telephone/video meeting or vote by e-mail. Each member of the Collaboration Board has one vote. Decisions shall be made by agreement of at least two thirds of members specified in the list of the Collaboration Board1. Important decisions shall be announced 2 weeks before the Collaboration Board meeting by the Chair of the Collaboration Board, and the representatives of institutions can vote on those issues by e-mail or by proxy, in case he/she will not attend the meeting. In principle, discussions shall be continued until reaching an agreement. In case of dissension the following emergency/crisis procedure shall apply: Notwithstanding the requirement of agreement more than two thirds this procedure shall be used only in the exceptional case of an emergency or crisis situation in the Collaboration Board or in the entire MAGIC collaboration if consensus is not reached at all. In this case each member institution of the MAGIC collaboration has one vote whereas the decision shall be taken by a single majority of votes. The votes shall be weighted according to the investment share in the MAGIC-II and MAGIC-I constructions as laid down in Annex 5 and 6 hereto, the cumulative common fund contributions of all past years and the cumulative investment of manpower (cumulative FTE*averaged annual salary of scientists in the EU).
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Related to Decisions of the Collaboration Board

  • Decisions of Board or Committee The Board or the Committee shall have the right to resolve all questions which may arise in connection with the Award. Any interpretation, determination or other action made or taken by the Board or the Committee regarding the Plan or this Agreement shall be final, binding and conclusive.

  • Determinations and Actions by the Board of Directors The Board of Directors of the Company shall have the exclusive power and authority to administer this Agreement and to exercise the rights and powers specifically granted to the Board of Directors of the Company or to the Company, or as may be necessary or advisable in the administration of this Agreement, including, without limitation, the right and power to (i) interpret the provisions of this Agreement and (ii) make all determinations deemed necessary or advisable for the administration of this Agreement (including, without limitation, a determination to redeem or not redeem the Rights or to amend this Agreement). All such actions, calculations, interpretations and determinations (including, for purposes of clause (y) below, all omissions with respect to the foregoing) that are done or made by the Board of Directors of the Company in good faith, shall (x) be final, conclusive and binding on the Company, the Rights Agent, the holders of the Rights, as such, and all other parties, and (y) not subject the Board of Directors to any liability to the holders of the Rights.

  • Provisions of the Plan This option is subject to the provisions of the Plan, a copy of which is furnished to the Participant with this option.

  • Determinations of Director Pursuant to the Act and Section II of the Agreement and subject to the remaining terms and provisions of the Agreement and all Appendices thereto, the Director hereby determines that the financial assistance to be provided by the OPWC to the Recipient is in compliance with the Act and is provided to the Recipient for the sole and express purpose of financing the Eligible Project Cost and/or reimbursing the Recipient for such Eligible Project Cost.

  • Decisions The General Assembly shall be free to act on its own initiative to formulate proposals and take decisions in accordance with the procedures set out herein. In addition, all proposals made by the Executive Board shall also be considered and decided upon by the General Assembly. The following decisions shall be taken by the General Assembly: Content, finances and intellectual property rights - Proposals for changes to Annexes 1 and 2 of the Grant Agreement to be agreed by the Funding Authority - Changes to the Consortium Plan - Modifications to Attachment 1 (Background Included) - Additions to Attachment 3 (List of Third Parties for simplified transfer according to Section 8.2.2) - Additions to Attachment 4 (Identified Affiliated Entities)] Evolution of the consortium - Entry of a new Party to the consortium and approval of the settlement on the conditions of the accession of such a new Party - Withdrawal of a Party from the consortium and the approval of the settlement on the conditions of the withdrawal - Identification of a breach by a Party of its obligations under this Consortium Agreement or the Grant Agreement - Declaration of a Party to be a Defaulting Party The identification of the breach is a first step in accordance with the procedure in 4.2 before declaring a Party as a Defaulting Party. - Remedies to be performed by a Defaulting Party - Termination of a Defaulting Party’s participation in the consortium and measures relating thereto - Proposal to the Funding Authority for a change of the Coordinator - Proposal to the Funding Authority for suspension of all or part of the Project - Proposal to the Funding Authority for termination of the Project and the Consortium Agreement Appointments On the basis of the Grant Agreement, the appointment if necessary of: - Executive Board Members