Common use of JRC Meetings Clause in Contracts

JRC Meetings. The JRC shall meet in accordance with a schedule established by mutual written agreement of the Parties, but no less frequently than [***] every [***]. The location for meetings shall alternate each time between C4T facilities and MKDG facilities (or such other location as is determined by the JRC). Alternatively, the JRC may meet by means of teleconference, videoconference or other similar means. As appropriate, additional employees or consultants of each Party may from time to time attend the JRC meetings as nonvoting observers, provided that, in the case of a consultant, such consultant shall have agreed in writing to comply with confidentiality obligations substantially similar to those under this Agreement; and provided further that no Third Party personnel may attend unless otherwise agreed by both Parties. Each Party shall bear its own expenses related to the attendance of the JRC meetings by its representatives. Each Party may also call for special JRC meetings to resolve particular matters within the JRC’s responsibilities, upon [***] prior written notice to the other Party. The JRC Chair or his/her designee shall keep minutes of each JRC meeting that record in writing all decisions made, action items assigned or completed, and other appropriate matters. The JRC Chair shall send meeting minutes to all members of the JRC promptly after each meeting for review. Each member shall have [***] from receipt in which to comment on and to approve/provide comments to the minutes (such approval not to be unreasonably withheld, conditioned or delayed). If a member, within such time period, does not notify the JRC Chair that they do not approve of the minutes, the minutes shall be deemed to have been approved by such member.

JRC Meetings. The JRC shall meet in accordance with a schedule established by mutual written agreement of the Parties, but Parties no less frequently than once every […***…] every [***]until expiration of the Research Program Term. The location for meetings shall alternate each time between C4T facilities Zymeworks and MKDG Celgene facilities (or such other location as is determined by the JRC). Alternatively, the JRC may meet by means of teleconference, videoconference or other similar means. As appropriate, additional employees or consultants of each Party may from time to time attend the JRC meetings as nonvoting observers, ; provided that, in the case of a consultant, that any such consultant shall have agreed agree in writing to comply with the confidentiality obligations substantially similar to those under this Agreement; and provided further that no Third Party personnel may attend unless otherwise agreed by both Parties. Each Party shall bear its own expenses related to the attendance of the JRC meetings by its representatives. Each Party may also call for special JRC meetings to resolve particular matters within the JRC’s responsibilities, upon [***] prior written notice to the other requested by such Party. The JRC Chair or his/her designee shall keep minutes of each JRC meeting that record records in writing all decisions made, action items assigned or completed, completed and other appropriate matters. The JRC Chair shall send meeting minutes to all members of the JRC promptly after each a meeting for review. Each member shall have […***…] from receipt in which to comment on and to approve/provide comments to the minutes (such approval not to be unreasonably withheld, conditioned or delayed). If a member, within such time period, does not notify the JRC Chair that they do s/he does not approve of the minutes, the minutes shall be deemed to have been approved by such member.

JRC Meetings. The JRC shall meet in accordance with a schedule established by mutual written agreement From the formation of the JRC until the first anniversary of the Effective Date, the JRC will meet once every Calendar Quarter or as otherwise mutually agreed by the Parties. After the first anniversary of the Effective Date, but no less frequently than [***] the JRC will meet once every [***]Calendar Year. The location for meetings shall will alternate each time between C4T facilities Plexxikon and MKDG Licensee facilities (or such other location as is determined by the JRC). Alternatively, as requested by Licensee or Plexxikon, the JRC may meet by means of teleconference, videoconference or other similar means. As appropriate, additional employees or consultants of each Party may from time to time attend the JRC meetings as nonvoting observers, ; provided that, in the case of a consultant, that any such consultant shall have agreed will agree in writing to comply with the confidentiality obligations substantially similar to those under this Agreement; and provided further that no Third Party personnel may attend unless otherwise agreed by both Parties. Each Party shall will bear its own expenses related to the attendance of the JRC meetings by its representatives. Each Party may also call for special JRC meetings to resolve particular matters within the JRC’s responsibilities, upon [***] prior written notice to the other Party. The JRC Chair or his/her designee shall will keep minutes of each JRC meeting that record in writing all decisions made, action items assigned or completed, completed and other appropriate matters. The JRC Chair shall or his/her designee will send meeting minutes to all members of the JRC promptly after each a meeting for review. Each member shall will have [***] five (5) Business Days from receipt in which to comment on and to approve/approve or provide comments to the minutes (such approval not to be unreasonably withheld, conditioned or delayed). If a member, within such time period, does not notify the JRC Chair that they do he/she does not approve of the minutes, the minutes shall will be deemed to have been approved by such member. Each Party’s JRC members may designate another staff member of such Party, who will coordinate the administrative work surrounding JRC, including sending the notice of holding JRC meetings, creating the draft of minutes or distributing the minutes.