Common use of Responsibilities of the Project Managers Clause in Contracts

Responsibilities of the Project Managers. Promptly after preparation of a particular Research Plan, each party shall appoint a Project Manager for such Research Project. The Project Managers shall be responsible for: a) the day-to-day implementation and management of a specific Research Project and the relating Research Plan; and b) to manage timelines and costs; and c) making written status reports on a regular basis; and d) any other task delegated by the Joint Steering Committee. * Portions of this document marked with **** have been omitted pursuant to a request for confidential treatment submitted with the SEC. The Project Managers and any other people appointed by either party shall form the Joint Operating Team for such Research Project and shall meet (by video or telephone conference) in a frequency agreed between the parties. If the JOT cannot agree on a material issue, the issue shall be referred to the JSC. The JSC shall meet within twenty (20) working days thereafter or put the issue into circulation within such time period, or within a period mutually agreed between both parties and shall negotiate in good faith to resolve such issue. The JOT shall not have the power to make any changes to the provisions of this Agreement and/or the Research Plan(s).

Responsibilities of the Project Managers. Promptly after preparation of a particular Research Plan, each party shall appoint a Project Manager for such Research Project. The Project Managers shall be responsible for: a) the day-to-day implementation and management of a specific Research Project and the relating Research Plan; and b) to manage timelines and costs; and c) making written status reports on a regular basis; and d) any other task delegated by the Joint Steering Committee. “* Portions of this document marked with **** have been omitted pursuant to a request for confidential treatment submitted with the SEC. .” The Project Managers and any other people appointed by either party shall form the Joint Operating Team for such Research Project and shall meet (by video or telephone conference) in a frequency agreed between the parties. If the JOT cannot agree on a material issue, the issue shall be referred to the JSC. The JSC shall meet within twenty (20) working days thereafter or put the issue into circulation within such time period, or within a period mutually agreed between both parties and shall negotiate in good faith to resolve such issue. The JOT shall not have the power to make any changes to the provisions of this Agreement and/or the Research Plan(s).