Employment Position and Duties. (a) The Company shall employ Executive and Executive hereby accepts employment with the Company, upon the terms and conditions set forth in this Agreement for the Employment Period.
Employment Position and Duties. You will continue to be employed as the Company’s Vice President, Corporate Development and Investor Relations and you will report to the President and Chief Executive Officer of the Company. You shall perform the duties of such position as are customary, as specified in the Bylaws of the Company, and as may be required by the President and Chief Executive Officer of the Company or the Board of Directors of the Company (or any authorized committee thereof) (the “Board”). During your employment with the Company, you will devote your full-time best efforts and business time and attention to the business of the Company. Your employment relationship with the Company shall also be governed by the general employment policies and practices of the Company (except that if the terms of this Agreement differ from or are in conflict with the Company’s general employment policies or practices, this Agreement will control), and you will be required to abide by the general employment policies and practices of the Company. The Company reserves the right to change your position, duties, reporting relationship, work location, and the Company’s general employment policies and procedures, from time to time in its discretion.
Employment Position and Duties. The Company agrees to continue to employ Xxxxxxxx, and Xxxxxxxx agrees to continue to be employed by the Company, upon the terms and conditions of this Agreement. Xxxxxxxx shall be employed by the Company as the Company’s Chief Executive Officer reporting to the Board of Directors of the Company (the “Board”). In this capacity, Xxxxxxxx agrees to devote his full time, energy and skill to the faithful performance of his duties herein, and shall perform the duties and carry out the responsibilities assigned to him to the best of his ability and in a diligent, businesslike and efficient manner. Xxxxxxxx’x duties shall include all those duties customarily performed by the Chief Executive Officer, as well as those additional duties commensurate with his position as Chief Executive Officer that may be reasonably assigned by the Board. Xxxxxxxx shall comply with any policies and procedures established for Company employees, including, without limitation, those policies and procedures contained in the Company’s employee handbook previously delivered to Xxxxxxxx.
Employment Position and Duties. During the Term, the Company agrees to employ the Executive and the Executive hereby accepts employment with the Company as its Chief Executive Officer subject to the general supervision, advice and direction of the Company's Chairman of the Board ("Chairman") and the Board, and subject to the terms and conditions of this Agreement. The Executive's authority, duties and responsibilities shall be consistent with such authority, duties and responsibilities as are customary for this position, including, without limitation: supervising and managing all aspects of the Company's businesses; direct responsibility for each of the Company's brands; further developing, refining and implementing the Company's strategic growth plans; and overall responsibility for the Company's domestic and international operations. Executive shall also perform such other services and duties as the Chairman or Board may from time-to-time designate in his or its sole discretion. During the Term, the Company agrees that Executive will be nominated for election by its shareholders to the Board. Executive shall faithfully, honestly and diligently serve the Company, devote his full working time and attention to his duties, use his best efforts to promote the interests of the Company and follow the reasonable and lawful instructions of the Chairman or the Board. Executive shall carry out his duties in a manner consistent with and in compliance with all present and future requirements and limitations of all applicable federal and state laws and regulations. Executive acknowledges and fully understands that by entering into this Agreement, he undertakes a fiduciary relationship with the Company and, as a fiduciary, is under an obligation to use due care and act in the best interest of the Company at all times. Executive agrees that he shall at all times observe and be bound by all rules, policies, procedures, practices, and resolutions adopted, or to be adopted, by the Company which are generally applicable to the Company's officers and employees and which do not otherwise conflict with this Agreement. Executive shall not engage in any other business that would interfere with his duties, provided that nothing contained herein is intended to limit Executive's right to make passive investments in the securities of publicly-owned companies or other businesses which will not interfere or conflict with his duties. Executive may, with the prior written consent of the Chairman, sit on the board of d...
Employment Position and Duties. Upon the terms and conditions set forth herein, the Company agrees to employ the Employee, and the Employee hereby accepts employment with the Company in the capacity of the "Position" and for the term of the "Employment Period" as defined on the annexed Schedule of Terms of Employment which is fully incorporated into the text hereof by this reference. During the Employment Period, Employee shall perform the normal duties, responsibilities and authority of such Position which shall expressly include those duties and responsibilities set forth on the annexed (Exhibit A) Schedule of Terms of Employment ("Duties and Responsibilities") subject to the power of the Company's board of directors (the "Board") to expand or limit such duties, responsibilities and authority and to override actions of officers of the Company. During the Employment Period, Employee shall report to the Board and shall devote his best efforts and his full business time and attention to the business and affairs of the Company, excluding the permitted vacation time and time-off for sickness and other absences as set forth on said Schedule of Terms of Employment. Employee shall perform his Duties and Responsibilities to the Company hereunder to the best of his abilities in a diligent, trustworthy, businesslike and efficient manner. Nothing in this paragraph shall prohibit Employee from making passive investments that are not otherwise prohibited in this Agreement.
Employment Position and Duties. The Company agrees to continue to employ Xxxxxxxxxx, and Xxxxxxxxxx agrees to continue to be employed by the Company, upon the terms and conditions of this Agreement. Xxxxxxxxxx shall be employed by the Company as the Company’s Chief Commercial Officer reporting to the Chief Executive Officer of the Company (the “CEO”) and to the Board of Directors of the Company (the “Board”). In this capacity, Xxxxxxxxxx agrees to devote his full time, energy and skill to the faithful performance of his duties herein, and shall perform the duties and carry out the responsibilities assigned to him to the best of his ability and in a diligent, businesslike and efficient manner. Xxxxxxxxxx’x duties shall include all those duties customarily performed by a Chief Commercial Officer, as well as those additional duties commensurate with his position as Chief Commercial Officer that may be reasonably assigned by the CEO and the Board. Xxxxxxxxxx shall comply with any policies and procedures established for Company employees, including, without limitation, those policies and procedures contained in the Company’s employee handbook previously delivered to Xxxxxxxxxx. To the extent there is any conflict between those policies and this Agreement, this Agreement shall govern.
Employment Position and Duties. (a) This Agreement shall be effective as of the closing of the Merger, subject to and contingent upon the closing of the Merger.
Employment Position and Duties. You will be employed in the executive position of President, and you shall perform the duties of such position as are customary, as specified in the Bylaws of the Company, and as may be required by me or the Company’s Board of Directors (the “Board”). You will report to me and you will be based in the Company’s corporate headquarters. During your employment with the Company, you will devote your full-time best efforts and business time and attention to the business of the Company. Your employment relationship with the Company shall also be governed by the general employment policies and practices of the Company (except that if the terms of this Agreement differ from or are in conflict with the Company’s general employment policies or practices, this Agreement will control), and you will be required to abide by the general employment policies and practices of the Company. The Company reserves the right to change your position, duties, reporting relationship, work location, and the Company’s general employment policies and procedures, from time to time in its discretion. Base Salary, Signing Bonus, and Employee Benefits Your base salary will be paid at the initial rate of $25,000.00 per month (an annual rate of $300,000.00), less payroll deductions and withholdings. You will be paid your base salary on a semi-monthly basis, on the Company’s normal payroll schedule. As an exempt salaried employee, you will be required to work the Company’s normal business hours, and such additional time as appropriate for your work assignments and positions. You will not be eligible for overtime premiums. You will be paid a signing and retention bonus in the amount of $250,000.00, less payroll deductions and withholdings (the “Signing Bonus”). The Signing Bonus will be paid to you no later than the first regular payroll date following your hire. If your employment terminates prior to the second anniversary of the Xxxxx Xxxxxxxx November 13, 2012 Start Date due to either a termination by the Company for Cause (as defined below) or a resignation by you (other than your resignation for Good Reason (as defined below)), then you agree to repay to the Company a portion of the Signing Bonus which is calculated as the full amount of the Signing Bonus reduced by 1/24th for each complete month of your employment. For example, if your employment terminates due to your resignation (other than resignation for Good Reason) on the fifth month anniversary of the Start Date, you will be oblig...
Employment Position and Duties. 1.1 The Employer agrees to continue to employ the Employee and the Employee hereby agrees to continue to undertake employment upon the terms and conditions herein set forth.
Employment Position and Duties. You shall be employed in the position of VP, Finance of the Company. You shall report to the President & Chief Executive Officer (“President & CEO”). You shall faithfully and diligently perform such duties, as set forth by the President & CEO, and exercise such powers as are consistent with your position as a VP, Finance. You shall devote substantially all of your business time, attention and skill to your duties to the Company and shall not engage in, participate in, render any service to, or undertake any employment, corporate directorships, or industry committee positions, either directly or indirectly, with respect to any other business or for any other entity, without the prior written consent of the Company.
