EFFECTIVE DATE; TRANSITION Sample Clauses
EFFECTIVE DATE; TRANSITION. This Agreement is effective as of the Effective Date. The terms and conditions stated in the Prior Employment Agreement shall remain in effect through April 30, 2019. Effective May 1, 2019, (the “Transition Date”), Green shall (a) relinquish the titles and positions of Senior Vice President, Chief Scientific Officer and Global Head of Research and Development of the Company and no longer be an employee of the Company; and (b) become a consultant to the Company as an independent contractor, in accordance with and pursuant to the terms of this Agreement.
EFFECTIVE DATE; TRANSITION. Effective as of receipt of Stockholder Approval (such date, being the “Transition Date”), ▇▇▇▇▇ shall (a) cease to be and relinquish the voting rights, title and position of Chairman of the Board and a director of the Company, and (b) become Chairman Emeritus, a non-voting advisory role to the Board, in accordance with and pursuant to the terms of this Agreement.
EFFECTIVE DATE; TRANSITION. This Agreement is effective as of the date stated in the preamble above. The terms and conditions stated in the Prior Employment Agreement shall remain in effect through January 1, 2019. Effective January 2, 2019 (the “Transition Date”), ▇▇▇▇▇ shall (a) relinquish the title and position of Chief Executive Officer of the Company and no longer be an employee of the Company; and (b) become a consultant to the Company as an independent contractor, in accordance with and pursuant to the terms of this Agreement.
EFFECTIVE DATE; TRANSITION