Common use of Executive Management Team Clause in Contracts

Executive Management Team. In his role as CEO of AI, Stone will select from the HC’s existing personnel, three executives to join the AI executive management team. Individuals earning a salary of $[***] or greater as of October 11, 2018 shall be entitled to receive as much as a [***] percent ([***]%) increase in annual pay. Individuals earning a salary of less than $[***] as of October 11, 2018 shall be entitled to receive as much as a [***] percent ([***]%) increase in annual pay.

Appears in 2 contracts

Sources: Plan of Merger (Ascend Wellness Holdings, LLC), Plan of Merger (Ascend Wellness Holdings, LLC)