Executive Positions. Executive shall retain his position with the Company as its President and Chief Executive Officer and shall be appointed to the role of Chairman of the Board of Directors and/or to such other positions as the Company’s Board of Directors (the “Board”) may from time to time designate (collectively, the “Executive Positions”). Executive’s services hereunder shall include, but not be limited to performing all duties consistent with the role of President and Chief Executive Officer. In performance of Executive’s duties, Executive shall be subject to the direction of, and be reporting directly to, the Company’s Board; anything herein to the contrary notwithstanding, if requested by the Board, Executive will immediately resign from any Executive Positions in which Executive may be serving at such time, including as that of a Board member. Executive’s execution of this Agreement constitutes acceptance of the appointment as the Company’s President and Chief Executive Officer and Chairman of the Board.
Appears in 2 contracts
Sources: Employment Agreement (Armada Oil, Inc.), Employment Agreement (Armada Oil, Inc.)