Interim President and Chief Executive Officer. Beginning on July 5, 2012, Employee shall also serve as the Interim President and Chief Executive Officer of the Company with such duties as shall be provided in the Bylaws of the Company or assigned to her by the Board. At any time during which Employee continues to be Interim President and Chief Executive Officer of the Company, she shall have full responsibility and decision-making authority for the day-to-day operations of the Company's business, subject to the general control of the Board. On or prior to February 4, 2013, the Board shall meet to review Employee's performance as Interim President and Chief Executive Officer and her achievement of performance goals to be established by the Board. Based on this review, the Board will name the Employee as President and CEO or appoint a person other than the Employee as President and CEO. If the Board names the Employee as President and CEO, the Board will enter into a new employment contract with the Employee. If the Company removes Employee from the position of Interim President and Chief Executive Officer and elects a person other than Employee as President and Chief Executive Officer, the removal of Employee from the position of Interim President and Chief Executive Officer without removing her as Chief Financial Officer shall not constitute "good reason" for any purpose under the Agreement. If the Board decides to appoint someone other than Employee as permanent President and Chief Executive Officer and Employee provides notice of her resignation "without cause" within thirty (30) days of such appointment, the Company shall pay the Employee as compensation for loss of office (a) six (6) months of her annual salary at the Employee’s then current salary in equal monthly installments over the six month period following the date Employee resigns, (b) all vacation accrued as of the date Employee resigns; (c) an amount equal to her monthly COBRA premiums for a period of six (6) months from the effective date of Employee's resignation; and (d) a pro-rated portion of (i) the EBITDAR Bonus and (ii) any other bonus to which Employee is entitled.
Interim President and Chief Executive Officer. Subject to the terms and conditions set forth herein and during the Term (as hereinafter defined), WCA agrees that it will make available to Luby’s the services of Garilli to serve as the interim President and Chief Executive Officer of Luby’s and of its subsidiaries as the Board of Directors of Luby’s (the “Board”) may request. Notwithstanding anything to the contrary herein, the Board may, in its sole discretion, remove Garilli as an officer of Luby’s or any of its subsidiaries at any time, with or without cause.
Interim President and Chief Executive Officer. SELLER shall serve as the interim President and Chief Executive Officer ("CEO") of SWS until March 31, 2006, at which xxxx XXXXXX shall assume his duties as a consultant as more fully described in Paragraph 1.E. hereinabove. SELLER shall be compensated twenty-five thousand dollars ($25,000) for his services as Interim President and CEO of SWS during this interim time period. PURCHASER shall have complete and unfettered access to the business, operations and financial records of SWS during this interim period of time.
Interim President and Chief Executive Officer. 4. The parties hereby agree to delete §3(a) of the Amended Employment Agreement and substitute the following:
