OF THE EXECUTIVE Sample Clauses

OF THE EXECUTIVE. If the Executive will prevail, in whole or in part, as to any material issue in any contest (whether initiated by the Executive or by the Company) as to the validity, enforceability or interpretation of any provision of this Agreement, the Company will pay all reasonable expenses incurred by the Executive with respect to such contest, including, without limitation, his reasonable attorney's fees.

OF THE EXECUTIVE. The Executive may not assign this Agreement or any part thereof; provided, however, that nothing herein shall preclude one or more beneficiaries of the Executive from receiving any amount that may be payable following the occurrence of his legal incompetency or his death and shall not preclude the legal representative of his estate from receiving such amount or from assigning any right hereunder to the person or persons entitled thereto under his will or, in the case of intestacy, to the person or persons entitled thereto under the laws of intestacy applicable to his estate. The term "beneficiaries", as used in this Agreement, shall mean a beneficiary or beneficiaries so designated to receive any such amount or, if no beneficiary has been so designated, the legal representative of the Executive (in the event of his incompetency) or the Executive's estate.

OF THE EXECUTIVE. The Executive agrees to undertake the duties and responsibilities inherent in the position described above, those described in the Company's By-Laws and such other duties and responsibilities as the Company shall from time to time reasonably assign. Executive shall report directly to the Chairman of the Board. Executive shall devote his full time and best efforts to the Company. Company agrees to appoint Executive to the Board as of the Effective Date and nominate Executive as a Board candidate on the management proposed slate throughout the tenure of his employment hereunder. Should Executive elect to resign from Board, such resignation shall not, of itself, effect a termination or breach of this Agreement. IV EXPENSE REIMBURSEMENT The Company will advance and/or reimburse the Executive for all reasonable travel and other business expenses incurred in furthering the business of the Company and in accordance with the Company's travel and business expense policy. The Executive shall receive an annual base salary of $150,000. This salary will be reviewed at least annually by the Compensation Committee of the Board; and the Board in its sole discretion, may increase the Annual Base Salary for part or all of the remaining term. VI BONUSES

OF THE EXECUTIVE. The Executive may not assign this Agreement or any part thereof; provided, however, that nothing herein shall preclude one or more beneficiaries of the Executive from receiving any amount that may be payable following the occurrence of his legal incompetency or his death and shall not preclude the legal representative of his estate from receiving such amount or from assigning any right hereunder to the person or persons entitled thereto under his will or, in the case of intestacy, to the person or persons entitled thereto under

OF THE EXECUTIVE. Neither this Agreement nor any right or interest hereunder shall be assignable or transferable by the Executive and his beneficiaries or legal representatives, except by will or by the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive's legal personal representative.