Common use of Position; Reporting Clause in Contracts

Position; Reporting. While employed hereunder, Executive will be employed as the Chief Executive Officer of the Company, which shall be a subsidiary of Monex. Executive will report directly to the Chief Executive Officer of Monex (the “Monex CEO”). Also while employed hereunder, Executive shall (i) hold a position on the Global Management Committee of Monex, which committee shall oversee the Asia, U.S. and E.U. operations of Monex and of which the Monex CEO shall be the Chairman and (ii) be a member of the board of directors of the Company, of which the Monex CEO shall be the Chairman. While employed hereunder, Executive shall report to the Monex CEO.