Term and Position. (a) Subject to the termination provisions contained herein, the term of this Employment Agreement shall commence as of January 1, 1998 and shall continue for a term of three years from such date, subject, however, to the provisions of Section 6. (b) Employee shall serve as Vice Chairman of ADLT and as Chief Executive Officer of RLI, and in such offices or positions with ADLT and RLI as shall be agreed upon by Employee and the Board of Directors of RLI or the Board of Directors of ADLT, as the case may be, without, however, any change in Employee's compensation (but such offices or positions shall be consistent with the office and position stated herein). (c) Employee shall promptly be appointed to a term on the ADLT Board of Directors expiring at the ADLT annual meeting in the year 2000 and be appointed Vice Chairman of ADLT and as a member of the Executive Committee of the ADLT Board of Directors. (d) The principal business office of Employee shall be in Racine, Wisconsin; provided, however, Employee maintains a residence and a business office in ____________Florida, from which the Employee may perform his duties under this Agreement. Employee shall not be required to relocate without Employee's consent. Employee's travel expenses for travel to and from the Wisconsin and Florida offices shall be paid by RLI.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Advanced Lighting Technologies Inc), Stock Purchase Agreement (Advanced Lighting Technologies Inc)
Term and Position. (a) Subject to the termination provisions contained herein, the term of this Employment Agreement shall commence as of January 1, 1998 and shall continue for a term of three years from such date, subject, however, to the provisions of Section 6.
(b) Employee shall serve as Vice Chairman of ADLT and as Chief Executive Officer of RLI, and in such offices or positions with ADLT and RLI as shall be agreed upon by Employee and the Board of Directors of RLI or the Board of Directors of ADLT, as the case may be, without, however, any change in Employee's compensation (but such offices or positions shall be consistent with the office and position stated herein).
(c) Employee shall promptly be appointed to a term on the ADLT Board of Directors expiring at the ADLT annual meeting in the year 2000 and be appointed Vice Chairman of ADLT and as a member of the Executive Committee of the ADLT Board of Directors.
(d) The principal business office of Employee shall be in Racine, Wisconsin; provided, however, Employee maintains a residence and a business office in ____________Florida, from which the Employee may perform his duties under this Agreement. Employee shall not be required to relocate without Employee's consent. Employee's travel expenses for travel to and from the Wisconsin and Florida offices shall be paid by RLI.
Appears in 1 contract
Sources: Employment Agreement (Advanced Lighting Technologies Inc)