Common use of Title Position and Duties Clause in Contracts

Title Position and Duties. (a) Executive shall be employed as the Chief Executive Officer of Company and shall also serve as the Chief Executive Officer of Parent. Executive shall report directly to the Chairman of the Board and have such duties and responsibilities as are traditionally associated with such position at the Company and such additional duties and responsibilities as may from time to time be assigned to Executive by the Board, provided such duties and responsibilities are consistent with the office of Chief Executive Officer of Company as historically constituted. Such duties and responsibilities may include providing services to or on behalf of Parent or any Affiliate of Parent. (b) Executive shall diligently and to the best of his abilities assume, perform, and discharge all duties and responsibilities inherent is his position or otherwise assigned to Executive from time to time and shall fully and completely comply with any and all written rules, procedures or policies of Company or Parent as from time to time in effect. Executive shall devote all of his business time and efforts to Company and its Affiliates and shall not, without prior written consent from the Board, accept other employment or perform or render any services for compensation, or have a direct or indirect ownership interest in any other business, other than in the form of publicly traded securities constituting less than one percent (1%) of the vote or value of the outstanding securities of such public entity. The foregoing notwithstanding, Executive shall be allowed to engage in passive personal investment activity and charitable, educational, religious and similar types of non-compensated activities and speaking engagements, provided that such activity or service does not interfere with Executive's performance of his duties and responsibilities hereunder. The time involved in such activities, provided it is not significant, shall not be treated as vacation time. (c) Executive shall perform his duties and responsibilities at Company's principal business office. Executive acknowledges that his duties and responsibilities may require significant travel. (d) Executive hereby represents and warrants that there is no legal restriction on his ability to accept employment with Company or to perform his duties and responsibilities hereunder and that Executive is not subject to any contractual covenant that could restrict his activities on behalf of Company in any way. (e) During the term of his service as Chief Executive Officer of Company and Parent, Executive shall be nominated by the Board for election as a director of Parent and shall serve, without additional compensation, as a member of the Board, subject to his being so elected by the stockholders of Parent.

Title Position and Duties. (a) Executive shall be employed as You will hold the position of Chief Development Officer with the Company and you will report to the Chief Executive Officer of Company and shall also serve as the Chief Executive Officer of Parent(“CEO”). Executive shall report directly to the Chairman of the Board and You will have such duties and responsibilities as are traditionally associated with usually performed by the Chief Development Officer of a Delaware corporation, including such position at the Company duties as are reasonably and such additional duties and responsibilities as may appropriately delegated to you from time to time be assigned to Executive by the CEO or the Board of Directors (the “Board”), provided such duties and responsibilities are consistent with your position as Chief Development Officer, and you will have the office authority and resources consistent with such position, subject to adjustments in resources consistent with normal operating decisions of Chief Executive Officer the CEO or the Board in the event of Company as historically constituted. Such duties and responsibilities may include providing services to changes in strategy or on behalf of Parent programs or any Affiliate other changes to resources that are reasonable in light of Parent. (b) Executive shall diligently the Company’s then current financial condition. 2. Full-Time and Best Efforts: As the Company’s Chief Development Officer, which is a full-time position, we expect that you will devote substantially all of your working time to the performance of your Company duties in a satisfactory manner and to the best of his your abilities assume, perform, and discharge at all duties and responsibilities inherent is his position or otherwise assigned to Executive from time to time and times. You shall fully and completely comply with any and all written rules, procedures or policies of Company or Parent as from time to time in effect. Executive shall devote all of his business time and efforts to Company and its Affiliates and shall not, without prior written consent from the Board, accept other employment or perform or render any services for compensation, or have a direct or indirect ownership interest not engage in any other businessbusiness or occupation during your employment here, other than including, without limitation, any activity that conflicts with the interests of the Company, interferes with the proper and efficient performance of your duties for the Company, or interferes with your exercise of judgment in the form of publicly traded securities constituting less than one percent (1%) Company’s best interests. Approval of the vote CEO and/or Board will be required for you to serve on other outside boards while you are employed by the Company, including any outside for-profit boards, which approval shall not be unreasonably withheld, delayed or value conditioned. Notwithstanding the foregoing, you will be permitted to serve as an officer, director or trustee of the outstanding securities of such public entity. The foregoing notwithstanding, Executive shall be allowed to engage in passive personal investment activity and any charitable, educational, religious and similar types of educational or non-compensated activities and speaking engagementsprofit organization, without the Company’s prior consent, provided that such activity or service does services do not interfere with Executive's the performance of his your duties and responsibilities hereunder. The time involved in such activities, provided it is not significant, shall not be treated as vacation time. (c) Executive shall perform his duties and responsibilities at Company's principal business office. Executive acknowledges that his duties and responsibilities may require significant travel. (d) Executive hereby represents and warrants that there is no legal restriction on his ability to accept employment with the Company or to perform his duties and responsibilities hereunder and that Executive is not subject to any contractual covenant that could restrict his activities on behalf represent an actual or apparent conflict of Company in any wayinterest with your role at the Company. (e) During the term of his service as Chief Executive Officer of Company and Parent, Executive shall be nominated by the Board for election as a director of Parent and shall serve, without additional compensation, as a member of the Board, subject to his being so elected by the stockholders of Parent.

Title Position and Duties. (a) Executive shall be employed as the Chief Executive Financial Officer of Company and shall also serve as the Chief Executive Financial Officer of Parent. Executive shall report directly to the Chairman Chief Executive Officer of the Board Company and have such duties and responsibilities as are traditionally associated with such the position of Chief Financial Officer at the Company and such additional duties and responsibilities as may from time to time be assigned to Executive by the Chief Executive Officer or the Board, provided such duties and responsibilities are consistent with the office of Chief Executive Financial Officer of Company as historically constituted. Such duties and responsibilities may include providing services to or on behalf of Parent or any Affiliate of Parent. (b) Executive shall diligently and to the best of his abilities assume, perform, and discharge all duties and responsibilities inherent is his position or otherwise assigned to Executive from time to time and shall fully and completely comply with any and all written rules, procedures or policies of Company or Parent as from time to time in effect. Executive shall devote all of his business time and efforts to Company and its Affiliates and shall not, without prior written consent from the Board, accept other employment or perform or render any services for compensation, or have a direct or indirect ownership interest in any other business, other than in the form of publicly traded securities constituting less than one percent (1%) of the vote or value of the outstanding securities of such public entity. The foregoing notwithstanding, Executive shall be allowed to engage in passive personal investment activity and charitable, educational, religious and similar types of non-compensated activities and speaking engagements, provided that such activity or service does not interfere with Executive's performance of his duties and responsibilities hereunder. The time involved in such activities, provided it is not significant, shall not be treated as vacation time. (c) Executive shall perform his duties and responsibilities at Company's principal business office. Executive acknowledges that his duties and responsibilities may require significant travel. (d) Executive hereby represents and warrants that there is no legal restriction on his ability to accept employment with Company or to perform his duties and responsibilities hereunder and that Executive is not subject to any contractual covenant that could restrict his activities on behalf of Company in any way. (e) During the term of his service as Chief Executive Officer of Company and Parent, Executive shall be nominated by the Board for election as a director of Parent and shall serve, without additional compensation, as a member of the Board, subject to his being so elected by the stockholders of Parent.