Current CEO definition
Examples of Current CEO in a sentence
This sole responsibility shall continue as long as the Independent Director remains the Chair of the Board and holds, either directly or through a holding company controlled by him, Series A-l Preferred Shares (or Common Shares into which the Series A-l Preferred Shares shall have been converted) and until the employment of the Current CEO is terminated.
During the Term, the Executive shall be eligible to receive cash incentive compensation as determined by the Compensation Committee from time to time, prior to December 31, 2016 taking into account recommendations by the Current CEO.
Unless specified herein, all correspondence and notice required to be provided pursuant to this Settlement Agreement shall be in writing and sent by: (a) personal delivery; (b) first-class, registered or certified mail, return receipt requested; or (c) a recognized overnight courier on any Party by the other at the following addresses: CEO ▇▇▇▇▇▇ ▇▇▇▇▇ or Current CEO, President, or General Counsel Terrasoul Superfoods LLC ▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇, ▇▇▇ ▇▇▇ Fort Worth, TX 76131 ▇▇▇▇▇ ▇.
The Executive’s base salary shall be determined annually by the Compensation Committee of the Board, prior to December 31, 2016 taking into account recommendations by the Current CEO, but may not be decreased.
The Buyer shall have received copies of the written resignations of the Company’s directors from their office as directors (without limitation of the Current CEO’s continued employment by the Company pursuant to the Current CEO Retention Agreement and his employment agreement) delivered to the Company in the form attached hereto as Schedule 2.3(b)(xv).
In addition, Executive acknowledges that it is expected that when Executive is promoted to Chief Executive Officer of Capri, the Current CEO of Capri will become the Executive Chairman of Capri and shall perform such duties commensurate therewith.
During the Employment Term, the Employer shall pay Executive a base salary at the annual rate of the greater of (x) $500,000 and (y) the base salary of the Current CEO, as in effect from time to time, in either case, payable in regular installments in accordance with the Employer’s usual payment practices.
A portion of the Annual Incentive Bonus will be paid in current cash compensation, as determined by the Committee in its sole discretion; provided, that the percentage of the Annual Incentive Bonus paid in current cash compensation will be the same as the percentage of current cash compensation payable to the Current CEO in respect of his Annual Incentive Bonus (or following a retirement or termination of the Current CEO, the other executive officers of the Company).
Executive shall perform such duties and services as are commensurate with Executive’s position and such other duties and services as are from time to time reasonably assigned to Executive by the Current CEO of Capri or by the Chairman or the Board, as applicable.
Seller shall, at its expense, maintain insurance coverage in amounts satisfactory to Buyer for Workers' Compensation, Employer's Liability and Comprehensive General Bodily Injury and Property Damage.