Initial Position definition

Initial Position. Senior Vice President of Sales and Operations APPROXIMATE START DATE: January 25, 1999 REPORTS TO: President/CEO SALES QUOTA: US Sales for the year ended 12/31/99 of approximately $14,000,000. Annual Salary: $120,000 payable semi-monthly on the 15th and the last day of each month.

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Initial Position means, with respect to any Holder, the number of shares of Common Stock beneficially owned by such Holder as of the close of business on the date hereof. For purposes of this definition, the number of shares of Common Stock beneficially owned by such Holder as of the close of business on the date hereof shall be calculated assuming the conversion, exchange or exercise into or for shares of Common Stock of all Voting Securities beneficially owned by such Holder at such time.

Initial Position. Chief Business Officer Start Date: The tentative start date, to be agreed upon by you will be Monday, January 26, 2009 Reporting Relationship: You will initially report to M. S▇▇▇▇ ▇▇▇▇▇, Chief Executive Officer Initial Responsibilities: You will be responsible for, but not limited to, developing long range strategic plans for the Company as well as identifying and pursuing strategic business opportunities, mergers, acquisitions, partnerships, alliances and/or joint ventures. You will also serve on the Executive Management Committee. Location: You will initially be based in San Diego, California Compensation: You will be a regular full-time, exempt employee and receive a gross monthly salary of $23,541.67 ($282,500 annualized) which will be paid semi-monthly in arrears in accordance with the Company’s normal payroll procedures.

Examples of Initial Position in a sentence

• Employee will serve initially in the position designated in the Initial Position, Compensation and Benefits Schedule attached hereto as Schedule A ("Schedule A") and will have those duties and responsibilities that the Company assigns to Employee from time to time.

• The following example is illustrative of the operation of this adjustment methodology: Assume that on the Effective Date the MHC Index Initial Position is 100.

• Within 30 days after the Effective Date, the USW RP shall designate one of these two officer positions as the "Initial Position" and the other as the "Long-Term Position." Until the tenth anniversary of the Effective Date, the USW RP shall be entitled to designate a candidate, who must be reasonably acceptable to the ATI RP, to replace the officer in the Long-Term Position upon his death, resignation or removal.

• Except as described below, if, on any Anniversary Date, the Adjusted Position of the MHC Index is lower than the Initial Position of the MHC Index by twenty ---------- percent (20%) or more, an examination of the Market Index will be required.

• Throughout the Term, the Executive shall perform all duties reasonably assigned or delegated to him under the By-laws of the Employer or from time to time by the Board consistent with the Initial Position or the Position, as the case may be.

• Miss Ms. Last Name: Full First Name: Initial: Position Held: Alternate Contact: Contact Address (if R.R., give Lot, Concession No. and Township): City Province Postal Code E‐mail Address Phone Number Fax Number Each Party agrees to promptly provide notice to the other Party of any change in contact information.

• The Initial Position Report is accurate and complete in all material respects as of the date thereof.

• The Executive shall be President and CEO-elect of the Employer (the "Initial Position") commencing with the Effective Date and continuing until the earlier of (i) April 1, 2008 or (ii) the date of retirement of ▇▇▇▇▇▇▇ ▇.

• Except as described below, if, on any Anniversary Date, the Adjusted Position of the MHC Index is lower than the Initial Position of the MHC Index by twenty percent (20%) or more, an examination of the Market Index will be required.

• Miss Ms. Last Name: Phone Number Full First Name: Fax Number Initial: Position Held: Alternate Contact: Contact Address (if R.R., give Lot, Concession No. and Township): City Province Postal Code E‐mail Address Phone Number Fax Number Each Party agrees to promptly provide notice to the other Party of any change in contact information.

More Definitions of Initial Position

Initial Position means the amount of Registrable Securities owned by a Participating Shareholder as of the Effective Date, as set forth on Schedule I attached hereto.