Document ID: 14615

Text:
(a) Executive shall be assigned with the duties and responsibilities of President and Chief Operating Officer , it being understood that it is anticipated that on or before December 31, 2017, Executive shall be appointed as Chief Executive Officer and thereafter assigned with the duties and responsibilities of such office as may reasonably be assigned to Executive from time to time by the Board of Directors of the Company (the Board). Executive shall perform such duties, undertake the responsibilities, and exercise the authorities customarily performed, undertaken and exercised by persons situated in a similar executive capacity at a similar company. In performing Executives duties hereunder, while serving as President and Chief Operating Officer , Executive shall report jointly to the Chief Executive Officer and the Board, and at such time as he is appointed as Chief Executive Officer, Executive shall report solely and directly to the Board. Within thirty (30) days after the Effective Date, the Company shall cause Executive to be appointed to the Board. When Executive is elected as a director of the Company or as a director or officer of any of the Companys Affiliates, Executive will fulfill Executives duties as such director or officer without additional compensation. During the Term, the Company shall cause Executive to be nominated to the Board and support his reelection. The Company agrees to explicitly state in its public announcement of the hiring of the Executive that the Executive is the CEO designate and that the Company anticipates that the Executive will be named as the Chief Executive Officer by December 31, 2017.

Named Entities:
13
13
Role
15
17
Role
30
33
TerminationDate
40
42
Role
122
124
Role
132
134
Role
148
150
Role
263
263
Role
278
280
Role
282
285
TerminationDate

Tokenized Text:
(
a
)
Executive
shall
be
assigned
with
the
duties
and
responsibilities
of
President
and
Chief
Operating
Officer
,
it
being
understood
that
it
is
anticipated
that
on
or
before
December
31
,
2017
,
Executive
shall
be
appointed
as
Chief
Executive
Officer
and
thereafter
assigned
with
the
duties
and
responsibilities
of
such
office
as
may
reasonably
be
assigned
to
Executive
from
time
to
time
by
the
Board
of
Directors
of
the
Company
(
the
Board
)
.
Executive
shall
perform
such
duties
,
undertake
the
responsibilities
,
and
exercise
the
authorities
customarily
performed
,
undertaken
and
exercised
by
persons
situated
in
a
similar
executive
capacity
at
a
similar
company
.
In
performing
Executives
duties
hereunder
,
while
serving
as
President
and
Chief
Operating
Officer
,
Executive
shall
report
jointly
to
the
Chief
Executive
Officer
and
the
Board
,
and
at
such
time
as
he
is
appointed
as
Chief
Executive
Officer
,
Executive
shall
report
solely
and
directly
to
the
Board
.
Within
thirty
(
30
)
days
after
the
Effective
Date
,
the
Company
shall
cause
Executive
to
be
appointed
to
the
Board
.
When
Executive
is
elected
as
a
director
of
the
Company
or
as
a
director
or
officer
of
any
of
the
Companys
Affiliates
,
Executive
will
fulfill
Executives
duties
as
such
director
or
officer
without
additional
compensation
.
During
the
Term
,
the
Company
shall
cause
Executive
to
be
nominated
to
the
Board
and
support
his
reelection
.
The
Company
agrees
to
explicitly
state
in
its
public
announcement
of
the
hiring
of
the
Executive
that
the
Executive
is
the
CEO
designate
and
that
the
Company
anticipates
that
the
Executive
will
be
named
as
the
Chief
Executive
Officer
by
December
31
,
2017
.