Employment Memorandum Between COMSovereign Holding Corp. and David Knight as Interim CEO (September 1, 2022)
COMSovereign Holding Corp. has appointed David Knight as Interim Chief Executive Officer, effective September 1, 2022, for an initial term of up to 60 days. Mr. Knight will report to the Board of Directors and is required to dedicate his full business time to the company. He will receive an annual base salary of $180,000 and a signing bonus of $60,000. He is also eligible for participation in the company’s 2020 Long-Term Incentive Plan and other employee benefit plans. Acceptance is confirmed by Mr. Knight’s signature.
Exhibit 10.1
 | COMSovereign Holding Corp. Tucson, AZ 85750 |
| Employment Memo |
| Date: | September 1, 2022 | |
| Subject: | Employment as Interim Chief Executive Officer | |
| From: | Board of Directors | |
| To: | David Knight | |
| CC: | Kevin M. Sherlock, General Counsel | |
David Knight:
We are pleased to offer you the position of Interim Chief Executive Officer (“I-CEO”) of COMSovereign Holding Corp. (the Company”). You will have such duties, responsibilities and authorities consistent with the position as the Company’s CEO. You will report to the Board of Directors. You will be required to devote your full business time, effort and energy to the affairs of the Company and the discharge of your duties.
Your start date will be September 1, 2022. The initial term shall be for up to 60 days.
Your initial annual base salary shall be $180,000. In addition, you will be entitled to a signing bonus in the amount of $60,000.
You will be eligible to participate in the grant of awards under the Company’s 2020 Long-Term Incentive Plan. You will be eligible to participate in such benefit plans as the Company provides to its employees from time to time in accordance with the Company policies.
Please acknowledge your acceptance of this employment by signing below.
| By: | /s/ David Knight | |
| David Knight |
