Position Duties Contract Clauses (103)

Position Duties. You will remain employed as Chief Business Officer, reporting directly to the Company's Chief Executive Officer, based in the Company's San Francisco area offices or at other locations as mutually agreed. You agree to devote your commercially reasonable efforts and full business time, skill and attention to the performance of your duties. You are also required to adhere to the general employment policies and practices of the Company that may be in effect from time to time, except that when the t...erms of this Agreement conflict with the Company's general employment policies or practices, this Agreement will control. The Company may change your position, duties, work location and compensation from time to time in its discretion, subject to the terms and conditions set forth herein. View More

Position Duties. Your title will be Senior Vice President, Global Human Resources and you will report to me, Mark Foley, President and Chief Executive Officer. In this position you will perform the duties outlined in the job description and such other duties as may be assigned. The Company may change your position, duties, and work location from time to time as it deems necessary, subject to the terms of this Offer Letter. Your start date ("Start Date") is January 1, 2017.2. COMPENSATION. (a) Base Salary. You wi...ll be paid a salary at the annual rate of $300,000.00, less required deductions and withholdings, payable in semi-monthly installments or otherwise in accordance with the Company's standard payroll practices for salaried employees. This salary may be subject to adjustment pursuant to the Company's employee compensation policies in effect from time to time. (b) Initial Equity Grant. Subject to the approval of the Board of Directors, you will be granted Restricted Stock Units ("RSUs") with a Value of $1,000,000.00 (one million dollars) pursuant to the Company's 2011 Equity Plan. The vesting commencement date of these shares shall be the 15th of the month following your Start Date. The number of shares subject to the RSUs shall be equal to the Value set forth above divided by the average Fair Market Value of the Company's stock for thirty calendar days prior to the Date of Grant. The RSUs shall vest over four (4) years with one-fourth (1/4) of the RSU's vesting at the end of twelve (12) months after the vesting commencement date, and each remaining one-fourth (1/4) vesting annually at the end of twenty-four (24) months, thirty-six (36) months, and forty-eight (48) months after the vesting commencement date, respectively. The RSUs will be subject to the terms and conditions applicable to RSUs granted under the Company's 2011 Equity Incentive Plan, and as described in that Plan and the applicable equity agreement.1. (c) Corporate Bonus Plan. Your target annual bonus shall be 50% of your base salary ("Target Bonus"). All other aspects of your eligibility are pursuant to the Company's Corporate Bonus Plan (the "Bonus Plan"). You must be employed on the date of payout for the bonus to be considered earned.3. BENEFITS. You shall be entitled to the Company's employment benefits available to all Company employees, as the same currently exist or may exist in the future, pursuant to the terms of the applicable benefit plans. You acknowledge that participation in Company benefit programs may require payroll deductions and/or direct contributions by you. View More

Position Duties. The Executive shall be employed as: (i) a member of the Company's Board of Directors ("Board"); (ii) Chief Executive Officer, President and General Counsel of the Company; and (iii) Chief Executive Officer and General Counsel of Viridis Biotech, Inc. and shall have the authorities and responsibilities customarily associated with the status of such positions at NASDAQ listed companies. In his capacity as Chief Executive Officer, the Executive shall report directly to the Board and shall have ulti...mate responsibility for all the Company's current and future operations in the U.S. and abroad. Upon termination of the Executive's employment for any reason, if and to the extent requested by the Company, the Executive shall promptly resign from the Board and from all other positions that the Executive then holds with the Company or any affiliate and promptly execute all documentation for such resignations. The Executive shall devote substantially all of his business time, effort and energies to the business of the Company; provided, however, that notwithstanding the foregoing, the Executive may (a) serve as an officer or director of any of the entities for whom he serves as such on the Commencement Date or any other entity, (b) engage in civic, charitable, public service and community activities and affairs, (c) accept and fulfill a reasonable number of speaking engagements, and (d) manage his personal investments and affairs, as long as such activities do not, in the Executive's reasonable and good faith judgment, interfere, individually or in the aggregate, with his obligations and the proper performance his duties and responsibilities to the Company under this Agreement in any material respect. View More

Position Duties. Executive shall hold the title and position of Chief Financial Officer and Corporate Treasurer of the Company and shall have the duties and responsibilities usually vested in such capacities, as determined from time to time by the Chief Executive Officer, Board of Directors and By-laws.

Position Duties. During the Employment Term, Executive shall hold the title and position of Chief Governance Officer, Executive Vice President, and Corporate Secretary of the Company and shall have the duties and responsibilities usually vested in such capacities, as determined from time to time by the Board of Directors, Chief Executive Officer, and By-laws.