Position Contract Clauses (2,943)

Grouped Into 108 Collections of Similar Clauses From Business Contracts

This page contains Position clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Position. The Executive shall serve as the Company's Chief Financial Officer (CFO), Treasurer and Secretary. The Executive's responsibilities shall be determined by board of directors of the Company. The Executive shall devote his full time, attention and ability to the business of the Company, shall well and faithfully serve the Company, and shall use his best efforts to promote the interests of the Company. His duties shall include all those duties customarily performed by the CFO, Treasurer and... Secretary. The Executive understands that his duties may involve significant travel from his place of employment (both within and outside the country in which that place is located), and he agrees to travel as reasonably required in order to fulfill his duties. The Executive agrees that he shall not accept any other appointments to the board of directors of any other entity without first obtaining the written approval of Company, which approval shall not be unreasonably withheld. Executive will be paid a base salary at the annual rate of $200,000.00 ("Base Salary"), payable in accordance with the Company's standard payroll practices. (b) Other Compensation. Executive will be eligible to participate in the benefit plans established for Company employees, including group life, health, and dental coverage ("Plan Benefits"); in each case to the same extent and in the same manner as other similarly situated executives. (c) Right to Change Plans. Nothing in this letter will be construed to limit, condition or otherwise encumber the Company's right to amend, discontinue, substitute, or maintain any Plan Benefits or perquisite. (d) Vacation/Paid Holidays. Executive shall accrue paid vacation at the rate of 21 days for each calendar year, subject to the terms of the Company's vacation policy. Executive shall be compensated at the usual rate of base compensation for any vacation days and shall also be entitled to paid Company Holidays as generally observed by the Company. Company Holidays are currently defined as New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, the day after Thanksgiving Day, and Christmas Day. In addition to Company Holidays, two floating holidays are granted each year; one of which is Company-designated, and the second of which is by choice of the Executive. All payments in this Section 2 shall be subject to all required federal, state, and local withholding taxes. View More Arrow
Position. The Executive shall serve as the Company's Chief Financial Officer (CFO), Treasurer President and Secretary. will be elected to serve as a member of the Company's Board of Directors. The Executive's responsibilities shall be determined by board of directors of the Company. The Executive shall devote his full time, attention and ability to the business of the Company, shall well and faithfully serve the Company, and shall use his best efforts to promote the interests of the Company. His duties... shall include all those duties customarily performed by the CFO, Treasurer and Secretary. President. The Executive understands that his duties may involve significant travel from his place of employment (both within and outside the country in which that place is located), and he agrees to travel as reasonably required in order to fulfill his duties. The Executive agrees that he shall not accept any other appointments to the board of directors of any other entity without first obtaining the written approval of Company, which approval shall not be unreasonably withheld. The Company agrees that the Executive may continue to advise on two existing outside projects in order to fulfill Executive's professional obligations existing prior to the execution of this Letter Agreement. Executive will be paid a base salary at the annual rate of $200,000.00 ("Base Salary"), payable in accordance with the Company's standard payroll practices. (b) Other Compensation. Executive (i)Executive will be eligible to participate in the benefit plans established for Company employees, including group life, health, and dental coverage ("Plan Benefits"); in each case to the same extent and in the same manner as other similarly situated executives. (ii)Executive will be granted an agreement for the issuance of restricted stock units (RSUs) for 3,000,000 shares of the Company's common stock, which shares will vest quarterly in equal amounts over a period of two years from the date of grant (with 375,000 shares vesting on the last day of each calendar quarter beginning on June 30, 2020), and which shares will not be issued and delivered to Executive until June 3, 2022, at the request of the Executive. (c) Right to Change Plans. Nothing in this letter will be construed to limit, condition or otherwise encumber the Company's right to amend, discontinue, substitute, or maintain any Plan Benefits or perquisite. (d) Vacation/Paid Holidays. Executive shall accrue paid vacation at the rate of 21 days for each calendar year, subject to the terms of the Company's vacation policy. Executive shall be compensated at the usual rate of base compensation for any vacation days and shall also be entitled to paid Company Holidays as generally observed by the Company. Company Holidays are currently defined as New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, the day after Thanksgiving Day, and Christmas Day. In addition to Company Holidays, two floating holidays are granted each year; one of which is Company-designated, and the second of which is by choice of the Executive. All payments in this Section 2 shall be subject to all required federal, state, and local withholding taxes. View More Arrow
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Position. Executive shall initially be employed in the position set forth above, with the duties and responsibilities customarily associated with that position. From time to time, urban-gro may determine that it is in urban-gro's best interest to add to, subtract from, or otherwise change your duties and responsibilities, or change or eliminate your title.
Position. Executive shall initially be employed in the position set forth above, with the duties and responsibilities customarily associated with that position. From time to time, urban-gro may determine that it is in urban-gro's urban-Gro's best interest to add to, subtract from, or otherwise change your duties and responsibilities, or change or eliminate your title. As long as Executive is employed by urban-gro, the Board agrees to recommend in the Company's annual proxy to the Shareholders of the... Company that the Shareholders vote FOR the election of Executive to the Company's board of directors. View More Arrow
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Position. You will continue to serve as the President and Chief Executive Officer and you will continue to report to the Board of Directors of TuSimple. This is a full-time, exempt position. By signing this Agreement, you confirm to the TuSimple Group that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the TuSimple Group. While you render services to the TuSimple Group, you will not engage in any other employment, consulting or other... business activity (whether full-time or part-time) that would create a conflict of interest with the TuSimple Group. View More Arrow
Position. You Effective as of November 10, 2022 (the "Start Date"), you will continue cease serving as a consultant pursuant to serve that certain consulting agreement by and between you and TuSimple, effective as of March 3, 2022 (the "Consulting Agreement"), and commence serving as the President and Chief Executive Officer and you of TuSimple. You will continue to report to the Board of Directors of TuSimple. TuSimple (the "Board"). This is a full-time, exempt position. By signing this Agreement, you... confirm to the TuSimple Group that you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the TuSimple Group. While you render services to the TuSimple Group, you will not engage in any other employment, consulting or other business activity (whether full-time or part-time) that would create a conflict of interest with the TuSimple Group. View More Arrow
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Position. Employee will continue to serve in the position of Chief Executive Officer. Employee will continue to report to the Company's Board of Directors (the "Board"), and shall be responsible for the duties customarily associated with this position and such other duties assigned by the Company. Employee will work remotely. Employee will be employed on a part-time basis and will spend seventy-five percent (75%) of Employee's business time and efforts towards the performance of his duties for the... Company. Employee will also serve as a member of the Board. View More Arrow
Position. Employee will continue to serve in the position of Chief Executive Officer. Employee will continue to report to the Company's Board of Directors (the "Board"), and shall be responsible for the duties customarily associated with this position and such other duties assigned by the Company. Employee will work remotely. Employee will be employed on a part-time basis and will spend seventy-five percent (75%) of Employee's business time and efforts towards the performance of his duties for the... Company. full-time basis. Employee will also serve as a member of the Board. View More Arrow
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Position. You will become the Senior Vice President, Clinical Operations working remotely out of the Boston area. You will work as a member of the Clinical Team on matters related to the clinical program at Imago. You will report to me directly. You agree to the best of your ability and experience that you will at all times loyally and conscientiously perform all of the duties and obligations required of and from you pursuant to the express and implicit terms hereof, and to the reasonable satisfaction of... the Company. View More Arrow
Position. You will become the Senior Vice President, Clinical Operations Pre-Clinical & CMC working remotely out of the Boston area. You will work as a member of the Clinical Pre-Clinical Team on matters related to the clinical program at Imago. chemistry, pre-clinical programs and drug development. You will report to me directly. You agree to the best of your ability and experience that you will at all times loyally and conscientiously perform all of the duties and obligations required of and from you... pursuant to the express and implicit terms hereof, and to the reasonable satisfaction of the Company. View More Arrow
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Position. Effective as of June 1, 2021 (the "Transition Date") you will cease to be the Chief Executive Officer of the Company and will serve as the Company's Executive Chairman ("Executive Chairman"), reporting to the Company's Board of Directors (the "Board"). You will be expected to devote your full working time and attention to the business of the Company, and while you render services to the Company, you will not engage in any other employment, consulting or other business activity (whether... full-time or part-time) that could create an actual or potential business or fiduciary conflict of interest with the Company. Notwithstanding the foregoing, you may continue service as a member of the board of directors of Bruker Corporation and as a trustee emeritus of the Keck Graduate Institute of Applied Life Sciences and manage personal investments, participate in civic, charitable, and academic activities (including serving on the boards and committees of such organizations), provided that such activities do not at the time the activity or activities commence or thereafter (i) create an actual or potential business or fiduciary conflict of interest or (ii) individually or in the aggregate, interfere materially with the performance of your duties to the Company, and you comply with applicable Company policies.As of the Transition Date, you will remain on the Board, and for so long as you serve as Executive Chairman, subject to the requirements of applicable law (including, without limitation, any rules or regulations of any exchange on which the common stock of the Company is listed), the Board and/or the Nominating and Corporate Governance Committee of the Board will nominate you for re-election to the Board at each annual meeting at which you are subject to re-election. If your position as Executive Chairman is terminated by you or the Company for any reason, you agree to promptly resign from the Board and any committee thereof, unless requested otherwise by the Board.2. Term. Subject to the terms of this Agreement, this Agreement will remain in effect from the Transition Date until terminated by you or the Company. View More Arrow
Position. Effective as of June 1, 2021 (the "Transition Date") you You will cease continue to be the Chief Executive Officer of the Company and will serve as the Company's Executive Chairman ("Executive Chairman"), Chair, reporting to the Company's Board of Directors (the "Board"). You will be expected to devote your full working time and attention to the business of the Company, and while While you render services to the Company, you will not engage in any other employment, consulting or other business... activity (whether full-time or part-time) that could create an actual or potential a business or fiduciary conflict of interest with the Company. Notwithstanding the foregoing, subject to the approval of the Board, and in accordance with the terms of the Nominating and Corporate Governance Committee Charter, you may continue serve on boards of directors and provide consulting services to non-competitive private or public companies. Pursuant to this Agreement, the Board consents to your continued service as a member of the board of directors of DNA Script Inc., Bruker Corporation Corporation, and as a trustee emeritus of the Keck Graduate Institute of Applied Life Sciences and manage Sciences, your management of your personal investments, participate and your participation in civic, charitable, and academic activities (including serving on the boards and committees of such organizations), provided that such activities do not at the time the activity or activities commence or thereafter (i) create an actual or potential a business or fiduciary conflict of interest or (ii) individually or in the aggregate, interfere materially with the performance of your duties to the Company, and you comply with applicable Company policies.As of the Transition Date, you will remain on the Board, and for policies.For so long as you serve as Executive Chairman, Chair, subject to the requirements of applicable law (including, without limitation, any rules or regulations of any exchange on which the common stock of the Company is listed), the Board and/or the Nominating and Corporate Governance Committee of the Board will nominate you for re-election to the Board at each annual meeting at which you are subject to re-election. If your position as Executive Chairman is terminated by you or the Company for any reason, you agree to promptly resign from the Board and any committee thereof, unless requested otherwise by the Board.2. Term. Subject to the terms of this Agreement, this Agreement will remain in effect from the Transition Date until terminated by you or the Company. View More Arrow
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Position. While the Executive is employed by the Company, the Executive shall serve as the Chief Executive Officer of the Company and shall serve on the Company's board of directors (the "Board"), subject to his reelection thereto from time to time by the Company's stockholders. The Executive will be based at the Company's headquarters in San Diego, California, traveling as reasonably required by the Executive's job duties.
Position. While the Executive is employed by the Company, the Executive shall serve as the Chief Executive Product Officer of the Company and shall serve on the Company's board of directors (the "Board"), subject to his reelection thereto from time to time by the Company's stockholders. Company. The Executive will be based at the Company's headquarters in San Diego, California, traveling as reasonably required by the Executive's job duties.
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Position. You will continue to serve as the Company's President and Chief Executive Officer, and you will continue to report to the Company's Board of Directors (the "Board"). You will also continue to serve as a member of the Board. During your employment with Pyxis, you will devote your full time and best efforts to the business of Pyxis, except that you may engage in the business activities described on Appendix A of this Letter, and other activities that may be approved in advance in writing by the... Board. View More Arrow
Position. You will continue to serve as the Company's President and Chief Executive Financial Officer, and you will continue to report to the Company's Board of Directors Chief Executive Officer (the "Board"). You will also continue to serve as a member of the Board. "CEO"). During your employment with Pyxis, you will devote your full time and best efforts to the business of Pyxis, except that you may engage in the business activities described on Appendix A of this Letter, Agreement, and other... activities that may be approved in advance in writing by the Board. Board of Directors of the Company (the "Board"). View More Arrow
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Position. Commencing on March 25, 2022, your title will be Chief Executive Officer. During your period of employment with the Company, you are also expected to devote your entire working time for or at the direction of the Company or its affiliates. While working for Yext, employees are not permitted to engage in any other paid activities without the prior written consent of an authorized Company officer or to engage in any other unpaid activities that inhibit or prohibit the performance of your duties... to the Company or inhibit or conflict in any way with the business of the Company. View More Arrow
Position. Commencing on March 25, 2022, your Your current title will be Chief Executive Officer. is [TITLE], and you currently report to [NAME]. During your period of employment with the Company, you are also expected to devote your entire working time for or at the direction of the Company or its affiliates. While working for Yext, employees are not permitted to engage in any other paid activities without the prior written consent of an authorized Company officer or to engage in any other unpaid... activities that inhibit or prohibit the performance of your duties to the Company or inhibit or conflict in any way with the business of the Company. View More Arrow
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Position. No bonus is guaranteed and, in addition to the other conditions for earning such compensation, you must remain an employee in good standing of the Company on the scheduled bonus payment date in order to be eligible for any bonus payment. The Company's bonus program will be the only incentive compensation, commissions, or other bonus program that will apply to you. However, nothing in this paragraph will prevent you from participating in incentive compensation, commission plan, retention plan,... or other bonus Shane M. Ward August 17, 2021Page 2 programs created after the commencement of your employment which is specifically designed to include you and/or to which you are specifically invited to participate.4.Stock Options. As a material inducement for your employment, you will be granted a stock option to purchase 250,000 shares of the Company's common stock, pursuant to the Company's Inducement Incentive Plan (the "Plan"). Your stock option will vest over a four year period with 25% of the shares vesting on the one year anniversary of your Start Date, and the remainder vesting in approximately equal monthly installments over the following 36 months, provided that you remain in Continuous Service (as defined in the Plan) through such vesting dates. Your stock options will be subject to the terms and conditions set forth in the applicable Plan and its respective agreements. View More Arrow
Position. No bonus is guaranteed and, in addition to the other conditions for earning such compensation, you must remain an employee in good standing of the Company on the scheduled bonus payment date in order to be eligible for any bonus payment. payment The Company's bonus program will be the only cash incentive compensation, commissions, or other bonus program that will apply to you. However, nothing in this paragraph will prevent you from participating in incentive compensation, commission plan,... retention plan, or other bonus Shane M. Ward August 17, 2021Page 2 programs created after the commencement of your employment which is specifically designed to include you and/or to which you are specifically invited to participate.4.Stock participate. Preetam ShahAugust 19, 2021Page 2 4.Stock Options. As a material inducement for your employment, you will be granted a stock option to purchase 250,000 311,850 shares of the Company's common stock, pursuant to the Company's Inducement Incentive Plan (the "Plan"). Your stock option will vest over a four year period with 25% of the shares vesting on the one year anniversary of your Start Date, and the remainder vesting in approximately equal monthly installments over the following 36 months, provided that you remain in Continuous Service (as defined in the Plan) through such vesting dates. Your stock options will be subject to the terms and conditions set forth in the applicable Plan and its respective agreements. agreements and shall commence vesting on your first date of employment with the Company. If and as deemed advisable by the Compensation Committee and/or the Board in its sole discretion, you shall also be eligible to receive appropriate additional annual equity incentive awards at such time, in such amounts in such types and with such terms as may be deemed appropriate by the Compensation Committee and/or the Board and as per the Company's compensation policy; such additional grants, if any, are not guaranteed and are entirely discretionary.5.Performance Restricted Stock Units. As a further material inducement for your employment, the Company will grant 50,000 performance Restricted Stock Units ("RSUs") that will fully vest upon the first to occur of (i) completion of a successful financing(s) or (ii) business development deal no later than the end of the third quarter of 2022 resulting in the Company's receipt of total cash proceeds in an amount forecasted to fund the Company through the end of the third quarter of 2023 , subject to terms and conditions in the RSU grant. View More Arrow
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