Who Signs Ceo Employment Agreement

b. “good reasons”: (i) a material adverse change by the company of your obligations, property, powers or responsibilities as Chief Executive Officer of the Company, with the exception of paragraph 6; (ii) a change in the report lines so that it no longer reports directly and exclusively to the Board of Directors and/or its Chairman; (iii) any reduction in your base salary or a substantial reduction in your potential bonus formula; (iv) a substantial breach of this agreement by the company; (v) non-election to the board of directors referred to in paragraph 1 of this election; or (vi) any requirement that you transfer more than twenty-five (25) miles from your current head office (except in a location that does not significantly increase your normal travel time). In the event that you think an event has occurred, which is the cause of a good potential reason, (a) you will inform the chairman and board of directors of the company153s within ninety (90) days after the event (s) which is supposed to be a good reason, in writing, with an appropriate detailed explanation of the reasons, which you think is good, (b) the company is not obliged to cure such events if they are curable within sixty (60) days of receiving such a letter from the company153, and (c) you must state your intention to terminate your employment properly within thirty (30) days after the expiry of the healing period, so that it is effective within six (6) months. others. Include the state that controls the implementation of the agreement. Consider dispute resolution methods such as arbitration. It is presumed and agreed that if you receive benefits under this paragraph, you will not be entitled to any other benefits or benefits under this agreement as a result of termination of your employment under this agreement and that you agree to execute an authorization prepared by the company to receive the benefits covered in this paragraph; Provided, however, that such a release does not release rights or that your rights (i) are open with respect to the rights you have from the company or its associated companies in connection with a claim or threat or proceeding against you, which arises from your official service or refers to you, is limited or limited by other means, the director or staff, depending on the case, of the company or your service in such capacity or similar capacity with a related company and in accordance with the statutes of the company in force at the time, (ii) in accordance with this agreement, including, but without limitation, at 7A bis.-d. (iii) with respect to all rights you have as a shareholder of the company (iv) for all benefits as part of a performance plan of the company in which you participate or (v) for previously divested stock options. The company, within five (5) days of the termination of your employment, must provide you with a form of release that meets the requirements of this paragraph and to obtain the benefits provided above, with the exception of the basic salary earned but unpaid and leave, you are required to carry out this authorization and return it to the company before the 60th day following the termination of your employment contract (this 60-day period is “unlocking”).