Audit Committee Review. Executive agrees that if the Company’s cash or cash equivalents fall below $50,000 at any time, then the Audit Committee of the Board of Directors may, at its discretion, exercise its right to pre-approve cash disbursements of the Company.
Appears in 4 contracts
Samples: Employment Agreement (Sionix Corp), Employment Agreement (Sionix Corp), Employment Agreement (Sionix Corp)