Common use of Background of Agreement Clause in Contracts

Background of Agreement. The Company desires to continue to employ Executive as its Chief Executive Officer, and Executive desires to accept such employment. The Company intends to employ another executive as its new president. · This Agreement provides, among other things, for base compensation for Executive. It also contains a release of claims by Executive in favor of the Company. In consideration of the foregoing, the Company and Executive agree as follows:

Background of Agreement. The Company desires to continue to employ Executive as its Chief Executive Officer, and Executive desires to accept such employment. The Company intends to employ another executive as its new president. · • This Agreement provides, among other things, for base compensation for Executive. It also contains , a release term of claims employment and severance payments in the event Executive is terminated without Cause or by Executive in favor reason of a Change of Control of the Company. In consideration of the foregoing, the Company and Executive agree as follows:

Background of Agreement. The Company desires to continue to employ Executive as its Chief Executive Financial Officer, and Executive desires to accept such employment. The Company intends to employ another executive as its new president. · • This Agreement provides, among other things, for base compensation for Executive. It also contains , a release term of claims employment and severance payments in the event Executive is terminated without Cause or by Executive in favor reason of a Change of Control of the Company. In consideration of the foregoing, the Company and Executive agree as follows:

Background of Agreement. The Company desires to continue to employ Executive as its President and Chief Executive Officer, and Executive desires to accept such employment. The Company intends to employ another executive as its new president. · This Agreement provides, among other things, for base compensation for Executive. It also contains , a release term of claims employment and severance payments in the event Executive is terminated without Cause or by Executive in favor reason of a Change of Control of the Company. In consideration of the foregoing, the Company and Executive agree as follows:

Background of Agreement. The Company desires to continue to employ Executive as its President and desires to employ Executive as its Chief Executive Officer, and Executive desires to accept such employment. The Company intends to employ another executive as its new president. · This Agreement provides, among other things, for base compensation for Executive, a term of employment and severance payments in certain circumstances. It also · This Agreement contains a release of claims by Executive in favor of the Company. In consideration of the foregoing, the Company and Executive agree as follows:

Background of Agreement. The Company desires to continue to employ Executive as its President and Chief Executive Officer, and Executive desires to accept such employment. The Company intends to employ another executive as its new president. · • This Agreement provides, among other things, for base compensation for Executive. It also contains , a release term of claims employment and severance payments in the event Executive is terminated without Cause or by Executive in favor reason of a Change of Control of the Company. In consideration of the foregoing, the Company and Executive agree as follows: