Common use of Duties Position Clause in Contracts

Duties Position. The Company hereby employs the Executive and the Executive hereby accepts such employment under all of the terms and conditions of this Agreement. The Executive’s principal place of business shall be within the Nashville, Tennessee greater metropolitan area, subject to required business travel. The Executive shall be an officer of the Company, and shall hold the office of Chief Financial Officer, reporting to the Company’s President and Chief Operating Officer until such time as the President and Chief Operating Officer ceases to serve as the Company’s “principal executive officer” for purposes of signing the certifications and related materials contemplated by Rule 13a-14 of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended, at which time Executive shall report to the Chief Executive Officer. In addition following the merger of Pet DRx Acquisition Corp., a wholly-owned subsidiary of Echo Healthcare Acquisition Corp. (“Echo”), into the Company (the “Merger”), if the Executive continues to be employed under this Agreement at such date, Echo will, without the need for further actions by any party, assume this Agreement, XLNT Veterinary Care, Inc. (“XLNT”) will cease to be a party to this Agreement, all references in this Agreement to the “Company” shall be deemed to be references to Echo except for in Sections 4(c)(i) and 6, and the Executive shall not be deemed to have terminated employment hereunder as a result of the foregoing. Accordingly, if the Executive continues to be employed under this Agreement at such date, the Executive will be an officer of Echo upon the Merger and shall hold the office of Chief Financial Officer of Echo. The Executive shall continue following the Merger to serve as an officer of XLNT, if so requested, and agrees to serve as such without additional compensation beyond what is specified in this Agreement. The Executive’s removal or resignation as an officer of XLNT following the Merger shall not give rise to any compensation, severance or benefits under this Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (Echo Healthcare Acquisition Corp.), Executive Employment Agreement (Echo Healthcare Acquisition Corp.)

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Duties Position. The Company hereby employs the Executive and the Executive hereby accepts such employment under all of the terms and conditions of this Agreement. The Executive’s principal place of business shall be within the Nashville, Tennessee greater metropolitan area, subject to required business travel. The Executive shall be an officer of the Company, and shall hold the office offices of Chief Financial OfficerGeneral Counsel and Corporate Secretary, reporting to the Company’s President and Chief Operating Officer until such time as the President and Chief Operating Officer ceases to serve as the Company’s “principal executive officer” for purposes of signing the certifications and related materials contemplated by Rule 13a-14 of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended, at which time Executive shall report to the Chief Executive Officer. In addition following the merger of Pet DRx Acquisition Corp., a wholly-owned subsidiary of Echo Healthcare Acquisition Corp. (“Echo”), into the Company (the “Merger”), if the Executive continues to be employed under this Agreement at such date, Echo will, without the need for further actions by any party, assume this Agreement, XLNT Veterinary Care, Inc. (“XLNT”) will cease to be a party to this Agreement, all references in this Agreement to the “Company” shall be deemed to be references to Echo except for in Sections 4(c)(i) and 6, and the Executive shall not be deemed to have terminated employment hereunder as a result of the foregoing. Accordingly, if the Executive continues to be employed under this Agreement at such date, the Executive will be an officer of Echo upon the Merger and shall hold the office offices of Chief Financial Officer General Counsel and Corporate Secretary of Echo. The Executive shall continue following the Merger to serve as an officer of XLNT, if so requested, and agrees to serve as such without additional compensation beyond what is specified in this Agreement. The Executive’s removal or resignation as an officer of XLNT following the Merger shall not give rise to any compensation, severance or benefits under this Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (Echo Healthcare Acquisition Corp.), Executive Employment Agreement (Echo Healthcare Acquisition Corp.)

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