New CEO. Not later than the three (3) month anniversary of the 2007 Closing Date, the Company shall hire a new Chief Executive Officer reasonably satisfactory to the Required Holders, who may not be a current employee of the Company.”
New CEO. Notwithstanding any other provision of this Section 6 to the contrary, Employee's employment with the Company may not be terminated by the first Chief Executive Officer hired by the Company during the Term of Employment without the approval of a majority of the members of the Company's Board of Directors. Employee shall be entitled to severance upon any termination of employment pursuant to this subsection (f) solely to the extent provided by subsection (a), (b), (c), (d) or (e), whichever is applicable to such termination.
New CEO. A new Chairman and Chief Executive Officer (the "NEW CEO") for the Retailer will be recruited and will report to the board of the Retailer. The New CEO will have senior direct responsibility for the Retailer and such additional duties as are assigned from time to time by the board of the Retailer.
New CEO. Within a six (6) month period after the appointment of a CEO other than Xxxxx Xxxxx, the Executive may resign for Good Reason at his discretion, and for clarity, be entitled to the termination benefits as set forth in Section 10.4. In the event the Executive terminates his employment for Good Reason, the Executive shall receive the termination entitlements as set forth in Section 10.4.
New CEO. Notwithstanding any other provision of this Agreement to the contrary, Meridian acknowledges and agrees that the Company and the Board are actively seeking to retain a new CEO and President of the Company (the New CEO) to replace Meridian,
