Positions and Term Clause Samples

Positions and Term. The Employee shall serve as a full-time, at-will employee, i n the positions of President and CEO, and shall be the Company's principal executive officer, until the earliest of (i) the date upon which a successor President and CEO is appointed by the Board, (ii) the Employee's death, (iii) a termination by the Company for any reason or no reason, and (iv) a resignation by the employee upon no less than sixty (60) days' prior written notice to the Chairman of the Board (the "Term"). Upon the termination of the Term, the Employee's employment shall terminate and the Employee shall no longer have any responsibilities as the Company's principal executive officer, any responsibility to sign the Company's financial documents including but not limited to quarterly or annual reports, or any other authority or responsibilities as an officer or employee of the Company.