Status of Xxxxxxx. The undersigned agrees that the individual named below is not an employee of NCWM, that no employment relationship is created or implied by this Agreement; NCWM is not paying any compensation for the services of xxxxxxx. The undersigned agrees that NCWM may withdraw its permission/authority for the xxxxxxx at NCWM’s absolute discretion.
Status of Xxxxxxx. Xxxxxxx agrees that xxxxxxx is not an employee of NCWM, that no employment relationship is created or implied by this Agreement; NCWM is not paying any compensation for the services of xxxxxxx. Xxxxxxx agrees that NCWM may withdraw its permission/authority for the xxxxxxx at NCWM’s absolute discretion.
Status of Xxxxxxx. Xxxxxxx is appointed as Executive Vice President, Research and Development of the Corporation, with full responsibilities for the research and development staff and facilities of the Corporation. Xxxxxxx will report in his capacity as Executive Vice President to the President and Chief Executive Officer of the Corporation.
Status of Xxxxxxx. Xxxxxxx is a corporation duly organized, validly existing, and in good standing under the Laws of the State of Missouri, is authorized under the Laws of the State of Missouri to engage in its business as currently conducted and otherwise has the corporate power and authority to own, lease and operate all of its Assets and to conduct its business in the manner in which its business is now being conducted. Xxxxxxx is duly qualified or licensed to transact business as a foreign corporation in good standing in the states of the United States and foreign jurisdictions in which its ownership of Assets or conduct of business requires such qualification or licensure, except where failure to be so qualified or licensed has not had or would not be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect on Xxxxxxx. Xxxxxxx is duly registered with the Federal Reserve as a bank holding company under the BHC Act. True, complete and correct copies of the certificate of incorporation of Xxxxxxx and the bylaws of Xxxxxxx, each as in effect as of the date of this Agreement, have been delivered or made available to Xxxxxxx.
Status of Xxxxxxx. Except as expressly provided in this Agreement, ----------------- with respect to the Services, Company shall have no responsibility for the payment to or on behalf of Xxxxxxx of any fringe benefits, professional liability insurance premiums, contributions to insurance and pension or other deferred compensation plans nor will Company have any responsibility for the filing of any documents, forms and returns pertinent to all of the foregoing.
