On2 Technologies, Inc. 21 Corporate Drive Suite 103
EXHIBIT
10.1
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00
Xxxxxxxxx Xxxxx
Xxxxx
000
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July
30,
2007
Xxx
Xxxxxxxx
00
Xxxx
Xxxxx
Wynantskill
NY 12198
Dear
Xxx:
The
following constitutes the employment agreement (the "Agreement") between you
(the "Executive") and On2 Technologies, Inc. (the "Company"), a Delaware
corporation. This letter formalizes your promotion to and sets forth the terms
of your employment as Chief Technology Officer and SVP - Core Technologies.
Your
title will be SVP/CTO -- On2 Technologies.
1.
EMPLOYMENT; ACCEPTANCE OF EMPLOYMENT. The Company hereby employs the Executive
during the Term (as defined below) on a full-time basis to render exclusive
services to the Company as Senior Vice President and Co-Chair of the Office
of
Technology. The Executive hereby accepts this employment and will render his
services as required by the Company conscientiously, loyally, faithfully,
competently and to the best of his talents and abilities throughout the Term
in
accordance with the direction and control of his designated supervisor and
the
Board of Directors of the Company (the "Board").
2.
TERM
OF AGREEMENT. The initial term of this Agreement shall commence on the date
hereof and terminate on July 30],
2010.
This Agreement may be renewed by the Company upon 90 days' written notice to
the
Executive prior to the expiration of the initial term or any renewal term and
acceptance of such offer of renewal by the Executive within 10 days of receipt
of such written notice. The initial term, as extended by any renewal term,
is
referred to herein as the "Term."
3.
EXECUTIVE'S DUTIES.
a.
The
Executive's duties include those services customarily rendered by a chief
technology officer of a publicly traded company of the size of the Company
in
the Company's industry, in addition duties as described in Appendix A and such
other duties and services as may reasonably be assigned from time to time in
the
conduct of the business of the Company. The Executive shares equal, joint
responsibility for managing and co-chairing the Office of Technology with Xxxx
Xxxxxxx, Senior Vice President and Chief Technology Officer, who shall also
bear
the title of SVP/CTO On2 Technologies.
b.
The
Executive's services shall be rendered primarily at the Company's offices in
Xxxxxxx Park, New York and at such other locations as the Company may from
time
to time reasonably request consistent with its business needs. Travel (and
related reasonable expenses) to such other locations will be at the Company's
expense, reimbursable to the Executive in accordance with Section 5(b).
c.
The
Executive shall abide by all policies of the Company and shall, at all times,
comply with all laws, rules and regulations applicable to him, in his capacity
as an employee of the Company, promulgated by any agency, commission or other
body having regulatory or another authority over the Company or its business.
4.
EXCLUSIVITY, RESTRICTIVE AGREEMENTS.
a.
During
the Term, the Executive shall devote all of his business time, skill and
energies exclusively to the business of the Company.
b.
The
Executive acknowledges that the nature of the services, position and expertise
of the Executive are such that he is capable of competing with the Company
and
seriously damaging its business and its prospects to the detriment of its
stockholders and employees. In consideration of the Company's performance of
its
obligations under this Agreement, during the Term and thereafter during the
Restricted Period (as defined below) the Executive shall not (i) directly or
indirectly enter into the employ of, or render any advice or services, whether
or not for compensation, to, any Person (as defined below) engaged in any
Competitive Business (as defined below); (ii) directly or indirectly engage
in
any Competitive Business; (iii) solicit, call on or transact, or engage in
any
direct or indirect business activity, or provide assistance in such acts, for
a
purpose competitive with the business of the Company, with any (A) customer
with
whom the Company shall have dealt at any time preceding the termination of
the
Executive’s employment, or (B) independent contractor with whom the Company
shall have dealt at any time preceding the termination of the Executive’s
employment; (iv) influence or attempt to influence any then current or
prospective customer or independent contractor of the Company to terminate
or
modify any written or oral agreement with the Company; (v) influence or attempt
to influence any person, directly or indirectly, for a purpose competitive
with
the business of the Company, either (A) to terminate or modify an employment,
consulting, agency, or other arrangement, whether oral or written, with the
Company, or (B) to employ or retain, or arrange to have any other Person employ
or retain, any person who has been employed or retained by the Company as an
employee, consultant, or agent at any time during the five (5) year period
immediately preceding the termination of the Executive’s employment; (vi)
directly or indirectly have a relationship with or become interested, whether
or
not for compensation, in any Competitive Business as an individual, partner,
member, joint venturer, shareholder, investor, creditor, director, manager,
officer, principal, agent, employee, trustee, consultant, advisor or in any
other relationship or capacity whatsoever or, in the case of any such company
whose securities are traded on a national securities exchange in the United
States or otherwise or in the over-the-counter market, acquire, directly or
indirectly, an interest in excess of one percent (1%) of the outstanding capital
stock of such company. The Company's business is worldwide in scope;
accordingly, the Executive agrees that the covenant not to compete contained
in
this Section 4(b) shall not be subject to any geographical limit.
c.
For
purposes of this Section, any "Competitive Business" shall mean any business
(including, for the avoidance of doubt, any division, unit, subsidiary or
affiliate of any other business whether or not such other business is a
Competitive Business unless the Executive can demonstrate upon the Company's
request that his employment by, engagement in, or his interest in, such unit,
division, subsidiary or affiliate does not and will not require him to provide
services, information, advice or relevant knowledge, skill, know-how or contacts
to the Competitive Business during the Restricted Period) or activity which
is
principally engaged in the design or development of digital video compression,
decompression or playback video technologies, video encoding software, or video
pre-processing or post processing technologies..
d.
For
purposes of this Section, "Person" shall mean any corporation, limited liability
company, partnership, joint venture, trust, individual or any other entity.
e.
For
all purposes of this Section 4, "Restricted Period" shall be the period of
one
year immediately following termination of employment for whatever reason,
including, but not limited to, resignation, termination by the Executive for
Good Reason, termination by the Company with or without Cause (as defined below)
or upon the expiration of the Term.
5.
COMPENSATION.
a.
During
the Term the Executive shall receive base compensation at the rate of
$152,500.00 per year, payable semi-monthly in accordance with the Company’s
standard payroll policies. Such base compensation as may be increased from
time
to time and is hereinafter referred to as "Base Salary".
b.
The
Company will reimburse the Executive for reasonable expenses related to its
business actually incurred or paid by the Executive in the performance of his
duties under this Agreement, including, but not limited to, home cable modem
and
satellite modem bills and cell phone bills, upon presentation of accountings,
expense statements, vouchers or such other supporting information as may be
required by the Company's policies and upon the Company’s approval.
c.
The
Executive shall be eligible to participate in any incentive compensation or
other bonus plan available to the most senior members of the Company’s
management.
6.
EXECUTIVE BENEFITS.
a.
During
the Term, the Executive shall be entitled to participate in such group health,
retirement, profit sharing, 401(k) and other benefits programs or plans,
qualified or unqualified, including any future stock option, bonus or other
incentive program, which are or become available to other senior executives
of
the Company, subject to the policies of the Company with respect to all of
such
programs or plans. Nothing in this Section 6(a) shall be construed to create
a
contractual obligation to provide the Executive with any particular form or
type
of benefit or to limit the discretion of the Board or Compensation Committee
of
the Company or any other duly authorized or appointed plan administrator is
permitted to exercise under any such benefit programs or plans.
b.
During
the Term the Executive shall be entitled to four weeks’ paid vacation per year
of employment to be scheduled on reasonable notice to the Company and to be
taken, accrued and paid on the same basis as other employees of the Company.
7.
TERMINATION OF EMPLOYMENT FOR CAUSE.
a.
The
Company may terminate employment of Executive at any time for any of the
following reasons, each of which is defined as "Cause:"
i.
commission of a felony, any crime of moral turpitude or any act of material
fraud or dishonesty;
ii.
misconduct involving fraud, dishonesty or illegality that could reasonably
be
expected to damage the Company, its business, operations or reputation, as
determined by the Board;
iii.
repeated failure to satisfactorily perform material services required under
this
Agreement in accordance with the requests of the Board;
iv.
willful misconduct or gross negligence in the performance of his duties;
v.
alcohol or illegal drug use or abuse which materially and adversely affects
the
Executive’s performance of his duties hereunder or the Company or its business,
operations or reputation;
vi.
disregard or violation of the legal rights of any employee of the Company or
of
the Company's policies regarding harassment or discrimination;
vii.
material violation of any policies of the Company, the effect of which would
be
materially adverse to the Company or its business, operations or reputation;
or
viii.
a
breach of any material provision of this Agreement (including, but not limited
to, any breach of Sections 3 or 10).
If
the
Company terminates the employment of the Executive for Cause, or if the
Executive resigns during the Term, the Company's obligations under this
Agreement to pay further compensation shall cease forthwith, except that the
Company will pay the Executive, within 30 days from the date of termination
of
his employment, in full and complete satisfaction of all of the Company's
obligations under this Agreement, (i) the Base Salary and, subject to submission
of all required documentation and the Company’s approval, reimbursable expenses
accrued (but unpaid) through the date of termination and (ii) any accrued but
unused vacation days paid at the rate of the Executive's Base Salary. Nothing
contained in this Section 7(a) shall be construed to alter the Executive's
right
under any stock option plan pursuant to which options have been issued to
Executive.
b.
If the
Executive dies during the Term, such death shall be deemed termination for
Cause
and the Company's obligation to Executive's estate shall be the same as those
for termination for Cause as defined in Section 7(a) above.
c.
If, as
a result of the Executive's disability or incapacity during the Term due to
physical illness or condition, or mental illness during the Term, the Executive
is unable to perform his duties hereunder for a consecutive 6-calendar week
period, or an aggregate period of 12 calendar weeks during any 12 months (or
such longer period as may be required to comply with the Family Leave Act or
other applicable law), the Company shall have the right, upon 10 days written
notice to the Executive, to terminate the Executive's employment under this
Agreement. Such a termination shall be deemed termination for Cause as defined
in Section 7(a) but shall in no case become effective until the date at which
the Company's long-term disability plan pays benefits to him.
d.
Any
alleged breach of this Agreement by either party shall not be deemed a breach
until such time as the breaching party shall have received written notice from
the non-breaching party setting forth the alleged breach ("Alleged Breach
Notice") and the breaching party shall not have cured (if curable) the breach
set forth in the Alleged Breach Notice in the 15 days (10 days in the case
where
the alleged breach relates to a default in payment) after receipt of such
Alleged Breach Notice. If the breach set forth in the Alleged Breach Notice
is
not curable and has not resulted in a substantive and material adverse effect
on
the party sending the Alleged Breach Notice, the Company and the Executive
shall, at the request of the other, attempt to meet and discuss such alleged
breach before resorting to remedies or rights under this Agreement or otherwise.
Notwithstanding the foregoing, this Section shall not apply to, and the
Executive shall have no right to cure, a breach by him under clauses (i) and
(iv) of the definition "Cause" contained in Section 7(a), above.
8.
TERMINATION OTHER THAN FOR CAUSE.
a.
If the
Company terminates the Executive's employment without Cause, the Company's
obligations under this Agreement shall be as follows:
i.
The
Company shall continue to pay to the Executive, or in the case of death of
the
employee to his successors or legal representatives or to his estate, during
the
180 days immediately following such termination of employment or expiration
of
the Term, as the case may be (such period is hereinafter referred to as the
"Severance Period"), his Base Salary on a semi-monthly basis as would have
been
paid to the employee had his employment with the Company continued;
ii.
The
Company shall pay to the Executive his proportionate share of any bonus
compensation to which he would have received had he continued to be employed
until the end of the relevant bonus calculation period. Such bonus compensation
shall be payable in a lump sum within 30 days of determination of Executive's
bonus amount;
iii.
The
Company shall continue to provide all benefits to the Executive during the
Severance Period as would have been provided had employment continued, including
medical, disability and life insurance; and
iv.
The
Company shall reimburse the Executive for all reasonable reimbursable expenses
accrued (but unpaid) to the date of termination or expiration of the Term,
subject to submission of all required documentation and the Company’s approval,
as the case may be; and within 10 business days after such termination, any
accrued but unused vacation days paid at Executive's Base Salary.
b.
If a
termination without Cause takes effect prior to the expiration of the Term,
all
of the Executive's stock options which would have vested and become exercisable
had the Executive's employment continued to the end of the Term in which such
termination without Cause has occurred shall vest and become exercisable in
accordance with their terms.
c.
Notwithstanding Section 8(b), if the Company terminates the Executive's
employment without Cause following a business combination (including, but not
limited to, sale or purchase of assets, merger, consolidation or other
transaction that results in the stockholders of the Company receiving liquid
consideration for a majority of the holdings in the Company accompanied by
a
change in actual control of the Company), all stock options theretofore granted
to the Executive shall vest and become exercisable in accordance with their
terms.
9. EXECUTIVE’S
TERMINATION FOR GOOD REASON.
a. If
the
Executive terminates his employment for Good Reason (as defined below), the
Company's obligations to pay further compensation under Section 5 shall cease
forthwith, except that the Company shall pay the Executive:
b.
all
Base
Salary for the Severance Period;
c. any
amount of any bonus that has become payable with respect to a completed Calendar
Year (as defined below) but has not been paid to the Executive;
d. the
Board's good faith estimate of the amount of a bonus, if any, that would become
payable for the Calendar Year in which such termination occurs, based upon
the
goals agreed to by the Company and the Executive or established by the
Compensation Committee of the Company for such Calendar Year: and
e. an
amount
equal to all reasonable reimbursable expenses accrued (but unpaid) to the date
of termination, subject to submission of all required documentation and the
Company’s approval, as the case may be.
f. "Good
Reason" means the occurrence of any of the following:
(i)
the
Executive is demoted or removed from, or does not continue to hold, the
positions or offices described in Section 1(a) hereto or a position or office
substantially similar in nature without his consent; or
(ii)
the
assignment to the Executive without his reasonable consent of any duties
materially inconsistent in any material respect with his position or with his
authority, duties or responsibilities as Senior Vice President and Chief
Technology Officer, or any other action by the Company which results in a
material diminution in position, authority, duties or responsibilities from
the
position, authority, duties or responsibilities of a co-chief technology officer
of a company similar in size, capital structure and business to the Company,
excluding for this purpose an isolated, insubstantial and inadvertent action
not
taken in bad faith or inherent in the nature of a jointly-held position;
(iii)
the
Company fails to pay or provide when due (or reduces) the Base Salary or
benefits to which the Executive is entitled hereunder, which failure is not
cured (or which reduction is not corrected) within 15 days after the receipt
by
the Company from the Executive of his written notice referring to this provision
and describing such failure (or reduction).
g. "Calendar
Year" means the twelve months ending December 31 in which any part of the Term
falls.
10.
NONDISCLOSURE.
a.
Except
as required in order to perform his obligations under this Agreement, the
Executive shall not, without the express prior written consent of the Company,
for any reason, directly or indirectly, disclose or divulge to any Person or
use
for his own benefit or for any purpose other than the exclusive benefit of
the
Company any of the Company's Confidential Information or Trade Secrets at any
time (both during the Term and thereafter) during which such data or information
continues to constitute Confidential Information or a Trade Secret. Except
as
required to be disclosed to his attorney, accountant or financial advisor,
the
Executive shall not disclose or divulge to any Person (particularly to any
employee of the Company) any terms of the Executive's compensation under this
Agreement. Upon any termination or expiration of his employment, the Executive
will promptly deliver to the Company all data, lists, information, memoranda,
documents and all other property belonging to the Company or containing
Confidential Information or Trade Secrets of the Company.
b.
As
used in this Agreement:
i.
"Confidential Information" of the Company shall mean any valuable, competitively
sensitive data and information related to the Company's business other than
Trade Secrets that are not generally known by or readily available to the
Company's competitors, including, among other things, that which relates to
services performed by the Executive for the Company, or was created or obtained
by the Executive while performing services for the Company or by virtue of
the
Executive's relationship with the Company. "Confidential Information" includes,
but is not limited to, all tangible or intangible business or financial plans,
processes, strategies, market research and analyses, projections, methods and
techniques, forecasts and forecast assumptions, business practices, operations
and procedures, marketing information, customer information and other business
information, including records, technologies, designs, patents, business plans,
financial statements, manuals, memoranda, lists and other documentation
respecting the Company; and
ii.
"Trade Secrets" shall mean information or data of the Company, including but
not
limited to technical or non-technical data, compilations, programs, devices,
methods, techniques, processes, financial data and financial plans, that: (a)
derive economic value, actual or potential, from not being generally known
to,
and not being readily ascertainable by proper means by, other Persons who can
obtain economic value from their disclosure or use; and (b) are the subject
of
efforts that are reasonable under the circumstances to maintain their secrecy.
To the extent that the foregoing definition is inconsistent with a definition
of
"trade secret" mandated under applicable law, the latter definition shall govern
for purposes of interpreting the Executive's obligations under this Agreement.
iii.
The
obligations set forth in this Section shall not be applicable to any information
which: (i) the Company has authorized the Executive in writing to publicly
disclose, copy or use, but only to the extent of such authorization;
(ii)
is
generally known or becomes part of the public domain through no fault of the
Executive; (iii) is disclosed to the Company by third parties without
restrictions on disclosure; or (iv) is required to be disclosed in the context
of any administrative or judicial proceedings; PROVIDED that, if the Executive
is requested or becomes legally compelled to disclose any Confidential
Information or Trade Secrets, the Executive will provide the Company with prompt
written notice so that the Company may seek a protective order or other
appropriate remedy and/or waive compliance with the provisions of this Section
and the Executive will cooperate with the Company in any effort the Company
undertakes to obtain a protective order or other remedy. If such a protective
order or other remedy is not obtained or the Company waives compliance with
this
Section, the Executive will furnish only that portion of the Confidential
Information and Trade Secrets that is legally required and will exercise all
reasonable efforts to obtain reliable assurance that confidential treatment
will
be accorded the Confidential Information to be disclosed. The Company hereby
agrees to indemnify and hold harmless Executive from all costs and expenses,
including attorneys' fees, he incurs in carrying out his obligations under
the
provisions of this subsection 10(b)(iii) and further agrees upon the written
request of Executive to advance to Executive the anticipated cost of complying
with his obligations under such proviso provisions.
11.
REPRESENTATIONS AND WARRANTIES. The Executive hereby represents and warrants
that (a) he has the right to enter into this Agreement with the Company and
to
grant the rights contained in this Agreement, and (b) the provisions of this
Agreement do not violate any other contracts or agreements that the Executive
has entered into with any other individual or entity.
12.
SERVICES OF THE EXECUTIVE. In the course of his employment under this Agreement,
the Executive will have access to Trade Secrets, the disclosure or unauthorized
use of which, the Company seeks to protect and the Executive has agreed to
protect. As a result of benefits accruing to the Executive from his access
to
such Trade Secrets, and of the improvement in his knowledge, and proficiency
arising therefrom, the Executive acknowledges that (a) his services are and
will
remain special and extraordinary, and have and will have a peculiar value,
the
loss of which cannot be reasonably or adequately compensated in damages in
any
action at law; (b) he is willing to comply with the restrictions contained
in
Sections 4(b) and 4(c); (c) the restrictions contained in those Sections will
not impair his ability to earn a living in any businesses other than those
businesses from which he is prohibited during the time of such restriction;
and
(d) a material breach of his obligations under Sections 4(b), 4(c) or 10 will
cause the Company irreparable injury and damage. It is, therefore, agreed that
the Company, in addition to any other remedies, shall be entitled to injunctive
and other equitable relief to enforce its rights under, and to prevent a breach
of, Sections 4(b), 4(c) and 10 of this Agreement by the Executive.
13.
ASSIGNABILITY ETC. This Agreement shall be nondelegable and nonassignable by
the
Executive, and shall inure to the benefit of heir and assigns the Executive.
This Agreement shall be binding upon and inure to the benefit of the Company
and
any entity succeeding to all or substantially all of the business assets of
the
Company by merger, consolidation, purchase of assets or otherwise.
14.
NOTICES. Any notice pertaining to this Agreement shall be in writing and shall
be served by delivering said notice (i) by hand, (ii) by overnight mail by
a
internationally recognized carrier, (iii) by sending it by certified mail,
postage prepaid, return receipt requested, or (iv) by confirmed fax, with notice
confirmed, to the Executive at the address first stated above or his office
at
the Company, and to the Company at:
00
Xxxxxxxxx Xx.
Ste.
103
Xxxxxxx
Park, NY 12065
Attn:
CEO
The
addresses for notice may be changed by notice given to the other party pursuant
to this Section.
15.
MISCELLANEOUS.
a.
This
Agreement shall be governed by and construed under the laws and decisions of
the
State of New York applicable without regard to the principles of conflicts
of
laws. The parties to this Agreement agree that the state or federal courts
in
the State of New York shall have personal jurisdiction over them with respect
to, and shall be the exclusive forum for the resolution of, any matter or
controversy arising from or with respect to this Agreement. Service of a summons
and complaint concerning any such matter or controversy may, in addition to
any
other lawful means, be effected by sending a copy of such summons and complaint
by certified mail to the party to be served as specified in Section 14 of this
Agreement or at such other address as the party to be served shall have provided
in writing to the other from time to time in accordance with Section 14.
b.
To the
extent permitted by law, the Executive and the Company irrevocably waive trial
by jury and any objection which he or it may now or hereafter have to the venue
of any suit, action or proceeding arising out of or relating to this Agreement
brought in the City of New York, and to the extent permitted by law, the
Executive and the Company hereby further irrevocably waive any claim that any
such suit, action or proceeding brought in the City of New York has been brought
in an inconvenient forum.
c.
This
Agreement contains the entire understanding of the parties to this Agreement
with respect to the subject matter of this Agreement and supersedes all previous
written and oral agreements between the parties with respect to the subject
matter set forth in this Agreement.
d.
This
Agreement may not be modified or amended except by a writing signed by the
parties to this Agreement.
e.
Any
provision of this Agreement that is deemed invalid, illegal or unenforceable
in
any jurisdiction shall, as to that jurisdiction and subject to this Section,
be
ineffective to the extent of such invalidity, illegality or unenforceability,
without affecting in any way the remaining provisions of this Agreement in
such
jurisdiction or rendering that or any other provision of this Agreement invalid,
illegal or unenforceable in any other jurisdiction. If the covenant should
be
deemed invalid, illegal or unenforceable because its scope is considered
excessive, such covenant shall be modified so that the scope of the covenant
is
reduced only to the minimum extent necessary to render the modified covenant
valid, legal and enforceable.
f.
The
following provisions of this Agreement shall survive in accordance with their
terms, the expiration or termination of this Agreement for any reason: Sections
4, 7, 8, 9, 10, 11, 12 and 15.
g.
A
waiver by either party of any Section, term or condition of this Agreement
in
any instance shall not be deemed or construed to be a waiver of such Section,
term or condition for the future or of any subsequent breach thereof, and any
such waiver must be in writing, signed by the party to be charged. All rights
and remedies contained in this Agreement are cumulative, and none of them shall
be construed so as to limit any other right or remedy of either party.
h.
The
headings and titles to the Sections of this Agreement are inserted for
convenience only and shall not be deemed a part of or affect the construction
or
interpretation of any provisions of this Agreement.
i.
All
references to Sections shall be to sections and schedules of this Agreement.
j.
All
references using male pronouns shall be deemed to include female pronouns.
k.
This
Agreement may be signed in multiple counterparts, each of which shall be deemed
an original. Any executed counterpart returned by facsimile shall be deemed
an
original executed counterpart.
If
the
foregoing accurately reflects the Executive's understanding, please countersign
and return one counterpart of this Agreement to the Company.
Sincerely
yours,
By:
_________________________
Name:
Title:
EXECUTIVE
_________________________
Appendix
A
Office
of the Chief Technology Officers
The
office of the Chief Technology Officers ("Office") is an executive department
reporting to the CEO focused on scientific and technical issues within a
company. The Office will oversee a technical staff at the company with a focus
on research related to video compression technologies. The principals must
be
responsible for creating, evangelizing - both internally and externally - and
then implementing a technological strategy for the entire On2 business with
the
goal of strengthening On2's leading position in video compression technologies
and establishing a strategic leadership in a fast-growing video
space:
Responsibilities/Skills
This
office provides a technical voice in the strategic planning for a company and
helps determine what types of products or services the company should focus
on.
A
list of
responsibilities/ required skills are:
| · |
Innovate.
Participate in research and product creation directly. Be a significant
part of innovative products. Anticipate and leverage technology
opportunities to maintain competitive
advantage
|
| · |
Manage.
Lead and manage the research that involves significant technologies
to the
company. Build internal expertise in new areas. Manage and grow the
company's technical infrastructure to support domestic and international
growth.
|
| · |
Advise.
Provide advice on company products, services, strategy, and structure.
Similar to any other corporate executive, but with a uniquely technical
competence. Evaluate all internal technologies (On2/Hantro) and work
with
the Development organizations to maximize the value of existing and
future
products based on the analysis of these
technologies.
|
| · |
Value.
Aid in the valuation of internal businesses or of potential acquisitions.
Provide analysis and opinion on the value of product portfolios, patents,
facilities, and skilled staff.
|
| · |
Vision.
Build a vision for what technology will make possible, how it will
impact
a company's business area, and how to squeeze the most value from these
changes.
|
| · |
Communicate.
Communicate the vision of the company to its own technical staff, to
industry groups, and to the technical trade press. Engage these groups
with terms from their own domain and with the personal credentials
to be
respected.
|
| · |
Teamwork.
Work with product architects, engineering and business managers to
ensure
that the technological strategy results in creating a thoroughly modern
product line capable of satisfying fast changing market demands and
thus
maximize business objectives. Excellent consensus building and written
and
verbal communication skills a
must.
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