EMPLOYMENT TITLE definition
EMPLOYMENT TITLE. Employer employs Employee on the terms and conditions stated in this Agreement to perform the functions as Chief Executive Officer ("CEO") and President from June 1, 2000 through the earlier date of November 30, 2000, or the effective date of the Acquisition and Merger. At which time ▇▇▇ ▇▇▇▇▇▇ shall be given the title of President of the subsidiary corporation that will operate the San Diego Flash franchise. If the Board resolves to hire a CEO and President for the Parent Company, ▇▇▇ ▇▇▇▇▇▇ shall have the opportunity to submit his formal application, in writing for the position of CEO and President of the Parent Company based on his experience, education, expertise EMPLOYMENT _______________ _______________ AGREEMENT EMPLOYER EMPLOYEE and performance under this contract. If the Board resolves that ▇▇▇ ▇▇▇▇▇▇ is not the most qualified of the applicants to hold the position of CEO and President of the new holding company, then ▇▇▇ ▇▇▇▇▇▇ will automatically assume the position as President of the San Diego Flash subsidiary franchise for the remainder of the term of this Agreement. The naming of a new CEO and President for the Parent Corporation by the Board of Directors shall not in any manner affect ▇▇▇ ▇▇▇▇▇▇'▇ rights under this Agreement.