Examples of Executive Chairman Agreement in a sentence
The Executive Chairman Agreement establishes an “at will” employment relationship pursuant to which Dr. Nash serves as Executive Chairman and contemplated a term that ends on October 15, 2020, which was subsequently extended to April 15, 2021.
This Agreement contains the entire agreement between the parties hereto with respect to the matters contemplated herein and supersedes all prior agreements or understandings among the parties related to such matters, including, but not limited to, the Executive Chairman Agreement.
Executive Chairman Agreement with Duane Nash On April 15, 2020, the compensation committee of the Board of Directors of the Company independently reviewed and approved entering into an employment agreement with the current Chairman of the Board, Duane Nash, MD, JD, MBA (the “Executive Chairman Agreement”) and pursuant to such approval, on April 17, 2020, the Company and Dr. Nash entered into the Executive Chairman Agreement.
Up to 8,250,000 shares of Class A Common Stock (or Class B Common Stock, if applicable) may be issued following the closing of the Transaction in the event that the Company achieves certain revenue targets, on the terms and conditions set forth in the Transaction Agreement and the Executive Chairman Agreement.
Capitalized terms used herein, but not defined herein, shall have the meanings ascribed to them in the Executive Chairman Agreement by and between you and the Company dated November 2, 2016 (the “Employment Agreement”).
QUANTUM-SI INCORPORATED By: /s/ John Stark Name: John StarkTitle: Chief Executive Officer [Signature Page to Executive Chairman Agreement] This Agreement has been executed as a sealed instrument by the Company, by its duly authorized representative and by Dr. Rothberg.
By: _/s/ Xxxx Hartung______________________ Name: Xxxx Xxxxxxx Title: Chief Financial Officer EXECUTIVE _/s/ Xxxxx Ells____________________________ Xxxxx Xxxx [Signature Page to Executive Chairman Agreement] Exhibit A Certain Definitions For purposes of this Agreement, the following terms shall have the meanings ascribed to them below.
All other terms of the Executive Chairman Agreement remain the same.
On April 15, 2021, the Company and Dr. Nash entered into an addendum (the “Addendum”) to extendthe term of the Executive Chairman Agreement to April 15, 2022.
The parties acknowledge and agree that the Executive Chairman Agreement is terminated as of the Effective Date, and waive any advance notice of termination provision included in the Executive Chairman Agreement.