![]() ![]() Notwithstanding any other provision in this Agreement, this Agreement will be null and void if it is not approved by a majority of the shares voted to approve the Agreement (excluding the shares voted by Executive) at a meeting of stockholders of the Company to be held no later than Septem(“Approval”). In addition, Executive shall have such other duties and responsibilities as the Board may reasonably assign him, but only with his consent, including serving with the consent or at the request of the Board as an officer or on the board of directors of affiliated corporations, provided that such duties are commensurate with and customary for a senior executive officer bearing Executive’s experience, qualifications, title and position. ![]() In such capacity, Executive shall report solely to the Board of the Company (the “Board”), and shall have such duties, powers and responsibilities as are customarily assigned to a Chief Executive Officer. (a) Executive currently serves as its Chief Executive Officer and desires to continue in such position based upon the terms and conditions set forth herein. Appointment, Title and Duties, Shareholder Approval. NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:ġ. This Employment Agreement (the “Agreement”) is made as of Febru(“Effective Date”) by and between ProPhase Labs, Inc., a corporation organized under the laws of the State of Delaware (“PPL” or the “Company”), and Ted Karkus (“Executive”) and, subject to Section 1(b) below, amends and restates the Executive Employment Agreement between PPL and Executive (“2015 Employment Agreement”). ![]()
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