Example ContractsClausesChange in Executive’s Position
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Change in Executive’s Position. In the event that transfers, demotes, promotes, or otherwise changes Executive’s compensation or position with , the restrictions and post-termination obligations set forth in [Sections 8 through 13] of this Agreement shall remain in full force and effect.

CHANGE IN ELIGIBLE POSITION. Unless otherwise determined by the Committee or the CEO (with respect to individuals who are not [Section 16] Officers), if a Participant changes from one eligible position to another during a Plan Year, the Participant’s Annual Incentive Award for such Plan Year will be prorated based on the number of days such person participated in the Plan during the Plan year in each respective position and shall be determined with respect to the Target Award and Performance Objectives relevant to such respective positions.

Position. Employee shall continue in the employ of Albany performing, in good faith, and to the best of his abilities, the duties of Chief Financial Officer and such other duties that may be assigned to him from time to time, by his supervisor.

Position. You shall serve as the Executive Vice President, Chief Financial Officer of the Company or in such other or additional positions as the Company’s President, Chief Executive Officer and/or Board of Directors (the “Board”) may determine from time to time. In such position, You shall # report to the Company’s President or such other person as the Company may designate from time to time, and # have such duties, authority and responsibility as shall be determined from time to time by the Company’s President, Chief Executive Officer and/or Board.

Position. The Company hereby employs Employee as Chief Technology Officer of the Company. Employee shall report directly to the President/Chief Employee Officer of the Company (the “CEO”) and shall have the duties, authority and responsibilities customarily held by a person holding the position Chief Technology Officer in companies engaged in business similar to the Company’s business and of similar size to the Company. Employee shall render such other services as may be reasonably assigned to them from time to time by the CEO. Employee shall be a full-time, exempt employee. Employee’s employment under this Agreement is expected to commence on April 18, 2022.

Position. Executive is employed as the Company’s Chief Financial Officer and shall have the duties and responsibilities assigned by the Company’s Chief Executive Officer (“CEO”) both upon initial hire and as may be reasonably assigned from time to time. Executive shall perform faithfully and diligently all duties assigned to Executive. The Company reserves the right to modify Executive’s position and duties at any time in its sole and absolute discretion, subject to Section 7.3 below.

Position. Subject to the terms and provisions of this Agreement, the Company shall cause the Director to be appointed, and the Director hereby agrees to serve the Company in such position upon the terms and conditions hereinafter set forth, provided however, that the Director’s continued service on the Board of Directors of the Company (the “Board”) after the initial one-year term on the Board shall be subject to any necessary approval by the Company’s stockholders.

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Position. Executive’s employment with the Company will commence as soon as practicable on a date to be determined by Executive and the Board, which shall be no later than October 3, 2022 (the “Start Date”). Executive will have all of the duties, responsibilities and authority commensurate with the position of CEO. Executive’s workplace will be at the Company’s headquarters, currently located in San Francisco, California.

Position. Your initial position with the Company will be Chief Medical Officer. This is a full-time position. The Company expects you to work 40 hours per week.

Position. The Company hereby employs Employee as Chief Operating Officer of the Company. Employee shall report directly to the President/Chief Executive Officer of the Company (the “CEO”) and shall have the duties, authority and responsibilities customarily held by a person holding the position Chief Operating Officer in companies engaged in business similar to the Company’s business and of similar size to the Company. Employee shall render such other services as may be reasonably assigned to him from time to time by the CEO.

Position. During the Term, on the terms and subject to the conditions set forth in this Agreement, the Company shall employ the Executive and the Executive shall serve the Company as “Chief Executive Officer” and “Chief Scientific Officer.” The Executive shall report to the Company’s Board of Directors (the “Board”).

a substantial reduction, not consented to by the Executive, in the nature or scope of the Executive’s duties, responsibilities, authorities, powers, functions or duties or change in the Executive’s title to any position other than Chief Technology Officer, including, without limitation, any requirement that the Executive report to any person(s) other than the CEO or the Board; provided that it will be considered a substantial reduction in duties and responsibilities if after a Change in Control (as defined herein), the Executive is not Chief Technology Officer of the ultimate parent of the resulting company and such parent is not a publicly traded company; or

Good Reason means the occurrence of one or more of the following events without Executive’s express consent: # a material reduction of Executive’s Base Salary (except where there is a pro-rata reduction applicable to the management team generally), or # a material change in the geographic location at which Executive must perform her services; provided, that in no instance will the relocation of Executive to a facility or a location of fifty (50) miles or less from Executive’s then current office location be deemed material for purposes of this Agreement, or # a material reduction of Executive’s authorities, duties or responsibilities, including after a Change of Control # the assignment of responsibilities, duties, reporting relationship or position that are not at least the substantial functional equivalent of the Executive’s position occupied immediately preceding the Change of Control, including the assignment of responsibilities, duties, reporting relationship or position that are not in a substantive area that is consistent with the Executive’s experience and the position occupied prior to the Change of Control or # a material diminution in the budget and number of subordinates over which the Executive’s retains authority; 8. Limitation on Payments; [Section 280G]. If any severance or other benefits payable to Executive under this Agreement or otherwise (the “Payments”) # are “parachute payments” within the meaning of Code Section 280G and # but for this Section 8, would be subject to the “golden parachute” excise tax imposed by Section 4999 of the Code, then the Payments will reduced to a level that will result in no tax under Code Section 4999 unless it would be better economically for Executive to receive all of the Payments and pay the excise tax. If a reduction in the Payments is necessary for this purpose, then the reduction will occur in the following order # reduction of the cash severance payments; # reduction of continued employee benefits; and # cancellation of accelerated vesting of equity awards . If the acceleration of vesting of equity award compensation is to be reduced, that acceleration of vesting will be cancelled in the reverse order of the date of grant of Executive’s equity awards. Any determination required under this Section 8 will be made in writing by a nationally recognized accounting firm chosen by the Company immediately prior to a Change of Control and paid for by the Company and that determination will be conclusive and binding upon Executive and the Company for all purposes.

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