Position. Executive shall continue to serve as the Company’s [Title]. During Executive’s employment with the Company, Executive will devote Executive’s best efforts and substantially all of Executive’s business time and attention to the business of the Company, except for approved vacation periods and reasonable periods of illness or other incapacities permitted by the Company’s general employment policies.

Position. Executive is employed by the Company to render services to the Company in the position of President and Chief Executive Officer and HoldCo in the position of President and Chief Executive Officer. Executive shall perform such duties and responsibilities as are normally related to such positions in accordance with the standards of the industry and any additional duties now or hereafter assigned to Executive by the Company or HoldCo, as applicable. Executive shall abide by the rules, regulations, policies, procedures and practices as adopted or modified from time to time in the Company’s or HoldCo’s, as applicable, sole discretion.

Position. You will serve as Vice President of Engineering of the Company. You will report to the President and Chief Executive Officer (the “CEO”) and shall perform the duties and responsibilities customary for such position and such other related duties as are assigned by the President and CEO. You agree to devote substantially all of your professional time, attention and efforts to the performance of your duties as the Company’s Vice President of Engineering, and shall not render services to any other business without the prior approval of the CEO. The foregoing shall not, however, preclude you # from engaging in appropriate civic, charitable or religious activities, # from devoting a reasonable amount of time to private investments, # from serving on the boards of directors of other entities, or # from providing incidental assistance to family members on matters of family business, so long as the foregoing activities and service do not conflict with your responsibilities to the Company.

Position of Employment. The Company will employ the Executive in the position of President and CEO of [[the Company:Organization]] and, in that position, Executive will report to the Board of Directors of [[the Company:Organization]]. [[the Company:Organization]]’s Board of Directors retains the right to change Executive's title, duties, and reporting relationships as may be determined to be in the best interests of the Company and in accordance with the company’s By Laws; provided, however, that any such change in Executive's duties shall be consistent with Executive's training, experience, and qualifications.

Employment. ​ agrees to employ Executive in the position of Executive Vice President of ​, and Executive agrees to accept employment in this position, subject to the terms and conditions set forth in this Agreement, including the confidentiality, non-competition and non-solicitation provisions which Executive acknowledges were discussed in detail prior to and made an express condition of his promotion to Executive Vice President of ​. Executive acknowledges that the Board’s approval of Executive’s promotion to Executive Vice President of ​ is conditioned upon Executive’s execution of this Agreement.

hold the same position with substantially the same duties and responsibilities as an executive of ​ as Employee held immediately before the Change in Control, as those duties and responsibilities may be extended from time to time during the Retention Period by ​’s Board of Directors (the “Board”);

The parties acknowledge that, at the Merger Effective Time, # the Executive’s title and position with NUVO will be as provided in the [[Merchants Bank:Organization]] Employment Agreement, and # the Executive will cease to be covered by the executive and employee benefit plans of NUVO and will instead be covered by the executive and employee benefit plans of [[Merchants Bank:Organization]] (subject to any non-waivable waiting or qualification periods). Neither the foregoing change in the Executive’s title or position, nor the foregoing change in executive and employee benefit plans, nor the termination of the NUVO Employment Agreement provided for herein (other than as necessary to preserve the NUVO Change in Control Provisions during the NUVO Protection Period) shall be deemed to constitute “Good Reason” within the meaning of [Sections 6(g)(iv) and 6(h)])] of the NUVO Employment Agreement, and the Executive hereby waives the right to assert any claim against [[Merchants Bank:Organization]], [[Merchants Bank:Organization]], or any successor to [[Merchants Bank:Organization]] or [[Merchants Bank:Organization]], under [Section 6(h)] of the NUVO Employment Agreement or otherwise, from and after the Merger Effective Time that relates to termination for Good Reason, which is inconsistent with this Section 3.

Employment. ​ agrees to employ Executive in the position of Executive Vice President of Bar Products, and Executive agrees to accept employment in this position, subject to the terms and conditions set forth in this Agreement, including the confidentiality, non-competition and non-solicitation provisions which Executive acknowledges were discussed in detail prior to and made an express condition of his promotion to Executive Vice President of Bar Products. Executive acknowledges that the Board’s approval of Executive’s promotion to Executive Vice President of Bar Products is conditioned upon Executive’s execution of this Agreement.

For purposes of this Agreement, “Good Reason” shall mean # the material breach of any of Company’s obligations under this Agreement without Executive’s written consent; # the change of Executive’s title or the assignment to Executive of any duties that materially adversely alter the nature or status of Executive’s office, title, and responsibilities, including reporting responsibilities, or action by Company that results in the material diminution of Executive’s position, duties or authorities, from those in effect immediately prior to such change in title, assignment or action, in each case, without Executive’s written consent; or # in the event that Executive and Company cannot agree on a relocation package, the relocation of Company’s principal executive offices, or Company’s requiring Executive to relocate, anywhere outside the greater Houston, Texas metropolitan area, except for required travel on Company’s business to an extent substantially consistent with Executive’s obligations under this Agreement. To constitute Good Reason, Executive is required to provide notice to Company of the existence of the conditions constituting Good Reason within a period not to exceed ninety (90) days from the initial existence of the condition and Company must be provided a period of at least 30 days during which it may remedy the condition.

Change of Chief Executive Office. The Grantors hereby understand and agree that if, at any time hereafter, any Grantor elects to move its Executive Office, or if any Grantor elects to change its name, identity, state of incorporation or organization, any tradename used to identify it in the conduct of its business or in the ownership of its properties, or its structure to other than as existing on the date hereof, the Grantors will notify the Bank in writing at least 30 days prior thereto.