SUBSCRIPTION LETTERS

SUBSCRIPTION LETTERS. Means the subscription letters relating to the Placing.

SUBSCRIPTION LETTERS. Means the subscription letters relating to the Placing 2. Employment Term and Duties. 2.1 Employment. The Employer shall employ the Executive, effective as of the Effective Date, and the Executive shall accept employment by the Employer, effective as of the Effective Date, upon the terms and conditions set forth in this Agreement. The Executive shall report to the Board of Directors, or a committee thereof. 2.2 Term. Subject to earlier termination pursuant to the provisions of Section 6,... the term of the Executive's employment under this Agreement shall commence on the Effective Date and continue for one (1) year (the "Initial Term") and shall automatically renew thereafter for successive one-year periods (each a "Renewal Term" and, together with the Initial Term, collectively referred to as the "Term"), unless either party provides the other party with sixty (60) days advance written notice prior to the expiration of the Initial Term or a Renewal Term, as the case may be, that either the Employer or the Executive desires to terminate this Agreement and Executive's employment hereunder at the conclusion of such Initial Term or a Renewal Term. 2.3 Title. The Executive will serve as President and Chief Executive Officer of the Company. View More