Executive may serve on the board of directors of additional companies that are not competitive with the business of the Company to the extent that such service or participation does not
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The board of directors of one other company that is not competitive with the business of the Company (∼orporate Boards), in each case only to the extent that such service or participation does not interfere with ExecutivesĮmployment with the Company or duties under this Agreement. Reasonable efforts and business time, attention, and energies to the performance of his duties under this Agreement and to the Company provided that Executive may serve on the board of directors of purely philanthropic or civic organizations or on Executive hereby agrees to devote all of his Including travel overseas, in furtherance of the duties of the position.Ĥ.
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Executive hereby agrees and understands that the primary place of work is the Company office in San Jose, CA, and that Executive may also be required to travel, The right from time to time to change the nature and scope of Executives duties. The Executive shall perform such duties as are normally associated with the position and such duties as are assigned to Executive from time to time. Individual designated by iCADs Board of Directors to supervise Executive.
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During the Employment Period, the Executive shall be employed by and serve as Executive Chairman and Chief Executive Officer of the Company on a full-time basis reporting directly to iCADs Board of Directors or any other Which this Agreement terminates pursuant to Section 7 shall be referred to herein as the Termination Date.ĭuties. The period during which Executive is employed under this Agreement shall be referred to herein as the ∾mployment Period. The date on Executives employment hereunder shall be effective on theĮffective Date and shall continue until terminated by either party in accordance with Section 7. Have no further rights or obligations hereunder.Ģ. Executive further acknowledges that theĬompany may perform a background check on Executive, and Executive agrees that if the results of said background check are unsatisfactory to the Company, the Company may terminate this Agreement immediately upon written notice, and Executive shall Executive represents and warrants that Executive has such authorization and will provide the Company with evidence thereof on or before the Effective Date of this Agreement. companies to have evidence of identity andĪuthorization to work in the U.S. The Immigration Reform and Control Act requires all employees of U.S.
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In consideration of the promises and the mutualĬovenants herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto mutually agree as follows:ġ. Includes any parent, subsidiary and affiliate, and is collectively referred to as the ∼ompany), and Michael Klein (hereinafter referred to as ∾xecutive or you). THIS EMPLOYMENT AGREEMENT (the ∺greement), is made and entered into as of the 13 th day of January 2020 (the ∾ffective Date), between iCAD, Inc., a corporation with a principal place of business at 98 Split Brook Road- Suite 100, Nashua, NH.