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Contract analysis / exhibit-a-position-description.docx
exhibit-a-position-description.docx
1010-00004 · 10 clauses
High · 1 Medium · 3 Standard · 1
1. Position and Title
1. Position and Title The Executive shall serve as the Company's Chief Operating Officer ("COO"), effective as of the Start Date, which shall be November 1, 2022. The COO is a senior executive position within the Company and the Executive shall serve as a member of the Company's executive leadership team for so long as the Executive remains employed in such capacity. In the event that the Company consummates an initi
2. Reporting Structure High
⚑ Non-compete / exclusivity restraint
2. Reporting Structure The Executive shall report directly and exclusively to the Chief Executive Officer of the Company, currently Priya Chandrasekaran, or her successor duly appointed to such role by the Board of Directors of the Company (the "Board"). The CEO shall serve as the Executive's sole supervisor for purposes of day-to-day management direction, assignment of duties, and performance evaluation. The Executi
3. Direct Reports Medium
⚑ Assignment / subcontracting
3. Direct Reports The following functional leaders and their respective departments shall report directly to the Executive in his capacity as Chief Operating Officer: (a) Senior Vice President, Operations — responsible for the Company's core operational functions, including facilities management, supply chain and vendor management, and operational process improvement; (b) Senior Vice President, Product Development &
4. Primary Duties and Responsibilities Standard
⚑ Commercial term
4. Primary Duties and Responsibilities The Executive shall perform the following duties and responsibilities, together with such other duties and responsibilities as may be assigned to the Executive from time to time by the CEO or the Board, consistent with the Executive's position as Chief Operating Officer: 4.1 General Operational Leadership The Executive shall oversee and direct the Company's day-to-day operations
5. Board-Level Obligations
5. Board-Level Obligations The Executive shall attend meetings of the Board of Directors and its committees as reasonably requested by the CEO or the Board Chair, Thomas R. Glenwood, in a non-voting, advisory capacity. The Executive's attendance at Board and committee meetings shall be for the purpose of providing operational insight, responding to questions from directors, and presenting reports and updates as descr
6. Interaction with Ridgeline Capital Partners, LP Medium
⚑ Confidentiality undertaking
6. Interaction with Ridgeline Capital Partners, LP The Executive acknowledges that Ridgeline Capital Partners, LP, through its Fund IV vehicle, Ridgeline Capital Partners Fund IV, LP, holds approximately sixty-eight percent (68%) of the Company's issued and outstanding equity securities, and is the Company's majority stockholder. The Executive further acknowledges that Ridgeline Capital Partners has designated repres
7. Interaction with Minority Investors Medium
⚑ Confidentiality undertaking
7. Interaction with Minority Investors The Executive shall, as reasonably requested by the CEO or the Board, participate in periodic information-sharing and reporting to Helix Ventures Fund III, LP, which holds approximately fourteen percent (14%) of the Company's issued and outstanding equity securities. Such information-sharing and reporting shall be consistent with the Company's obligations under the applicable St
8. Devotion of Time; Outside Activities
8. Devotion of Time; Outside Activities The Executive shall devote substantially all of his business time, attention, skill, and energy to the faithful performance of his duties as Chief Operating Officer hereunder. The Executive acknowledges that the position of COO is a demanding, full-time role and that the Company's expectations for the Executive's time commitment reflect the scope and complexity of the responsib
9. Authority and Limitations
9. Authority and Limitations The Executive shall have such authority as is customary for a Chief Operating Officer of a company of similar size, scope, and stage of development in the healthcare technology industry. Such authority shall include, without limitation, the authority to hire, terminate, and manage the performance of direct reports and other employees within the Executive's reporting structure, to approve
10. Modification
10. Modification This Exhibit A may be modified or amended from time to time by mutual written agreement of the Company (acting through the CEO with the authorization of the Board) and the Executive. Any such modification or amendment shall be in writing, shall be signed by both the Company and the Executive, and shall be appended to and incorporated into the Agreement. Notwithstanding the foregoing, any material dim