FR EA

Extract to table

Pull the structured facts out of a document: parties, dates, amounts, obligations.

Extract to table / employment-agreement-ellsworth.docx
employment-agreement-ellsworth.docx · 1037-00006

Parties

Solstice Biomedical Devices Ltd
Equity Inc

Dates

October 31, 2024
August 20, 2024
June 30, 2027
October 31, 2027
October 31, 2025
December 31, 2024
December 31, 2026
April 22, 2024

Amounts

$35,000,000
$525,000
$262,500
$10,000,000
$385,000
$20,000,000
$15,000,000
$6,000,000

Obligations

2(f) of the Purchase Agreement; and NOW, THEREFORE, in consideration of the mutual covenants, promises, and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: Right-click to update Table of Contents ARTICLE 1 — DEFINITIONS As used in this Agreement, the following terms shall have the meanings set forth below
Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Purchase Agreement, unless the context otherwise requires
In such capacity, the Executive shall report directly to Dr
(b) The Executive's principal place of work shall be Meridian's headquarters located at 780 Keystone Boulevard, Suite 200, King of Prussia, Pennsylvania 19406
2 — Term (a) The initial term of the Executive's employment under this Agreement shall commence on the Effective Date and shall continue until October 31, 2027 (the "Initial Term"), unless earlier terminated in accordance with the provisions of Article 5 of this Agreement
For the avoidance of doubt, a notice of non-renewal delivered by the Company shall not constitute a termination without Cause for purposes of Section 5