Extract to table
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Extract to table / employment-agreement-subramanian.docx
employment-agreement-subramanian.docx
Parties
Solstice Biomedical Devices Ltd
General Corp
Dates
October 31, 2024
August 20, 2024
October 31, 2027
November 1, 2024
December 31, 2024
April 30, 2025
October 31, 2025
December 31, 2026
June 30, 2027
Amounts
$35,000,000
$410,000
$205,000
$3,500,000
$20,000,000
$15,000,000
$6,000,000
Obligations
Executive's employment with the Company shall commence on the Effective Date
The Initial Term, together with any Renewal Terms during which Executive remains employed by the Company, shall be referred to herein collectively as the "Employment Term
1 — Title and Position Executive shall serve as Senior Vice President, ArthroNav Development of the Company (and, following the closing of the transactions contemplated by the Stock Purchase Agreement, in a corresponding capacity at Meridian, which shall continue to operate as a wholly owned subsidiary of the Company)
1 shall not be materially diminished during the Employment Term without Executive's prior written consent, except as otherwise expressly provided herein
2 — Reporting Executive shall report directly to the Division President, Orthopedic Instruments of the Company (as of the Effective Date, Dr
In addition, Executive shall coordinate with Dr