EX-10.1
from 8-K
7 pages
1. Position and Duties. Your Position With the Company Will Be Chief Executive Officer and You Will Report to the Board. You Will Also Remain as a Member of the Board and Serve Concurrently With Your Appointment as Chief Executive Officer. You Will Be Responsible for Providing Services That Are Consistent With Your Position Within the Company and as Will Be Reasonably Assigned to You by the Board. You Will Perform Your Duties Faithfully and to the Best of Your Ability and Will Devote Substantially All of Your Business Efforts and Time to the Company. Moreover, You Agree That, During the Term of Your Employment With the Company, You Will Not Engage in Any Other Employment, Occupation, Consulting or Other Business Activity, or Otherwise Accept Any Direct or Indirect Remuneration, Without Prior Consent From the Board or Its Designee. You Will Work in a Hybrid Work Arrangement, as the Board Determines, and Will Travel as Business Needs May Require. Your Primary Place of Business Will Be in Nashville, Tn. 2. Commencement Date. Your Employment With the Company Will Commence on or Before August 7, 2023 or as Otherwise Agreed Upon by You and the Company (The “Commencement Date”). 3. Compensation and Benefits
12/34/56
EX-10.1
from 8-K
2 pages
May 12, 2023 Stuart Drummond (Address on File With the Company) Dear Stuart, We Are Pleased That You Accepted the Interim CFO, Effective May 5, 2023. We Are Confident in Your Capabilities and Experiences to Lead the Finance Organization During This Transition Time. to Recognize This Increase in Responsibilities, We Are Making the Following Changes: Compensation and Benefits A. Salary. Your Annual Salary Will Increase to Three Hundred Thousand Dollars ($300,000), a $20,000 Increase From Your Current Wages. A. Company Bonus Plan: You Will Continue to Be Eligible for a Discretionary Annual Target Bonus of Up to Forty Percent (40%) of Your Base Salary (The “Company Bonus Plan”), in Accordance With the Company’s Discretional Management Bonus Plan
12/34/56
