【正文】 N WITHOUT CAUSE. In the event the Company terminates Executive39。 or　　E. Date that written notice is deemed given or made by the Company to Executive of Executive39。s death。s first equity financing which yields proceeds to the Company in excess of $5 million (the Effective Date) and terminating on the earlier of five (5) years from the Effective Date or as set forth in Section .　　. NOTICE OF RENEWAL. At least sixty (60) days prior to the natural expiration of the initial Employment Term of this Employment Agreement and sixty (60) days prior to each oneyear anniversary thereafter, if applicable, the Company shall give Executive written notice of whether the Company will be seeking a oneyear extension of Executive39。s cost in continuing his existing medical insurance coverage under COBRA.　　. REIMBURSEMENT OF EXPENSES。編號：時間：2021年x月x日書山有路勤為徑，學(xué)海無涯苦作舟頁碼：第7頁 共7頁THIS EMPLOYMENT AGREEMENT (the Employment Agreement), dated as of this _________,_________,_________(M/D/Y), is entered into by and among AAA Corporation (the Company or Employer) and BBB (Executive). In consideration of the mutual covenants and agr　　THIS EMPLOYMENT AGREEMENT (the Employment Agreement), dated as of this _________,_________,_________(M/D/Y), is entered into by and among AAA Corporation (the Company or Employer) and BBB (Executive). In consideration of the mutual covenants and agreements hereinafter set forth, the parties agree as follows:　　1. EMPLOYMENT.　　. POSITION. During the Employment Term (as hereinafter defined) and subject to the terms and conditions set forth herein, the Company agrees to employ Executive as its Chief Executive Officer reporting to the Board of Directors of the Company.　　. DUTIES. Executive shall diligently, and to the best of his ability, perform all such duties incident to his positions and use his best efforts to promote the best interests of the Company.　　. TIME TO BE DEVOTED TO EMPLOYMENT. During the Employment Term, Executive shall devote his full time and energy to the business of the Company and shall not be engaged in any petitive business activity without the express written consent of the Company. Executive hereby represents that he is not a party to any agreement which would be an impediment to entering into this Employment Agreement and that he is permitted to enter into this Employment Agreement and perform his obligations hereunder.　　2. COMPENSATION AND BENEFITS.　　. ANNUAL SALARY. In consideration of and as pensation for the services agreed to be performed by Executive hereunder, the Company agrees to pay Executive mencing on the Effective Date a starting annual base salary of _________ dollars ($ _________), payable in accordance with the Company39。s medical plans are in place, the Company shall reimburse Executive39。s current home).　　. VACATION. During the Employment Term, Executive will be entitled to five (5) weeks of paid vacation per annum.　　3. EMPLOYMENT TERM.　　. EMPLOYMENT TERM. The Employment Term means the period mencing on the closing of the Company39。s employment pursuant to this Employment Agreement and the Employment Term provided for herein shall terminate upon the first of the following to occur (either with the Company, or the Company or its successors):　　A. Executive39。 or　　D. Date that written notice is deemed given or made by Executive of his voluntary departure or resignation as an employee of the Company。s separate right to terminate the employment relationship at any time, for any reason, with or without Cause.　　. NOTICE OF TERMINATION. Any termination of Executive39。s employment with the Company terminates for any reason, Executive agrees to immediately resign as an officer and/or director of the Company.　　5. CONFIDENTIAL INFORMATION AND COVENANT NOT TO COMPETE.　　. Executive understands that the Company and its affiliates possess Proprietary Information (as defined below) which is important to its business and that this Employment Agreement creates a relationship of confidence and trust between Executive and the Company and its affiliates with regard to Proprietary Information. Nothing in this Section 5 shall be deemed modified or terminated in the event of the termination or expiration of this Employment Agreement.