Title and Reporting Relationship Sample Clauses
The "title and reporting relationship" clause defines the employee's official job title and specifies to whom they will report within the organization. Typically, this clause outlines the position the employee will hold, such as "Marketing Manager," and identifies the supervisor or department head responsible for overseeing their work. By clearly establishing both the role and the reporting structure, this clause helps prevent confusion regarding job responsibilities and lines of authority, ensuring organizational clarity and accountability.
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Title and Reporting Relationship. Depending on the circumstances of the new hire or promotion giving rise to the creation of an employment agreement, the title of the employee’s position may not be clear or may be negotiable. Sometimes a title that is perceived by the em- ployee as more impressive can be helpful in the negotiation process. On the other hand, it is important that the title of the position accurately reflect the job description. The employment agreement should specify to whom the employee is to report. In advising your business client, it is critical that an accurate and comprehensive job description be in place before the employment agreement is drafted. As the scope of duties and responsibilities of the job are considered, so too should the organizational chart be reviewed and revised as appropriate. The job description and organizational structure will support decision making with respect to title and reporting relationship.
Title and Reporting Relationship. You have been offered and accepted the position of Executive Vice President, Merchandising and Marketing with the Company. In this position, you will report directly to the Chief Executive Officer of the Company. This position collaborates with Retail and Supply Chain Services executive leaders to provide overall direction for the following key functional areas: • Merchandising, which includes functions such as: Category Management, Supplier Relationships and Strategy, Price and Promotion Strategy, Own Brand/Private Label, Syndicated Data. • Marketing, which includes functions such as: Electronic and Print Media, Banner Strategy, Customer Card Data Analysis, Customer Segmentation and Cluster Methodology, Ad Agency Relationships, Ad Planning Strategy, e-commerce, Ethnic and Causal Marketing. Your principal responsibilities with regard to Merchandising will be: (i) overseeing all aspects of the Company’s relationships with the supplier community; (ii) planning and negotiating product assortment; (iii) pricing and promotion of all products for resale (except pharmacy), (iv) category flow, (v) plan-o-grams; (vi) setting the Company’s Merchandising Strategy for all retail banners and (vii) accountability for the Senior Merchants in each market. Your principal Marketing responsibilities will include: (i) creating the overall market strategy for the banners; (ii) customer data analysis, (iii) segmentation, store format and cluster strategy and development, (iv) developing the strategy for, and executing, all print, electronic media, e-commerce and website management, (v) serving as the liaison between the corporate and regional merchandising teams; and (vi) control of all direct and indirect marketing campaigns.
Title and Reporting Relationship. During the Employment Term, the Employee shall serve as President and Chief Executive Officer (“CEO”) of the Company, and shall report to the Company’s Board of Directors. While the Employee remains an employee and CEO of the Company, the Company will recommend to the Board of Directors that the Employee continue as a member of the Company’s Board of Directors. In the event that the Employee’s employment is terminated for Cause (as defined below), the Employee agrees to and shall be deemed to have resigned from the Company’s Board of Directors and any other positions held at the Company or its subsidiaries.
Title and Reporting Relationship. You have been offered and accepted the position of Senior Vice President, Retail West Region and President of Southern California Division with the Company. This position provides overall management and direction for the following key functional areas: • Albertson’s branded food and drug stores located in California, Washington, Oregon, Idaho, Montana, Utah and Nevada (the “Western Albertson’s Stores”) Your principal responsibilities with regard to the Western Albertson’s Stores will be full responsibility for the day-to-day operations of such Western Albertson’s Stores, including sales, compliance, capital expenditures and employees. You will interface with other corporate functions and divisions regarding the operations of such Western Albertson’s Stores. In connection with these Western Albertson’s Stores, you will have the opportunity to participate in the development of strategic and tactical marketing, merchandising and sales programs.
Title and Reporting Relationship. As Chief Operating Officer, you will report to the Chairman and Chief Executive Officer of MarketWise. • Base Salary. Your annualized base salary will be $350,000 as of the Effective Date. It is subject to any applicable deductions and withholdings, payable in accordance with the Company’s normal payroll practices, and subject to review and adjustment from time to time. As a full-time, salaried, exempt employee you will be expected to work the Company’s normal business hours and additional hours as required by your job duties, and you will not be eligible for overtime pay. • Annual Incentive Bonus. Beginning in 2024, each performance year, you will be eligible to receive an annual discretionary incentive bonus (the “Annual Incentive Bonus”) composed of cash and/or equity awards for the services you render under this Letter Agreement. The cash payment and/or equity award amount of the Annual Incentive Bonus, if any, will be determined by the Company’s Board of Directors (the “Board”) or its designated Committee in its sole discretion, based on your individual performance and the Company’s performance. Your Annual Incentive Bonus may ultimately be based on certain incentive target amounts and criteria to be established by the Board or its designated Committee for the applicable performance year. Cash payments are subject to applicable deductions and withholdings. Equity awards will be granted under the Company’s 2021 Incentive Award Plan.
Title and Reporting Relationship. You have been offered and accepted the position of Executive Vice President, Retail-Midwest with the Company. In this position, you will report directly to the Chief Executive Officer of the Company. This position provides overall management and direction for the following key functional areas: • The Pharmacy business; and • The Jewel-Osco, Cub Foods, Shop ‘n Save, and Hornbacher’s banners (the “Included Banners”). Your principal responsibilities with regard to the Included Banners will be full responsibility for the day-to-day operations of such Included Banners, including sales, compliance, capital expenditures and employees. You will interface with other corporate functions and divisions regarding the operations of such Included Banners. In connection with these Included Banners, you will have the opportunity to participate in the development of strategic and tactical marketing, merchandising and sales programs. Your principal responsibilities with regard to the Pharmacy business will be to collaborate with the senior executives and presidents of each Included Banner to execute a national pharmacy effort across all SUPERVALU banners and in all pharmacies licensed to SUPERVALU, with full responsibility for the day-to day operations of all such Pharmacy operations, including managed care contracting and execution, technology, compliance product procurement.
Title and Reporting Relationship. As Chief Financial Officer, you will report to the Chief Executive Officer. • Base Salary. Your annualized base salary as of the Effective Date will be $500,000. Your pay is subject to any applicable deductions and withholdings, payable in accordance with the Company’s normal payroll practices, and subject to review and adjustment from time to time. As a full-time, salaried, exempt employee you will be expected to work the Company’s normal business hours and additional hours as required by your job duties, and you will not be eligible for overtime pay. • Initial Equity Grant. Within 30 days of hire, you will be eligible to receive an initial equity grant of 500,000 MarketWise RSUs, 50% of which will vest upon your family’s relocation to the Baltimore area, provided that such relocation occurs on or before December 31, 2023. For the avoidance of doubt, if your family’s relocation to the Baltimore area does not occur on or before December 31, 2023, you will forfeit the unvested 50% of your initial equity grant. The remainder of the units will vest in equal installments on March 15, 2025, and March 15, 2026, subject to your continued employment through the applicable vesting dates. Vested equity grants are subject to applicable tax withholding at the time of vesting. • You are eligible for an additional grant of 100,000 MarketWise RSUs when MarketWise’s Class A Common Stock closes at or above $6.00 for 20 (twenty) consecutive trading days, as reported by NASDAQ, within 4 years of hire (the “share price milestone”). The additional grant will be granted on the March 15 following the year in which the share price milestone is achieved and will vest in 4 equal installments over a 4-year period beginning on such March 15, subject to your continued employment through the applicable vesting dates. Vested equity grants are subject to applicable tax withholdings at the time of vesting.
Title and Reporting Relationship. The Employee shall serve as Executive Vice President of Customer Operations and Chief Customer Officer (“CCO”) of the Company, and shall report to the Company’s President and CEO. The Employee shall chair the Operating Committee and also have global business process ownership for consulting resources. This position has a Section 16(b) officer designation. In the event that the Employee’s employment is terminated for Cause (as defined below), the Employee agrees to and shall be deemed to have resigned from the Company or its subsidiaries.
Title and Reporting Relationship. The Employee shall serve as Executive Vice President of Finance and Accounting and Chief Financial Officer (“CFO”) of the Company, and shall report to the Company’s President and CEO. This position has a Section 16(b)
Title and Reporting Relationship. All references in the Employment Agreement to the Executive’s official capacity as President and Chief Operating Officer are hereby amended to refer to the Executive’s capacity as President and Chief Executive Officer, and all references to the Company’s Chief Executive Officer with respect to the Executive’s reporting relationship shall be amended to refer to the Company’s Board of Directors.