During the Employment Term, the Executive shall serve as the President and Chief Executive Officer of the Company and as member of the Board of Directors, reporting directly to the Board of Directors of the Company (the “ Board ”). For purposes of this Agreement, it is expressly recognized that the Board may delegate its authority in a particular matter to one or more committees of the Board, including but not limited to the Compensation Committee of the Board (the “ Compensation Committee ”), as provided by the governing documents of the Company. In such position, the Executive shall have such duties, authority and responsibility as are consistent with the Executive’s position, including, without limitation supervising operations and management of the Company and its subsidiaries.