EX-10.1
from 8-K
21 pages
1. Duties/Location. Commencing on the Start Date, You Will Have the Duties, Responsibilities, and Authority Customarily Held by the Chief Executive Officer of a Publicly Traded Corporation. You Shall Devote Your Full Working Time to Your Duties Hereunder; Provided That You May (I) Serve on Civic or Charitable Boards or Engage in Charitable Activities Without Remuneration Therefor, (II) Serve on “For Profit” Boards, With the Prior Consent of the Board of Directors of the Company (The “Board”) and (III) Manage Your Personal Investments (So Long as Such Investment Activities Are of a Passive Nature), Provided That Such Activities in Subsections (I), (II) and (III) Do Not, Individually or in the Aggregate, (A) Conflict Materially With the Performance of Your Duties Under This Letter Agreement, (B) Conflict With the Your Fiduciary Duties to the Company, or (C) Result in a Breach of the Restrictive Covenants to Which You Are Bound. Your Principal Place of Employment Will Be in the Minneapolis, Minnesota Metropolitan Area and You Shall Relocate to Such Area No Later Than the First Anniversary of the Start Date. You Understand and Agree That You May Be Required to Travel From Time to Time as Necessary to Perform Your Duties for the Company
12/34/56