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+IBwAPA-u+AD4-Effective Date+ADw-/u+AD4gHQ-) and will continue for a period of three years from the Effective Date, unless earlier terminated in accordance with Section+ACY-nbsp+ADs-4 (as applicable, the +IBwAPA-u+AD4-Term+ADw-/u+AD4gHQ-).+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-(b)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-u+AD4APA-span style+AD0-'color:black'+AD4-Position, Duties and Reporting+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'color:black'+AD4-. +ACY-nbsp+ADs-Executive will serve as Chief Executive Officer of the Company. +ACY-nbsp+ADs-In his capacity as Chief Executive Officer of the Company, Executive will devote substantially his full business time, energy, and ability to the businesses of the Company and ComCor-TV. +ACY-nbsp+ADs-In his capacity as Chief Executive Officer of the Company, Executive will have the duties, responsibilities and authority established by the Company+IBk-s board of directors (the +IBwAPA-u+AD4-Board+ADw-/u+AD4gHQ-) and will perform his duties and responsibilities at ComCor-TV+IBk-s offices in Moscow, Russia.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:12.0pt+ADs-margin-left: 0in+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center 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Benefits+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'color:black'+AD4-.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-(i)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-u+AD4APA-span style+AD0-'color:black'+AD4-Benefit Plans+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'color:black'+AD4-. +ACY-nbsp+ADs-During the Term, the Company will provide Executive with the benefits of such insurance plans (including life, medical, dental, disability, travel and directors and officers insurance) as are at least comparable to those customarily provided to the chief executive officer of other public companies of a comparable size doing business in Russia. +ACY-nbsp+ADs-The Company may provide such benefits directly by having Executive participate in the Company+IBk-s benefits plan, or the Company may provide any portion of such benefits by reimbursing Executive for premiums he pays to acquire such benefits under private plans agreed upon between Executive and the Company. +ACY-nbsp+ADs-In addition, the Company agrees to provide medical insurance, including dental insurance, comparable to that of Executive, to the members of his immediate family (wife and children) or, at the option of the Executive, reimburse Executive for all expenses related to the acquisition of such insurance plans.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-(ii)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-u+AD4APA-span style+AD0-'color:black'+AD4-Sick Leave and Vacation+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'color:black'+AD4-. +ACY-nbsp+ADs-During the Term, Executive will be entitled to sick leave and annual paid vacation in accordance with the Company+IBk-s established policies applicable to other senior executives of the Company+ADs- provided that the annual paid vacation of the Executive shall be equal to at least 30 calendar days per year. +ACY-nbsp+ADs-In addition, the Company will provide reasonable paid emergency leave to Executive in the case of serious injury to Executive or any member of his immediate family or death of any member of his immediate family.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-(iii)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-u+AD4APA-span style+AD0-'color:black'+AD4-Automobile+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'color:black'+AD4-. +ACY-nbsp+ADs-During the Term, the Company (A)+ACY-nbsp+ADs-will provide Executive, on a 24 hour basis, with +ACY-nbsp+ADs-a chauffeur driven automobile Audi A8 Quattro, and (B)+ACY-nbsp+ADs-will promptly pay or (at Executive+IBk-s option) reimburse Executive for all expenses related to such automobile, including fuel, insurance and maintenance.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4-+ADw-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-(c)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-u+AD4APA-span style+AD0-'color:black'+AD4-Business Expenses+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'color:black'+AD4-. +ACY-nbsp+ADs-The Company will promptly pay or (at Executive+IBk-s option) reimburse Executive for all reasonable business expenses incurred by Executive in carrying out Executive+IBk-s duties under this Agreement.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:.5in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-3.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-u+AD4APA-span style+AD0-'color:black'+AD4-Termination+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'color:black'+AD4-. +ACY-nbsp+ADs-Executive+IBk-s employment hereunder will terminate on the following terms and conditions:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-(a)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-u+AD4APA-span style+AD0-'color:black'+AD4-Death+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'color:black'+AD4-. +ACY-nbsp+ADs-If Executive dies during the Term:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-(i)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-within 15 days after the date of death, Executive+IBk-s +ACY-nbsp+ADs-annual salary will be paid through and including the date of death, and+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin-top:0in+ADs-margin-right:0in+ADs-margin-bottom:12.0pt+ADs-margin-left: 0in+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p align+AD0-center style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-align:center+ADs- line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4-2+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:7.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:6.0in+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:7.5pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-div class+AD0-MsoNormal align+AD0-center style+AD0-'text-align:center+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'font-size:10.0pt+ADs-color:black'+AD4- +ADw-hr size+AD0-1 width+AD0AIg-100+ACUAIg- noshade color+AD0-gray align+AD0-center+AD4- +ADw-/span+AD4APA-/div+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:67.5pt+ADs-line-height:14.0pt+ADs- page-break-before:always'+AD4APA-span style+AD0-'color:black'+AD4-(ii)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-within 15 days after the date of death, Executive's estate will be paid an amount equal to six months of Executive's annual salary.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-(b)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-u+AD4APA-span style+AD0-'color:black'+AD4-Disability+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'color:black'+AD4-. +ACY-nbsp+ADs-If Executive becomes disabled during the Term:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-(i)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-the Company may terminate Executive+IBk-s employment 30 days after receipt by Executive or his duly appointed legal representative of a notice of termination,+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-(ii)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-Executive+IBk-s base annual salary will be paid through such date of termination, and+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-(iii)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-on such date of termination Executive or his duly appointed legal representative will be paid an amount equal to six months of Executive+IBk-s annual salary.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-For purposes of this Section+ACY-nbsp+ADs-4(b), Executive will be considered +IBw-disabled+IB0- if he is unable, due to illness, accident, injury, physical or mental incapacity or other disability, to carry out effectively his duties and obligations to the Company or to participate effectively and actively in the management of the Company for a period of at least 180 consecutive days, as determined in the reasonable judgment of the Board.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-(c)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-u+AD4APA-span style+AD0-'color:black'+AD4-Termination For Cause+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'color:black'+AD4-. +ACY-nbsp+ADs-The Company may immediately terminate Executive+IBk-s employment for +IBw-Cause+IB0- by delivering written notice thereof to Executive, and in such event Executive+IBk-s annual salary will be paid through such date of termination, and thereafter Executive+IBk-s rights under this Agreement will cease and no further payments hereunder will be made, except for Executive+IBk-s rights under Section+ACY-nbsp+ADs-2(c) with respect to unreimbursed fees and expenses incurred by Executive prior to such date of termination, which the Company will reimburse Executive for within 15 days after such date of termination. +ACY-nbsp+ADs-For purposes of this Agreement, any one or more of the following events will constitute +IBwAPA-u+AD4-Cause+ADw-/u+AD4gHQ-:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-(i)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-Executive+IBk-s conviction of (or pleading+ADw-i+AD4- nolo contendere +ADw-/i+AD4-or equivalent) to a felony or serious misdemeanor or the equivalent under the laws of another jurisdiction+ADsAPA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-(ii)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-Executive+IBk-s willful misconduct, gross negligence, or perpetration of or participation in a fraud or the equivalent under the laws of another jurisdiction, where such acts are materially injurious to the Company or any of its subsidiaries+ADs- or+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-(iii)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-Executive+IBk-s willful failure to follow express instructions from the Board.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0pt'+AD4APA-span style+AD0-'color:black'+AD4APA-o:p+AD4AJg-nbsp+ADsAPA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.0in+ADs-line-height:14.0pt'+AD4APA-span style+AD0-'color:black'+AD4-(d)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-text-indent:1.5in+ADs-line-height:14.0pt'+AD4APA-u+AD4APA-span style+AD0-'color:black'+AD4-Termination Without Cause+ADw-/span+AD4APA-/u+AD4APA-span style+AD0-'color: black'+AD4-. +ACY-nbsp+ADs-The Company may immediately terminate Executive+IBk-s employment without Cause by delivering written notice thereof to Executive.+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p style+AD0-'margin:0in+ADs-margin-bottom:.0001pt+ADs-line-height:12.0