During the Employment Period, the Executive agrees to serve as President and Chief Executive Officer of the Company and non-Chairman member of the Company’s Board of Directors, subject to election by shareholders. In his capacity as President and Chief Executive Officer, the Executive shall report directly to the Company’s Board of Directors, and shall perform the duties and responsibilities of a President and Chief Executive Officer and other duties and responsibilities as he may be assigned by the Board during the term of this Agreement. Executive shall devote all of his skill, knowledge, commercial efforts, and business time to the conscientious and good faith performance of his duties and responsibilities for the Company to the best of his ability, provided, Executive shall not be prohibited from serving on corporate, civic or charitable boards or committees (b) deliver lectures, fulfill speaking engagements or teach at educational institutions and (c) manage personal investments, so long as such activities do not materially interfere with the performance of the Executive’s responsibilities as an employee of the Company in accordance with this Agreement.