This excerpt taken from the PRVT 8-K filed Dec 23, 2009.
Part 1 Employment and Duties.
1.1 Employment; Duties. During the Term (as such quoted term is defined in Part 3 of this Agreement), the Company shall continue Employees employment, and Employee hereby accepts such continued employment, as the Chief Executive Officer and President of the Company, and shall report to the Chief Executive Officer of the consolidated Internet and Internet-related business conducted by Private and its subsidiaries (the Private Group) (the Internet and Internet-related business conducted by the Private Group from time to time, including the business of the Company, is referred to as the Online Media Business). Employee shall have such titles, responsibilities and duties, consistent with his position and expertise, as may from time to time be prescribed by the Company.
1.2 Full Time. Employee shall devote all of his business time, energy, and skill to the business and affairs of the Private Groups Online Media Business. Employee acknowledges and agrees that he shall observe and comply with all of the reasonable policies as prescribed from
time to time by the Company and the Private Group. Nothing in this Part 1, however, shall prohibit Employee from (i) serving as a director, trustee, officer of, or partner or investor in, any other firm, trust, corporation or partnership; provided that such activities are not inconsistent with Employees duties under this Agreement; or (ii) engaging in additional activities in connection with personal investments and community affairs that are not inconsistent with Employees duties under this Agreement.
1.3 Other Conditions. As a condition to Employees employment with the Company following Closing, Employee will be required to sign and comply with the form of Assignment of Intellectual Property Agreement attached hereto as Exhibit A. Further, this Agreement is contingent upon Employee being legally employable in Canada.