EX-10.17 22 v389460_ex10-17.htm EXHIBIT 10.17

Exhibit 10.17

 

Written Description of Consulting Arrangement with John Leonesio.

 

Effective January 1, 2014, John Leonesio resigned as chief executive officer of The Joint Corp. and became non-executive chairman of The Joint Corp.’s board of directors. The Joint Corp. agreed to pay Mr. Leonesio a consulting fee in connection with his service as non-executive chairman of the board and his ongoing provision of consulting services on an “as needed” basis. The consulting fee was established at the rate of $90,000 annually, payable in monthly installments.

 

This arrangement may be terminated by either party without notice and without penalty.