Which of the phrases given in the options should replace the word phrase that is underlined in the sentence to make it grammatically correct? If the sentence is correct as it is and no correction is required, select 'No correction required' as the answer.

The future of the company is at stake as the present CEO of the company neither is honest nor tactful.

1
either is
2
is neither
3
is either
4
is only
5
No correction required

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