Common use of Duties and Extent of Services Clause in Contracts

Duties and Extent of Services. During the Term, the Executive shall serve as Senior Vice President-Administration and Finance, Chief Financial Officer and Secretary of the Corporation faithfully and to the best of his ability, and shall devote substantially all of his business time, energy and skill to such employment, it being understood and agreed that the Executive may serve on the boards of directors or equivalent governing bodies of other business corporations or other business organizations; provided, however, that (i) such other corporations or other organizations are not in direct competition with the Corporation and/or its subsidiaries and (ii) such service does not materially interfere with the performance by the Executive of his duties hereunder. The Executive shall be invested with the duties and authority that are customarily delegated to a Senior Vice President-Administration and Finance, Chief Financial Officer and Secretary of a corporation, and shall report to and be subject to the direction of the Board of Directors of the Corporation. The Executive shall also perform such specific duties and services of a senior executive nature as the Board of Directors of the Corporation shall request, including, without limitation, serving as a senior officer and/or director of any of the Corporation's subsidiaries.

Appears in 1 contract

Samples: Employment Agreement (Fay Leslie Companies Inc)

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Duties and Extent of Services. (a) Chairman of the Board. During the Term, the Executive shall serve as Senior Vice President-Administration and Finance, Chief Financial Officer and Secretary Chairman of the Board of the Corporation faithfully and to the best of his ability, and shall devote substantially all of his business time, energy and skill to such employment, it being understood and agreed that the Executive may serve on the boards of directors or equivalent governing bodies of other business corporations or other business organizations; provided, however, that (i) such other corporations or other organizations are not in direct competition with the Corporation and/or its subsidiaries and (ii) such service does not materially interfere with the performance by the Executive of his duties hereunder. The Executive shall be invested with the duties and authority that are customarily delegated to a Senior Vice President-Administration and Finance, Chief Financial Officer and Secretary Chairman of the Board of a corporation, public corporation and shall devote substantial time to obtaining suitable acquisitions for the Corporation and maintaining its relationship with key customers. The Executive shall report to and be subject to the direction of the Board of Directors of the Corporation. The Executive shall also perform such specific duties and services of a senior executive nature as the Board of Directors of the Corporation shall request, including, without limitation, serving as a senior officer and/or director of any of the Corporation's subsidiaries.

Appears in 1 contract

Samples: Employment Agreement (Fay Leslie Co Inc)

Duties and Extent of Services. During the Term, the Executive shall serve as Senior Vice President-Administration Manufacturing and Finance, Chief Financial Officer and Secretary Sourcing of the Corporation faithfully and to the best of his ability, and shall devote substantially all of his business time, energy and skill to such employment, it being understood and agreed that the Executive may serve on the boards of directors or equivalent governing bodies of other business corporations or other business organizations; provided, however, that (i) such other corporations or other organizations are not in direct competition with the Corporation and/or its subsidiaries and (ii) such service does not materially interfere with the performance by the Executive of his duties hereunder. The Executive shall be invested with the duties and authority that are customarily delegated to a Senior Vice President-Administration Manufacturing and Finance, Chief Financial Officer and Secretary Sourcing of a corporation, and shall report to and be subject to the direction of the Board of Directors of the Corporation. The Executive shall also perform such specific duties and services of a senior executive nature as the Board of Directors of the Corporation shall request, including, without limitation, serving as a senior officer and/or director of any of the Corporation's subsidiaries.

Appears in 1 contract

Samples: Employment Agreement (Fay Leslie Companies Inc)

Duties and Extent of Services. During the Term, the Executive shall serve as Senior Vice President---Administration and Finance, Chief Financial Officer and Secretary Treasurer of the Corporation faithfully and to the best of his ability, and shall devote substantially all of his business time, energy and skill to such employment, it being understood and agreed that the Executive may serve on the boards of directors or equivalent governing bodies of other business corporations or other business organizations; provided, however, that (i) such other corporations or other organizations are not in direct competition with the Corporation and/or its subsidiaries and (ii) such service does not materially interfere with the performance by the Executive of his duties hereunder. The Executive shall be invested with the duties and authority that are customarily delegated to a Senior Vice President-Administration senior vice president--administration and Financefinance, Chief Financial Officer chief financial officer and Secretary treasurer of a corporation, and shall report to and be subject to the direction of the Board of Directors of the Corporation. The Executive shall also perform such specific duties and services of a senior executive nature as the Board of Directors of the Corporation shall request, including, without limitation, serving as a senior officer and/or director of any of the Corporation's subsidiaries.

Appears in 1 contract

Samples: Employment Agreement (Fay Leslie Co Inc)

Duties and Extent of Services. During the Term, the Executive shall serve as Senior Vice President-Administration and Finance, Chief Financial Officer and Secretary President of the Corporation faithfully and to the best of his ability, and shall devote substantially all of his business time, energy and skill to such employment, it being understood and agreed that the Executive may serve on the boards of directors or equivalent governing bodies of other business corporations or other business organizations; provided, however, that (i) such other corporations or other organizations are not in direct competition with the Corporation and/or its subsidiaries and (ii) such service does not materially interfere with the performance by the Executive of his duties hereunder. The Executive shall be invested with the duties and authority that are customarily delegated to a Senior Vice President-Administration and Finance, Chief Financial Officer and Secretary President of a corporation, and shall report to and be subject to the direction of the Board of Directors of the Corporation. The Executive shall also perform such specific duties and services of a senior executive nature as the Board of Directors of the Corporation shall request, including, without limitation, serving as a senior officer and/or director of any of the Corporation's subsidiaries.

Appears in 1 contract

Samples: Employment Agreement (Fay Leslie Companies Inc)

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Duties and Extent of Services. During the Term, the Executive shall serve as Senior Vice President-Administration --Manufacturing and Finance, Chief Financial Officer and Secretary Sourcing of the Corporation faithfully and to the best of his ability, and shall devote substantially all of his business time, energy and skill to such employment, it being understood and agreed that the Executive may serve on the boards of directors or equivalent governing bodies of other business corporations or other business organizations; provided, however, that (i) such other corporations or other organizations are not in direct competition with the Corporation and/or its subsidiaries and (ii) such service does not materially interfere with the performance by the Executive of his duties hereunder. The Executive shall be invested with the duties and authority that are customarily delegated to a Senior Vice President-Administration senior vice president--manufacturing and Finance, Chief Financial Officer and Secretary sourcing of a corporation, and shall report to and be subject to the direction of the Board of Directors of the Corporation. The Executive shall also perform such specific duties and services of a senior executive nature as the Board of Directors of the Corporation shall request, including, without limitation, serving as a senior officer and/or director of any of the Corporation's subsidiaries.

Appears in 1 contract

Samples: Employment Agreement (Fay Leslie Co Inc)

Duties and Extent of Services. During the Term, the Executive shall serve as Senior Vice President-Administration President of the Corporation and Finance, Chief Financial Officer and Secretary President of the Sportswear Division of the Corporation faithfully and to the best of his her ability, and shall devote substantially all of his her business time, energy and skill to such employment, it being understood and agreed that the Executive may serve on the boards of directors or equivalent governing bodies of other business corporations or other business organizations; provided, however, that (i) such other corporations or other organizations are not in direct competition with the Corporation and/or its subsidiaries and (ii) such service does not materially interfere with the performance by the Executive of his her duties hereunder. The Executive shall be invested with the duties and authority that are customarily delegated to a Senior Vice President-Administration President of a corporation and Finance, Chief Financial Officer and Secretary the President of a division of a corporation, and shall report to and be subject to the direction of the Board of Directors of the Corporation. The Executive shall also perform such specific duties and services of a senior executive nature as the Board of Directors of the Corporation shall request, including, without limitation, serving as a senior officer and/or director of any of the Corporation's subsidiaries.

Appears in 1 contract

Samples: Employment Agreement (Fay Leslie Companies Inc)

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