Common use of Authority and Duties Clause in Contracts

Authority and Duties. The Executive shall exercise such authority, perform such executive duties and functions and discharge such responsibilities as are typically associated with the Executive's position, commensurate with the authority vested in the Executive's position, pursuant to this Agreement and consistent with the By-Laws of Enfinity. Without limiting the generality of the foregoing, the Executive shall report directly and be responsible to the Chief Executive Officer of Enfinity. During the Employment Period, the Executive shall devote his full business time, skill and efforts to the business of Enfinity. Notwithstanding the foregoing, the Executive may (i) make and manage passive personal business investments of his choice (in the case of publicly-held corporations, not to exceed one percent (1%) of the outstanding voting stock without the approval of the Board of Directors of Enfinity (the "Board") and not to exceed three percent (3%) of the outstanding voting stock with the approval of the Board, which approval shall not be unreasonably withheld or delayed) and serve in any capacity with any civic, educational or charitable organization, or any trade association, without seeking or obtaining approval by the Board, provided such activities and service do not materially interfere or conflict with the performance of his duties hereunder and (ii) with the approval of the Board, which shall not be unreasonably be withheld or delayed, serve on the boards of directors of other corporations.

Authority and Duties. The Executive shall exercise such authority, perform such executive duties and functions and discharge such responsibilities as are typically associated with the Executive's position, commensurate with the authority vested in the Executive's position, pursuant to this Agreement and consistent with the By-Laws of Enfinity. Without limiting the generality of the foregoing, the Executive shall report directly and be responsible to the Chief Executive Officer Board of EnfinityDirectors of Enfinity (the "Board"). During the Employment Period, the Executive shall devote his full business time, skill and efforts to the business of Enfinity. Notwithstanding the foregoing, the Executive may (i) make and manage passive personal business investments of his choice (in the case of publicly-held corporations, not to exceed one percent (1%) of the outstanding voting stock without the approval of the Board of Directors of Enfinity (the "Board") and not to exceed three percent (3%) of the outstanding voting stock with the approval of the Board, which approval shall not be unreasonably withheld or delayed) and serve in any capacity with any civic, educational or charitable organization, or any trade association, without seeking or obtaining approval by the Board, provided such activities and service do not materially interfere or conflict with the performance of his duties hereunder and (ii) with the approval of the Board, which shall not be unreasonably be withheld or delayed, serve on the boards of directors of other corporations. It is understood and agreed that the Executive currently serves on the boards of directors of AmSouth Bancorporation and Baptist Health Systems Foundation and need not obtain the approval of the Board in order to continue such service.

Authority and Duties. The Executive shall exercise such authority, perform such executive duties and functions and discharge such responsibilities as are typically reasonably associated with the Executive's position, commensurate with the authority vested in the Executive's position, pursuant to this Agreement and consistent with the By-Laws of Enfinitythe Company. Without limiting the generality of the foregoing, the Executive shall report directly and be responsible to the President and Chief Executive Operating Officer of Enfinity. During the Employment Period, the Executive shall devote his full business time, skill and efforts to the business of Enfinitythe Company. Notwithstanding the foregoing, the Executive may (i) make and manage passive personal business investments of his choice (in the case of publicly-held corporations, not to exceed one percent (1%) of the outstanding voting stock without the approval of the Board of Directors of Enfinity (the "Enfinity Board") and not to exceed three percent (3%) of the outstanding voting stock with the approval of the Enfinity Board, which approval shall not be unreasonably withheld or delayed) and serve in any capacity with any civic, educational or charitable organization, or any trade association, without seeking or obtaining approval by the Enfinity Board, provided such activities and service do not materially interfere or conflict with the performance of his duties hereunder and (ii) with the approval of the Enfinity Board, which shall not be unreasonably be withheld or delayedwithheld, serve on the boards of directors of other corporations.

Authority and Duties. The Executive shall exercise such authority, perform such executive duties and functions and discharge such responsibilities as are typically reasonably associated with the Executive's positionpositions, commensurate with the authority vested in the Executive's position, Executive pursuant to this Agreement and consistent with the By-Laws of Enfinity. Without limiting the generality bylaws of the foregoing, the Executive shall report directly and be responsible to the Chief Executive Officer of EnfinityCompany. During the Employment Period, the Executive shall devote his full business time, skill and efforts to the business of Enfinitythe Company. Notwithstanding the foregoing, the Executive may (i) make and manage passive personal business investments of his choice (in the case of publicly-held corporations, not to exceed one percent (1%) of the outstanding voting stock without the approval of the Board of Directors of Enfinity (the "Board") and not to exceed three percent (3%) of the outstanding voting stock with the approval of the Board, which approval shall not be unreasonably withheld or delayed) and serve in any capacity with any civic, educational or charitable organization, or any trade association, without seeking or obtaining approval by the Board, provided such activities and service do not materially interfere or conflict with the performance of his duties hereunder and (ii) with the approval of the Board, which shall not be unreasonably be withheld or delayed, serve on the boards of directors of other corporations. Bank and Bancorp shall make Executive a director of Bank, Bancorp and any subsidiaries of Bank and Bancorp contemporaneously with the execution of this Agreement. As Bank and Bancorp desire that Executive continue to serve as a director, each shall use its reasonable best efforts to cause Executive to be elected a director at any meeting of the Boards or of the shareholders held for the purpose of electing directors during the Term, and shall use their reasonable best efforts to insure that Executive remains a director of each subsidiary, including such subsidiaries as may from time to time come into existence after the date hereof. The Executive shall not be entitled to receive any additional compensation (excluding the payment or reimbursement of any expenses incurred by the Executive) for his services as a director of any of the above entities.

Authority and Duties. The Executive shall exercise such authority, perform such executive all duties and functions and discharge such responsibilities as are typically associated customarily performed by the Chief Financial Officer of a similarly situated publicly-held company, and, in addition, all duties, functions and responsibilities specified by the Chief Executive Officer of the Company to the extent such specifications are consistent with the Executive's position, commensurate with the authority vested in the Executive's position, pursuant to this Agreement and consistent with the By-Laws of Enfinityposition as Chief Financial Officer. Without limiting the generality of the foregoing, throughout the Employment Period and any extension thereof, the Executive shall report directly and be responsible to the Chief Executive Officer of Enfinitythe Company. During the Employment Period, the Executive shall devote his full business time, skill and efforts to the business of Enfinitythe Company. Notwithstanding the foregoing, the Executive may (i) make and manage passive personal business investments of his choice (in the case of publicly-publicly held corporations, corporations not to exceed one percent (1%) % of the outstanding voting stock without the approval stock; except for his current holdings of the Board of Directors of Enfinity (the "Board") and not to exceed three percent (3%) of the outstanding voting stock with the approval of the BoardTHCG, which approval shall not be unreasonably withheld or delayedInc.) and serve in any capacity with any civic, educational or charitable organization, or any trade association, or with THCG Liquidating Trust, without seeking or obtaining approval by the Board, provided such activities and service do not materially interfere or conflict with the performance of his duties hereunder hereunder, and (ii) with the approval of the Board, which approval shall not be unreasonably be withheld or delayedwithheld, serve on the boards of directors of other corporations.. The Company acknowledges and approves of the fact that Executive currently serves on the boards of directors of Xx-Xxxxxx.xxx, Inc., Global Credit Services, Inc. and Real Time Image Inc.

Authority and Duties. The Executive shall exercise such authority, perform such executive duties and functions and discharge such responsibilities as are typically reasonably associated with the Executive's positionposition as Executive Vice President, Chief Financial Officer, commensurate with the authority vested in the Executive's position, Executive pursuant to this Agreement and consistent with the By-Laws of Enfinity. Without limiting the generality bylaws of the foregoing, the Executive shall report directly Bank and be responsible to the Chief Executive Officer of EnfinityPMB. During the Employment Period, the Executive shall devote his full business time, skill and efforts to the business of Enfinity. Notwithstanding Employer and shall not during the foregoingEmployment Period engage in any other business activities, the Executive may (i) make and manage passive personal business investments duties, or pursuits whatsoever, or directly or indirectly render any services of his choice (in the case of publicly-held corporationsa business, not commercial, or professional nature to exceed one percent (1%) of the outstanding voting stock any other person or organization, whether for compensation or otherwise, without the approval prior written consent of the Board of Directors of Enfinity Employer (the "“Board"”). Notwithstanding the foregoing, Executive may (i) and not to exceed three percent (3%) of the outstanding voting stock with the approval of the Board, which approval shall not be unreasonably withheld or delayed) and serve in any capacity with any civic, educational or charitable organization, or any trade association, without seeking or obtaining approval by the Board, provided such activities and service do not materially interfere or conflict with the performance of his duties hereunder and (ii) with the approval of the Board, which shall not be unreasonably be withheld or delayed, Board serve on the boards of directors of other corporationscorporations that are not involved in commercial banking or similar business activities; provided, however, Executive shall not directly or indirectly acquire, hold, or retain any beneficial interest in any business competing with or similar in nature to the business of Employer except passive shareholder investments in other financial institutions and their respective affiliates which no not exceed three percent (3%) of the outstanding voting securities in the aggregate in any single financial institution and its affiliates on a consolidated basis.

Authority and Duties. The Executive shall exercise such authority, perform such executive duties and functions and discharge such responsibilities as are typically associated with the Executive's position, commensurate with the authority vested in the Executive's position, pursuant to this Agreement and consistent with the By-Laws of Enfinity, including responsibilities for the corporate legal and human resources affairs of Enfinity. Without limiting the generality of the foregoing, the Executive shall report directly and be responsible to the Chief Executive Officer of Enfinity. During the Employment Period, the Executive shall devote his full business time, skill and efforts to the business of Enfinity. Notwithstanding the foregoing, the Executive may (i) make and manage passive personal business investments of his choice (in the case of publicly-held corporations, not to exceed one percent (1%) of the outstanding voting stock without the approval of the Board of Directors of Enfinity (the "Board") and not to exceed three percent (3%) of the outstanding voting stock with the approval of the Board, which approval shall not be unreasonably withheld or delayed) and serve in any capacity with any civic, educational or charitable organization, or any trade association, without seeking or obtaining approval by the Board, provided such activities and service do not materially interfere or conflict with the performance of his duties hereunder and (ii) with the approval of the Board, which shall not be unreasonably be withheld or delayed, serve on the boards of directors of other corporations.

Authority and Duties. The Executive shall exercise such authority, perform such executive duties and functions and discharge such responsibilities as are typically (i) reasonably associated with the Executive's position, (ii) commensurate with the authority vested in the Executive's position, position pursuant to this Agreement and (iii) consistent with the By-Laws of Enfinitythe Company. Without limiting the generality of the foregoing, the Executive shall be responsible for the Company's Controllership, Tax, Treasury and Information Technology Functions, and shall report directly and be responsible to the Chief Executive Officer of EnfinityCompany. During the Employment Period, the Executive shall devote his full business time, skill and efforts to the business of EnfinityCompany. Notwithstanding the foregoing, the Executive may (i) make and manage passive personal business investments of his choice (in the case of publicly-held corporations, not to exceed one percent (1%) of the outstanding voting stock without the approval of the Board of Directors of Enfinity (the "Board") and not to exceed three percent (3%) of the outstanding voting stock with the approval of the Board, which approval shall not be unreasonably withheld or delayedstock) and serve in any capacity with any civic, educational or charitable organization, or any trade association, without seeking or obtaining approval by the Board of Directors of the Company (the "Board"), provided such activities and service do not materially interfere or conflict with the performance of his duties hereunder and (ii) with the approval of the Board, which shall not be unreasonably be withheld or delayedwithheld, serve on the boards of directors of other corporations.

Authority and Duties. The Executive shall exercise such authority, perform such executive duties and functions and discharge such responsibilities as are typically reasonably associated with the Executive's positionposition as Executive Vice President, Chief Credit Officer, commensurate with the authority vested in the Executive's position, Executive pursuant to this Agreement and consistent with the By-Laws of Enfinity. Without limiting the generality bylaws of the foregoing, the Executive shall report directly Bank and be responsible to the Chief Executive Officer of EnfinityPMB. During the Employment Period, the Executive shall devote his full business time, skill and efforts to the business of Enfinity. Notwithstanding Employer and shall not during the foregoingEmployment Period engage in any other business activities, the Executive may (i) make and manage passive personal business investments duties, or pursuits whatsoever, or directly or indirectly render any services of his choice (in the case of publicly-held corporationsa business, not commercial, or professional nature to exceed one percent (1%) of the outstanding voting stock any other person or organization, whether for compensation or otherwise, without the approval prior written consent of the Board of Directors of Enfinity Employer (the "“Board"”). Notwithstanding the foregoing, Executive may (i) and not to exceed three percent (3%) of the outstanding voting stock with the approval of the Board, which approval shall not be unreasonably withheld or delayed) and serve in any capacity with any civic, educational or charitable organization, or any trade association, without seeking or obtaining approval by the Board, provided such activities and service do not materially interfere or conflict with the performance of his duties hereunder and (ii) with the approval of the Board, which shall not be unreasonably be withheld or delayed, Board serve on the boards of directors of other corporationscorporations that are not involved in commercial banking or similar business activities; provided, however, Executive shall not directly or indirectly acquire, hold, or retain any beneficial interest in any business competing with or similar in nature to the business of Employer except passive shareholder investments in other financial institutions and their respective affiliates which no not exceed three percent Employee: /s/ TJI (3%) of the outstanding voting securities in the aggregate in any single financial institution and its affiliates on a consolidated basis.

Authority and Duties. The Executive shall exercise such authority, perform such executive duties and functions and discharge such responsibilities as are typically reasonably associated with the Executive's position’s position as President and Chief Executive Officer, commensurate with the authority vested in the Executive's position, Executive pursuant to this Agreement and consistent with the By-Laws of Enfinity. Without limiting the generality bylaws of the foregoing, the Executive shall report directly Bank and be responsible to the Chief Executive Officer of EnfinityPMB. During the Employment Period, the Executive shall devote his full business time, skill and efforts to the business of Enfinity. Notwithstanding Employer and shall not during the foregoingEmployment Period engage in any other business activities, the Executive may (i) make and manage passive personal business investments duties, or pursuits whatsoever, or directly or indirectly render any services of his choice (in the case of publicly-held corporationsa business, not commercial, or professional nature to exceed one percent (1%) of the outstanding voting stock any other person or organization, whether for compensation or otherwise, without the approval prior written consent of the Board of Directors of Enfinity Employer (the "“Board"”). Notwithstanding the foregoing, Executive may (i) and not to exceed three percent (3%) of the outstanding voting stock with the approval of the Board, which approval shall not be unreasonably withheld or delayed) and serve in any capacity with any civic, educational or charitable organization, or any trade association, without seeking or obtaining approval by the Board, provided such activities and service do not materially interfere or conflict with the performance of his duties hereunder and (ii) with the approval of the Board, which shall not be unreasonably be withheld or delayed, Board serve on the boards of directors of other corporationscorporations that are not involved in commercial banking or similar business activities; provided, however, Executive shall not directly or indirectly acquire, hold, or retain any beneficial interest in any business competing with or similar in nature to the business of Employer except passive shareholder investments in other financial institutions and their respective affiliates which no not exceed three percent (3%) of the outstanding voting securities in the aggregate in any single financial institution and its affiliates on a consolidated basis.