Common use of Capacity and Duties Clause in Contracts

Capacity and Duties. Employee shall be employed in the capacity of Chief Financial Officer, Secretary and Treasurer of the Company and shall have such other duties, responsibilities and authorities as are assigned to him by the Board of Directors of the Company (the “Board”) so long as such additional duties, responsibilities and authorities are consistent with Employee's position and level of authority as Chief Financial Officer, Secretary and Treasurer of the Company. Employee shall report directly to the President/CEO, and the Board of the Company. Subject to the control and general directions of the Board and except as otherwise herein provided, Employee shall devote all necessary business time, best efforts and attention to promote and advance the business of the Company and its subsidiaries and affiliates and to perform diligently and faithfully all the duties, responsibilities and obligations of Employee to be performed by him under this Employment Agreement. Employee's duties shall include the ongoing management and oversight of the general and financial business affairs and operations of the Company and its subsidiaries and affiliates. It is expressly understood that Employee also is and/or may become engaged in other limited business activities not involving the Company. Any such independent activity shall be disclosed to the Audit Committee of the Company’s Board in advance, and any such other business activities shall not unreasonably interfere with Employee's performance of his obligations under this Employment Agreement.

Appears in 3 contracts

Samples: Employment Agreement (N-Viro International Corp), Employment Agreement (N-Viro International Corp), Employment Agreement (N-Viro International Corp)

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Capacity and Duties. Employee shall be employed in the ------------------- capacity of Chief Financial Officer, Secretary and Treasurer Officer ("CFO") of the Company and shall have such other duties, responsibilities and authorities as are assigned to him by the Board of Directors of the Company (the "Board") and the President/CEO so long as such additional duties, responsibilities and authorities are consistent with Employee's position and level of authority as Chief Financial Officer, Secretary and Treasurer of the CompanyCFO. Employee shall report directly to the President/CEO, CEO and the Board of the Company. Subject to the control and general directions of the President/CEO and the Board and except as otherwise herein provided, Employee shall devote all necessary business time, best efforts and attention to promote and advance the business of the Company and its subsidiaries and affiliates and to perform diligently and faithfully all the duties, responsibilities and obligations of Employee to be performed by him under this Employment Agreement. Employee's duties shall include the ongoing management of all financial aspects and oversight of the general and financial business affairs and operations of the Company and its subsidiaries and affiliatesaffiliates and shall include, but not be limited to, oversight on all Company accounting practices and the accounting department, preparing budgets, financial reports, tax and audit functions and other related matters customarily performed by a chief financial officer. It is expressly understood that Employee also is and/or may become engaged in other limited business activities not involving the Company. Any such independent activity shall be disclosed to the Audit Committee of the Company’s 's Board in advance, and any such other business activities shall not unreasonably interfere with Employee's performance of his obligations under this Employment Agreement.

Appears in 1 contract

Samples: Employment Agreement (N-Viro International Corp)

Capacity and Duties. (a) Employee is and shall be employed in the capacity of President and Chief Financial Officer, Secretary and Treasurer Executive Officer of the Company and shall have the duties, responsibilities, and authorities normally performed by the president and chief executive officer of a company, including responsibility for the overall and day-to-day operation of the Company, the hiring and termination of employees of the Company who are not officers of the Company, and such other duties, responsibilities responsibilities, and authorities as are assigned to him by the Board of Directors of the Company (the "Board") so long as such additional duties, responsibilities responsibilities, and authorities are consistent with Employee's position and level of authority as President and Chief Financial Officer, Secretary and Treasurer Executive Officer of the Company. Employee shall also serve as Treasurer, Secretary, and General Counsel of the Company (or any combination of the foregoing) if requested to do so by the Board. Employee in carrying out his duties under this Agreement shall report directly solely to the President/CEOBoard. Notwithstanding the foregoing, and after a Non-Extension Notice (as hereinafter defined) is delivered, Employee shall (i) resign from such offices then held by Employee with the Board of the Company. Subject to the control and general directions of Company or its subsidiaries as shall be requested by the Board and except as otherwise herein provided, Employee shall devote all necessary business time, best efforts and attention to promote and advance the business of the Company and its subsidiaries and affiliates and to perform diligently and faithfully all no longer have the duties, responsibilities and obligations of Employee to be performed by him under this Employment Agreement. Employee's duties shall include the ongoing management and oversight of the general and financial business affairs and operations of the Company and its subsidiaries and affiliates. It is expressly understood that Employee also is and/or may become engaged in other limited business activities not involving the Company. Any such independent activity shall be disclosed to the Audit Committee of the Company’s Board in advanceresponsibilities, and any authorities associated with the offices from which he has resigned, (ii) report to such other business activities shall not unreasonably interfere with Employee's performance of his obligations under this Employment Agreementperson or persons as the Board may specify, and (iii) perform such transitional duties, responsibilities, and authorities as may be reasonably assigned to him by the Board.

Appears in 1 contract

Samples: Employment Agreement (Research Frontiers Inc)

Capacity and Duties. (a) Employee is and shall be employed in the capacity of Vice President and Chief Financial Officer, Secretary and Treasurer Officer of the Company and shall have the duties, responsibilities, and authorities normally performed by the vice president and chief financial officer of a company, including responsibility for the overall and day-to-day financial operation of the Company, and such other duties, responsibilities responsibilities, and authorities as are assigned to him by the Chief Executive Officer (“CEO”) or the Board of Directors of the Company (the “Board”) so long as such additional duties, responsibilities responsibilities, and authorities are consistent with Employee's ’s position and level of authority as Vice President and Chief Financial Officer, Secretary and Treasurer Officer of the Company. Employee shall report directly to the President/CEOalso serve as Treasurer, and the Board of the Company. Subject to the control and general directions of the Board and except as otherwise herein provided, Employee shall devote all necessary business time, best efforts and attention to promote and advance the business of the Company and its subsidiaries and affiliates and to perform diligently and faithfully all the duties, responsibilities and obligations of Employee to be performed by him under this Employment Agreement. Employee's duties shall include the ongoing management and oversight of the general and financial business affairs and operations of the Company and its subsidiaries and affiliates. It is expressly understood that Employee also is and/or may become engaged in other limited business activities not involving the Company. Any such independent activity shall be disclosed to the Audit Committee President of the Company’s VariGuard business unit and Vice President of Business Development of the Company (or any combination of the foregoing) if requested to do so by the CEO or the Board. Employee in carrying out his duties under this Agreement shall report to the CEO and the Board. Notwithstanding the foregoing, after a Non-Extension Notice (as hereinafter defined) is delivered, Employee shall (i) resign from such offices then held by Employee with the Company or its subsidiaries as shall be requested by the CEO or the Board in advanceand shall no longer have the duties, responsibilities, and any authorities associated with the offices from which he has resigned, (ii) report to such other business activities shall not unreasonably interfere with Employee's performance of his obligations under this Employment Agreementperson or persons as the CEO or the Board may specify, and (iii) perform such transitional duties, responsibilities, and authorities as may be reasonably assigned to him by the CEO or the Board.

Appears in 1 contract

Samples: Employment Agreement (Research Frontiers Inc)

Capacity and Duties. Employee shall be employed in the capacity of Chief Financial Officer, Secretary and Treasurer CFO of the Company Company, and shall have such other duties, responsibilities and authorities as are assigned to him by the Board of Directors of the Company (the “Board”) of the Company so long as such additional duties, responsibilities and authorities are consistent with Employee's ’s position and level of authority as Chief Financial Officer, Secretary and Treasurer CFO of the CompanySkkynet. Employee shall report directly to the President/CEO, and the Board of the Company. Subject to the control and general directions of the Board and except as otherwise herein provided, Employee shall devote all necessary business time, best efforts and attention to promote and advance the business of the Company and Company, its subsidiaries parent, subsidiaries, including Cogent, and affiliates and to perform diligently and faithfully all the duties, responsibilities and obligations of Employee to be performed by him under this Employment Agreement. Employee's ’s duties shall include the ongoing management and oversight of the general and financial business affairs and operations of the Company and Company, its parent, subsidiaries and affiliates. It is expressly understood that Employee also is and/or may become engaged in other limited business activities not involving the Company. Any such independent activity shall be disclosed to the Audit Committee of the Company’s Board in advance, and any such other business activities shall not unreasonably interfere with Employee's ’s performance of his obligations under this Employment Agreement.

Appears in 1 contract

Samples: Employment Agreement (Skyynet Cloud Systems, Inc.)

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Capacity and Duties. Employee Executive shall be employed in the capacity of Chief Financial Officer, Secretary and Treasurer Executive Officer of the Company and shall have such other duties, responsibilities and authorities as are assigned to him by the Board of Directors of the Company (the “Board”) so long as such additional duties, responsibilities and authorities are consistent with Employee's position and level of authority as Chief Financial Officer, Secretary and Treasurer of the Company. Employee shall report directly to the President/CEO, and the Board of the Company). Subject to the control and general directions of the Board and except as otherwise herein provided, Employee Executive shall devote all necessary business time, best efforts and attention to promote and advance the business of the Company and its subsidiaries and affiliates and to perform diligently and faithfully all the duties, responsibilities and obligations of Employee Executive to be performed by him under this Employment Agreement. EmployeeExecutive's duties shall include the ongoing management and oversight of the general and financial business affairs and operations of the Company and its subsidiaries and affiliatesaffiliates and shall include, but not be limited to, routine operations, matters relating to research and development, technical direction, national and international sales and/or licensing, national policy and governmental regulations, legal matters, and industry relations including those relating to water and the environment. It is expressly understood that Employee Executive also is and/or may become engaged in other limited business activities not involving the Company. Any such independent activity shall be disclosed to the Audit Committee of the Company’s Board in advance, and any such other business activities shall not unreasonably interfere with EmployeeExecutive's performance of his obligations under this Employment Agreement.

Appears in 1 contract

Samples: Employment Agreement (Consorteum Holdings, Inc.)

Capacity and Duties. Employee shall be employed in the ------------------- capacity of Chief Financial Officer, Secretary Vice President and Treasurer General Counsel of the Company and shall have such other duties, responsibilities and authorities as are assigned to him by the Board of Directors of the Company (the "Board") and the President/CEO so long as such additional duties, responsibilities and authorities are consistent with Employee's position and level of authority as Chief Financial Officer, Secretary Executive Vice President and Treasurer of the CompanyGeneral Counsel. Employee shall report directly to the President/CEO, CEO and the Board of the Company. Subject to the control and general directions of the President/CEO and the Board and except as otherwise herein provided, Employee shall devote all necessary business time, best efforts and attention to promote and advance the business of the Company and its subsidiaries and affiliates and to perform diligently and faithfully all the duties, responsibilities and obligations of Employee to be performed by him under this Employment Agreement. Employee's duties shall include the ongoing management and oversight of the general and financial business affairs and operations of the Company and its subsidiaries and affiliatesaffiliates and shall include, but not be limited to, routine operations, matters relating to research and development, technical direction, national and international sales and/or licensing, national policy and governmental regulations, legal matters, and industry relations including those relating to water and the environment. It is expressly understood that Employee also is and/or may become engaged in other limited business activities not involving the Company. Any such independent activity shall be disclosed to the Audit Committee of the Company’s 's Board in advance, and any such other business activities shall not unreasonably interfere with Employee's performance of his obligations under this Employment Agreement.

Appears in 1 contract

Samples: Employment Agreement (N-Viro International Corp)

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