Common use of Capacity and Services Clause in Contracts

Capacity and Services. (a) NATCO hereby agrees to continue to employ the Executive and the Executive hereby agrees to accept such employment by NATCO as Chairman and Chief Executive Officer of NATCO on the terms and conditions set forth herein. The employment of the Executive pursuant to this Employment Agreement shall commence on July 1, 1997 and continue through the Period of Active Employment, as defined in Section 1(e) of this Employment Agreement. In his capacity as Chairman and Chief Executive Officer of NATCO, the Executive shall assume such responsibilities, perform such duties, and have such authority, as may from time to time be assigned or delegated by the Board of Directors of NATCO (the may from time to time be assigned or delegated by the Board of Directors of NATCO (the "Board") consistent with the Executive's position. The Executive agrees to perform such duties in accordance with the By-laws of NATCO, the Board's instructions, and NATCO's policies. (b) The Executive shall devote a significant portion of his business time to his duties hereunder, provided, however, that the foregoing shall not prevent the Executive from devoting time and effort to the business of Capricorn Holdings, LLC, of which Executive is a Member, or from serving as a member of the board of directors of a corporation if the Board, or the appropriate Committee thereof, determines in its sole discretion that such membership is not adverse to the interests of NATCO. Subject to the foregoing, the Executive shall not engage in any business activities that are directly or indirectly competitive with any business then conducted by NATCO or any of its affiliated companies. (c) The Executive may be an investor, shareholder, joint venturer, or partner (hereinafter referred to as an "Investor") in any enterprise, association, corporation, joint venture or partnership (hereinafter referred to as an "Investment"), provided, however, that any such Investment does not (i) violate NATCO's conflict of interest policy as in effect from time to time, (ii) require the Executive's involvement in the management (except service on boards of directors to the extent permitted by Section 1(b) of this Employment Agreement) or operation of such Investment (recognizing that the Executive shall be permitted to monitor and oversee the Investment, as would any prudent Investor) or (iii) interfere with the performance of the Executive's duties and obligations hereunder. (d) The Executive shall fully and faithfully discharge his duties under the direction of the Board.

Capacity and Services. (a) NATCO hereby agrees to continue to employ the Executive and the Executive hereby agrees to accept such employment by NATCO as Chairman and Chief Executive Officer of NATCO on the terms and conditions set forth herein. The employment of the Executive pursuant to this Employment Agreement shall commence on July 1December 11, 1997 2002 and continue through the Period of Active Employment, as defined in Section 1(e) of this Employment Agreement. In his capacity as Chairman and Chief Executive Officer of NATCO, the Executive shall assume such responsibilities, perform such duties, and have such authority, as may from time to time be assigned or delegated by the Board of Directors of NATCO (the may from time to time be assigned or delegated by the Board of Directors of NATCO (the "Board") consistent with the Executive's position. The Executive agrees to perform such duties in accordance with the By-laws of NATCO, the Board's instructions, and NATCO's policies. (b) The Executive shall devote a significant portion of his full business time to his duties hereunder, provided, however, that the foregoing shall not prevent the Executive from devoting time and effort to the business of Capricorn Holdings, LLC, of which Executive is a Member, or from serving as a member of the board of directors of a corporation if the Board, or the appropriate Committee thereof, determines in its sole discretion that such membership is not adverse to the interests of NATCO. Subject to the foregoing, the Executive shall not engage in any business activities that are directly or indirectly competitive with any business then conducted by NATCO or any of its affiliated companies. (c) The Executive may be an investor, shareholder, joint venturer, or partner (hereinafter referred to as an "Investor") in any enterprise, association, corporation, joint venture or partnership (hereinafter referred to as an "Investment"), provided, however, that any such Investment does not (i) violate NATCO's conflict of interest policy as in effect from time to time, (ii) require the Executive's involvement in the management (except service on boards of directors to the extent permitted by Section 1(b) of this Employment Agreement) or operation of such Investment (recognizing that the Executive shall be permitted to monitor and oversee the Investment, as would any prudent Investor) or (iii) interfere with the performance of the Executive's duties and obligations hereunder. (d) The Executive shall fully and faithfully discharge his duties under the direction of the Board.

Capacity and Services. (a) NATCO hereby agrees to continue to employ the Executive and the Executive hereby agrees to accept such employment by NATCO as Chairman and Chief Executive Officer President of NATCO on the terms and conditions set forth herein. The employment of the Executive pursuant to this Employment Agreement shall commence on July 1December 11, 1997 2002 and continue through the Period of Active Employment, as defined in Section Paragraph 1(e) of this Employment Agreement. In his capacity as Chairman and Chief Executive Officer President of NATCO, the Executive shall assume such responsibilities, perform such duties, and have such authority, as may from time to time be assigned or delegated by the Board of Directors of NATCO (the may from time to time be assigned "Board") or delegated by the Board of Directors Chief Executive Officer of NATCO (the "BoardCEO") ), consistent with the Executive's position. The Executive agrees to perform such duties in accordance with the By-laws of NATCO, the instructions of the CEO and the Board's instructions, and NATCO's policies. (b) The Executive shall devote a significant portion of his full business time to his duties hereunder, provided, however, that the foregoing shall not prevent the Executive from devoting time and effort to the business of Capricorn Holdings, LLC, of which Executive is a Member, or from serving as a member of the board of directors of a corporation if the Board, or the appropriate Committee thereof, determines in its sole discretion that such membership is not adverse to the interests of NATCO. Subject to the foregoing, the Executive shall not engage in any business activities that are directly or indirectly competitive with any business then conducted by NATCO or any of its affiliated companies. (c) The Executive may be an investor, shareholder, joint venturer, or partner (hereinafter referred to as an "Investor") in any enterprise, association, corporation, joint venture or partnership (hereinafter referred to as an "Investment"), provided, however, that any such Investment does not (i) violate NATCO's conflict of interest policy as in effect from time to time, (ii) require the Executive's involvement in the management (except service on boards of directors to the extent permitted by Section Paragraph 1(b) of this Employment Agreement) or operation of such Investment (recognizing that the Executive shall be permitted to monitor and oversee the Investment, as would any prudent Investor) or (iii) interfere with the performance of the Executive's duties and obligations hereunder. (d) The Executive shall fully and faithfully discharge his duties under the direction of the Board.

Capacity and Services. (a) NATCO hereby agrees to continue to employ the Executive and the Executive hereby agrees to accept such employment by NATCO as Chairman President and Chief Executive Operating Officer of NATCO on the terms and conditions set forth herein. The employment of the Executive pursuant to this Employment Agreement shall commence on July 1, 1997 2006 and continue through the Period of Active Employment, as defined in Section Paragraph 1(e) of this Employment Agreement. In his capacity as Chairman President and Chief Executive Operating Officer of NATCO, the Executive shall assume such responsibilities, perform such duties, and have such authority, as may from time to time be assigned or delegated by the Board of Directors of NATCO (the may from time to time be assigned "Board") or delegated by the Board of Directors Chief Executive Officer of NATCO (the "BoardCEO") ), consistent with the Executive's position. The Executive agrees to perform such duties in accordance with the By-laws Bylaws of NATCO, the instructions of the CEO and the Board's instructions, and NATCO's policies. (b) . The Executive shall devote a significant portion of his full business time to his duties hereunder, provided, however, that the foregoing shall not prevent the Executive from devoting time and effort to the business of Capricorn Holdings, LLC, of which Executive is a Member, or from serving as a member of the board of directors of a corporation if the Board, or the appropriate Committee thereof, determines in its sole discretion that such membership is not adverse to the interests of NATCO. Subject to the foregoing, the Executive shall not engage in any business activities that are directly or indirectly competitive with any business then conducted by NATCO or any of its affiliated companies. (c) . The Executive may be an investor, shareholder, joint venturer, or partner (hereinafter referred to as an "Investor") in any enterprise, association, corporation, joint venture or partnership (hereinafter referred to as an "Investment"), provided, however, that any such Investment does not (i) violate NATCO's conflict of interest policy as in effect from time to time, (ii) require the Executive's involvement in the management (except service on boards of directors to the extent permitted by Section Paragraph 1(b) of this Employment Agreement) or operation of such Investment (recognizing that the Executive shall be permitted to monitor and oversee the Investment, as would any prudent Investor) or (iii) interfere with the performance of the Executive's duties and obligations hereunder. (d) . The Executive shall fully and faithfully discharge his duties under the direction of the Board. "Period of Active Employment", as used herein, shall mean the period beginning on July 1, 2006 and terminating on the date on which the first of the following events occurs: The death of the Executive; The Disability of the Executive, as provided in Paragraph 7 of this Employment Agreement; The termination of the Executive's employment, as provided in Paragraph 13 of this Employment Agreement; or Expiration of the Term of this Employment Agreement, as provided in Paragraph 2 hereof (or as such expiration may be extended pursuant to Paragraph 3 hereof).