CEO Responsibilities Sample Clauses
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CEO Responsibilities. As the Company’s CEO, Executive shall be responsible for (i) the formulation of strategic and business plans and initiatives for the Company and its subsidiaries and upon their approval by the Board, their implementation, (ii) the supervision of the senior management personnel of the Company and its subsidiaries, (iii) the financial performance and financial condition of the Company and its subsidiaries, and (iv) the accuracy and completeness of the Company’s financial and public reporting, including the reports filed with the Securities and Exchange Commission, all under the oversight of the Board. Executive also shall perform such other duties as may be assigned from time to time to him by the Board, provided that such duties are commensurate with those customarily assigned to chief executive officers of public companies with revenues and market capitalizations comparable to that of the Company. Executive hereby represents and warrants that, except as may otherwise have been disclosed in writing to the Company, he is under no contractual or other commitments, written or oral (including under any non-competition, trade secret or confidentiality or similar agreements), and has no duties or responsibilities, that are inconsistent or would interfere with the performance by him, on a full time basis, of his duties as the Company’s CEO. In addition, Executive represents that none of the information that he needs or will use in performing his duties as the Company’s CEO was or will be obtained from any Person who employed Executive in the past as an employee or engaged Executive’s services as an non-employee consultant or advisor.
CEO Responsibilities. As CUI’s CEO, Executive shall be responsible for (i) the formulation of the strategic and business plans and initiatives for the Company and its subsidiaries and upon their approval by the Board of Directors, their implementation, (ii) management of the day to day operations of the Company and its subsidiaries, including supervision of the senior management personnel of the Company and its subsidiaries, (iii) the financial performance and financial condition of the Company and its subsidiaries, and (iv) the accuracy and completeness of the Company’s financial and public reporting, including the reports filed with the Securities and Exchange Commission, all under the oversight of the Company’s Board of Directors. Subject to the authority of the Board of Directors to alter from time to time the reporting responsibilities of management personnel within the Company, the president of each of CUI’s subsidiaries and operating divisions shall report to Executive and, while those subsidiaries and divisions shall remain relatively independent, Executive shall have the responsibility and authority to take the actions necessary to cause each subsidiary and division to be operated in a unified and efficient manner consistent with CUI’s business objectives as delineated from time to time by the Board of Directors. As CEO, Executive shall have the authority to hire and terminate personnel consistent with the above responsibilities and the operating budgets approved by the Board of Directors; provided, however, that the hiring or termination of employment, and the extension of the term or any material changes in the terms or conditions of employment or compensation, of any individual holding a position with the Company of Vice President or above or holding an equivalent position with a subsidiary of the Company and the retention and termination of outside consultants to the Company, shall require the prior approval of the Board of Directors.
CEO Responsibilities. 2.1 The Board agrees to employ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ as CEO of AAATA
2.2 Employee shall have, and agrees to perform in good faith, the duties and responsibilities of CEO. As such, Employee shall provide general supervision and management of the affairs of the AAATA under the direction of the Board, shall perform the functions and duties specified in the policies and resolutions of the Board, and shall perform such other legally permissible and proper duties and functions as may be assigned from time to time by the Board. Specific expectations are outlined in the CEO’s written job description (Appendix A).