Common use of Company's Duties Clause in Contracts

Company's Duties. (a) The Company shall: (i) Compensate Employee as set forth in Section 5 below. (ii) Furnish the Employee with a suitable private office, and such equipment, supplies, instruments, and clerical and staff support as are reasonable and necessary to fulfill his responsibilities as set forth in this Agreement. (iii) Furnish the Employee with such data, materials, documents and other information as are reasonable and necessary to fulfill his responsibilities and duties as set forth in this Agreement. (iv) Reimburse the Employee for all reasonable out of pocket business expenses he incurs to fulfill the terms of this Agreement, approved by the Company in accordance with its policies, rules, standards, and/or procedures governing such expenses, including without limitation, those for travel, lodging, food, telephone, facsimile and other electronic voice or data transmissions. The Employee shall submit periodic reports of such expenses on forms with supporting documentation as the Company shall prescribe for its executive Employees and Company shall pay such reimbursement within forty-five (45) days of such submissions. (b) The Company, upon approval of the Board of Directors, may pay additional compensation to members of the management, including the Board of Directors beyond that amount set forth in Sections 5(a) and 5(b) below. The Board may approve such additional compensation if it views such additional compensation to be in the best interest of, and fair to the Company. Such additional compensation may be in the form of, without limitation, stock options, warrants, or performance bonuses.

Appears in 9 contracts

Samples: Employment Agreement (Flight Safety Technologies Inc), Employment Agreement (Flight Safety Technologies Inc), Employment Agreement (Flight Safety Technologies Inc)

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Company's Duties. (a) The Company shall: (i) Compensate Employee as set forth in Section 5 below. (ii) Furnish the Employee with a suitable private office, and such equipment, supplies, instruments, and clerical and staff support as are reasonable and necessary to fulfill his responsibilities as set forth in this Agreement. (iii) Furnish the Employee with such data, materials, documents and other information as are reasonable and necessary to fulfill his responsibilities and duties as set forth in this Agreement. (iv) Reimburse the Employee for all reasonable out of pocket business expenses he incurs to fulfill the terms of this Agreement, approved by the Company in accordance with its policies, rules, standards, and/or procedures governing such expenses, including without limitation, those for travel, lodging, food, telephone, facsimile and other electronic voice or data transmissions. The Employee shall submit periodic reports of such expenses on forms with supporting documentation as the Company shall prescribe for its executive Employees and Company shall pay such reimbursement within forty-five (45) days of such submissions. (b) The Company, upon approval of the Board of Directors, may pay additional compensation to members of the management, including the Board of Directors beyond that amount set forth in Sections 5(a) and 5(b) below. The Board may approve such additional compensation if it views such additional compensation to be in the best interest of, and fair to the Company. Such additional compensation may be in the form of, without limitation, stock options, warrants, or performance bonuses.

Appears in 3 contracts

Samples: Employment Agreement (Flight Safety Technologies Inc), Employment Agreement (Flight Safety Technologies Inc), Employment Agreement (Flight Safety Technologies Inc)

Company's Duties. (a) The Company shall: (i) Compensate Employee as set forth in Section 5 below. (ii) Furnish the Employee with a suitable private office, and such equipment, supplies, instruments, and clerical and staff support as are reasonable and necessary to fulfill fulfil his responsibilities Duties as set forth in this Agreement. (iii) Furnish the Employee with such data, materials, documents and other information as are reasonable and necessary to fulfill fulfil his responsibilities and duties Duties as set forth in this Agreement. (iv) Reimburse the Employee for all reasonable out of pocket business expenses he incurs to fulfill fulfil the terms of this Agreement, approved by the Company in accordance with its policies, rules, standards, and/or procedures governing such expenses, including without limitation, those for travel, lodging, food, telephone, facsimile and other electronic voice or data transmissions. The Employee shall submit periodic reports of such expenses on forms with supporting documentation as the Company shall prescribe for its executive Employees employees and the Company shall pay such reimbursement within forty-five (45) days of such submissions. (b) The Company, upon approval of the Board of Directors, may pay additional compensation to members Employee as a member of the management, including management and/or for serving on the Board of Directors beyond that amount set forth in Sections 5(a) and 5(b) Section 5 below. The Board may approve such additional compensation if it views such additional compensation to be in the best interest of, and fair to the Company. Such additional compensation may be in the form of, without limitation, stock options, warrants, or performance bonuses.

Appears in 2 contracts

Samples: Employment Agreement (Dynamic Applications Corp), Employment Agreement (Lithium Technology Corp)

Company's Duties. (a) The Company shall: (i) Compensate Employee as set forth in Section 5 below. (ii) Furnish the Employee with a suitable private office, and such equipment, supplies, instruments, and clerical and staff support as are reasonable and necessary to fulfill his responsibilities as set forth in this Agreement. (iii) Furnish the Employee with such data, materials, documents and other information as are reasonable and necessary to fulfill his responsibilities and duties as set forth in this Agreement. (iv) Reimburse the Employee for all reasonable out of pocket business expenses he incurs to fulfill the terms of this Agreement, approved by the Company in accordance with its policies, rules, standards, and/or procedures governing such expenses, including without limitation, those for travel, lodging, food, telephone, facsimile and other electronic voice or data transmissions. The Employee shall submit periodic reports of such expenses on forms with supporting documentation as the Company shall prescribe for its executive Employees and Company shall pay such reimbursement within forty-five thirty (4530) days of such submissions. (v) Reimburse or pay directly the leasing and insurance expenses of the automobile currently leased by Employee, or its equivalent. (b) The Company, upon approval of the Board of Directors, may pay additional compensation to members of the management, including the Board of Directors beyond that amount set forth in Sections 5(a) and 5(b) below. The Board may approve such additional compensation if it views such additional compensation to be in the best interest of, and fair to the Company. Such additional compensation may be in the form of, without limitation, stock options, warrants, or performance bonuses.

Appears in 2 contracts

Samples: Employment Agreement (Flight Safety Technologies Inc), Employment Agreement (Flight Safety Technologies Inc)

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Company's Duties. (a) The Company shall: (i) Compensate Employee as set forth in Section 5 below. (ii) Furnish the Employee with a suitable private office, and such equipment, supplies, instruments, and clerical and staff support as are reasonable and necessary to fulfill his responsibilities as set forth in this Agreement. (iii) Furnish the Employee with such data, materials, documents and other information as are reasonable and necessary to fulfill his responsibilities and duties as set forth in this Agreement. (iv) Reimburse the Employee for all reasonable out of pocket business expenses he incurs to fulfill the terms of this Agreement, approved by the Company in accordance with its policies, rules, standards, and/or procedures governing such expenses, including without limitation, those for traveltravel (including costs incurred in operating and flying the Employee's own plane but not to exceed regular coach airline fare for the same trip), lodging, food, telephone, facsimile and other electronic voice or data transmissions. The Employee shall submit periodic reports of such expenses on forms with supporting documentation as the Company shall prescribe for its executive Employees and Company shall pay such reimbursement within forty-five (45) days of such submissions. (v) Reimburse the Employee for the costs and expenses incurred in relocating of relocation and moving to an area convenient to the headquarters of the Company, including expenses associated with the sale of Employee's existing home and purchase of a new home and moving expenses. (b) The Company, upon approval of the Board of Directors, may pay additional compensation to members of the management, including the Board of Directors beyond that amount set forth in Sections 5(a) and 5(b) below. The Board may approve such additional compensation if it views such additional compensation to be in the best interest of, and fair to the Company. Such additional compensation may be in the form of, without limitation, stock options, warrants, or performance bonuses.

Appears in 1 contract

Samples: Employment Agreement (Flight Safety Technologies Inc)

Company's Duties. (a) The Company shall: (i) Compensate Employee as set forth in Section 5 below. (ii) Furnish the Employee with a suitable private office, and such equipment, supplies, instruments, and clerical and staff support as are reasonable and necessary to fulfill fulfil his responsibilities Duties as set forth in this Agreement. (iii) Furnish the Employee with such data, materials, documents and other information as are reasonable and necessary to fulfill fulfil his responsibilities and duties Duties as set forth in this Agreement. (iv) Reimburse the Employee for all reasonable out of pocket business expenses he incurs to fulfill fulfil the terms of this Agreement, approved by the Company in accordance with its policies, rules, standards, and/or procedures governing such expenses, including without limitation, those for travel, lodging, food, telephone, facsimile and other electronic voice or data transmissions. The Employee shall submit periodic reports of such expenses on forms with supporting documentation as the Company shall prescribe for its executive Employees employees and the Company shall pay such reimbursement within forty-five (45) days of such submissions. (b) The Company, upon approval of the Board of Directors, may pay additional compensation to members Employee as a member of the management, including the Board of Directors management beyond that amount set forth in Sections 5(a) and 5(b) Section 5 below. The Board may approve such additional compensation if it views such additional compensation to be in the best interest of, and fair to the Company. Such additional compensation may be in the form of, without limitation, stock options, warrants, or performance bonuses.

Appears in 1 contract

Samples: Employment Agreement (Lithium Technology Corp)

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