DUTIES AND OBLIGATION OF EMPLOYEE Sample Clauses

DUTIES AND OBLIGATION OF EMPLOYEE. 201. General Duties. Employee shall serve as the President and CEO of Employer. In that capacity, Employee shall perform all services, acts, or things necessary or advisable to manage and conduct the business of Employer, including the hiring and firing of employees, subject always to policies set by the Board of Directors of Mammoth Lakes Tourism ("the Board"), and to the consent of the Board where required by this Agreement or by subsequent resolution of the Board.
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DUTIES AND OBLIGATION OF EMPLOYEE. 2.01 Employee shall serve as the President/Chief Executive Officer of the Pacific State Bank. In his capacity as President/CEO he shall report to the Board of Directors in assuming responsibility for developing and implementing overall long-range objective, plans and policies, Strategic Planning, acquisitions, marketing and other major functions of the Bank subject to approval of the board of directors. May serve as the principal representative of the Bank with the press, major customers, community and industry associations, other businesses and regulatory agencies. Serve as voting member of Bank's Loan Committee (Mr. Rosso is the Vice-Chairman of the Loan Committee), Xxxxxxxxe Committee and a member of all other board committees (except Audit). Perform such duties as may, from time to time, be reasonably requested of him by the Board of Directors of Employee, including but not limited to the hiring and firing of all employees of the Employer. Subject at all times to the policies set by Employee's Board of Directors. Devotion to Employer's Business
DUTIES AND OBLIGATION OF EMPLOYEE 

Related to DUTIES AND OBLIGATION OF EMPLOYEE

  • Duties and Obligations The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02), and, (c) except as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to any Loan Party or any Subsidiary that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02) or in the absence of its own gross negligence or willful misconduct as determined by a final nonappealable judgment of a court of competent jurisdiction. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by the Borrower or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or in connection with any Loan Document, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, (v) the creation, perfection or priority of Liens on the Collateral or the existence of the Collateral, or (vi) the satisfaction of any condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.

  • Accrued Rights and Obligations Termination of this Agreement for any reason shall not release either Party hereto from any liability which, at the time of such termination, has already accrued to the other Party or which is attributable to a period prior to such termination nor preclude either Party from pursuing any rights and remedies it may have hereunder or at law or in equity with respect to any breach of this Agreement.

  • OBLIGATIONS SURVIVE TERMINATION OF EMPLOYMENT Executive agrees that any and all of Executive’s obligations under this Agreement, including but not limited to Exhibits B and C, shall survive the termination of employment and the termination of this Agreement.

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