Common use of Duties and Performance Clause in Contracts

Duties and Performance. (a) During the Term, Employee shall be employed on a full-time basis as Chief Operating Officer of the Company and shall have such authority and shall perform such duties consistent with his position as may be reasonably assigned to him by, and shall report to the Chief Executive Officer of the Company. Employee shall use all reasonable efforts to further the interests of the Company and its Subsidiaries and shall devote substantially all of his business time and attentions to his duties hereunder; provided, however, that Employee shall not be prohibited from making investments of a passive nature (other than investment in companies engaged in competition with the Company; provided, Employee shall not prohibited from being a passive owner of not more than three percent (3%) of the outstanding capital stock of a entity which is publicly-traded, as long as the Employee has no active participation in such entity’s business) and devoting time to non-business related ventures, such as real estate investments and charitable activities, so long as such activities do not prevent, or materially interfere, with Employee’s performance of his obligations hereunder. At all times during the Term: (i) Employee’s office and the base from which he primarily performs his duties hereunder shall be located at the Company’s offices which shall not be located more than twenty (20) miles from Wakefield, Massachusetts, unless otherwise agreed to by Employee; and/or (ii) Employee shall not be required to travel internationally, except as agreed to by Employee.

Appears in 1 contract

Samples: Employment Agreement (Edgewater Technology Inc/De/)

AutoNDA by SimpleDocs

Duties and Performance. (a) During the Term, Employee shall be employed by, if any, Edgewater Delaware on a full-time basis as Chief Operating Financial Officer and Treasurer of Edgewater Delaware, as well as being employed on a full-time basis as the Chief Financial Officer and Treasurer of the Company and shall have such authority and shall perform such duties consistent with his position as may be reasonably assigned to him his by, and shall report to the Chief Executive Officer of the Company. Employee shall use all reasonable efforts to further the interests of Edgewater Delaware, the Company and its Subsidiaries and shall devote substantially all of his business time and attentions to his duties hereunder; provided, however, that Employee shall not be prohibited from making investments of a passive nature (other than investment in more than five percent (5%) of the outstanding shares of companies engaged in competition with the Company; provided, Employee shall not prohibited from being a passive owner of not more than three percent (3%) of the outstanding capital stock of a entity which is publicly-traded, as long as the Employee has no active participation in such entity’s businessEdgewater Delaware) and devoting time to non-business related ventures, such as real estate investments and charitable activitiesinvestments, so long as such activities do not prevent, prevent or materially interfere, interfere with Employee’s performance of his obligations hereunder. At all times during the Term: (i) , Employee’s office and the base from which he she primarily performs his duties hereunder shall be located at the Company’s offices which shall not be located more than twenty (20) miles from Wakefield, Massachusetts, unless otherwise agreed to by Employee; and/or (ii) Employee shall not be required to travel internationally, except as agreed to by Employee.

Appears in 1 contract

Samples: Employment Agreement (Edgewater Technology Inc/De/)

Duties and Performance. (a) During the Term, Employee shall be employed on a full-time basis as Chief Operating Officer Financial Officer, Treasurer and Corporate Secretary (Principal Financial and Accounting Officer) of the Company and shall have such authority and shall perform such duties consistent with his position as may be reasonably assigned to him by, and shall report to the Chief Executive Officer of the Company. Employee shall use all reasonable efforts to further the interests of the Company and its Subsidiaries and shall devote substantially all of his business time and attentions to his duties hereunder; provided, however, that Employee shall not be prohibited from making investments of a passive nature (other than investment in companies engaged in competition with the Company; provided, Employee shall not prohibited from being a passive owner of not more than three percent (3%) of the outstanding capital stock of a entity which is publicly-traded, as long as the Employee has no active participation in such entity’s business) and devoting time to non-business related ventures, such as real estate investments and charitable activities, so long as such activities do not prevent, or materially interfere, with Employee’s performance of his obligations hereunder. At all times during the Term: (i) , Employee’s office and the base from which he primarily performs his duties hereunder shall be located at the Company’s offices which shall not be located more than twenty (20) miles from Wakefield, Massachusetts, unless otherwise agreed to by Employee; and/or (ii) Employee shall not be required to travel internationally, except as agreed to by Employee.

Appears in 1 contract

Samples: Employment Agreement (Edgewater Technology Inc/De/)

AutoNDA by SimpleDocs

Duties and Performance. (a) During the Term, Employee shall be employed on a full-time basis as Executive Vice President—Chief Operating Strategy Officer and Chief Technology Officer of the Company and shall have such authority and shall perform such duties consistent with his position as may be reasonably assigned to him by, and shall report to the Chief Executive Officer of the Company. Employee shall use all reasonable efforts to further the interests of the Company and its Subsidiaries and shall devote substantially all of his business time and attentions to his duties hereunder; provided, however, that Employee shall not be prohibited from making investments of a passive nature (other than investment in companies engaged in competition with the Company; provided, Employee shall not prohibited from being a passive owner of not more than three percent (3%) of the outstanding capital stock of a entity which is publicly-traded, as long as the Employee has no active participation in such entity’s business) and devoting time to non-business related ventures, such as real estate investments and charitable activities, so long as such activities do not prevent, or materially interfere, with Employee’s performance of his obligations hereunder. At all times during the Term: (i) Employee’s office and the base from which he primarily performs his duties hereunder shall be located at the Company’s offices which shall not be located more than twenty (20) miles from Wakefield, Massachusetts, unless otherwise agreed to by Employee; and/or (ii) Employee shall not be required to travel domestically more than twenty (20) miles from the Company’s offices in Wakefield, Massachusetts or internationally, except as agreed to by Employee.

Appears in 1 contract

Samples: Employment Agreement (Edgewater Technology Inc/De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!