Common use of Duties as Employee of the Company Clause in Contracts

Duties as Employee of the Company. Executive shall, subject to the supervision of HCC’s Chief Executive Officer (“CEO”), President and/or Chief Operating Officer (“COO”), be responsible for all casualty business of the Company in the ordinary course of its business with all such powers with respect to such management and control as may be reasonably incident to such responsibilities. Executive may also be responsible for special corporate projects as designated by the CEO, President and/or COO, including any merger or acquisition projects or the management of any acquired or merged subsidiaries. During normal business hours, Executive shall devote substantially all of his time and attention to diligently attending to the business of the Company. During the Term, Executive shall not directly or indirectly render any services of a business, commercial, or professional nature to any other person, firm, corporation, or organization, whether for compensation or otherwise, without the prior consent of the CEO. However, Executive shall have the right to engage in such activities as may be appropriate in order to manage his personal investments and in educational, charitable and philanthropic activities so long as such activities do not interfere or conflict with the performance of his duties to the Company hereunder. The conduct of such activity shall not be deemed to materially interfere or conflict with Executive’s performance of his duties until Executive has been notified in writing thereof and given a reasonable period in which to cure same.

Appears in 1 contract

Samples: Employment Agreement (HCC Insurance Holdings Inc/De/)

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Duties as Employee of the Company. Executive shall, subject to the supervision of HCC’s the Chief Executive Officer of HCC (“CEO”)) and, President and/or Chief Operating Officer (“COO”)following his appointment as CEO, be responsible for all casualty business subject to the supervision of the Company Board, have general management and control of HCC in the ordinary course of its business with all such powers with respect to such management and control as may be reasonably incident to such responsibilities. Executive may also be responsible for special corporate projects as designated by the CEO, President and/or COO, including any merger or acquisition projects or the management of any acquired or merged subsidiaries. During normal business hours, Executive shall devote substantially all of his time and attention to diligently attending to the business of the Company. During the Term, Executive shall not directly or indirectly render any services of a business, commercial, or professional nature to any other person, firm, corporation, or organization, whether for compensation or otherwise, without the prior consent of the CEO. However, Executive shall have the right to engage in such activities as may be appropriate in order to manage his personal investments and in educational, charitable and philanthropic activities so long as such activities do not interfere or conflict with the performance of his duties to the Company hereunder. The conduct of such activity shall not be deemed to materially interfere or conflict with Executive’s performance of his duties until Executive has been notified in writing thereof and given a reasonable period in which to cure same.

Appears in 1 contract

Samples: Employment Agreement (HCC Insurance Holdings Inc/De/)

Duties as Employee of the Company. Executive shall, subject to the supervision of HCC’s Chief Executive Officer (“CEO”), President and/or Chief Operating Officer (“COO”), be responsible for all casualty domestic life, accident, and health business of the Company in the ordinary course of its business with all such powers with respect to such management and control as may be reasonably incident to such responsibilities. Executive may also be responsible for special corporate projects as designated by the CEO, President and/or COO, including any merger or acquisition projects or the management of any acquired or merged subsidiaries. During normal business hours, Executive shall devote substantially all of his time and attention to diligently attending to the business of the Company. During the Term, Executive shall not directly or indirectly render any services of a business, commercial, or professional nature to any other person, firm, corporation, or organization, whether for compensation or otherwise, without the prior consent of the CEO. However, Executive shall have the right to engage in such activities as may be appropriate in order to manage his personal investments and in educational, charitable and philanthropic activities so long as such activities do not interfere or conflict with the performance of his duties to the Company hereunder. The conduct of such activity shall not be deemed to materially interfere or conflict with Executive’s performance of his duties until Executive has been notified in writing thereof and given a reasonable period in which to cure same.

Appears in 1 contract

Samples: Employment Agreement (HCC Insurance Holdings Inc/De/)

Duties as Employee of the Company. Executive shall, subject to the supervision of HCC’s the Chief Executive Officer of HCC (“CEO”), ) act as the Executive Vice President and/or and Chief Operating Officer (“COO”)and later as President when so appointed, be responsible for all casualty business of the Company in the ordinary course of its business with all such powers with respect to such management and control as may be reasonably incident to such responsibilities. Executive may also be responsible for special corporate projects as designated by the CEO, President and/or COO, including any merger or acquisition projects or the management of any acquired or merged subsidiaries. During normal business hours, Executive shall devote substantially all of his time and attention to diligently attending to the business of the Company. During the Term, Executive shall not directly or indirectly render any services of a business, commercial, or professional nature to any other person, firm, corporation, or organization, whether for compensation or otherwise, without the prior consent of the CEO. However, Executive shall have the right to engage in such activities as may be appropriate in order to manage his personal investments and in educational, charitable and philanthropic activities so long as such activities do not interfere or conflict with the performance of his duties to the Company hereunder. The conduct of such activity shall not be deemed to materially interfere or conflict with Executive’s performance of his duties until Executive has been notified in writing thereof and given a reasonable period in which to cure same.

Appears in 1 contract

Samples: Employment Agreement (HCC Insurance Holdings Inc/De/)

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Duties as Employee of the Company. Executive shall, subject to the supervision of the Board act as Vice Chairman of the Board of HCC’s , Chairman and Chief Executive Officer (“CEO”)of LDG, President and/or Chief Operating Officer (“COO”), be responsible for all casualty business and a director of the Company Benefits in the ordinary course of its business with all such powers with respect to such management and control as may be reasonably incident to such responsibilities. Executive may also be responsible for special corporate projects as designated by shall report to the CEO, President and/or COO, including any merger or acquisition projects Chairman of the Board or the management President of any acquired or merged subsidiariesHCC. During normal business hours, hours Executive shall devote substantially all of his full time and attention to diligently attending to the business of the CompanyCompany and its subsidiaries during his term of employment hereunder. During the Termhis term of employment, Executive shall not directly or indirectly render any services of a business, commercial, or professional nature to any other person, firm, corporation, or organization, whether for compensation or otherwise, without the prior written consent of the CEOBoard. However, Executive shall have the right to engage in such activities as may be appropriate in order to manage his personal investments and in educational, charitable and philanthropic activities so long as such activities do not interfere or conflict with the performance of his duties to the Company and its subsidiaries as set forth hereunder. The conduct of such activity shall not be deemed to materially interfere or conflict with Executive’s 's performance of his duties until Executive has been notified in writing thereof and given a reasonable period in which to cure the same.

Appears in 1 contract

Samples: Employment Agreement (HCC Insurance Holdings Inc/De/)

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