Common use of Duties/Authority Clause in Contracts

Duties/Authority. The Executive shall devote commercially reasonable efforts and substantially full working time and attention to the promotion and advancement of the Company and its welfare. The Executive shall serve the Company faithfully and to the best of the Executive’s ability, and shall perform such services and duties in connection with the business, affairs and operations of the Company as may be assigned or delegated to the Executive from time to time by the Board or under, and in accordance with, the authority and direction of the Board. The Company shall retain the right to direct and control the means and methods by which the Executive performs the above services. The Company shall provide the Executive with all necessary authority and resources to discharge the Executive’s responsibilities under the Federal securities laws, state securities laws, the rules of the NASD, related authorities and industry standards of conduct (together, the “Industry Rules”), including, but not limited to, the authority to implement policies and procedures reasonably designed to achieve compliance with Industry Rules.