Common use of Duties During Term of Full-Time Employment Clause in Contracts

Duties During Term of Full-Time Employment. During the Executive's term of full-time employment the Executive shall devote his full working time and energies to the business and affairs of the Company. The Executive agrees during such term to use his best efforts, skill and abilities to promote the Company's interests; to serve as a director and officer of the Company if elected by the stockholders or Board; to serve as a director and officer of any corporation which is a subsidiary of the Company if elected by the stockholders or board of directors of such subsidiary corporation ; and to perform such duties (consistent with his status as set forth below in this Section 2) as may be assigned to him by the Board or by the Chief Executive Officer of the Company (the "CEO") or his designee. During his term of full-time employment, the Executive shall not, directly or indirectly, without the prior consent of the members of the Board, acting unanimously, render any services to any other person, or acquire any interests of any type in any other person, in conflict with his full-time, exclusive position as Chief Financial Officer of the Company; provided, however, that the foregoing shall not be deemed to prohibit the Executive from (a) acquiring, solely as an investment and through market purchases, securities of any entity which are registered under Section 12 of the Securities Exchange Act of 1934 and which are publicly traded so long as he is not part of any control group of such entity, (b) acquiring, solely as an investment, any securities of, or interests in, any other entity so long as he remains a passive investor in such entity and does not become part of any control group thereof and so long as such entity has no material business connection with the Company or any of its subsidiaries, (c) serving as a director of any other entity that is not in competition with the Company or any of its subsidiaries and which has no material business connection with the Company or any of its subsidiaries including any connection as supplier or customer; or (d) devoting such time and energy as the Executive deems appropriate consistent with his duties hereunder to the work of eleemosynary institutions of the Executive's choosing.

Appears in 1 contract

Samples: Employment Agreement (Syratech Corp)

AutoNDA by SimpleDocs

Duties During Term of Full-Time Employment. During the Executive's term of full-time employment the Executive shall devote his full working time and energies to the business and affairs of the Company. The Executive agrees during such term to use his best efforts, skill and abilities to promote the Company's interests; to serve as a director and officer of the Company if elected by the stockholders or Board; to serve as a director and officer of any corporation which is a subsidiary of the Company if elected by the stockholders or board of directors of such subsidiary corporation corporation; and to perform such duties (consistent with his status as set forth below in this Section 2) as may be assigned to him by the Board or by the Chief Executive Officer of the Company (the "CEO") or his designeeBoard. During his term of full-time employment, the Executive shall not, directly or indirectly, without the prior consent of a majority of the members of the Board, acting unanimouslyBoard who are not employees of the Company or any of its subsidiaries, render any services to any other person, or acquire any interests of any type in any other person, in conflict with his full-time, exclusive position as Chief Financial Executive Officer of the Company; provided, however, that the foregoing shall not be deemed to prohibit the Executive from (a) acquiring, solely as an investment and through market purchases, securities of any entity which are registered under Section 12 of the Securities Exchange Act of 1934 and which are publicly traded so long as he is not part of any control group of such entitycorporation, (b) acquiring, solely as an investment, any securities of, or interests in, any other entity so long as he remains a passive investor in such entity and does not become part of any control group thereof and so long as such entity has no material business connection with the Company or any of its subsidiaries, (c) serving as a director of any other entity that corporation which is not in competition with the Company or any of its subsidiaries and which has no material business connection with the Company or any of its subsidiaries including any connection as supplier or customersubsidiaries; or (d) devoting such time and energy as the Executive deems appropriate consistent with his duties hereunder to the work of eleemosynary institutions of the Executive's choosing.

Appears in 1 contract

Samples: Employment Agreement (Syratech Corp)

Duties During Term of Full-Time Employment. During the Executive's term of full-time employment the Executive shall devote his full working time and energies to the business and affairs of the Company. The Executive agrees during such term to use his best efforts, skill and abilities to promote the Company's interests; to serve as a director and officer of the Company if elected by the stockholders or Board; to serve as a director and officer of any corporation which is a subsidiary of the Company if elected by the stockholders or board of directors of such subsidiary corporation corporation; and to perform such duties (consistent with his status as set forth below in this Section 2) as may be assigned to him by the Board or by the Chief Executive Officer of the Company (the "CEO") or his designee. During his term of full-time employment, the Executive shall not, directly or indirectly, without the prior consent of a majority of the members of the Board, acting unanimouslyBoard who are not employees of the Company or any of its subsidiaries, render any services to any other person, or acquire any interests of any type in any other person, in conflict with his this full-time, exclusive position as Chief Financial Officer of the CompanyExecutive Vice President-International Manufacturing and West Coast Distribution; provided, however, that the foregoing shall not be deemed to prohibit the Executive from (a) acquiring, solely as an investment and through market purchases, securities of any entity which are registered under Section 12 of the Securities Exchange Act of 1934 and which are publicly traded so long as he is not part party of any control group of such entitycorporation, (b) acquiring, solely as an investment, any securities of, or interests in, any other entity so long as he remains a passive investor in such entity and does not become part of any control group thereof and so long as such entity has no material business connection with the Company or any of its subsidiaries, (c) serving as a director of any other entity that corporation which is not in competition with the Company or any of its subsidiaries and which has no material business connection with within the Company or any of its subsidiaries including any connection as supplier or customersubsidiaries; or (d) devoting such time and energy as the Executive deems appropriate consistent with his duties hereunder to the work of eleemosynary institutions of the Executive's choosing.

Appears in 1 contract

Samples: Employment Agreement (Syratech Corp)

AutoNDA by SimpleDocs

Duties During Term of Full-Time Employment. During the Executive's ’s term of full-time employment the Executive shall devote his full working time and energies to the business and affairs of the Company. The Executive agrees during such term of employment to use his best efforts, skill and abilities to promote the Company's ’s interests; to serve as a director and an officer of the Company if when elected by the stockholders or Board; Board and, when elected by the stockholders, to serve as a director and of the Company; to serve as an officer of any corporation which is a subsidiary of the Company if elected by the stockholders or board of directors of such subsidiary corporation corporation; and to perform such duties (consistent with his status as set forth below in this Section 2) as may be assigned to him by the Board or by the Chief Executive Officer of the Company (the "CEO") or his designee”). During his term of full-time employment, the Executive shall not, directly or indirectly, without the prior consent of the members of the Board, acting unanimously, render any services to any other person, or acquire any interests of any type in any other person, in conflict with his full-time, exclusive position as Chief Financial Officer of the Company; provided, however, that nothing in this Agreement shall adversely affect the Executive’s ability to engage in activities, on a for-profit or not-for-profit basis, including, without limitation, membership on one or more boards of directors, so long as such activities do not during the Term of this Agreement materially interfere with the performance of the Executive’s duties to the Company as an employee or director, provided further, however, that without limiting the foregoing proviso, nothing in this Agreement shall not be deemed to prohibit the Executive from (a) acquiring, solely as an investment and through market purchases, securities of any entity which are registered under Section 12 of the Securities Exchange Act of 1934 and which are publicly traded so long as he is not part of any control group of such entity, (b) acquiring, solely as an investment, any securities of, or interests in, any other entity so long as he remains a passive investor in such entity and does not become part of any control group thereof and so long as such entity has no material business connection with the Company or any of its subsidiaries, (c) serving as a director of any other entity that is not in competition with the Company or any of its subsidiaries and which has no material business connection with the Company or any of its subsidiaries including any material connection as supplier or customer; , or (d) devoting such time and energy as the Executive deems appropriate consistent with his duties hereunder to the work of eleemosynary institutions of the Executive's ’s choosing.

Appears in 1 contract

Samples: Employment Agreement (Syratech Corp)

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