Common use of Duties; Obligations to the Company Clause in Contracts

Duties; Obligations to the Company. During the Employment Term, Executive shall devote his full business efforts and time to the Company and the Company will be entitled to all of the benefits and profits arising from or incident to all such work services and advice. Executive shall be responsible for performing the business and professional services typically performed by a vice president and chief financial officer of any company, or as may reasonably be assigned to him by the Chairman of the Board and Chief Executive Officer. Executive agrees not to render commercial or professional services of any nature to any person or organization, whether or not for compensation, during the Employment Term without advance written approval of the Board, and Executive will not directly or indirectly engage or participate during the Employment Term in any business that is competitive in any manner with the Company's business; provided, however, that this shall not preclude Executive from owning up to two percent (2%) of the outstanding equity securities of a corporation whose stock is listed on a national stock exchange or the Nasdaq.

Appears in 1 contract

Samples: Employment Agreement (Stillwater Mining Co /De/)

AutoNDA by SimpleDocs

Duties; Obligations to the Company. During the Employment Term, Executive shall devote his full business efforts and time to the Company and the Company will be entitled to all of the benefits and profits arising from or incident to all such work services and advice. Executive shall be responsible for performing the business and professional services typically performed by a vice president and the chief financial executive officer of any company, or as may reasonably be assigned to him by the Chairman Board, subject to the general and customary supervision of the Board and Chief Executive OfficerBoard. Executive agrees not to render commercial or professional services of any nature to any person or organization, whether or not for compensation, during the Employment Term without advance written approval of the Board, and Executive will not directly or indirectly engage or participate during the Employment Term in any business that is competitive in any manner with the Company's business; provided, however, that this shall not preclude Executive from owning up to two percent (2%) of the outstanding equity securities of a corporation whose stock is listed on a national stock exchange or the Nasdaq.

Appears in 1 contract

Samples: Employment Agreement (Stillwater Mining Co /De/)

Duties; Obligations to the Company. During the Employment Term, Executive shall devote his full business efforts and time to the Company and the Company will be entitled to all of the benefits and profits arising from or incident to all such work services and advice. Executive shall be responsible for performing the business and professional services typically performed by a an executive vice president and chief financial operating officer of any company, or as may reasonably be assigned to him by the Chairman of the Board and Chief Executive Officer. Executive agrees not to render commercial or professional services of any nature to any person or organization, whether or not for compensation, during the Employment Term without advance written approval of the Board, and Executive will not directly or indirectly engage or participate during the Employment Term in any business that is competitive in any manner with the Company's business; provided, however, that this shall not preclude Executive from owning up to two percent (2%) of the outstanding equity securities of a corporation whose stock is listed on a national stock exchange or the Nasdaq.

Appears in 1 contract

Samples: Employment Agreement (Stillwater Mining Co /De/)

Duties; Obligations to the Company. During the Employment Term, Executive shall devote his full business efforts and time to the Company and the Company will be entitled to all of the benefits and profits arising from or incident to all such work services and advice. Executive shall be responsible for performing the business and professional services typically performed by a an executive vice president and chief financial operating officer of any company, or as may reasonably be assigned to him by the Chairman of the Board and Chief Executive Officer. Executive agrees not to render commercial or professional services of any nature to any person or organization, whether or not for compensation, during the Employment Term without advance written approval of the Board, and Executive will not directly or indirectly engage or participate during the Employment Term in any business that is competitive in any manner with the Company's ’s business; provided, however, that this shall not preclude Executive from owning up to two percent (2%) of the outstanding equity securities of a corporation whose stock is listed on a national stock exchange or the Nasdaq.

Appears in 1 contract

Samples: Employment Agreement (Stillwater Mining Co /De/)

AutoNDA by SimpleDocs

Duties; Obligations to the Company. During the Employment Term, Executive shall devote his full business efforts and time to the Company and the Company will be entitled to all of the benefits and profits arising from or incident to all such work services and advice. Executive shall be responsible for performing the business and professional services typically performed by a vice president and the chief financial executive officer of any company, or as may reasonably be assigned to him by the Chairman Board, subject to the general and customary supervision of the Board and Chief Executive OfficerBoard. Executive agrees not to render commercial or professional services of any nature to any person or organization, whether or not for compensation, during the Employment Term without advance written approval of the Board, and Executive will not directly or indirectly engage or participate during the Employment Term in any business that is competitive in any manner with the Company's business; provided, however, that this shall not preclude Executive from owning up to two percent (2%) of the outstanding equity securities of a corporation whose stock is listed on a national stock exchange or the NasdaqNASDAQ.

Appears in 1 contract

Samples: Employment Agreement (Stillwater Mining Co /De/)

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