Duties of the Executive. During the Employment Period, the Executive shall serve as President and CEO of the Company and shall have powers and authority superior to any other officer or employee of the Company or of any subsidiary of the Company. The Executive shall be required to report solely to, and shall be subject solely to the supervision and direction of, the Board at duly called meetings thereof and no other person or group shall be given authority to supervise or direct the Executive in the performance of his duties. During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote a majority of his attention and business time during normal business hours to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder as a senior executive officer involved with the general management of the Company, to use the Executive's reasonable best efforts to perform faithfully and efficiently such responsibilities. During the Employment Period it shall not be a violation of this Agreement for the Executive to (i) serve on corporate, civic or charitable boards or committees; (ii) deliver lectures, fulfill speaking engagements or teach at educational institutions; or (iii) manage personal investments and engage in other business activities, so long as such activities do not significantly interfere with the performance of the Executive's responsibilities as an employee of the Company in accordance with this Agreement. It is expressly understood and agreed that to the extent that any such activities have been conducted by the Executive prior to the date hereof, the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the date hereof shall not thereafter be deemed to interfere with the performance of the Executive's responsibilities to the Company.
Appears in 1 contract
Duties of the Executive. During The Executive shall be the Employment PeriodChief Executive Officer and President of the Company and shall report directly to the Chairman of the Board of Directors. The duties of employment shall generally include those required for the day-to-day and longer-term planning, development, operation and advancement of the business of the Company, and such additional executive and financial administrative and operational duties of a character keeping with the Executive's position as Chief Executive Officer and President of the Company as may from time-to-time be assigned to the Executive by the Board of Directors of the Company. As Chief Executive Officer of the Board and President of the Company, the Executive shall serve as President and CEO be in complete charge of the operations of the Company and shall have powers full authority and authority superior responsibility, subject to any other officer or employee the general direction and control of the Board of Directors of the Company, for formulating policies and administering the affairs of the Company or of any subsidiary of the Company. The Executive shall be required to report solely toin all respects, and shall be subject solely to the supervision and direction of, the Board at duly called meetings thereof and no other person or group shall be given authority to supervise or direct the Executive in the performance of his dutiesprovisions hereinafter contained. During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote a majority of his reasonable and appropriate attention and business time during normal business hours to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder as a senior executive officer involved with the general management of the Companyhereunder, and to diligently use the Executive's reasonable his best efforts to perform faithfully and efficiently such responsibilitiesresponsibilities and to promote and further the reputation and good name of the Company. During the Employment Period it shall not be a violation of this Agreement for the Executive to (iA) serve on corporate, civic or charitable boards or committees; (ii) deliver lectures, fulfill speaking engagements or teach at educational institutions; or (iiiB) manage personal investments and engage in other business activitiesinvestments, so long as provided that such activities do not significantly interfere with the performance of the Executive's responsibilities as an employee of the Company in accordance with this Agreement. It is expressly understood and agreed that to the extent that any such activities have been conducted by the Executive prior to the date hereof, the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the date hereof shall not thereafter be deemed to interfere with the performance of the Executive's responsibilities to the Company.
Appears in 1 contract
Duties of the Executive. During the Employment Period, the Executive shall serve as Executive Vice President - Corporate Development and CEO of the Company and shall have powers and authority superior to any other officer or employee of the Company or of any subsidiary General Counsel of the Company. The Executive shall be required to responsible for the legal affairs of, and new business activities for, the Company and shall supervise and direct the activities of the Legal and Business Development departments of the Company. The Executive shall report solely to, and shall be subject solely to the supervision and direction of, the Board at duly called meetings thereof and no other person or group shall be given authority to supervise or direct the Executive in the performance of his dutiesCompany's President. During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote a majority substantially all of his attention and business time during normal business hours to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder as a senior executive officer involved with in the general management of the Company, to use the Executive's reasonable best efforts to perform faithfully and efficiently such responsibilities. During the Employment Period it shall not be a violation of this Agreement for the Executive to (i) serve on corporate, civic or charitable boards or committees; (ii) deliver lectures, fulfill speaking engagements or teach at educational institutions; or (iii) manage personal investments and engage in other business activities, so long as such activities do not significantly interfere with the performance of the Executive's responsibilities as an employee of the Company in accordance with this Agreement. It is expressly understood and agreed that to the extent that any such activities have been conducted by the Executive prior to the date hereof, the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the date hereof shall not thereafter be deemed to interfere with the performance of the Executive's responsibilities to the Company.
Appears in 1 contract
Duties of the Executive. During the Employment Period, the Executive shall serve as President and CEO of the Company and shall have powers and authority superior to any other officer or employee of the Company or of any subsidiary of the Company. The Executive shall be required to report solely to, and shall be subject solely to the supervision and direction of, the Board at duly called meetings thereof and no other person or group shall be given authority to supervise or direct the Chief Executive in the performance of his dutiesOfficer. During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote a majority substantially all of his attention and business time during normal business hours to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder as a senior executive officer involved with the general management of the Company, to use the Executive's reasonable best efforts to perform faithfully and efficiently such responsibilities. During the Employment Period it shall not be a violation of this Agreement for the Executive to (i) serve on corporate, civic or charitable boards or committees; (ii) deliver lectures, fulfill speaking engagements or teach at educational institutions; or (iii) manage personal investments and engage in other business activities, so long as such activities do not significantly interfere with the performance of the Executive's responsibilities as an employee of the Company in accordance with this Agreement. It is expressly understood and agreed that to the extent that any such activities have been conducted by the Executive prior to the date hereof, the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the date hereof shall not thereafter be deemed to interfere with the performance of the Executive's responsibilities to the Company.
Appears in 1 contract
Duties of the Executive. During the Employment Period, the Executive shall serve as President and CEO of the Company and shall have powers and authority superior to any other officer or employee of the Company or of any subsidiary of the Company. The Executive shall be required to report solely to, and shall be subject solely to the supervision and direction of, the Board at duly called meetings thereof and no other person or group shall be given authority to supervise or direct the Executive in the performance of his duties. During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote a majority substantially all of his attention and business time during normal business hours to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder as a senior executive officer involved with the general management of the Company, to use the Executive's reasonable best efforts to perform faithfully and efficiently such responsibilities. During the Employment Period it shall not be a violation of this Agreement for the Executive to (i) serve on corporate, civic or charitable boards or committees; (ii) deliver lectures, fulfill speaking engagements or teach at educational institutions; or (iii) manage personal investments and engage in other business activities, so long as such activities do not significantly interfere with the performance of the Executive's responsibilities as an employee of the Company in accordance with this Agreement. It is expressly understood and agreed that to the extent that any such activities have been conducted by the Executive prior to the date hereof, the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the date hereof shall not thereafter be deemed to interfere with the performance of the Executive's responsibilities to the Company.
Appears in 1 contract
Samples: Employment Agreement (Orex Corp)
Duties of the Executive. During the Employment Period, the Executive shall serve as President and CEO Chief Executive Officer of the Company and shall have powers and authority superior to any other officer or employee of the Company or of any subsidiary of the Company. The Executive shall be required to report solely to, and shall be subject solely to the supervision and direction of, the Board of Directors of the Company (the "Board") at duly called meetings thereof and no other person or group shall be given authority to supervise or direct the Executive in the performance of his dutiesthereof. During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote a majority substantially all of his attention and business time during normal business hours to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder as a senior executive officer involved with the general management of the Company, to use the Executive's reasonable best efforts to perform faithfully and efficiently such responsibilities. During the Employment Period Period, it shall not be a violation of this Agreement for the Executive to (i) serve on corporate, civic or charitable boards or committees; (ii) deliver lectures, fulfill speaking engagements or teach at educational institutions; or (iii) manage personal investments and engage in other business activities, so long as such activities do not significantly interfere with the performance of the Executive's responsibilities as an employee of the Company in accordance with this Agreement. It is expressly understood and agreed that to the extent that any such activities have been conducted by the Executive prior to the date hereof, the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the date hereof shall not thereafter be deemed to interfere with the performance of the Executive's responsibilities to the Company.
Appears in 1 contract
Duties of the Executive. During the Employment Period, the Executive shall serve as President and CEO Vice-President/Secretary of the Company and shall have powers and authority superior to any other officer or employee of the Company or of any subsidiary of the Companydeemed appropriate for that position. The Executive shall be required to report solely to, to the President and shall be subject solely to the supervision and direction of, the Board at duly called meetings thereof and no other person or group shall be given authority to supervise or direct the Executive in the performance of his duties. During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote a majority substantially all of his attention and business time during normal business hours to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder as a senior executive officer involved with the general management of the Company, to use the Executive's reasonable best efforts to perform faithfully and efficiently such responsibilities. During the Employment Period it shall not be a violation of this Agreement for the Executive to (i) serve on corporate, civic or charitable boards or committees; (ii) deliver lectures, fulfill speaking engagements or teach at educational institutions; or (iii) manage personal investments and engage in other business activities, so long as such activities do not significantly interfere with the performance of the Executive's responsibilities as an employee of the Company in accordance with this Agreement. It is expressly understood and agreed that to the extent that any such activities have been conducted by the Executive prior to the date hereof, the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the date hereof shall not thereafter be deemed to interfere with the performance of the Executive's responsibilities to the Company.
Appears in 1 contract
Samples: Employment Agreement (Orex Corp)