Common use of Duties of the Executive Clause in Contracts

Duties of the Executive. The Executive hereby agrees that during the Term of this Agreement his duties shall be as follows: A. To take all necessary actions to evaluate and resolve any and all claims made against the Company, including potential claims with respect to the ITI Sale Transaction or the Xxxxxx’x Nest Sale Transaction, or with respect to any of the Company’s assets or obligations, or with respect to any of its employees or agents; B. To see to the sale of all of the Company’s remaining assets; and C. To take all other actions as are needed to complete the orderly liquidation and wind up of the Company.

Appears in 4 contracts

Samples: Retention Incentive Agreement (Cerbco Inc), Retention Incentive Agreement (Insituform East Inc), Retention Incentive Agreement (Insituform East Inc)

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Duties of the Executive. The Executive hereby agrees that during the Term of this Agreement his duties shall be as follows: A. To take all necessary actions to evaluate and resolve any and all claims made against the Company, including potential claims with respect to the ITI Sale Transaction or the Xxxxxx’x Nest Sale Transaction, or with respect to any of the Company’s assets or obligations, or with respect to any of its employees or agents; B. To see to the sale or liquidation of all of the Company’s remaining assets; and C. To take all other actions as are needed to complete the orderly liquidation and wind up of the Company.

Appears in 3 contracts

Samples: Retention Incentive Agreement, Retention Incentive Agreement (Cerbco Inc), Retention Incentive Agreement (Inei Corp)

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