Employee Undertakings. 1.2.1 Employee accepts such employment and shall devote his full time, attention, and best efforts to the diligent performance of his duties herein specified and as an officer of the Bank. While employed by Employer, the Employee will not, without the prior express consent of the Chairman of the board of directors, accept employment with any other individual, corporation, partnership, governmental authority or other entity, or engage in any other venture for profit which Employer or the Bank Board may consider to be in conflict with the best interests of the Bank or to be in competition with the Bank, or which may interfere in any way with the Employee's performance of his duties hereunder. It is understood that Employee does have the right to participate in passive investments including income producing real estate that do not conflict with the interest of the Bank.
1.2.2 Employer shall not require the Employee, as a part of his duties, to perform or to participate in any activity which constitutes a violation of any state or federal law, rule, ordinance or regulation.
Employee Undertakings. 3.1 The Receiving Party shall obtain from any and all of its employees to whom the Confidential Information or any part of it is to be disclosed or to whom the Confidential Information may be accessible, enforceable undertakings which are binding upon those employees to the same extent as this Agreement is binding upon the Receiving Party.
3.2 The Disclosing Party shall not disclose any Confidential Information until any and all undertakings as described in sub-Clause 3.1 have been obtained by the Receiving Party.
Employee Undertakings. 4.1 Employee undertakes to fulfill his duties honestly, faithfully and loyally, and to devote to his work and to promote the Company's affairs all his energy, knowledge, time, expertise, and abilities.
4.2 During the term of employment under this Agreement, the Employee will not be entitled to engage, directly or indirectly, in any other work, including with the provision of any service for or without consideration, unless he has received the Company's prior written consent.
4.3 Except as stated in this Agreement, the Employee does not receive for his work any compensation or any benefit, from any other party, whether directly or indirectly.
4.4 Employee undertakes to inform the Company of any matter in which he may have an interest that may create a conflict of interest with his position in the Company or entities controlled by the Company or its shareholders.
4.5 Employee undertakes that during the term of his employment and thereafter, he will not assist in the filing of any civil action against the Company unless his assistance is required by law and he undertakes to reasonably assist the Company, at its request in any claim that the Company may be involved.
4.6 Employee undertakes to deliver to the Company any knowledge and information relating to the Company and/or which may be useful to the Company, not to remove, transfer or deliver information as aforesaid to any third party and not to use same for personal purposes and/or not in the performance of his role.
4.7 Employee undertakes to refrain from acts and/or omissions that could impair the Company's property and/or rights, its interests and/or good name and/or its reputation, and to take all necessary steps to avoid damage to the Company and to protect its property, rights, good name and reputation.
Employee Undertakings i) You agree to reaffirm and abide by your acknowledged fiduciary obligation to cooperate with the Company in the event of and in connection with matters relating to the Company including without limitation a restructuring (any business or capital restructuring), refinancing or sale of the Company or a significant interest therein (including but not limited to an actual or potential change of control) including, but not limited to, your obligations to:
(a) not disparage the Company or its assets to any third party;
(b) maintain your loyalty to the Company in all respects, including without limitation, compliance with Paragraph 13;
(c) provide full and complete active cooperation in working toward successful sale seasons and in otherwise assisting in promoting the Company; and
(d) fully assist with any transition with respect to any business or capital restructuring, refinancing or sale of the Company or a significant interest therein.
ii) For the period beginning on the date hereof and ending 24 months after the date hereof, you agree to refrain from any substantive discussions, meetings or communications of any kind whatsoever with any other potential employer, including, but not limited to, an art auction house, art dealer or any other company, organization or entity in which you would perform similar duties and responsibilities to those you have performed at Sotheby's, regarding prospective employment for yourself during the 24-month employment period. By entering into this Agreement, and agreeing to the special undertakings set forth herein, you agree that for this 24-month period you are knowingly and voluntarily foregoing the right to engage in such conduct in exchange for the consideration set forth herein, and you acknowledge the vital importance of these undertakings to the Company during this period.
Employee Undertakings. (a) Occupational Health and Safety and Environmental
Employee Undertakings. 1.2.1 Employee accepts such employment and shall devote his full time, attention, and best efforts to the diligent performance of his duties herein specified and as an officer and director of the Holding Company. While employed by Employer, the Employee will not, without the prior express consent of the Holding Company Board, accept employment with or serve on the Board of any other individual, corporation, partnership, governmental authority or other entity, or engage in any other venture for profit which Employer or the Holding Company Board may consider to be in conflict with the best interests of the Holding Company or to be in competition with the Holding Company, or which may interfere in any way with the Employee's performance of his duties hereunder. It is understood that Employee does have the right to participate in passive investments including income producing real estate that does not conflict with the interest of the banks or bank holding company.
1.2.2 Employer shall not require the Employee, as a part of his duties, to perform or to participate in any activity which constitutes a violation of any state or federal law, rule, ordinance or regulation.
Employee Undertakings. 1. For a period of one year after the Settlement Date, the Offeror shall, or shall cause the Group to, provide the employees of the Group (the “Company Employees”) with: (a) annual salary or hourly wage rates for each Company Employee that are no less than those provided by the Group to such Company Employee immediately prior to the Settlement Date and (b) employee benefits at such levels, and such costs to the Company Employees, that are, in the aggregate, no less favourable on a per-capita basis than such benefits (at such levels and such costs) provided under the employee benefit plans maintained by the Group immediately prior to the Settlement Date which (i) with respect to such plans maintained for the benefit of the Company Employees who provide services predominantly within the United States, are set out on Schedule 9.3.4(b) (such plans described in this clause (i), the “US Plans”), and (ii) with respect to such plans maintained for the benefit of Company Employees who provide services predominantly outside the United States, are in effect immediately prior to the Settlement Date (such plans described in this clause (ii), the “NonUS Plans,” and, collectively with the US Plans, the “Group Plans”); provided, however, that for purposes of determining the benefits to be provided pursuant to this paragraph 1(b), the Offeror shall not be required to take into account benefits provided under any material NonUS Plans that either (x) are not listed on a Schedule to be prepared by the Group no later than 15 business days after the date hereof, or (y) are listed on such Schedule, but the costs of such plans have not otherwise been included in the relevant financial statements or operating budgets of the Group, unless such listed NonUS Plans are otherwise approved by Offeror within 15 business days after receipt from the Group (such approval not to be unreasonably withheld). Notwithstanding any of the foregoing, the Offeror shall not be deemed to be in breach of its obligations under this paragraph 1 if the Offeror, at the Offeror’s option, changes the benefits it otherwise is required to provide hereunder to reflect one or more sets of amendments (which, for the avoidance of doubt, shall include the proposed freeze of the U.S. defined benefit pension plan and corresponding enhanced contributions to the U.S. defined contribution plan as contemplated under the Project Forward presentation furnished to the Offeror as a single set of amendments) to the benefit pro...
Employee Undertakings. 1.2.1 Employee accepts such employment and shall devote his full time, attention, and best efforts to the diligent performance of his duties herein specified and as an officer of the Bank. While employed by Employer, the Employee will not, without the prior express consent of the Chairman of the board of directors, accept employment with any other individual, corporation, partnership, governmental authority or other entity, or engage in any other venture for profit which Employer or the Bank Board may consider to be in conflict with the best interests of the Bank or to be in competition with the Bank, or which may interfere in any way with the Employee's performance of his duties hereunder. It is understood that Employee does have the right to participate in passive investments including income producing real estate that do not conflict with the interest of the Bank.
Employee Undertakings. The percentage increase given also recognises the employees contributions to savings, innovation and willingness to participate in change.
(a) The employees agree to a three year Enterprise Agreement.
(b) The pay week can be changed by mutual agreement of employees and employer.
(c) Agreed starting and finishing times to be strictly observed with no provision for walking and wash up time.
(d) All employees will accept the Company’s rehabilitation program. Employees to agree with, and participate in, the Company’s rehabilitation procedures and programs.
(e) The employees are willing to co-operate when altering the hours of work to suit the Company’s needs to run the operation
(f) Employees are willing to participate in change and work to achieve self managed work teams .
(g) Employees are to assist the Company with Occupational Health and Safety and Environmental compliance and Company safety improvement plans and programs as well as fully participating in such programs. No restriction to the placement or transfer of employees in the workplace (subject to skills) refusal to transfer may result in a rate reduction. Employees agree to maintain projected budgeted production volumes All employees contribute positively through consultative committees to achieve the following:
(i) The control of new and advanced production processes. (ii) Assist in the planned preventative maintenance program.
Employee Undertakings. 1.3.1 Employee accepts such employment and shall devote his full time, attention, and best efforts to the diligent performance of his duties herein specified and as an officer and director of the Bank and the Holding Company. While employed by Employer, the Employee will not, without the prior express consent of the Bank Board and the Holding Company Board (which consent shall not be unreasonably withheld) accept employment with any other individual, corporation, partnership, governmental authority or other entity, or engage in any other venture for profit which Employer or either Board may consider to be in conflict with the best interests of the Bank or the Holding Company or to be in competition with the Bank or the Holding Company, or which may interfere in any way with the Employee's performance of his duties hereunder. it is understood that Employee does have the right to participate in passive investments including income producing real estate.
1.3.2 Employer shall not require the Employee, as a part of his duties, to perform or to participate in any activity which constitutes a violation of any state or federal law, rule, ordinance or regulation.
