Employee’s Duties. During the Term, Employee shall serve as the Chief Executive Officer and President of the Company, with such customary duties and responsibilities as may from time to time be assigned to him by the Board, provided that such duties are at all times consistent with the duties of such positions. Employee shall report directly to the Board. All other employees of the Company shall report to Employee. Employee agrees to devote his full attention and time during normal business hours to the business and affairs of the Company and to use reasonable best efforts to perform faithfully and efficiently such duties and responsibilities. Notwithstanding the foregoing, during the Term Employee may engage in the following activities so long as they do not interfere in any material respect with the performance of Employee's duties and responsibilities hereunder: (i) serve on corporate, civic or charitable boards or committees, (ii) deliver lectures, fulfill speaking engagements or teach on a part-time basis at educational institutions, and (iii) manage his personal investments; provided, however, in no event shall the conduct of any of such activities by Employee be deemed to materially interfere with Employee's duties hereunder until Employee has been notified in writing thereof by the Board and given a reasonable period in which to cure such interference. The Company agrees to use its reasonable best efforts to cause Employee to be elected or appointed, or re-elected or re-appointed, as a director of the Company at all times during the Term.
Appears in 3 contracts
Samples: Employment Agreement (Ocean Energy Inc), Agreement and Plan of Merger (Ocean Energy Inc), Agreement and Plan of Merger (United Meridian Corp)
Employee’s Duties. During the Term, Employee shall serve as the Chief Executive Officer Vice President, General Counsel and President Secretary of the Company, with such customary duties and responsibilities as may from time to time be assigned to him by the BoardCompany or the Chief Executive Officer, provided that such duties are at all times consistent with the duties of such positionsposition. Employee shall report directly to the Board. All other employees of the Company shall report to EmployeeChief Executive Officer. Employee agrees to devote his full attention and time during normal business hours to the business and affairs serve without additional compensation, if elected or appointed thereto, in one or more offices or a director of any of Company’s subsidiaries. For purposes of this Agreement, a “Subsidiary” shall mean any entity in which Company owns a majority of the Company and to use reasonable best efforts to perform faithfully and efficiently voting stock of the class of securities (or other interests in the case of a limited liability company or partnership) that may vote in the election of the members of the governing body of such duties and responsibilitiesentity. Notwithstanding the foregoing, during the Term Term, Employee may engage in the following activities so long as they do not interfere in any material respect with the performance of Employee's ’s duties and responsibilities hereunder: (i) serve on corporate, civic or charitable boards or committees, (ii) deliver lectures, fulfill speaking engagements or teach on a part-time basis at educational institutionsinstitutions but not more than 20 hours per month, and (iii) manage his personal investments; provided, however, that in no event shall the conduct of any of such activities by Employee be deemed to materially interfere with Employee's ’s duties hereunder until Employee has been notified in writing thereof by the Board Chief Executive Officer and given a reasonable period in which to cure such interference. The In addition, Employee shall be permitted to manage his personal investments provided that such management shall not interfere in any material respect with the performance of Employee’s duties and responsibilities hereunder or violate Company’s conflicts policy as in effect from time to time. Notwithstanding the foregoing, Company agrees to use its reasonable best efforts to cause Employee to be elected or appointed, or re-elected or re-appointedthat Employee’s management of his current personal investments, as a director of disclosed to Company prior to the Company at all times during the TermEffective Date, shall not be deemed to materially interfere with his duties hereunder.
Appears in 2 contracts
Samples: Employment Agreement (Plains Exploration & Production Co), Employment Agreement (Plains Exploration & Production Co)
Employee’s Duties. During the Term, Employee shall serve as the Chief Executive Officer and President Vice President–Exploration & Production of the Company, with such customary duties and responsibilities as may from time to time be assigned to him by the BoardCompany or the Chief Executive Officer, provided that such duties are at all times consistent with the duties of such positionsposition. Employee shall report directly to the Board. All other employees of the Company shall report to EmployeeChief Executive Officer. Employee agrees to devote his full attention and time during normal business hours to the business and affairs serve without additional compensation, if elected or appointed thereto, in one or more offices or a director of any of Company’s subsidiaries. For purposes of this Agreement, a “Subsidiary” shall mean any entity in which Company owns a majority of the Company and to use reasonable best efforts to perform faithfully and efficiently voting stock of the class of securities (or other interests in the case of a limited liability company or partnership) that may vote in the election of the members of the governing body of such duties and responsibilitiesentity. Notwithstanding the foregoing, during the Term Term, Employee may engage in the following activities so long as they do not interfere in any material respect with the performance of Employee's ’s duties and responsibilities hereunder: (i) serve on corporate, civic or charitable boards or committees, (ii) deliver lectures, fulfill speaking engagements or teach on a part-time basis at educational institutionsinstitutions but not more than 20 hours per month, and (iii) manage his personal investments; provided, however, that in no event shall the conduct of any of such activities by Employee be deemed to materially interfere with Employee's ’s duties hereunder until Employee has been notified in writing thereof by the Board Chief Executive Officer and given a reasonable period in which to cure such interference. The In addition, Employee shall be permitted to manage his personal investments provided that such management shall not interfere in any material respect with the performance of Employee’s duties and responsibilities hereunder or violate Company’s conflicts policy as in effect from time to time. Notwithstanding the foregoing, Company agrees to use its reasonable best efforts to cause Employee to be elected or appointed, or re-elected or re-appointedthat Employee’s management of his current personal investments, as a director of disclosed to Company prior to the Company at all times during the TermEffective Date, shall not be deemed to materially interfere with his duties hereunder.
Appears in 2 contracts
Samples: Employment Agreement (Plains Exploration & Production Co), Employment Agreement (Plains Exploration & Production Co)
Employee’s Duties. During the Term, Employee shall serve as the Executive Vice President & Chief Executive Financial Officer and President of the Company, with such customary duties and responsibilities as may from time to time be assigned to him by the BoardCompany or the Chief Executive Officer, provided that such duties are at all times consistent with the duties of such positionsposition. Employee shall report directly to the Board. All other employees of the Company shall report to EmployeeChief Executive Officer. Employee agrees to devote his full attention and time during normal business hours to the business and affairs serve without additional compensation, if elected or appointed thereto, in one or more offices or a director of any of Company’s subsidiaries. For purposes of this Agreement, a “Subsidiary” shall mean any entity in which Company owns a majority of the Company and to use reasonable best efforts to perform faithfully and efficiently voting stock of the class of securities (or other interests in the case of a limited liability company or partnership) that may vote in the election of the members of the governing body of such duties and responsibilitiesentity. Notwithstanding the foregoing, during the Term Term, Employee may engage in the following activities so long as they do not interfere in any material respect with the performance of Employee's ’s duties and responsibilities hereunder: (i) serve on corporate, civic or charitable boards or committees, (ii) deliver lectures, fulfill speaking engagements or teach on a part-time basis at educational institutionsinstitutions but not more than 20 hours per month, and (iii) manage his personal investments; provided, however, that in no event shall the conduct of any of such activities by Employee be deemed to materially interfere with Employee's ’s duties hereunder until Employee has been notified in writing thereof by the Board Chief Executive Officer and given a reasonable period in which to cure such interference. The In addition, Employee shall be permitted to manage his personal investments provided that such management shall not interfere in any material respect with the performance of Employee’s duties and responsibilities hereunder or violate Company’s conflicts policy as in effect from time to time. Notwithstanding the foregoing, Company agrees to use its reasonable best efforts to cause Employee to be elected or appointed, or re-elected or re-appointedthat Employee’s management of his current personal investments, as a director of disclosed to Company prior to the Company at all times during the TermEffective Date, shall not be deemed to materially interfere with his duties hereunder.
Appears in 2 contracts
Samples: Employment Agreement (Plains Exploration & Production Co), Employment Agreement (Plains Exploration & Production Co)
Employee’s Duties. During the Term, Employee shall serve as the Chief Executive Officer and President of the Company, with such customary duties and responsibilities as may from time to time be assigned to him by the Board, provided that such duties are at all times consistent with the duties of such positions. Employee shall report directly to the Board. All other employees of the Company shall report to Employee. Employee agrees to devote his full attention and time during normal business hours to the business and affairs of the Company and to use reasonable best efforts to perform faithfully and efficiently such duties and responsibilities. Notwithstanding the foregoing, during the Term Employee may engage in the following activities so long as they do not interfere in any material respect with the performance of Employee's duties and responsibilities hereunder: (i) serve on corporate, civic or charitable boards or committees, (ii) deliver lectures, fulfill speaking engagements or teach on a part-time basis at educational institutions, and (iii) manage his personal investments; provided, however, in no event shall the conduct of any of such activities by 89 Employee be deemed to materially interfere with Employee's duties hereunder until Employee has been notified in writing thereof by the Board and given a reasonable period in which to cure such interference. The Company agrees to use its reasonable best efforts to cause Employee to be elected or appointed, or re-elected or re-appointed, as a director of the Company at all times during the Term.
Appears in 1 contract