Employment and Duties of Executive Sample Clauses

Employment and Duties of Executive. On the terms and subject to the conditions hereinafter set forth, and beginning as of the Effective Date, the Company employs Executive as its President, Chief Executive Officer and interim-Chief Financial Officer and the Executive will serve as the Company’s employee in that position. Executive shall also have such additional powers, authority, functions, duties, and responsibilities as may be reasonably assigned to him, from time to time, by the Board of Directors of the Company (the “Board”).
Sample 1See All (8)
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Employment and Duties of Executive. 2.1 The Company employs the Executive and the Executive will serve the Company in the Position and in any additional or substituted employment as may be agreed in writing by the parties. 2.2 The Executive will be responsible to the Directors. 2.3 The Executive agrees to faithfully and diligently perform the Duties and exercise the powers, consistent with the Position: (a) as set out in Schedule 1; (b) as from time to time may be reasonably assigned to or vested in the Executive by the Directors; (c) subject to clause 9, in Sydney, unless otherwise agreed with the Directors; (d) on behalf of any Group Company as if they were Duties to be performed on behalf of the Company, as may reasonably be required by the Directors from time to time. 2.4 The Executive undertakes that, subject to clauses 2.5, 2.6 and 2.7, be will not at any time during the period of Employment without the consent in writing of the Investor hold any position for monetary or other reward which conflicts with the Executive’s performance of the Duties. 2.5 The Executive is not prevented from reasonable involvement in any professional or educational activity or body. 2.6 Nothing in clause 2.4 prevents the Executive from: (a) holding for investment purposes only, marketable securities quoted at the time of acquisition on a recognised stock exchange in Australia or elsewhere being collectively not more than 5% of the issued share capital of the listed company; or (b) being interested in a company, a firm or a business: (i) if that interest has been disclosed in writing to the Investor prior to the Commencement Date; or (ii) with the prior approval of a majority of the board of directors of the Company (including at least one director appointed by the Investor), such approval not to be unreasonably withheld, having regard to the business interests of the Group and subject always to the majority of such board being satisfied that the Executive will continue to be able to satisfy fully his obligations under this Agreement; or (iii) with the prior written consent of the Investor. 2.7 The Executive agrees to devote all of his time, attention, and skills during business hours of the Company (which shall be 40 hours per week) and at such other times as may be reasonably necessary for the proper performance of the Duties (the “Additional Hours”), without payment of additional remuneration, to: (a) the business of the Company; and (b) the performance of the Executive’s Duties, unless prevented by ill-he...
Sample 1
Employment and Duties of Executive. On the terms and subjects to the conditions hereinafter set forth, and beginning as of the Effective Date, the Company employs Executive as its Executive Vice President/Chief Financial Officer/Secretary/Treasurer, and the Executive will serve as the Company's employee in that position. Additionally, Executive shall serve as Executive Vice President/Chief Financial Officer/Secretary/Treasurer of the Company's subsidiaries: (i) Excalibur Steel, Inc., an Oklahoma corporation, (ii) Excalibur Services, Inc., an Oklahoma corporation, and (iii) Excalibur Aerospace, Inc., an Oklahoma corporation. Executive shall perform such duties, and have such power, authority, functions, and responsibilities for the Company and corporations affiliated with the Company as are commensurate and consistent with his employment as the Company's Executive Vice President/Chief Financial Officer/Secretary/Treasurer. Executive shall also have such additional powers, authority, functions, duties, and responsibilities as may be assigned to him by the President/Chief Executive Officer and/or by the Board of Directors of the Company (the "Board"). Executive shall report to the President/Chief Executive Officer. Additionally, if Executive is serving as a member of the Board, then at any such time, any and all references in this Agreement to the Board or to decisions to be made by or at the discretion or judgment of the Board shall be interpreted to mean that Executive shall NOT take part in any such decision or the deliberations related thereto in his capacity as a member of the Board.
Sample 1
Employment and Duties of Executive. (a) Executive shall serve in the capacity of Chairman of the Board of the Company ("Chairman"), and shall be subject to supervision by the Board of Directors of the Company. In such capacity, Executive shall have all powers granted by the Bylaws of the Company to the Chairman and Executive shall report to the Board of Directors of the Company. For so long as Executive serves as Chairman of the Company, the Company shall nominate and support the election of Executive as a member of the Board of Directors of the Company. (b) While the Company employs Executive, Executive shall devote such time and effort as are necessary for the performance of his duties and responsibilities as Chairman of the Company. It is the expectation of the parties that during the 2002 calendar year Executive shall devote substantially all his business time and effort to his duties and responsibilities as Chairman and a lesser amount of time thereafter. Notwithstanding the foregoing, Executive may spend reasonable amounts of time on personal civic and charitable activities that do not interfere with the performance of his duties and responsibilities to the Company. In addition, Executive may, subject to prior approval by the Board of Directors of the Company, spend reasonable amounts of time serving as an independent director for other companies, provided that such service does not, in the reasonable discretion of the Board of Directors of the Company, constitute or create a conflict of interest. (c) Executive shall observe and comply with the written rules and regulations of the Company respecting its business and shall carry out and perform the directives and policies of the Company as the Board of Directors may from time to time state them to Executive in writing.
Sample 1
Employment and Duties of Executive. On the terms and subjects to the conditions hereinafter set forth, and beginning as of the Effective Date, the Company employs Executive as its Chief Operating Officer, and the Executive will serve as the Company's employee in that position. Additionally, Executive shall serve as Chief Operating Officer of the Company's subsidiaries: (i) Excalibur Steel, Inc., an Oklahoma corporation and (ii) Excalibur Services, Inc., an Oklahoma corporation. Executive shall perform such duties, and have such power, authority, functions, and responsibilities for the Company and corporations affiliated with the Company as are commensurate and consistent with his employment as the Company's Chief Operating Officer. Executive shall also have such additional powers, authority, functions, duties, and responsibilities as may be assigned to him by the President and Chief Executive Officer, and/or by the Board of Directors of the Company (the "Board"). Executive shall report to the President and Chief Executive Officer. Additionally, if Executive is serving as a member of the Board, then at any such time, any and all references in this Agreement to the Board or to decisions to be made by or at the discretion or judgment of the Board shall be interpreted to mean that Executive shall NOT take part in any such decision or the deliberations related thereto in his capacity as a member of the Board.
Sample 1
Employment and Duties of Executive. 2.1 The Company employs the Executive and the Executive will serve the Company in the Position and in any additional or substituted employment as may be agreed in writing by the parties. 2.2 The Executive will be responsible to the Chief Executive Officer. 2.3 The Executive agrees to faithfully and diligently perform the Duties and exercise the powers, consistent with the Position: (a) as set out in Schedule 1; (b) as from time to time may be reasonably assigned to or vested in the Executive by the Chief Executive Officer; (c) subject to clause 9, in Sydney, unless otherwise agreed with the Chief Executive Officer; (d) on behalf of any Group Company as if they were Duties to be performed on behalf of the Company, as may reasonably be required by the Chief Executive Officer from time to time. 2.4 The Executive undertakes that, subject to clauses 2.5, 2.6 and 2.7, he will not at any time during the period of Employment without the consent in writing of the Chief Executive Officer hold any position for monetary or other reward which conflicts with the Executive’s performance of the Duties. 2.5 The Executive is not prevented from reasonable involvement in any professional or educational activity or body.
Sample 1
Employment and Duties of Executive. On the terms and subject to the conditions set forth in this Agreement, Tanox employs Executive as its President and Chief Executive Officer. Executive shall perform such duties, and have such power, authority, functions, and responsibilities for Tanox, as are commensurate and consistent with this position. Executive shall also have such additional powers, authority, functions, duties, and responsibilities as may be assigned, from time to time, by the Board. Executive shall report to the whole Board or its designee.
Sample 1
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Employment and Duties of Executive. On the terms and subjects to the conditions hereinafter set forth, and beginning as of the Effective Date, the Company employs Executive as its Vice President of Operations, and the Executive will serve as the Company's employee in that position. Executive shall perform such duties, and have such power, authority, functions, and responsibilities for the Company and corporations and/or other entities affiliated with the Company (e.g., Excalibur Services, Inc., an Oklahoma corporation, Excalibur Aerospace, Inc., an Oklahoma corporation, and Excalibur Steel, Inc., an Oklahoma corporation) as are commensurate and consistent with his employment as the Company's Vice President of Operations. Executive shall also have such additional powers, authority, functions, duties, and responsibilities as may be assigned to him, from time to time, by the President/Chief Executive Officer, the Chief Operating Officer, and/or by the Board of Directors of the Company (the "Board"). Executive shall report to the Chief Operating Officer.
Sample 1
Employment and Duties of Executive 
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Related to Employment and Duties of Executive

  • Employment and Duties The Employee is hereby employed as Chief Executive Officer and President of the Bank and shall have all such authority, powers, duties, and responsibilities as may be given to the Employee from time to time by the Bank’s Board of Directors. The Employee shall devote substantially all of the Employee’s working time and efforts to the affairs of the Bank and will at all times faithfully, industriously, loyally, and to the best of the Employee’s ability, experience, and talents, perform all of the lawful duties that may be required of and from him pursuant to the terms of this Agreement. The Employee agrees to be physically present in Sioux Falls, South Dakota to perform his job duties during the Monday to Friday workweek, subject to required business travel and the Bank’s PTO policy. Travel and lodging expenses incurred by the Employee commuting weekly from his residence in Minnesota shall be reimbursed in an amount not to exceed $3,500.00 per month. Such reimbursed amounts may be taxable to Employee as income. Exhibit A to this Agreement provides a list of those material outside positions, investments, and activities presently engaged in by the Employee. The Employee’s ongoing participation in these outside interests is permitted so long as such interests individually or in the aggregate do not conflict or interfere with the performance of the Employee’s duties, violate any applicable laws or regulations, or involve activities contrary to the best interests of the Bank. The Employee’s participation in any other material outside interests, including without limitation service on any outside Board of Directors, is subject to prior approval by the Chair of the Board of Directors of the Bank in consultation with the Board.

  • Duties of Executive Subject to the approvals by and the ultimate supervision of the Board, Executive during the term hereof shall serve as Employer’s Chairman of the Board, President and Chief Executive Officer. Subject to the control of the Board, Executive shall have the responsibilities commensurate with Executive’s title and as otherwise provided in Employer’s bylaws and other governing documents, but in any event, construed in a manner generally consistent with the responsibilities of Executive that existed immediately prior to the Effective Date. During the period of employment hereunder, Executive shall devote to the business of Employer substantially the same amount of Executive’s time and efforts that Executive devoted to the business of Employer prior to the Effective Date; provided, however, that this Section shall not be construed as preventing Executive from investing Executive’s personal assets in business ventures that do not compete with Employer or Employer’s Affiliates (as hereinafter defined) or are not otherwise prohibited by this Agreement, and spending reasonable amounts of personal time in the management thereof. Employer acknowledges that Executive owns a material ownership interest in HealthTronics, Inc., a Delaware corporation (“HTRN”), and that Executive serves as a director and may serve as an officer of HTRN. Employer agrees that Executive may continue to serve HTRN in such capacities and devote Executive’s time and efforts to such service in a manner generally consistent with the time and efforts devoted by Executive prior to the Effective Date. Consistent with the foregoing, Executive shall use Executive’s best efforts to promote the interests of Employer and Employer’s Affiliates, and to preserve their goodwill with respect to their employees, customers, suppliers and other persons having business relations with Employer. Executive agrees to accept and hold all such offices and/or directorships with Employer and Employer’s Affiliates as to which Executive may, from time to time, be elected. For purposes of this Agreement, Employer’s subsidiaries, parent companies and other affiliates are collectively referred to as “Affiliates.”

  • Employment Term and Duties 2.1 The Employer hereby agrees to employ the Executive, and the Executive hereby agrees to be employed by the Employer, upon the terms and conditions set forth in this Agreement. 2.2 Subject to the provisions of Clause 5, the initial term of the Executive’s employment under this Agreement will be 3 years, commencing on the Commencement Date. After the end of the initial 3 year term, the Executive’s employment under this Agreement will continue automatically until terminated by either Party giving to the other Party between 90 and 120 days’ written notice of termination prior to the next anniversary of this Agreement that such Party does not wish to extend Executive’s employment. 2.3 The Executive will serve as President and Chief Executive Officer of the Employer. The Executive will use his best efforts to promote the success of the Employer’s business, and will cooperate fully with the Board in the advancement of the best interests of the Employer. 2.4 The Executive will perform his duties hereunder based at Houston, Texas, subject to reasonable travel. 2.5 The Executive will be entitled to indemnification from the Employer to the maximum extent provided in the limited liability company agreement of Employer, as in effect on the Commencement Date, for acting as an officer or director or other representative of the Employer or its Affiliates when acting on behalf of the Employer or its Affiliates, as set forth therein. Executive will be provided with directors and officers liability insurance to the same extent as that provided to other officers and directors of the Employer and its Affiliates.

  • Duties of Employment Faculty Member agrees to perform the teaching, service, and research duties and responsibilities set forth in the written statement attached to this Agreement as Appendix “A” and incorporated herein by reference. Faculty Member and UNMC agree that Appendix A shall be periodically reviewed and revised as appropriate in accordance with Sections 3.4.4, 4.1, 4.2, and 4.3 of the Bylaws.

  • Employment Terms and Duties (a) The Corporation hereby agrees to employ the Executive and the Executive agrees to work for the Corporation as its President; as such, he will be responsible for the overall management of the Corporation's business. The Executive shall serve as and perform the duties of President of the Corporation during the Term (defined hereinafter) of this Agreement. The Executive shall upon commencement of employment be elected to the Corporation's Board of Directors. The Board of Directors shall, within a reasonable period of time in its judgment, and the best interests of the Executive and the Corporation, appoint the Executive Chief Executive Officer of the Corporation. (b) In the event the Executive is not appointed Chief Executive Officer of the Corporation within twelve (12) months of the commencement of his employment, he may resign his employment and receive the severance compensation set forth in Paragraphs 6.1(a), (b) and (c) below. 1.2 The Executive agrees to devote his full business time during regular business hours to working for the Corporation and performing the aforesaid duties and such other duties as shall from time to time be assigned to him by the Board of Directors of the Corporation or Chief Executive Officer of the Corporation consistent with his position as President. During the Term of his employment hereunder, the Executive shall have no interest in, or perform any services during regular business hours for any other company, whether or not such company is competitive with the Corporation, except that this prohibition shall not be deemed to apply to passive investments in businesses not competitive with the business of the Corporation or to investments of 5% or less of the outstanding stock of public companies whose stock is traded on a national securities exchange or in the over-the-counter market. For purposes of this Paragraph l.2, a "passive investment" shall be deemed to mean investment in a business which does not require or result in the participation of the Executive in the management or operations of such business except during times other than regular business hours and which does not interfere with his duties and responsibilities to the Corporation. Nothing contained herein shall limit the right of the Executive to make speeches, write articles or participate in public debate and discussions in and by means of any medium of communication or serve as a director or trustee of any non-competing corporation or organization, provided that such activities are not inconsistent with the Executive's obligations hereunder. 1.3 Consistent with the Executive's aforesaid duties the Executive shall, at all times during the Term hereof, be subject to the supervision and direction of the Board of Directors of the Corporation and the Chief Executive Officer with respect to his duties, responsibilities and the exercise of his powers. 1.4 The services of the Executive hereunder shall be rendered primarily at the Corporation's principal executive offices currently in Stuart, Florida; provided, however, that the Executive shall make such trips outside of Stuart, Florida as shall be reasonably necessary in connection with the Executive's duties hereunder. 1.5 The Term of the Executive's employment hereunder shall commence upon the execution by the Executive of this Agreement with the understanding that during the first thirty (30) days of his employment, he will be paid in lieu of his Base Salary $10,000 and that he will perform his duties outside of the principal office of the Corporation and shall no later than July 17, 2000 commence duties at the Corporation's prime office and such employment shall continue, except as otherwise provided herein, through June 30, 2005 (the "Term").

  • Employment of Executive Employer hereby agrees to employ Executive, and Executive hereby agrees to be and remain in the employ of Employer, upon the terms and conditions hereinafter set forth.

  • Employment Position and Duties The Company agrees to employ Executive, and Executive agrees to be employed by the Company, upon the terms and conditions of this Agreement. Upon the Effective Date, Executive shall be employed as the President and Chief Executive Officer of the Company, reporting to the Board of Directors of the Company (the “Board”). The Board shall also take such action as may be necessary to appoint Executive as a member of the Board promptly following the commencement of Executive’s employment. Thereafter, during the Term (as defined below), the Board shall nominate Executive for reelection as a member of the Board at the expiration of the then current term; provided that the foregoing nomination shall not be required to the extent prohibited by legal or regulatory requirements. Executive shall be deemed to have resigned from the Board and from all other positions with the Company or any of its affiliates voluntarily, without any further action required, upon the termination of Executive’s employment with the Company. Executive agrees to devote his full time, energy and skill to the faithful performance of his duties herein, and shall perform the duties and carry out the responsibilities assigned to him to the best of his ability and in a diligent, businesslike and efficient manner. Notwithstanding the above, during the Term, it shall not be a violation of this Agreement for Executive to serve on civic or charitable boards or committees, deliver lectures, fulfill speaking engagements, teach at educational institutions, manage personal investments and, with the consent of the Board, service on corporate boards, so long as such activities do not interfere with the performance of Executive’s responsibilities in accordance with this Agreement. Executive’s duties and authority shall include all the duties and authority contemplated by the Company’s by-laws and those customarily performed by the President and Chief Executive Officer. As Chief Executive Officer, Executive shall be the senior most executive officer of the Company. Executive shall also have such additional duties and authority commensurate with such positions as may be reasonably assigned by the Board. Executive shall comply with any policies and procedures established for Company employees, including, without limitation, those policies and procedures contained in the Company’s employee handbook previously delivered to Executive.

  • Employment Duties (a) Subject to the terms and conditions set forth herein, the Company hereby employs the Executive to act for the Company during the Employment Period in the capacity set forth on Schedule A hereto, and the Executive hereby accepts such employment. The duties and responsibilities of the Executive shall include such duties and responsibilities appropriate to such office and as are normally associated with and appropriate for such position and as the Company’s board of directors (the “Board”) may from time to time reasonably assign to the Executive. (b) Executive recognizes that during the period of Executive’s employment hereunder, Executive owes an undivided duty of loyalty to the Company, and Executive will use Executive’s good faith efforts to promote and develop the business of the Company and its subsidiaries (the Company’s subsidiaries from time to time, together with any other affiliates of the Company, the “Affiliates”). Executive shall devote all of Executive’s business time, attention and skills to the performance of Executive’s services as an executive of the Company. Recognizing and acknowledging that it is essential for the protection and enhancement of the brand name, reputation and business of the Company and the goodwill pertaining thereto, Executive shall perform the Executive’s duties under this Agreement professionally, in accordance with the applicable laws, rules and regulations and such standards, policies and procedures established by the Company and the industry from time to time. (c) However, the parties agree that: (i) Executive may devote a reasonable amount of his time to civic, community, or charitable activities and may serve as a director of other corporations (provided that any such other corporation is not a competitor of the Company, as determined by the Board) and to other types of business or public activities not expressly mentioned in this paragraph and (ii) Executive may participate as a non-employee director and/or investor in other companies and projects as disclosed by Executive to, and approved by, the Board, so long as Executive’s responsibilities with respect thereto do not conflict or interfere with the faithful performance of his duties to the Company.

  • TYPES OF EMPLOYMENT AND TERMINATION OF EMPLOYMENT 15 General 16 Employees on Daily Hire 17 Casual Employees 18 Employer and Employee Duties 19 Apprentices 20 Sham Contracting 21 Termination of Employment 22 Redundancy 23 Payment of Wages and Time Records 24 Superannuation 25 Insurance 26 Insurance – Minimum Cover / Minimum Benefits 27 Insurance – Employer Liability 28 Accident Makeup Pay 29 Compensation of Tools of Trade and Clothes 30 Application of Site Agreements / Inductions and off the job training / Local Labour – Visa Requirements 31 Hours of Work 32 Presenting for Work but Not Required 33 Overtime 34 Call Back

  • Duties of Employee Employee will be based in New Jersey or North Carolina at the discretion of the Company. Employee’s title will be Chief Executive Officer, Chief Financial Officer, Chief Operating Officer and Corporate Secretary and Employee will report directly to the Board of Directors of the Company. Employee agrees to perform and discharge such other duties as may be assigned to Employee from time to time by the Company to the reasonable satisfaction of the Board of Directors , and such duties will be consistent with those duties regularly and customarily assigned by the Company to the position of Chief Executive Officer, Chief Financial Officer and Secretary. Employee agrees to comply with all of the Company's policies, standards and regulations and to follow the instructions and directives as promulgated by the Board of Directors of the Company. Employee will devote Employee's full professional and business-related time, skills and best efforts to such duties and will not, during the term of this Agreement, be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage, without the prior written consent of the Board of Directors of the Company. This Section will not be construed to prevent Employee from (a) investing personal assets in businesses which do not compete with the Company in such form or manner that will not require any services on the part of Employee in the operation or the affairs of the companies in which such investments are made and in which Employee's participation is solely that of an investor; (b) purchasing securities in any corporation whose securities are listed on a national securities exchange or regularly traded in the over-the-counter market, provided that Employee at no time owns, directly or indirectly, in excess of one percent (1%) of the outstanding stock of any class of any such corporation engaged in a business competitive with that of the Company; or (c) participating in conferences, preparing and publishing papers or books, teaching or joining or participating in any professional associations or trade group, so long as the Board of Directors of the Company approves such participation, preparation and publication or teaching prior to Employee’s engaging therein.

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