Employment and Scope of Duties Sample Clauses

Employment and Scope of Duties. A. Employer shall employ Employee and the Employee agrees to be employed by the Employer on a full-time basis during the Employment Period, Insurance Products and Sales Coordinator and President of Montauk Insurance Services, Inc., ("MISI"), having and maintaining the requisite licenses and registrations in order to effectively coordinate and facilitate and promote the proper sales and servicing of insurance and insurance-related products and services through all of the Company's licensed insurance agents and registered representatives, in variable and fixed annuity products, life, health an disability insurance and the renewals of each of these products (hereinafter "Insurance Business"). The Employee shall report and be responsible to: Xxxx Xxxxxxxx, the President and C.E.O.; Xxxxxxx Xxxxxxxx, Executive Vice President and CFO; and Xxxxxx X. Xxxxxxxxxx, Managing Director. Employee shall be expected to coordinate with the Legal & Compliance Department on matters involving compliance and legal issues affecting the agents and registered representatives ("RR's") and the Company's sales, marketing and recruiting departments on matters involving such departments. Employee shall, except during vacation periods or absences due to temporary illness, devote substantially all of his business time, attention and energies to his duties and responsibilities as described hereunder. B. Subject to the terms and conditions contained herein, Employee shall also (i) provide administrative services, product marketing, sales, technical and product support with respect to the development and retention of Agents and RR's and insurance cases; (ii) assist Employer and its authorized representatives and staff in actively recruiting new, qualified Agents and RR's; and (iii) from time to time, perform such other services and tasks related to the foregoing as may be reasonably necessary to the performance of the above duties and responsibilities, and Employer hereby engages Employee to provide and perform the same. C. The Principal location of the Employee's employment shall be at 000 Xxxxxx Springs Road, Red Bank, New Jersey 07701, although the Employee understands and agrees that he may be required to travel for business reasons to the Company's Branch office and satellite locations throughout the United States from time to time. D. Employer hereby agrees at its discretion to provide the personnel and administrative support services to Employee necessary for him to perform the Servi...
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Employment and Scope of Duties. A. Employer shall employ Employee and the Employee agrees to be employed by the Employer on a full-time basis during the Employment Period, as President of FMSC's Century Discount Securities Division, Paramus NJ and Managing Director of FMSC's Internet Trading Initiative, having and maintaining the requisite licenses and registrations in order to effectively supervise Employer's Registered Representatives located in the CDS Paramus office. The Employee shall report and be responsible to: Xxxx Xxxxxxxx, the President and C.E.O.; Xxxxxxx Xxxxxxxx, Executive Vice President and Chief Financial Officer (CFO); and Xxxxxx X. Xxxxxxxxxx, Chief Administrative Officer. Employee shall be expected to coordinate with and obtain necessary approvals from General Counsel and the Legal & Compliance Department on matters involving compliance, regulatory and legal issues affecting CDS discount brokerage business and Internet Trading for clients of the Firm. Employee shall, except during vacation periods or absences due to temporary illness, devote substantially all of his business time, attention and energies to his duties and responsibilities as President of CDS hereunder. B. Subject to the terms and conditions contained herein, Employee shall also (i) provide administrative expertise, product knowledge, technical and systems support with respect to the development and implementation of third-party vendor provided electronic-based order entry and clearing firm interfaces, including risk management technology for FMSC's trading desk, CDS's separate trading desk and, (ii) supervise structure, manage, control expenditures and operations of CDS through daily oversight of operations of CDS staff including marketing, registration and assurance of regulatory compliance by CDS; and (iii) from time to time, perform such other services and tasks related to the foregoing as may be reasonably necessary to the performance of the above duties and responsibilities, including reporting to FMSC Senior Management with findings/recommendations to improve efficiencies of CDS and FMSC Trading Capabilities and Employer hereby engages Employee to provide and perform the same. C. The Principal locations of the Employee's employment shall be at 000 Xxxxxx Springs Road, Red Bank, New Jersey 07701 and Xxx Xxxx Cnetre Road, Paramus, NJ 07652, although the Employee understands and agrees that he may be required to travel for business reasons to other offices of FMSC and from time to time to other Firm ...
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Employment and Scope of Duties 
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Related to Employment and Scope of Duties

  • Duties and Scope of Employment The Company shall continue to employ the Executive in the position of Executive Vice President and Chief Financial Officer with such duties, responsibilities and compensation as in effect as of the Effective Date. The Board and the Chief Executive Officer of the Company shall have the right to revise such responsibilities and compensation from time to time as the Board or the Chief Executive Officer may deem necessary or appropriate. If any such revision constitutes “Involuntary Termination” as defined in Section 6 of this Agreement, the Executive shall be entitled to benefits upon such Involuntary Termination as provided under this Agreement.

  • Scope of Duties Without limiting the generality of the foregoing, the Custodian shall be under no duty or obligation to inquire into, and shall not be liable for: (1) The acts or omissions of any agent appointed pursuant to Instructions of the Fund or its investment advisor including, but not limited to, any broker-dealer or other entity to hold any Assets of the Fund as collateral or otherwise pursuant to any investment strategy. (2) The title, genuineness or validity of the issue of any Securities purchased by the Series, the legality of the purchase thereof, or the propriety of the amount paid therefor; (3) The legality of the sale of any Securities by the Series or the propriety of the amount for which the same are sold; (4) The legality of the issue or sale of any Shares, or the sufficiency of the amount to be received therefor; (5) The legality of the redemption of any Shares, or the propriety of the amount to be paid therefor; (6) The legality of the declaration or payment of any distribution of the Series; or (7) The legality of any borrowing for temporary administrative or emergency purposes.

  • 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.

  • Executive Duties During and after Executive’s employment with the Company, Executive shall, without additional compensation: (i) promptly disclose to the Company any Employee Development, specifically identifying any inventions, improvements or other portions of the Employee Development that are potential patentable or susceptible to protection as a trade secret; (ii) execute and deliver any and all applications, assignments, documents, and other instruments that the Company shall deem necessary to protect the right, title and interest of the Company or its designee in or to any Employee Development; (iii) reasonably cooperate and assist in providing information for making and completing regulatory and other filings in connection with any Employee Development; (iv) reasonably cooperate and assist in providing information for or participating in any action, threatened action, or considered action relating to any Employee Development; and (v) take any and all other actions as the Company may otherwise require with respect to any Employee Development.

  • 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.

  • Employment Duties and Term (a) Company hereby employs Employee as the Chief Marketing Officer, and Employee hereby accepts such employment with Company on the terms and conditions set forth in this Agreement. In such capacity, Employee shall perform the duties appropriate to such office or position, and such other duties and responsibilities as are assigned to him from time to time by the Board of Directors of Company (the “Board”) or the President and CEO of the Company. During the term of his/her employment with Company, Employee shall devote his/her full working time and best efforts to the performance of his/her duties under this Agreement for and on behalf of Company, and shall not work for anyone else without the express written consent of Company or engage in any activity in competition with or detrimental to Company or any affiliate of Company. Employee shall follow in all material respects all rules, policies and programs adopted from time to time by the Company and applicable to Employee. (b) This Agreement shall commence on the Effective Date and end when it is terminated in accordance with Paragraph 3 of this Agreement (the “Termination Date”). The period from the Effective Date to the Termination Date shall be referred to in this Agreement as the “Term.” (c) Employee’s services shall be performed from a home-based office, which is presently in Portland, Oregon, but it is expected that the Employee will work from the Company corporate headquarters on a frequent basis.

  • 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.

  • STATEMENT OF DUTIES Upon written request, an employee shall be provided with a complete and current statement of the duties and responsibilities of his or her position, including the classification level and, where applicable, the point rating allotted by factor to his or her position, and an organization chart depicting the position’s place in the organization.

  • Performance of Duties Each of the Credit Party’s obligations under this Agreement and each of the other Loan Documents shall be performed by such Credit Party at its sole cost and expense.

  • Job Duties It is understood by the parties that every incidental duty connected with operations enumerated in job descriptions is not always specifically described and employees may be required to perform other job-related duties not specifically contained in the job description; however, employees required to perform such duties shall be qualified for the work to be performed.

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