Employment; Extent of Service. Executive is hereby employed on the Effective Date as the General Counsel. Executive shall have the duties, responsibilities, and authority commensurate with such position and such other duties as may be assigned by the Chief Executive Officer of Company. During the Term of this Agreement, and excluding any periods of vacation or sick leave to which Executive is entitled, Executive agrees to (i) devote substantially all of Executive’s business effort, time, energy, and skill to the business of Employer; (ii) faithfully, loyally, and diligently perform such duties; and (iii) diligently follow and implement all lawful management policies and decisions of Employer that are communicated to Executive. During the Term of this Agreement, Executive shall not, without the consent of Employer, be engaged in or provide services to any other business or enterprise (whether engaged in for profit or not) which interferes with her obligations to Employer under this Agreement. Executive will report directly to the Chief Executive Officer of Company or such other individual as the Compensation Committee may approve.
Employment; Extent of Service. Executive is hereby employed on the Effective Date as the Executive Vice President/Senior Lender of the Holding Company and the Bank. In his capacity as the Executive Vice President/Senior Lender, Executive shall have the duties, responsibilities and authority commensurate with such positions and such other duties as may be assigned to him by the President and Chief Executive Officer of the Holding Company and the Bank. In his capacity as Executive Vice President/Senior Lender, Executive will report directly to the President and Chief Executive Officer of the Holding Company and the Bank.
Employment; Extent of Service. Executive is hereby employed on the Effective Date as the Chief Executive Officer and President of the Holding Company and the Bank. In his capacity as the Chief Executive Officer and President, Executive shall have the duties, responsibilities and authority commensurate with such positions and such other duties as may be assigned to him by the Board of Directors of the Holding Company (the “Holding Company Board”) and the Board of Directors of the Bank (the “Bank Board”). Executive shall serve as a member of the Holding Company Board and the Bank Board (subject to Executive’s nomination and election as a member of such boards for subsequent terms). In his capacity as the Chief Executive Officer and President, Executive will report directly to the Holding Company Board and the Bank Board.
Employment; Extent of Service. Executive is hereby employed on the Effective Date as the President and Chief Executive Officer of Company and Bank. Executive shall have the duties, responsibilities, and authority commensurate with such position and such other duties as may be assigned by the Board of Directors. During the Term of this Agreement, and excluding any periods of vacation or sick leave to which Executive is entitled, Executive agrees to (i) devote substantially all of Executive’s business effort, time, energy, and skill to the business of Employer; (ii) faithfully, loyally, and diligently perform such duties; and (iii) diligently follow and implement all lawful management policies and decisions of Employer that are communicated to Executive. During the Term of this Agreement, Executive shall not, without the consent of Employer, be engaged in or provide services to any other business or enterprise (whether engaged in for profit or not) which interferes with his obligations to Employer under this Agreement. For the avoidance of doubt, Executive shall not be prohibited from serving on a board of directors or advisory board of other companies or organizations as long as such service does not interfere with his obligations to the Company and is consistent with the Company’s Corporate Governance Guidelines. Executive will report directly to the Board of Directors of the Company.
Employment; Extent of Service. During the Term, Executive will be employed on and after the Commencement Date as Senior Executive Vice President, and General Counsel of the Company and the Bank. Executive will report directly to the Chief Executive Officer of the Company (“CEO”) and the Executive Chairman of the Bank (the “Executive Chairman”). Executive shall have the duties, responsibilities and authority commensurate with such positions and such other duties as may be assigned to him by the CEO or the Executive Chairman, as applicable, to the extent such other duties also are commensurate with such positions. During the Term, and excluding any periods of vacation, sick or other leave to which Executive is entitled, Executive agrees to: (a) devote all of his business effort, time, energy, and skill to fulfill his employment duties; (b) faithfully, loyally and diligently perform such duties; and (c) diligently follow and implement all lawful management policies and decisions of the Company and the Bank that are communicated to and applicable to Executive. During his employment hereunder, Executive shall not be engaged in or provide services to any other business or enterprise (whether engaged in for profit or not) which materially interferes or conflicts with his obligations to the Company or the Bank under this Agreement without the prior written consent of the CEO or the Executive Chairman. During the Term, Executive may be asked to serve as a member of the Board of Directors of the Company and/or the Bank, and, if applicable, shall serve in such capacity without additional compensation hereunder. The principal place of employment of Executive shall be Austin, Texas; provided, however, that, unless otherwise agreed to by the CEO, Executive will work at least three (3) days per week at the Company’s offices in Houston, Texas. Executive understands and agrees that Executive will be required to travel from time to time for business reasons (in addition to any required business travel to and from Houston, Texas).
Employment; Extent of Service. Executive is hereby employed on the Effective Date as the President and Chief Executive Officer of the Holding Company and the President and Chief Executive Officer of the Bank. In his capacity as President and Chief Executive Officer of the Bank and the Holding Company, Executive shall have the duties, responsibilities and authority commensurate with such position and such other duties as may be assigned to him by the Board of Directors of the Bank (the “Bank Board”) and/or the Board of Directors of the Holding Company (the “Holding Company Board”). During his employment with the Holding Company and the Bank, and excluding any periods of vacation or sick leave to which Executive is entitled, Executive agrees to (i) devote all of his business effort, time, energy, and skill to fulfill his employment duties; (ii) faithfully, loyally and diligently perform such duties, subject to the control and supervision of the Bank Board and Holding Company Board, as applicable; and (iii) diligently follow and implement all lawful management policies and decisions of the Holding Company and the Bank that are communicated to Executive. During his employment with the Holding Company and the Bank, Executive shall not be engaged in or provide services to any other business or enterprise (whether engaged in for profit or not) which interferes with his obligations to the Holding Company or the Bank under this Agreement. Executive shall serve as a member of the Bank Board and the Holding Company Board (subject to Executive’s nomination and election as a member of the Bank Board and Holding Company Board for subsequent terms) and, at the request of the Bank Board and/or Holding Company Board, as a member of the board of directors (or equivalent) of any subsidiary, without additional compensation. Executive acknowledges Xxxxx X. Xxxxx’ role as Executive Chairman of the Holding Company and Executive Chairman of the Bank. In his capacity as the President and Chief Executive Officer of the Bank and the Holding Company, Executive will report directly to the Bank Board and Holding Company Board, respectively.
Employment; Extent of Service. During the Term, Executive will be employed on and after the Commencement Date as [___________________ of the Successor Company and] [___________________] of the Bank. Executive will report directly to [Title of Direct Report]. Executive shall have the duties, responsibilities and authority commensurate with such position(s) and such other duties as may be assigned to him by [Title of
Employment; Extent of Service. Employee is hereby employed on the Agreement Effective Date as the [____________] of the Company. In his/her capacity as the [____________] of the Company, Employee shall have the duties, responsibilities and authority commensurate with such position and such other duties as may be reasonably assigned to him/her by [____________] or his/her designee. [Note: This concept is for all employees who are subordinate to the CEO. The CEO’s agreement will reference the Company’s Board of Managers.] During the Employment Period, and excluding any periods of vacation or sick leave to which Employee is entitled, Employee agrees to (a) devote substantially all of his/her business effort, time, energy, and skill to fulfill his/her employment duties; (b) faithfully, loyally and diligently perform such duties, subject to the control and supervision of [_____________] or his/her designee; and (c) diligently follow and implement all lawful management policies and decisions of the Company that are communicated to Employee. During the Employment Period, Employee shall not be engaged in or provide services to any other business or enterprise (whether engaged in for profit or not) which interferes with his/her obligations to the Company under this Agreement.
