Engagement; Duties. Subject to the terms and conditions set forth herein, the Company shall employ Executive, and Executive shall serve the Company, as President during the Term (as defined in Section 2). In such capacity, Executive shall perform duties and be assigned responsibilities that are substantially similar to those performed by the Executive immediately prior to the date hereof and as may be assigned to him from time to time. During the Term, the Executive shall report to the Chief Executive Officer and Chief Operating Officer of NIM. During the Term, Executive shall use his reasonable efforts to promote the interests of the Company, shall perform his duties faithfully and diligently, consistent with sound business practices and shall devote his "full business time" to the performance of his duties for the Company in accordance with the terms hereof. For purposes of this Section 1, "full business time" shall mean an average of 37.5 hours per week for the Term as extended.
Appears in 1 contract
Samples: Employment Agreement (National Investment Managers Inc.)
Engagement; Duties. Subject to the terms and conditions set forth herein, the Company shall employ Executive, and Executive shall serve the Company, as Vice President of PCM and Vice President of Pentec during the Term (as defined in Section 2). In such capacity, Executive shall perform duties and be assigned responsibilities that are substantially similar to those performed by the Executive immediately prior to the date hereof and as may be assigned to him Executive from time to time. During the Term, the Executive shall report to the Chief Executive Officer and Chief Operating Officer of NIM. During the Term, Executive shall use his Executive's reasonable efforts to promote the interests of the Company, shall perform his Executive's duties faithfully and diligently, consistent with sound business practices and shall devote his Executive's "full business time" to the performance of his Executive's duties for the Company in accordance with the terms hereof; provided, however, that Executive shall be entitled to spend up to 5% of his time on other business ventures. For purposes of this Section 1, "full business time" shall mean an average of 37.5 forty (40) hours per week for during the Term (as extendeddefined below).
Appears in 1 contract
Samples: Employment Agreement (National Investment Managers Inc.)
Engagement; Duties. Subject to the terms and conditions set forth herein, the Company shall employ Executive, and Executive shall serve the Company, as Assistant Vice President during the Term (as defined in Section 2). In such capacity, Executive shall perform duties and be assigned responsibilities that are substantially similar to those performed by the Executive immediately prior to the date hereof and as may be assigned to him Executive from time to time. During the Term, the Executive shall report to the Chief Executive Officer and Chief Operating Officer Vice President of NIMthe Company. During the Term, Executive shall use his Executive's reasonable efforts to promote the interests of the Company, shall perform his Executive's duties faithfully and diligently, consistent with sound business practices and shall devote his Executive's "full business time" to the performance of his Executive's duties for the Company in accordance with the terms hereof. For purposes of this Section 1, "full business time" shall mean an average of 37.5 forty (40) hours per week for during the Term (as extendeddefined below).
Appears in 1 contract
Samples: Employment Agreement (National Investment Managers Inc.)
Engagement; Duties. Subject to the terms and conditions set forth herein, the Company shall employ Executive, and Executive shall serve the Company, as Vice President during the Term (as defined in Section 2). In such capacity, Executive shall perform duties and be assigned responsibilities that are substantially similar to those performed by the Executive immediately prior to the date hereof and as may be assigned to him Executive from time to time. During the Term, the Executive shall report to the Chief Executive Officer and Chief Operating Officer of NIM. During the Term, Executive shall use his Executive's reasonable efforts to promote the interests of the Company, shall perform his Executive's duties faithfully and diligently, consistent with sound business practices and shall devote his Executive's "full business time" to the performance of his Executive's duties for the Company in accordance with the terms hereof. For purposes of this Section 1, "full business time" shall mean an average of 37.5 forty (40) hours per week for during the Term (as extendeddefined below).
Appears in 1 contract
Samples: Employment Agreement (National Investment Managers Inc.)
Engagement; Duties. Subject to the terms and conditions set forth herein, the Company shall employ Executive, and Executive shall serve the Company, as Vice President during the Term (as defined in Section 2). In such capacity, Executive shall perform duties and be assigned responsibilities that are substantially similar to those performed by the Executive immediately prior to the date hereof and as may be assigned to him Executive from time to time. During the Term, the Executive shall report to the Chief Executive Officer and Chief Operating Officer of NIM. During the Term, Executive shall use his Executive's reasonable efforts to promote the interests of the Company, shall perform his Executive's duties faithfully and diligently, consistent with sound business practices and shall devote his Executive's "full business time" to the performance of his Executive's duties for the Company in accordance with the terms hereof. For purposes of this Section 1, "full business time" shall mean an average of 37.5 forty (40) hours per week for non vacation weeks during the Term (as extendeddefined below).
Appears in 1 contract
Samples: Employment Agreement (National Investment Managers Inc.)
Engagement; Duties. Subject to the terms and conditions set forth herein, the Company shall employ Executive, and Executive shall serve the Company, as President Assistant Treasurer during the Term (as defined in Section 2). In such capacity, Executive shall perform duties and be assigned responsibilities that are substantially similar to those performed by the Executive immediately prior to the date hereof and as may be assigned to him from time to time. During the Term, the Executive shall report to the Chief Executive Officer and Chief Operating Officer of NIM. During the Term, Executive shall use his reasonable efforts to promote the interests of the Company, shall perform his duties faithfully and diligently, consistent with sound business practices and shall devote his "full business time" to the performance of his duties for the Company in accordance with the terms hereof. For purposes of this Section 1, "full business time" shall mean an average of 37.5 hours per week for the Term as extended.
Appears in 1 contract
Samples: Employment Agreement (National Investment Managers Inc.)