Common use of Extent of Employment Clause in Contracts

Extent of Employment. (a) During the Term of Employment, the Executive shall perform his obligations hereunder faithfully and to the best of his ability at the place of employment provided in Section 2(d), under the direction of the Board, and shall abide by the policies from time to time established by the Company. (b) During the Term of Employment, the Executive shall devote all of his business time, energy and skill as may be reasonably necessary for the performance of his duties, responsibilities and obligations hereunder (except for vacation periods and reasonable periods of illness or other incapacity). (c) The Executive may continue to maintain his Approved Outside Interests (as defined below), unless such interests or relationships conflict or interfere with Parent’s and the Company’s business or the Executive’s position at Parent and the Company. In addition, the Executive may serve on civic or charitable boards or committees, unless the Board notifies the Executive that, in the Board’s discretion, such civic or charitable positions interfere with the Executive’s position at Parent and the Company or his obligations pursuant to this Agreement. (d) Except as set forth on Exhibit A hereto (the “Approved Outside Interests”), as of the date hereof, the Executive does not have any ownership interests (other than ownership of less than 1% of the outstanding stock of a publicly-traded company) or professional relationships with (whether as an employee, director, officer, consultant or advisor, and whether or not for compensation) or professional commitments to any person or entity other than Parent and its subsidiaries. After the date hereof, if approved by the Board (or the Chairman of the Board), the Executive may acquire ownership interests of, or engage in professional relationships (whether as an employee, director, officer, consultant or advisor, and whether or not for compensation) with or have professional commitments to, a person or entity other than Parent and its subsidiaries. (e) During the Term of Employment, the principal place of Executive’s employment shall be at the Company’s office in Long Beach, California, subject to customary business travel on the business of the Company and its affiliates.

Appears in 1 contract

Samples: Employment Agreement (Agilon Health, Inc.)

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Extent of Employment. (a) During the Term of Employment, the Executive shall perform his obligations hereunder faithfully and to the best of his ability at the place of employment provided location set forth below in Section paragraph 2(d), under the direction of the BoardChairman and Board of Directors of the Company, and shall abide by the policies rules, customs and usages from time to time established by the CompanyCompany and the Parent." (b) During the Term of Employment, the Executive shall devote all such amount of his business time, energy and skill as may be reasonably necessary for the performance of his duties, responsibilities and obligations hereunder (except for vacation periods and reasonable periods of illness or other incapacity). (c) The Nothing contained herein shall require Executive may continue to maintain his Approved Outside Interests (follow any directive or to perform any act which would violate any of the rules and regulations as defined below), unless such interests or relationships conflict or interfere with Parent’s and provided by the Company’s business or the Executive’s position at Parent and the Company. In additionBurger King Corporation franchise entity form of ownership guidelines, the Burger King Uniform Franchise Offering Circular, as amended or updated from time-to-time, and any other franchise and other regulations and requirements, from time to time in effect (the "Burger King ----------- Regulations") of the Burger King Corporation or any laws, ordinances, ----------- regulations or rules of any governmental, regulatory or administrative body, agent or authority, any court or judicial authority, or any public, private or industry regulatory authority. Subject to clause (e) below, Executive may serve on civic shall act in good faith in accordance with all Burger King Regulations and laws, ordinances, regulations or charitable boards rules of any governmental, regulatory or committeesadministrative body, unless agent or authority, any court or judicial authority, or any public, private or industry regulatory authority to the Board notifies extent the Executive thatknows or has reasonable notice of such Burger King regulations, in the Board’s discretionlaws, such civic ordinances, regulations or charitable positions interfere with the Executive’s position at Parent and the Company or his obligations pursuant to this Agreementrules. (d) Except as set forth on Exhibit A hereto (the “Approved Outside Interests”), as of the date hereof, the Executive does not have any ownership interests (other than ownership of less than 1% of the outstanding stock of a publicly-traded company) or professional relationships with (whether as an employee, director, officer, consultant or advisor, and whether or not for compensation) or professional commitments to any person or entity other than Parent and its subsidiaries. After the date hereof, if approved by the Board (or the Chairman of the Board), the Executive may acquire ownership interests of, or engage in professional relationships (whether as an employee, director, officer, consultant or advisor, and whether or not for compensation) with or have professional commitments to, a person or entity other than Parent and its subsidiaries. (e) During the Term of Employment, the principal place Executive shall live in the Chicago, the Front Range of Colorado or any other area selected by Executive’s employment shall . The Company will pay the Executive a one-time lump sum of $50,000 plus documented out-of-pocket expenses to move Executive's personal belongings and household items, as a transition expense payment, upon the date of this Agreement to provide suitable and appropriate transition arrangements, including, should Executive arrange, an executive office, secretarial and office services for a transition for Executive. (e) The Company will use reasonable efforts to cause Executive to be promptly removed and released as an "Owner" or "Managing Owner" under the Burger King Regulations, although Executive will remain subject to those classifications and responsibilities at the Company’s office date hereof, and Executive will remain, in Long Beach, Californiaany event, subject to customary business travel on certain lease and related guarantees in connection with the business Company's prior acquisition of the Company and its affiliatesrestaurants from Xxxxxxx Xxxxxxxx.

Appears in 1 contract

Samples: Employment Agreement (Ameriking Inc)

Extent of Employment. (a) During the Term of Employment, the Executive shall perform his obligations hereunder faithfully and to the best of his ability at the place of employment provided location set forth below in Section paragraph 2(d), under the direction of the BoardChairman and Board of Directors of the Company, and shall abide by the policies rules, customs and usages from time to time established by the CompanyCompany and the Parent." (b) During the Term of Employment, the Executive shall devote all such amount of his business time, energy and skill as may be reasonably necessary for the performance of his duties, responsibilities and obligations hereunder (except for vacation periods and reasonable periods of illness or other incapacity). (c) The Nothing contained herein shall require Executive may continue to maintain his Approved Outside Interests (follow any directive or to perform any act which would violate any of the rules and regulations as defined below), unless such interests or relationships conflict or interfere with Parent’s and provided by the Company’s business or the Executive’s position at Parent and the Company. In additionBurger King Corporation franchise entity form of ownership guidelines, the Burger King Uniform Franchise Offering Circular, as amended or updated from time-to-time, and any other franchise and other regulations and requirements, from time to time in effect (the "Burger King Regulations") of the Burger King Corporation or any laws, ordinances, regulations or rules of any governmental, regulatory or administrative body, agent or authority, any court or judicial authority, or any public, private or industry regulatory authority. Subject to clause (e) below, Executive may serve on civic shall act in good faith in accordance with all Burger King Regulations and laws, ordinances, regulations or charitable boards rules of any governmental, regulatory or committeesadministrative body, unless agent or authority, any court or judicial authority, or any public, private or industry regulatory authority to the Board notifies extent the Executive thatknows or has reasonable notice of such Burger King regulations, in the Board’s discretionlaws, such civic ordinances, regulations or charitable positions interfere with the Executive’s position at Parent and the Company or his obligations pursuant to this Agreementrules. (d) Except as set forth on Exhibit A hereto (the “Approved Outside Interests”), as of the date hereof, the Executive does not have any ownership interests (other than ownership of less than 1% of the outstanding stock of a publicly-traded company) or professional relationships with (whether as an employee, director, officer, consultant or advisor, and whether or not for compensation) or professional commitments to any person or entity other than Parent and its subsidiaries. After the date hereof, if approved by the Board (or the Chairman of the Board), the Executive may acquire ownership interests of, or engage in professional relationships (whether as an employee, director, officer, consultant or advisor, and whether or not for compensation) with or have professional commitments to, a person or entity other than Parent and its subsidiaries. (e) During the Term of Employment, the principal place Executive shall live in the Chicago, the Front Range of Colorado or any other area selected by Executive’s employment shall . The Company will pay the Executive a one-time lump sum of $50,000 plus documented out-of-pocket expenses to move Executive's personal belongings and household items, as a transition expense payment, upon the date of this Agreement to provide suitable and appropriate transition arrangements, including, should Executive arrange, an executive office, secretarial and office services for a transition for Executive. (e) The Company will use reasonable efforts to cause Executive to be promptly removed and released as an "Owner" or "Managing Owner" under the Burger King Regulations, although Executive will remain subject to those classifications and responsibilities at the Company’s office date hereof, and Executive will remain, in Long Beach, Californiaany event, subject to customary business travel on certain lease and related guarantees in connection with the business Company's prior acquisition of the Company and its affiliatesrestaurants from Xxxxxxx Xxxxxxxx.

Appears in 1 contract

Samples: Employment Agreement (Ameriking Inc)

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Extent of Employment. (a) During the Term of Employment, the Executive shall perform his obligations hereunder faithfully and to the best of his ability at the place principal executive offices of employment provided in Section 2(d)the Company, under the direction of the BoardChairman, Chief Executive Officer and Board of Directors of the Company (the "Board of Directors"), and shall abide by the policies rules, customs and usages from time to time established by the CompanyCompany and AmeriKing, Inc. (the "Parent"). (b) During the Term of Employment, the Executive shall devote all of his business time, energy and skill as may be reasonably necessary for the performance of his duties, responsibilities and obligations hereunder (except for vacation periods and reasonable periods of illness or other incapacity), consistent with the expectations of the Board of Directors and norms in the industry for similar positions. The Executive shall not, without the prior written consent of the Company, render to others services of any kind for compensation, and will not engage in any other business activity that would interfere with the performance of his duties for the Company. (c) Nothing contained herein shall require the Executive to follow any directive or to perform any act which would violate any of the Burger King Corporation franchise entity form of ownership guidelines, the Burger King Uniform Franchise Offering Circular as amended or updated from time to time, and any other franchise and other regulations and requirements, from time to time in effect (collectively, the "Burger King Regulations") of the Burger King Corporation, or any laws, ordinances, regulations or rules of any governmental, regulatory or administrative body, agent or authority, any court or judicial authority, or any public, private or industry regulatory authority. The Executive may continue shall act in good faith in accordance with all Burger King Regulations and laws, ordinances, regulations or rules of any governmental, regulatory or administrative body, agent or authority, any court or judicial authority, or any public, private or industry regulatory authority to maintain his Approved Outside Interests (as defined below), unless such interests or relationships conflict or interfere with Parent’s and the Company’s business or the Executive’s position at Parent and the Company. In addition, extent the Executive may serve on civic knows or charitable boards has reasonable notice of such Burger King regulations, laws, ordinances, regulations or committees, unless the Board notifies the Executive that, in the Board’s discretion, such civic or charitable positions interfere with the Executive’s position at Parent and the Company or his obligations pursuant to this Agreementrules. (d) Except as set forth on Exhibit A hereto (During the “Approved Outside Interests”), as term of the date hereofhis employment, the Executive does not have any ownership interests (other than ownership shall live in the Chicago area and generally perform his duties under this Agreement from the Company's offices in the Chicago area, unless otherwise directed by the Chairman, Chief Executive Officer or the Board of less than 1% Directors and agreed to by the Executive; provided, that if the Company's offices are moved and the senior executives of the outstanding stock of a publicly-traded company) or professional relationships with (whether as an employee, director, officer, consultant or advisor, and whether or not for compensation) or professional commitments Company move to any person or entity other than Parent and its subsidiaries. After the date hereof, if approved by the Board (or the Chairman of the Board)new office location, the Executive may acquire ownership interests of, or engage in professional relationships (whether as an employee, director, officer, consultant or advisor, and whether or not for compensation) with or have professional commitments to, a person or entity other than Parent and its subsidiariesshall also move to the new office location. (e) During the Term of Employment, the principal place of Executive’s employment shall be at the Company’s office in Long Beach, California, subject to customary business travel on the business of the Company and its affiliates.

Appears in 1 contract

Samples: Employment Agreement (Ameriking Inc)

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