Common use of General Duties of Employer and Executive Clause in Contracts

General Duties of Employer and Executive. 1.1. Employer agrees to employ Executive and Executive agrees to accept employment by Employer and to serve Employer in an executive capacity upon the terms and conditions set forth herein. The duties and responsibilities of Executive shall include those described for the particular position held by Executive while employed hereunder in the By-laws of Employer or Subsidiary or other documents of Employer or Subsidiary. The capacity that Executive shall hold during the term hereof shall be that position as determined by the Board of Directors of Employer or Subsidiary, or any duly authorized committee thereof, from time to time in its sole discretion. While employed hereunder, the initial position that Executive shall hold shall be Executive Vice President, Chief Financial Officer and Treasurer (until such time as such position may be changed as aforesaid).

General Duties of Employer and Executive. 1.1. Employer agrees to employ Executive and Executive agrees to accept employment by Employer and to serve Employer in an executive capacity upon the terms and conditions set forth herein. The duties and responsibilities of Executive shall include those described for the particular position held by Executive while employed hereunder in the By-laws of Employer or Subsidiary or other documents of Employer or Subsidiary. The capacity that Executive shall hold during the term hereof shall be that position as determined by the Board of Directors of Employer or Subsidiary, or any duly authorized committee thereof, from time to time in its sole discretion. While employed hereunder, the initial position that Executive shall hold shall be Executive Vice President, Chief Financial Officer and Treasurer (until such time as such position may be changed as aforesaid)) shall be the position of President and Chief Executive Officer.

General Duties of Employer and Executive. 1.1. Employer agrees to employ Executive and Executive agrees to accept employment by Employer and to serve Employer in an executive capacity upon the terms and conditions set forth herein. The duties and responsibilities of Executive shall include those described for the particular position held by Executive while employed hereunder in the By-laws of Employer or Subsidiary or other documents of Employer or Subsidiary. The capacity that Executive shall hold during the term hereof shall be that position as determined by the Board of Directors of Employer or Subsidiary, or any duly authorized committee thereof, from time to time in its sole discretion. While employed hereunder, the initial position that Executive shall hold shall be Executive Vice President, Chief Financial Credit and Risk Officer and Treasurer (until such time as such position may be changed as aforesaid).