JOB DESCRIPTION AND RELATED ENTITIES Sample Clauses

JOB DESCRIPTION AND RELATED ENTITIES. Oversee the day to day operations of the Organization in support of policies, goals and objectives established by the Chief Executive Officer and the Board of Directors of Employer. Serve on the Executive Committee and the Asset Liability Committee of Impac Mortgage Holdings, Inc. For purposes of this Exhibit A, “Organization” means Employer and any affiliates or related entities of Employer for whom Employee is requested to provide services pursuant to the Employment Agreement by and between Employer and Employee dated as of April 1, 2003 (the “Agreement”). Manage and supervise the Organization’s senior management in the following areas: credit, sales, legal (and human resources through legal), finance, secondary marketing, asset liability, and operations. In consultation and coordination with the Chief Executive Officer and the Board of Directors of Employer and, as the case may be, the Chief Executive Officer and the Board of Directors of other entities within the Organization, the COO’s responsibilities include participating in the oversight, management and administration of the following areas for the Organization, either directly or through supervision of senior managers charged with primary responsibility for such areas: finance; personnel; organization and administration; legal compliance; development, promotion and delivery of the Organization’s products and services; planning and budgeting; policy development; evaluate and report on the Organization’s performance. Employee acknowledges, understands and agrees that Employee will be requested by Employer to devote some or all of Employee’s time and effort during the term of employment pursuant to the Agreement (and consistent with the above job descriptions) to the businesses of Employer’s affiliates or related entities pursuant to certain agreements and relationships between and among Employer and such affiliates or related entities. Such affiliates and related entities include, but are not limited to, the following: Impac Mortgage Holdings, Inc., Impac Mortgage Capital Corp., Impac Warehouse Lending Group, IMH Assets Corp., Novelle Financial Services, Inc., Impac Lending Group, Impac Secured Assets Corp., Impac Mortgage Acceptance Corp., Impac Multifamily Capital Corp. and Impac Foundation. Employee further understands and acknowledges that, pursuant to the Agreement, Employee may be directed by Employer to provide services consistent with the above job descriptions to additional real estate inve...
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JOB DESCRIPTION AND RELATED ENTITIES. Direct, administer and coordinate the activities of the Organization in support of policies, goals and objectives established by the Chief Executive Officer and the Board by performing the following duties personally or through subordinate managers. For purposes of this Exhibit A, “Organization” means the Employer and any affiliates or related entities of Employer for whom Executive is requested to provide services pursuant to the Agreement. Guide and direct management in the development, production, promotion and the financial aspects of the Organization’s products and services. Direct the preparation of short-term and long-range plans and budgets based on broad corporate goals and growth objectives. Oversee executives who direct department activities that implement the Organization’s policies. Create the structure and processes necessary to manage the Organization’s current activities and its projected growth. Implement programs that meet the Organization’s goals and objectives. Maintain a sound plan of corporate Organization, establishing policies to ensure adequate management development and to provide for capable management succession. Develop and install procedures and controls to promote communication and adequate information flow within the Organization. Establish operating policies consistent with the Chief Executive Officer’s broad policies and objectives and ensure their execution. Evaluate the results of overall operations regularly and systematically and reports these results to the Chief Executive Officer and the Board. Define responsibilities, authorities and accountability of all direct subordinates and manage compliance with same. Monitor all Organization activities and operations for compliance with local, state and federal regulations and laws governing business operations, and implement and oversee programs designed to ensure such compliance. Manage a staff of employees. Perform supervisory duties to include: hiring, corrective action, performance appraisals, salary reviews, counseling, work scheduling, training and budgeting. Executive acknowledges and understands that Executive may be requested by Employer to devote some or all of Executive’s time and effort during the term of employment pursuant to the Agreement to the businesses of Employer’s affiliates or related entities pursuant to certain agreements between and among Employer and such affiliates or related entities. Such affiliates and related entities include, but are not limit...
Sample 1
JOB DESCRIPTION AND RELATED ENTITIES. For Executive Vice President, General Counsel (“GC”) of Impac Mortgage Holdings, Inc. and affiliates and subsidiaries (“IMH”). Employee shall oversee the xxxxxx management of the Organization in support of policies, goals and objectives established by the Board of Directors of Employer and the CEO of Impac Mortgage Holdings, Inc. For purposes of this Exhibit A, “Organization means Employer and any affiliates or related entities of Employer for whom Employee is requested to provide services pursuant to this Employment Agreement. Employee shall provide senior legal oversight for the Organization and shall bear responsibility for its development, growth and success. Employee’s major responsibilities shall include:
Sample 1
JOB DESCRIPTION AND RELATED ENTITIES. The roles and responsibilities of the CIO will be as follows: Employee’s responsibilities will include the directing and overseeing of all balance sheet investment decisions, hedging policy decisions, pipeline hedging risk management decisions, interest rate risk management and overall securitization structuring responsibilities. More specifically, Employee will be responsible for: · Rate sheet pricing strategies · Pipeline hedging · Servicing sales and whole loan executions · Current balance sheet · Assess current risk metrics · Evaluate and adjust hedge strategies · Capital management Strategies · Development of a bond portfolio from current securitizations and evaluate other assets that meet our investment criteria · Evaluate current assets for retention or sale · Evaluate alternative hedging strategies for current balance sheet · Mortgage loan securitization strategies · Hedging in trust versus outside of trust · CDO/CLO opportunities · Retaining selected tranches · Managing underwriters Employee will be responsible for establishing and maintaining a mortgage securities portfolio management operation in the Washington, D.C., metropolitan area, and the Company will support Employee in this endeavor. The Employer will invest the resources required to manage the existing portfolio and build a new portfolio of mortgage securities, including (a) supporting the staffing levels generally discussed by the Employee and Employer or otherwise agreed to by them (it being understood that the personnel hired to establish the Washington, D.C. metropolitan area operation will be recruited by and managed by the Employee) and (b) supporting the office set-up and data systems as generally discussed by the Employee and Employer or otherwise agreed by them. Employee will be the chairperson of Asset Liability Committee and a senior member of the Executive Committee. All current Secondary Marketing and Asset Liability personnel will report directly to Employee, over whom Employee will have hiring/firing authority, subject to the approval of the President. Employee will also have hiring/firing authority over all employees in the CIO organization subject to the approval of the President. Employee will report directly to the President and/or such other persons as the Board of Directors may reasonably designate.
Sample 1
JOB DESCRIPTION AND RELATED ENTITIES. Executive Vice President, Chief Financial Officer (“CFO”), Impac Funding Corporation Responsible for planning, coordinating and directing the financial affairs of the Organization, including the accounting, treasury, financial planning, reporting, compliance, analysis, and tax functions. For purposes of this Exhibit A, “organization” means Employer and any affiliates or related entities of Employer for whom Employer is requested to provide services pursuant to the Employment Agreement by and between Employer and Employer dated as of May 1, 2006 (the “Agreement”). Provide management and the Board of Directors of Employer and all of the entities within the Organization with meaningful and timely information regarding the Organization’s financial performance. Monitor compliance with all applicable laws, rules, and regulations related to financial information and financial performance of the Organization, including tax compliance, and implement and oversee programs designed to ensure such compliance and responsible for managing and overseeing the daily operations of the Company’s internal audit department and their efforts to keep the Company SOX 404 compliant. Serve on the Asset Liability Committee of Impac Mortgage Holdings, Inc. (“IMH”) and administer and oversee its interest rate risk management of IMH’s balance sheet. Implement and maintain programs designed to ensure proper management of the Organization’s liquidity position and that proper cost effective funding is available to meet the Organization’s objectives. Recommend and implement asset/liability and tax strategies to improve financial performance. Direct a financial planning process for both next year budgeting and strategic planning purposes. Provide appropriate financial analysis of investment, merger and acquisition alternatives and capital raising efforts and alternatives. Act as liaison with the internal and external auditors. Manage the staff of exempt and non-exempt employees. Perform supervisory duties to include: hiring, corrective action, performance appraisals, salary reviews, counseling, work scheduling, training, and budgeting. Employee acknowledges, understands and agrees that Employee will be requested by Employee to devote some or all of Employee’s time and effort during the term of employment pursuant to the Agreement (and consistent with the above job descriptions) to the businesses of Employer’s affiliates or related entities pursuant to certain agreements between and among Emp...
Sample 1
JOB DESCRIPTION AND RELATED ENTITIES. Direct, administer and coordinate the activities of the Organization in support of policies, goals and objectives established by the Chief Executive Officer and the Board by performing the following duties personally or through subordinate managers. For purposes, of this Exhibit A, “Organization” means the Employer and any affiliates or related entities of Employer for whom Executive is requested, to provide services pursuant to the Agreement. Guide and direct management in the development, strategy, growth, production, expansion into new geographic areas,, promotion, and the financial aspects of the Organization’s products and services. Direct the preparation of short-term and long-range plans and budgets based on broad corporate goals and growth objectives. Oversee executives who direct department activities that implement, the Organization’s policies. Create the structure and processes necessary to manage the Organization’s current activities and its projected growth. Implement programs that meet the Organization’s goals and objectives. Maintain, a sound plan of corporate Organization, establishing policies to ensure adequate management development and to provide for capable management succession. Develop and install procedures and controls to promote communication and adequate information flow within the Organization, Establish operating, policies consistent with the Chief Executive Officer’s broad policies and objectives and ensure their execution. Evaluate the results of overall operations regularly and systematically and. reports these results to the Chief Executive Officer and the Board. Define responsibilities, authorities and accountability of all direct subordinates and manage compliance with. same. Monitor all Organization activities and. operations for compliance with local, state and federal regulations and. laws governing business operations, and implement and oversee programs designed to ensure such compliance. Manage a staff of employees including but not limited to insuring compensation structures within the Division are appropriate. Perform supervisory duties To include hiring, corrective action, performance appraisals, salary reviews, counseling, work scheduling, training and budgeting, Executive’s responsibilities do not Include those of an advertising spokesperson, appearing in commercials or other media or materials distributed to the public. Employer will not publish Executive’s image or likeness without Executive’s consent. Executi...
Sample 1
JOB DESCRIPTION AND RELATED ENTITIES. President, Impac Commercial Capital Corporation Oversee the day to day operations of the Organization in support of policies, goals and objectives established by the Board of Directors of Employer, and the President, COO and CEO of Impac Mortgage Holdings, Inc. For purposes of this Exhibit A, “Organization” means Employer and any affiliates or related entities of Employer for whom Employee is requested to provide services pursuant to the Employment Agreement by and between Employer and Employee dated as of January 31, 2006 (the “Agreement”). Provide vision for the Organization and assume responsibility for its development, growth and success. Participate in the oversight, management and administration of Employer, either directly or through supervision of senior managers. Manage and supervise senior management and staff members that report to the President. Major Responsibilities include: · Regularly report to the President, COO and CEO of Impac Mortgage Holdings, Inc. and the Employer’s Board of Directors on the status of Employer in achieving it’s business plan and goals; · Responsible for reviewing Underwriting Guidelines, Policy and Procedures and Quality Control Guidelines; · Responsible for developing and maintaining relationships with approved broker/correspondents; · Assuring the profitable operation through production, pricing and meeting securitization requirements; · Decision making and providing direction as required; and · Member of Employer’s Executive Committee. Specific Tasks include: · Provide monthly reports to the President, CFO and CEO of Impac Mortgage Holdings, Inc. and to the Board of Directors of Employer; · Provide final approval of all Employer’s loan requests; · Direct regular Management meetings; · Coordinate and communicate corporate objectives;
Sample 1
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JOB DESCRIPTION AND RELATED ENTITIES. For Executive Vice President, Chief Financial Officer (“CFO”) of Impac Mortgage Holdings, Inc. and affiliates and subsidiaries (“IMH”). Employee shall oversee the financial management of the Organization in support of policies, goals and objectives established by the Board of Directors of Employer and the CEO of Impac Mortgage Holdings, Inc. For purposes of this Exhibit A, “Organization means Employer and any affiliates or related entities of Employer for whom Employee is requested to provide services pursuant to this Employment Agreement. Employee shall provide senior financial accounting oversight for the Organization and shall bear responsibility for its development, growth and success. Employee’s major responsibilities shall include:
Sample 1
JOB DESCRIPTION AND RELATED ENTITIES. Responsible for planning, coordinating and directing the financial affairs of the Organization, including the accounting, treasury, financial planning, reporting, compliance, analysis, and tax functions. For purposes of this Exhibit A, “Organization” means Employer and any affiliates or related entities of Employer for whom Employee is requested to provide services pursuant to the Employment Agreement by and between Employer and Employee dated as of April 1, 2003 (the “Agreement”). Provide management and the Board of Directors of Employer and all of the entities within the Organization with meaningful and timely information regarding the Organization’s financial performance. Monitor compliance with all applicable laws, rules, and regulations related to financial information and financial performance of the Organization, including tax compliance, and implement and oversee programs designed to ensure such compliance. Serve on the Asset Liability Committee of Impac Mortgage Holdings, Inc. (“IMH”) and administer and oversee its interest rate risk management of IMH’s balance sheet. Implement and maintain programs designed to ensure proper management of the Organization’s liquidity position and that proper cost effective funding is available to meet the Organization’s objectives. Recommend and implement asset/liability and tax strategies to improve financial performance. Direct a financial planning process for both next year budgeting and strategic planning purposes. Provide appropriate financial analysis of investment, merger and acquisition alternatives and capital raising efforts and alternatives. Act as liaison with the internal and external auditors. Manage the staff of exempt and non-exempt employees. Perform supervisory duties to include: hiring, corrective action, performance appraisals, salary reviews, counseling, work scheduling, training, and budgeting. Oversee and manage the Organization’s warehouse lending operations. Review and approve credit applications and extensions of additional credit. Oversee and manage the Organization’s information technology (“IT”) department. Oversee and approve IT projects and allocation of resources and approval of all IT related capital expenditures. Oversee and manage the master servicing and default administration of the Organization’s investment portfolio, and master servicing portfolio. Review and approve default administration policies. Employee acknowledges, understands and agrees that Employee will be requested...
Sample 1

Related to JOB DESCRIPTION AND RELATED ENTITIES

  • Job Description 2.1 You will perform the duties and responsibilities set out in Schedule "A" to this Letter Agreement, and such other incidental duties and responsibilities as may be required by the Company and assigned to you from time to time (the "Services").

  • Description of Consulting Services Consultant shall perform the following services pursuant to the terms of this Agreement:

  • Term Position and Responsibilities (a) Term of Employment. ------------------ Unless the Employee's employment shall sooner terminate pursuant to Section 6, the Employer shall employ the Employee for a term commencing on April 1, 1997 and ending on March 31, 1998 (the "Initial Term"), and the Employee's employment shall continue thereafter at will.

  • Transition Planning 28 4.5. Control of Other Party's Business . . . . . . . . . 28

  • GENERAL SERVICE DESCRIPTION Service Provider currently provides active medical, pharmacy(Rx) and dental administration for coverages provided through Empire and Anthem (medical), Medco(Rx), MetLife(dental) and SHPS (FSA) (Empire, Anthem, Medco, MetLife and SHPS collectively, the “Vendors”) for its U.S. Active, Salaried, Eligible Employees (“Covered Employees”). Service Provider shall keep the current contracts with the Vendors and the ITT CORPORATION SALARIED MEDICAL AND DENTAL PLAN (PLAN NUMBER 502 EIN 00-0000000) and the ITT Salaried Medical Plan and Salaried Dental Plan General Plan Terms (collectively, the “Plans”) and all coverage thereunder in full force through December 31, 2011 for Service Recipient’s Covered Employees. All claims of Service Recipient’s Covered Employees made under the Plans and incurred on or prior to December 31, 2011 the (“2011 Plan Year”) will be adjudicated in accordance with the current contract and Service Provider will continue to take such actions on behalf of Service Recipient’s Covered Employees as if such employees are employees of Service Provider. All medical, dental, pharmacy and FSA claims of Service Recipient’s Covered Employees made under the Plans (the “Claims”) will be paid by the Vendors on behalf of the Service Provider. Service Recipient will pay Service Provider for coverage based on 2011 budget premium rates previously set for the calendar year 2011 and described in the “Pricing” section below. Service Recipient will pay Service Provider monthly premium payments for this service, for any full or partial months, based on actual enrollment for the months covered post-spin using enrollments as of the first (1st) calendar day of the month, commencing on the day after the Distribution Date. Service Recipient will prepare and deliver to Service Provider a monthly self xxxx containing cost breakdown by business unit and plan tier as set forth on Attachment A, within five (5) Business Days after the beginning of each calendar month. The Service Recipient will be required to pay the Service Provider the monthly premium payments within ten (10) Business Days after the beginning of each calendar month. A detailed listing of Service Recipient’s employees covered, including the Plans and enrollment tier in which they are enrolled, will be made available to Service Provider upon its reasonable request. Service Provider will retain responsibility for executing funding of Claim payments and eligibility management with Vendors through December 31, 2013. Service Provider will conduct a Headcount True-Up (as defined below) of the monthly premiums and establish an Incurred But Not Reported (“IBNR”) claims reserve for Claims incurred prior to December 31, 2011 date, but paid after that date, and conduct a reconciliation of such reserve. See “Headcount True-Up” and “IBNR Reconciliation” sections under Additional Pricing for details.

  • Duties and Responsibilities of Executive During the Employment Period, Executive shall devote his full working time to (a) the business of the Company and its Affiliates and (b) performance of the duties and responsibilities assigned to Executive to the best of Executive’s ability and with reasonable diligence. Executive’s Employment shall also be subject to the policies maintained and established by the Company, as such policies may be amended from time to time. Executive shall at all times use his best efforts to comply in good faith with laws applicable to Executive’s actions on behalf of the Company and its Affiliates.

  • Business Locations; Agent for Process Each of Borrower’s and each of its Subsidiary’s chief executive office, location of books and records and other places of business are as listed on Exhibit 6.1.1 hereto, as updated from time to time by Borrower in accordance with the provisions of subsection 6.1.1. During the preceding one-year period, neither Borrower nor any of its Subsidiaries has had an office, place of business or agent for service of process, other than as listed on Exhibit 6.1.1. All tangible Collateral is and will at all times be kept by Borrower and its Subsidiaries in accordance with subsection 6.1.1. Except as shown on Exhibit 6.1.1, as of the date hereof, no Inventory is stored with a bailee, distributor, warehouseman or similar party, nor is any Inventory consigned to any Person.

  • Access to Personnel and Records Each audited Party shall authorize, and use its commercially reasonable efforts to cause, its respective auditors to make available to the other Party’s auditors (each such other Party’s auditors, collectively, the “Other Parties’ Auditors”) both the personnel who performed or are performing the annual audits of such audited party (each such Party with respect to its own audit, the “Audited Party”) and work papers related to the annual audits of such Audited Party, in all cases within a reasonable time prior to such Audited Party’s expected auditors’ opinion date, so that the Other Parties’ Auditors are able to perform the procedures they consider necessary to take responsibility for the work of the Audited Party’s auditors as it relates to their auditors’ report on such other Party’s financial statements, all within sufficient time to enable such other Party to meet its timetable for the printing, filing and public dissemination of its annual financial statements. Each Party shall make available to the Other Parties’ Auditors and management its personnel and Records in a reasonable time prior to the Other Parties’ Auditors’ opinion date and other Parties’ management’s assessment date so that the Other Parties’ Auditors and other Parties’ management are able to perform the procedures they consider necessary to conduct their respective Internal Control Audit and Management Assessments.

  • Compensation and Related Matters During the Term of the Executive’s employment, as compensation and consideration for the performance by the Executive of the Executive’s duties, responsibilities and covenants pursuant to this Agreement, the Company shall pay the Executive and the Executive agrees to accept in full payment for such performance the amounts and benefits set forth below.

  • Position and Responsibilities During the term of Executive’s employment hereunder, Executive agrees to serve as an Executive Vice President of the Bank. Executive shall perform administrative and management services for the Bank which are customarily performed by persons in a similar executive officer capacity. During said period, Executive also agrees to serve as an officer and director of any subsidiary of the Bank or the Company, if elected.

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