Common use of NATURE OF EMPLOYMENT/DUTIES Clause in Contracts

NATURE OF EMPLOYMENT/DUTIES. Employee shall serve as Chief Credit Officer of the Bank with such duties, responsibilities and authorities of such office as may be assigned to him by the Bank and as are customarily associated with such office. Employee shall report to the President/Chief Executive Officer of the Bank. 2.1 Employee shall perform all duties and exercise all authority in accordance with, and otherwise comply with, all Bank policies, procedures, practices and directions. 2.2 Employee shall devote substantially all working time, best efforts, knowledge and experience to perform successfully his duties and advance the Bank’s interests. During his employment, Employee shall not engage in any other business activities of any nature whatsoever for which he receives compensation without the Bank’s prior written consent; provided, however, this provision does not prohibit him from personally owning and trading in stocks, bonds, securities, real estate, commodities or other investment properties for his own benefit and which do not create actual or potential conflicts of interest with the Bank.

Appears in 1 contract

Samples: Employment Agreement (Four Oaks Fincorp Inc)

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NATURE OF EMPLOYMENT/DUTIES. Employee shall serve as Chief Credit Financial Officer of the Bank with such duties, responsibilities and authorities of such office as may be assigned to him her by the Bank and as are customarily associated with such office. Employee shall report to the President/Chief Executive Officer of the Bank. 2.1 Employee shall perform all duties and exercise all authority in accordance with, and otherwise comply with, all Bank policies, procedures, practices and directions. 2.2 Employee shall devote substantially all working time, best efforts, knowledge and experience to perform successfully his her duties and advance the Bank’s interests. During his her employment, Employee shall not engage in any other business activities of any nature whatsoever for which he she receives compensation without the Bank’s prior written consent; provided, however, this provision does not prohibit him her from personally owning and trading in stocks, bonds, securities, real estate, commodities or other investment properties for his her own benefit and which do not create actual or potential conflicts of interest with the Bank.

Appears in 1 contract

Samples: Employment Agreement (Four Oaks Fincorp Inc)

NATURE OF EMPLOYMENT/DUTIES. Employee shall serve as Chief Credit Officer Senior Vice President, Strategic Project Manager of the Bank with such duties, responsibilities and authorities of such office as may be assigned to him by the Bank and as are customarily associated with such officeBank. Employee shall report to the President/Ayden Xxx, President and Chief Executive Officer of the BankBank and shall have such responsibilities and authority as the Bank may designate from time to time consistent with his title and position. 2.1 Employee shall perform all duties and exercise all authority in accordance with, and otherwise comply with, all Bank Company policies, procedures, practices and directions. 2.2 Employee shall devote substantially all working time, best efforts, knowledge and experience to perform successfully his duties and advance the Bank’s interests. During his employment, Employee shall not engage in any other business activities of any nature whatsoever for which he receives compensation without the Bank’s prior written consent; provided, however, this provision does not prohibit him from personally owning and trading in stocks, bonds, securities, real estate, commodities or other investment properties for his own benefit and which do not create actual or potential conflicts of interest with the Bank.

Appears in 1 contract

Samples: Employment Agreement (Four Oaks Fincorp Inc)

NATURE OF EMPLOYMENT/DUTIES. Employee shall serve as Chief Credit Banking Officer of the Bank with such duties, responsibilities and authorities of such office as may be assigned to him by the Bank and as are customarily associated with such office. Employee shall report to the President/Chief Executive Officer of the Bank. 2.1 Employee shall perform all duties and exercise all authority in accordance with, and otherwise comply with, all Bank policies, procedures, practices and directions. 2.2 Employee shall devote substantially all working time, best efforts, knowledge and experience to perform successfully his duties and advance the Bank’s interests. During his employment, Employee shall not engage in any other business activities of any nature whatsoever for which he receives compensation without the Bank’s prior written consent; provided, however, this provision does not prohibit him from personally owning and trading in stocks, bonds, securities, real estate, commodities or other investment properties for his own benefit and which do not create actual or potential conflicts of interest with the Bank.

Appears in 1 contract

Samples: Employment Agreement (Four Oaks Fincorp Inc)

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NATURE OF EMPLOYMENT/DUTIES. Employee shall serve as Chief Credit Risk Officer of the Bank with such duties, responsibilities and authorities of such office as may be assigned to him her by the Bank and as are customarily associated with such office. Employee shall report to the President/Chief Executive Officer of the Bank. 2.1 Employee shall perform all duties and exercise all authority in accordance with, and otherwise comply with, all Bank policies, procedures, practices and directions. 2.2 Employee shall devote substantially all working time, best efforts, knowledge and experience to perform successfully his her duties and advance the Bank’s interests. During his her employment, Employee shall not engage in any other business activities of any nature whatsoever for which he she receives compensation without the Bank’s prior written consent; provided, however, this provision does not prohibit him her from personally owning and trading in stocks, bonds, securities, real estate, commodities or other investment properties for his her own benefit and which do not create actual or potential conflicts of interest with the Bank.

Appears in 1 contract

Samples: Employment Agreement (Four Oaks Fincorp Inc)

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