Offices and Duties Sample Clauses
The "Offices and Duties" clause defines the specific roles, responsibilities, and locations of key personnel or officers within an organization. It typically outlines which positions exist, what their main functions are, and where their official duties are to be performed, such as specifying that a president oversees daily operations or that a secretary maintains records at the principal office. This clause ensures organizational clarity by formally assigning duties and establishing where official business is conducted, thereby reducing confusion and supporting effective governance.
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Offices and Duties. (a) During the Term (as hereinafter defined), Executive shall serve as the Chief Financial Officer of the Company and shall have such duties and responsibilities that are commensurate with such position and such other duties and responsibilities consistent with such position as are from time to time reasonably assigned to Executive by the Company’s Chief Executive Officer or Board of Directors (the “Board”). Such duties and responsibilities shall include but not be limited to general oversight and management over all financial operations of the Company and any subsidiaries of the Company. Executive shall report to the Company’s Chief Executive Officer. Executive hereby agrees that throughout the Term he shall faithfully, diligently and to the best of his ability, in furtherance of the business of the Company, perform the duties assigned to his or incidental to the offices assumed by him pursuant to this Section. Executive shall devote all of his business time and attention to the business and affairs of the Company and the performance of Executive’s duties and responsibilities hereunder. Notwithstanding the foregoing, Company acknowledges that Executive shall be permitted to render the services set forth in Schedule 1 hereto and such other activities that do not interfere or conflict with, or compromise his ability to perform, his duties hereunder, and do not create a potential business conflict, and with respect to which the Board has expressly consented and approved in advance in writing. Executive represents and warrants to the Company that Executive has the legal right to enter into this Agreement and to perform all of the obligations on Executive’s part to be performed hereunder in accordance with its terms and that Executive is not a party to any agreement or understanding, written or oral, which could prevent Executive from entering into this Agreement or performing all of Executive’s obligations hereunder. The Company represents and warrants to Executive that the Company has the legal right to enter into this Agreement and to perform all of the obligations on the Company’s part to be performed hereunder in accordance with its terms and that the Company is not a party to any agreement or understanding, written or oral, which could prevent the Company from entering into this Agreement or performing all of the Company’s obligations hereunder.
(b) Executive shall work at Company’s headquarters in New York, New York.
Offices and Duties. The provisions of this Section 3 will apply during the Term, except as otherwise provided in Section 7(c) or 7(e):
Offices and Duties. The provisions of this Section 3 will apply during the Term:
Offices and Duties. The Company hereby employs Executive during the Term (as hereinafter defined) to serve as the Company's President and Chief Executive Officer and to perform such executive and supervisory duties on behalf of the Company as the Company's Board of Directors may from time to time reasonably direct. By its approval of this Agreement, the Company's Board of Directors shall also agree to elect Executive to serve as the Company's Chairman, and may elect or designate Executive to serve in such other corporate offices of the Company or a subsidiary or affiliate of the Company as the Company's Board of Directors from time to time may deem necessary, proper or advisable and as the Executive shall accept. Executive hereby accepts such employment and agrees that throughout the Term he shall faithfully, diligently and to the best of his ability, in furtherance of the business of the Company, perform the duties assigned to him or incidental to the offices assumed by him pursuant to this Section. Executive shall devote substantially all of his business time and attention to the business and affairs of the Company, but Executive shall not be required to devote any minimum amount of time or report or perform his duties hereunder on a fixed or periodic basis, and Executive may engage or participate in such other activities incidental to any other employment, occupation or business venture or enterprise as do not materially interfere with or compromise his ability to perform his duties hereunder. Executive shall at all times be subject to the direction and control of the Company's Board of Directors, and observe and comply with such rules, regulations, policies and practices as the Company's Board of Directors may from time to time establish.
Offices and Duties. (a) The Company hereby employs Executive during the Term (as hereinafter defined) to serve as the Company's Executive Vice President and Chief Financial Officer. As such, Executive shall have principal responsibility and authority (subject to the provisions of Section 1(c)) to administer all financial and accounting functions for the Company and its subsidiaries, including without limitation with respect to:
(i) financial recordkeeping and reporting;
(ii) interfacing with the Company's independent auditors;
(iii) preparation and interpretation of budgets, projections and other financial analyses;
(iv) tax reporting and compliance;
(v) cash management; and
(vi) reporting to and advising the Company's Board of Directors and executive management on financial, accounting, tax and compensation matters. Within the scope of such functions and duties, Executive shall perform such administrative and supervisory services on behalf of the Company as the Company's Board of Directors or a Superior Officer (as hereinafter defined) may from time to time reasonably direct. The Company's Board of Directors or a Superior Officer may appoint or designate Executive to serve in such other corporate offices of the Company or a Subsidiary (as hereinafter defined) as they may from time to time deem necessary, proper or advisable; provided that, without his consent (which shall not be unreasonably withheld), Executive shall not be required to occupy or serve in any office which (i) is not reasonably related to his functions and duties as Chief Financial Officer and (ii) involves other substantial duties or liabilities.
(b) Executive shall devote substantially all of his business time and attention to the business and affairs of the Company.
(c) Executive shall at all times be subject to the direction and control of the Company's Board of Directors and the Superior Officers and observe and comply with such rules, regulations, policies and practices as the Company's Board of Directors or the Superior Officers may from time to time establish.
(d) Executive hereby accepts such employment and agrees that throughout the Term he shall faithfully, diligently and to the best of his ability, in furtherance of the business of the Company, perform the duties assigned to him or incidental to the offices assumed by him pursuant to this Section.
Offices and Duties. During the Term, the Executive will serve as Vice President, Chief Compliance Officer and Director of Security for the Company, and as an officer or director of any subsidiary or affiliate of the Company if elected to any such position by the shareholders or by the Board of Directors of the Company or any subsidiary or affiliate, as the case may be. In such capacities, the Executive shall perform such duties and shall have such responsibilities as are normally associated with such positions and as otherwise may be assigned to the Executive from time to time by the Chief Executive Officer or upon the authority of the Board of Directors of the Company. Subject to Section 5(e), Executive’s functions, duties and responsibilities are subject to reasonable changes as the Company may in good faith determine. The Executive hereby agrees to accept such employment and to serve the Company to the best of his ability in such capacities, devoting substantially all of his business time to such employment.
Offices and Duties. (a) During the Term (as hereinafter defined), Executive shall serve as the President and CEO of the Company and shall have such duties and responsibilities that are commensurate with such position and such other duties and responsibilities consistent with such position as are from time to time reasonably assigned to Executive by the Company’s Board of Directors (the "Board"). Such duties and responsibilities shall include but not be limited to the following: (i) general oversight and management over all day to day operations of the Company and any subsidiaries of the Company, (ii) oversight and supervision, directly or indirectly, over all employees of the Company, including but not limited to the right and authority to hire and terminate such employees (other than the Chief Financial Officer), and (iii) in conjunction with the Board, setting the overall direction and strategy of the Company. Executive shall report to the Company’s Board of Directors. Executive will be the most senior employee of the Company and all employees of the Company will report directly or indirectly to him; provided the foregoing shall not be interpreted as preventing the Chief Financial Officer to report dually to Executive and to the Board or any committee thereof, including the Audit Committee. Executive will advise the Board before terminating any officer of the Company and will give Board the opportunity to comment on and discuss such proposed termination, although Executive’s decision (with respect to all employees other than the Chief Executive Officer) will be final. Executive hereby agrees that throughout the Term he shall faithfully, diligently and to the best of his ability, in furtherance of the business of the Company, perform the duties assigned to him or incidental to the offices assumed by him pursuant to this Section. Executive shall devote all of his business time and attention to the business and affairs of the Company and the performance of Executive’s duties and responsibilities hereunder. Notwithstanding the foregoing, Company acknowledges that Executive shall be permitted to render the services set forth in Schedule 1 hereto and such other activities that do not interfere or conflict with, or compromise his ability to perform, his duties hereunder, and do not create a potential business conflict, and with respect to which the Board has expressly consented and approved in advance in writing. Executive represents and warrants to the Company that Executive has ...
Offices and Duties. During the term of his employment, Executive will perform such duties as the Board of Directors of the Company ("BOARD") may prescribe from time to time, consistent with Executive's titles, and Executive shall report to the Board. Executive agrees that during the term of his employment, he will devote substantially all of his business time and attention to fulfilling his duties under this Agreement. Notwithstanding the foregoing, nothing in this Agreement shall preclude Executive from devoting reasonable periods of time and effort to (i) charitable, community and personal activities, (ii) management of his personal investment assets, and (iii) with the approval of the Board, serving as a director or advisor of any other business entity; provided, however, that in each case, such activity does not interfere in any material respect with the performance by Employee of his duties hereunder, and does not violate SECTION 4 hereof. Executive hereby represents and warrants that neither Executive's entry into this Agreement nor Executive's performance of his obligations hereunder will conflict with or result in a breach of the terms, conditions or provisions of any other agreement or obligation of any nature to which Executive is a party or by which Executive is bound, including, without limitation, any employment agreement, non-competition agreement or confidentiality agreement entered into by Executive.
Offices and Duties. The Company hereby employs Executive during the Term (as hereinafter defined) to serve as the Company’s President and Chief Executive Officer and to perform such executive and supervisory duties on behalf of the Company as the Company’s Board of Directors may from time to time reasonably direct. Executive hereby accepts such employment and agrees that throughout the Term he shall faithfully, diligently and to the best of his ability, in furtherance of the business of the Company, perform the duties assigned to him or incidental to the offices assumed by him pursuant to this Section. Executive shall devote substantially all of his business time and attention to the business and affairs of the Company, but Executive shall not be required to devote any minimum amount of time or report or perform his duties hereunder on a fixed or periodic basis, and Executive may engage or participate in such other activities incidental to any other employment, occupation or business venture or enterprise as do not materially interfere with or compromise his ability to perform his duties hereunder. Executive shall at all times be subject to the direction and control of the Company’s Board of Directors, and observe and comply with such rules, regulations, policies and practices as the Company’s Board of Directors may from time to time establish.
Offices and Duties. The EMPLOYEE shall be appointed and/or elected, and shall serve, as the _______________________of the CORPORATION for the term of his employment hereunder. Should the CORPORATION decide to alter the titles and/or positions, it must provide the EMPLOYEE with an essentially equivalent or better position, with equivalent or better salary and benefits.