Personal Trust Sample Clauses

Personal Trust. Since the position of the Employee is one of special trust and confidence, and the conditions of his employment do not allow a proper control over his working hours, the Employee shall not be granted any other compensation and/or payment other than expressly specified herein. The Employee acknowledges that he may be required to work "overtime" or during "weekly rest-hours" without being entitled to "overtime compensation" or "weekly rest-hour compensation", and he undertakes to comply with such requirements of the Company, to the extent reasonably possible. The Employee acknowledges that the compensation to which he is entitled pursuant to this Agreement constitutes adequate compensation for his work during "overtime" or "weekly rest-hours".
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Personal Trust. 5.1 Employee shall fulfill his job faithfully and diligently, shall utilize all of his skills, talents, knowledge and experience to VCI's benefit and advantage. 5.2 Employee shall devote all of his professional time, attention, energy, skill, learning and best efforts to the Business of VCI, as deemed proper by VCI. 5.3 Employee shall promptly notify VCI, without any delay, of any issue or subject in which he has a personal interest and which may lead to a conflict of interest with his performance of this Agreement or with the Business. 5.4 With the exception of salary and benefits paid by VCI to Employee, Employee shall not accept or receive from any third party, any payment, benefit, gain, pecuniary advantage or interest of any kind, pursuant or pertaining, directly or indirectly, to the services he performs hereunder for VCI. Breach of this obligation, shall be considered a fundamental breach of this Agreement, and without limiting any other remedies available to VCI in such circumstances, any and all payment, benefit, gain, pecuniary advantage or interest of any kind, received by Employee shall belong to VCI, who shall be entitled to deduct such payment, benefit, gain, pecuniary advantage or interest of any kind, from any and all monies or benefits to which Employee shall be entitled to receive from VCI. 5.5 Any hours that Employee serves VCI beyond those set forth in section 4.1 are expressly agreed to be on a voluntary basis, not entitling Employee to receive any additional consideration whatsoever (beyond Employee's Base Salary).
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Personal Trust. 6.1 The Employee undertakes to carry out his duties with dedication and loyalty, to use all his abilities, knowledge and experience to the benefit of the Company. 6.2 During the period of his employment by the Company, the Employee shall not be entitled to engage in any additional work, with or without pay, of any kind whatsoever without receiving advance written authorization by the CEO of the Company. 6.3 The Employee undertakes to inform the Company, immediately and without delay, of any matter or issue regarding which he has a personal interest and/or which are liable to create a conflict of interests with his position in the Company. 6.4 The Employee's position is one of the positions requiring a special degree of personal trust, as defined in the Work and Rest Hours Law 1951, and therefore the instructions of this Law shall not apply to him.
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Personal Trust. 4.1. The Employee undertakes to perform his duties diligently and loyally and to use all his qualifications, knowledge and experience for the companies' benefit. The companies undertake that during the term of the Employee's employment, they shall grant him appropriate employment terms and conditions as specified in the provisions of this contract and subject thereto.
Sample 1
Personal Trust. It is acknowledged and recorded that the “Hours of Work and Rest Law, 5711-1951” (Hok Sheot Avoda U’menucha) (the “HWR Law”), shall not apply with respect to the engagment of Lurya herein, since the position of Lurya is one of special trust and confidence, and the conditions of his engagment do not allow a proper control over his working hours. Therefore, Lurya shall not be granted any other compensation and/or payment other than expressly specified herein, and the Lurya undertakes not to claim that the HWR Law applies to his employment with the Company. Lurya acknowledges that he may be required to work “overtime” or during “weekly rest-hours” without being entitled to “overtime compensation” or “weekly rest-hour compensation” (as these terms are defined in the HWR Law), and he undertakes to comply with such requirements of the Company, to the extent reasonably possible. Lurya acknowledges that the compensation to which he is entitled pursuant to this Agreement constitutes adequate compensation for his work during “overtime” or “weekly rest-hours”.
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Personal Trust. Clause 3(b) in Part Two of the Employment Agreement shall apply to the parties.
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Personal Trust. 5.1 The Employee undertakes to act diligently, devotedly, faithfully, and with fidelity in carrying out this Agreement, and to act to the best of his ability for the good of the Company. 5.2 Without derogating from the generality of Section 5.1 above, with the exception of the passive management of his personal investments, the Employee shall not engage in any other occupation or other business activity, nor receive a benefit or a promise of benefit from any person or other body regarding his employment in the Company, without the prior approval of the Company. 5.3 Without derogating from the generality of Section 5.1 above, the Employee shall not make use of information and/or documents that have come to his attention in the framework of his employment, and shall refrain from any matter that involves a conflict of interest or is liable to constitute a conflict of interest between the interests of the Company and his interests or those of another person or entity connected with him. 5.4 Without derogating from the generality of Section 5.1 above, the Employee undertakes to inform the Company, immediately and without delay, of any matter or subject in which he has a personal interest and/or which is liable to cause a conflict of interest between his interests and the interests of the Company. 5.5 The Employee’s position is counted amongst those positions requiring a special degree of personal trust according to the meaning of this term in the Hours of Work and Rest Law, 1951 (Hereinafter: the “Hours of Work Law”), and therefore the provisions of this Law shall not apply to the Employee. 5.6 These provisions are supplementary to any fiduciary duty imposed upon the Employee pursuant to any law and/or practice and/or agreement and shall not derogate therefrom.
Sample 1
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Personal Trust. The CEO’s role is part of the roles of the management, as defined by Hours of Work and Rest Law 5711-1951 that require a special measure of personal trust and thus the above law’s orders shall not be applied to The CEO and he shall not be entitled to any additional compensation for his work except for the one specifically detailed in this agreement.
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Personal Trust 
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Related to Personal Trust

  • The Trust World Omni acknowledges and agrees that (a) WOAR will, pursuant to the Sale and Servicing Agreement, sell the Receivables to the Trust and assign its rights under this Agreement to the Trust and (b) the Trust will, pursuant to the Indenture, grant the Receivables and its rights under this Agreement and the Sale and Servicing Agreement to the Indenture Trustee on behalf of the Noteholders. World Omni hereby consents to all such sales and assignments and agrees that the Trust or, if pursuant to the Indenture, the Indenture Trustee, may exercise the rights of WOAR and enforce the obligations of World Omni hereunder directly and without the consent of WOAR.

  • PERPETUAL TRUSTEES W A. LTD. (ACN 008 666 886) of 00 Xx. Xxxxxx’s Terrace Perth in the State of Western Australia as trustee of the Burswood Property Trust (“the Trustee”); BURSWOOD RESORT (MANAGEMENT) LIMITED (ACN 009 396 945) of 00 Xxx Xxxxxxxxx Xxxxx xx xxx Xxxxx xx Xxxxxxx Xxxxxxxxx as manager of the Burswood Property Trust (“the Manager”) of the third part.

  • Voting Trust The voting trust hereby created shall commence on the date hereof and continue through and including December 31, 2005. Throughout such period the Trustee shall have the exclusive right to vote upon such shares or to give written consents in lieu of voting thereon, subject to any limitation on the right to vote contained in the Articles of Incorporation or other certificate filed pursuant to law, in person or by proxy at all meetings of the shareholders of the Corporation, and in all proceedings wherein the vote or written consent of shareholders may be required or authorized by law.

  • The Trust Agreement The Trust Agreement has been duly authorized, executed and delivered by the Company and constitutes a valid and legally binding obligation of the Company enforceable against the Company in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability.

  • Anti-Trust The MA Dual SNP hereby certifies to HHSC that neither the MA Dual SNP, nor the person represented by the MA Dual SNP, nor any person acting for the represented person, has been found by a judgment of a court of law to have violated the anti-trust laws codified by Chapter 15, Texas Business and Commerce Code, or the federal anti-trust laws.

  • Delaware Trustee The name and business address of the trustee of the Trust in the State of Delaware is Wilmington Trust Company, Xxxxxx Square North, 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000-0000.

  • Initial Trustee Upon his execution of this Declaration of Trust or a counterpart hereof or some other writing in which he accepts such Trusteeship and agrees to the provisions hereof, the individual whose signature is affixed hereto as Initial Trustee shall become the Initial Trustee hereof.

  • The Trust Fund Xxxxxx Mae, acting in its capacity as Trustee for the Lower Tier REMIC, does hereby transfer, assign, set over and otherwise convey to Xxxxxx Xxx, acting in its capacity as Trustee for the Trust Fund established hereby, all of Xxxxxx Mae’s right, title and interest in and to the Lower Tier Regular Classes, including all payments of principal and interest thereon received after the month of the Issue Date.

  • Duties of Delaware Trustee (a) The Delaware Trustee is appointed to serve as the trustee of the Trust in the State of Delaware for the sole purpose of satisfying the requirement of Section 3807(a) of the Statutory Trust Statute that the Trust have at least one trustee with a principal place of business in Delaware. It is understood and agreed by the parties hereto that the Delaware Trustee shall have none of the duties or liabilities of the Trustee. (b) The duties of the Delaware Trustee shall be limited to (i) accepting legal process served on the Trust in the State of Delaware, (ii) the execution of any certificates with respect to the Trust required to be filed with the Secretary of State which the Delaware Trustee is required to execute under Section 3811 of the Statutory Trust Statute and (iii) such other duties as are set forth in this Article VIII. To the extent that, at law or in equity, the Delaware Trustee has duties (including fiduciary duties) and liabilities relating thereto to the Trust or the Holders of the REMIC I Regular Interests or the Certificates, it is hereby understood and agreed by the parties hereto that such duties and liabilities are replaced by the duties and liabilities of the Delaware Trustee expressly set forth in this Agreement.

  • No Legal Title to Owner Trust Estate in Certificateholders The Certificateholders shall not have legal title to any part of the Owner Trust Estate. The Certificateholders shall be entitled to receive distributions with respect to their undivided ownership interest therein only in accordance with Articles V and IX. No transfer, by operation of law or otherwise, of any right, title or interest of the Certificateholders to and in their ownership interest in the Owner Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal title to any part of the Owner Trust Estate.

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