POSITION, DUTIES AND AUTHORITIES. (a) During the Term of Employment, the Executive shall be employed as President and Chief Operating Officer with the duties, responsibilities and authorities customarily associated with such positions for other businesses of the same size and in the same industry, together with any other duties of a senior executive nature as may be reasonably requested by the Board from time to time, which may include duties for one or more subsidiaries or affiliates of the Company. In performing the Executive’s duties under this Agreement, the Executive shall perform such duties subject to supervision and in accordance with the policies and directives established by the Board.
(b) The Executive is permitted to engage in charitable, community and business affairs, managing personal investments and serving as a member of boards of directors of industry associations or non-profit or for profit organizations and companies so long as such activities do not materially interfere, in the opinion and reasonable discretion of the Board, with the Executive carrying out his duties and responsibilities under this Agreement. Thereafter, not less often than on January 1 of each renewal year, the Executive shall disclose in writing to the Board any changes to the information with respect to involvement in such entities or organizations.
POSITION, DUTIES AND AUTHORITIES. (a) During the Term of Employment, the Executive shall be employed as Vice President, Secretary and General Counsel of the Company and as Vice President, Secretary and General Counsel of the Company's wholly-owned subsidiary, Rio Properties. Subject to supervision and in accordance with the policies and directives established by the Board, and subordinate to and working under the supervision of the Chief Executive Officer and President of the Company, in the case of the Company, and the Chief Operating Officer of Rio Properties in the case of Rio Properties, the Executive shall be the General Counsel of the Company's and Rio Properties' day-to-day business operations, with the duties, responsibilities and authorities customarily associated with such positions. The Executive shall be entitled to no additional remuneration for serving as an officer of Rio Properties or any other Subsidiary.
(b) Anything herein to the contrary notwithstanding, nothing shall preclude the Executive from engaging in charitable, community and business affairs, managing his personal investments and serving as a member of boards of directors of industry associations or non-profit or for profit organizations and companies so long as such activities do not materially interfere in the opinion and sole discretion of the Chief Executive Officer of the Company with the Executive's carrying out his duties and responsibilities under the Agreement. The Executive shall disclose all relationships covered under this Paragraph 3(b) in the Executive's personal history disclosure form to be submitted to the Nevada Gaming Control Board in connection with the Executive's required licensing and such form shall, prior to filing of such form, be submitted to the Company's Chief Executive Officer for review. Thereafter, not less often than on January 1 of each year, the Executive shall disclose in writing to the Chief Executive Officer of the Company any changes to the information with respect to involvement in such entities or organizations.
POSITION, DUTIES AND AUTHORITIES. (a) During the Term of Employment, the Executive shall be employed as Chairman of the Board, Chief Executive Officer and President of the Company, with the duties, responsibilities and authorities customarily associated with such positions for other businesses of the same size and in the same industry, together with any other duties of a senior executive nature as may be reasonably requested by the Board from time to time, which may include duties for one or more subsidiaries or affiliates of the Company. In performing the Executive's duties under this Agreement, the Executive shall perform such duties subject to supervision and in accordance with the policies and directives established by the Board.
(b) The Executive is permitted to engage in charitable, community and business affairs, managing personal investments and serving as a member of boards of directors of industry associations or non-profit or for profit organizations and companies so long as such activities do not materially interfere, in the opinion and reasonable discretion of the Board, with the Executive carrying out his duties and responsibilities under this Agreement. The Executive has advised the Company that he is also a director and an officer of Terrible Xxxxxx, Inc. and its affiliates and the Company consents to the continued provision of these services as long as Executive's duties to Terrible Xxxxxx, Inc. do not materially impact Executive's full-time duties and responsibilities to the Company. Thereafter, not less often than on January 1 of each year, the Executive shall disclose in writing to the Board any changes to the information with respect to involvement in such entities or organizations.
POSITION, DUTIES AND AUTHORITIES. During the Term of Employment, the Executive shall be employed as the Vice President of Engineering and Manufacturing of the Company. Subject to supervision and in accordance with the policies and directives established by the Chief Executive Officer, the Executive's duties and responsibilities shall include those duties set forth on Exhibit 'A', attached hereto, and such other duties, responsibilities and authorities customarily associated with such positions.
POSITION, DUTIES AND AUTHORITIES. The Executive shall be employed as the Executive Chairman & Chief Executive Officer. Subject to supervision and in accordance with the policies and directives established by the Board, the Executive’s duties and responsibilities shall include those duties set forth on Exhibit ‘A’, attached hereto, and such other duties, responsibilities and authorities customarily associated with such positions.
POSITION, DUTIES AND AUTHORITIES. (a) During the Term of Employment, subject to supervision and in accordance with the policies and directives established by the Board, and subordinate to and working under the supervision of the Chief Executive Officer (CEO) of the Company, the Company shall employ Executive as the CFO of the Company, with the duties, responsibilities and authorities customarily associated with such positions. The Executive shall be entitled to no additional remuneration for serving as an officer of the Company.
(b) The Executive is permitted to engage in charitable, community and business affairs, managing personal investments and serving as a member of boards of directors of industry associations or non-profit or for profit organizations and companies so long as such activities do not materially interfere, in the opinion and sole discretion of the CEO of the Company, with the Executive’s duties and responsibilities under the Agreement. Thereafter, not less often than on January 1 of each year, the Executive shall disclose in writing to the CEO of the Company any changes to the information with respect to involvement in such entities or organizations.
POSITION, DUTIES AND AUTHORITIES. (a) During the Term of Employment and subject to the customary, reasonable policies and directives established by the President, the Executive shall be employed as full-time Executive Vice President, with the duties, responsibilities and authorities commensurate with such title as may be assigned from time to time by the President, subject to material changes in the Executive's responsibilities being approved by the Board of Directors of the Company. The Executive shall report to and be under the reasonable direction and control of the President of the Company.
(b) The Executive is permitted to engage in charitable and community affairs, managing personal investments and serving as a member of boards of directors of industry associations or non-profit or for profit organizations so long as such activities do not materially interfere, in the reasonable opinion of the President, with the Executive carrying out his duties and responsibilities under this Agreement. Prior to the date hereof, the Executive has disclosed to the Company in writing his current involvement in such entities or organizations. Not less often than on January 1 of each year, the Executive shall disclose in writing to the President of the Company any changes to the information with respect to involvement in such entities or organizations.
POSITION, DUTIES AND AUTHORITIES. During the Term of Employment, the Executive shall be employed as the Chief Financial Officer of the Company. Subject to supervision and in accordance with the policies and directives established by the Chief Executive Officer, the Executive’s duties and responsibilities shall include responsibility for all accounting and SEC reporting functions and such other duties, responsibilities and authorities customarily associated with such positions.
POSITION, DUTIES AND AUTHORITIES. (a) During the Term of Employment, Executive shall be employed as Chief Executive Officer of the Company and, subject to supervision by the Board, he shall have overall charge of the business operations of the Company, with the duties responsibilities and authorities normally associated with such position. It is also the intention of the Parties that Executive shall serve as a director of the Company throughout the Term of Employment but, except as provided in Paragraph 1(h)(i)(E), it shall not be a breach of the terms of this Agreement if Executive is not elected or reelected to the Board. Executive shall be entitled to no additional remuneration for serving on the Board or as an officer or director of a Subsidiary.
(b) Anything herein to the contrary notwithstanding, nothing shall preclude Executive from (i) engaging in charitable, community and business affairs, managing his personal investments and serving as a member of boards of directors so long as such activities do not materially interfere with his carrying out his duties and responsibilities under the Agreement or (ii) having his name appear in the name of the law firm in which he was a member immediately prior to his employment by the Company and receiving nominal compensation therefor so long as Executive renders no services to such firm.
(c) During the term of Employment, Executive shall perform his services from an office in Atlantic City, New Jersey and at such other offices of the Company as may be required by his duties; provided, however, that Executive shall not be required to move his home from Xxxxxxx, New Jersey.
POSITION, DUTIES AND AUTHORITIES. (a) During the Term of Employment, Executive shall be employed as Executive Vice President - Finance and Treasurer of the Company and his duties, responsibilities and authorities shall be as set forth on Exhibit A. Executive shall report directly to and be subject to supervision by the Board and the Company's Chief Executive Officer.
(b) Anything herein to the contrary notwithstanding, nothing shall preclude Executive from engaging in charitable, community and business affairs, managing his personal investments and serving as a member of boards of directors so long as such activities do not materially interfere with his carrying out his duties and responsibilities under the Agreement.
(c) During the term of Employment, Executive shall perform his services from an office in Atlantic City, New Jersey and at such other offices of the Company as may be required by his duties; provided, however, that Executive shall not be required to move his home from Hastings on Xxxxxx, New York.
