Common use of Position Duties and Location Clause in Contracts

Position Duties and Location. Executive shall serve as Executive Vice President, Chief Business Officer and Head of US, with such responsibilities, duties and authority normally associated with such positions and as may from time to time be assigned to Executive by the Chief Executive Officer of Parent or the Board of Directors of Parent or an authorized committee thereof (in either case, the “Board”). Executive’s normal place of work shall be at the Company’s office in the Boston, Massachusetts metropolitan area. Executive shall devote substantially all of Executive’s working time and efforts to the business and affairs of the Company (which shall include service to its affiliates, if applicable) and shall not engage in outside business activities (including serving on outside boards or committees) without the consent of the Board, provided that Executive shall be permitted to (i) manage Executive’s personal, financial and legal affairs, (ii) participate in trade associations, (iii) serve on the board of directors of not-for-profit or tax-exempt charitable organizations; and (iv) continue to serve as an independent director on the board of directors of Rallybio Corporation (Nasdaq:RLYB) as previously approved by the Board, in each case, subject to compliance with this Agreement and provided that such activities do not materially interfere with nor pose any conflict with Executive’s performance of Executive’s duties and responsibilities hereunder. Executive agrees to observe and comply with the rules and policies of the Company and Parent as adopted by the Company or Parent, as applicable, from time to time, in each case as amended from time to time, as set forth in writing, and as delivered or made available to Executive (each, a “Policy”).

Appears in 1 contract

Samples: Employment Agreement (Merus N.V.)

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Position Duties and Location. Executive shall serve as Executive Senior Vice President, President and Chief Business IP Officer and Head of USthe Company, with such responsibilities, duties and authority normally associated with such positions and as may from time to time be assigned to Executive by the Chief Executive Officer of Parent or the Board of Directors of Parent or an authorized committee thereof (in either case, the “Board”)Executive. Executive’s normal place of work shall be at the Company’s office in the Boston, Massachusetts metropolitan area. Executive shall devote substantially all of Executive’s working time and efforts to the business and affairs of the Company (which shall include service to its affiliates, if including Merus N.V., a Dutch public limited liability company (“Parent”), as applicable) and shall not engage in outside business activities (including serving on outside boards or committees) without the consent of the Board of Directors of the Company or the Management Board or the Supervisory Board of Parent (collectively, the “Board”), provided that Executive shall be permitted to (i) manage Executive’s personal, financial and legal affairs, (ii) participate in trade associations, and (iii) serve on the board of directors and committees of not-for-profit or tax-exempt charitable organizations; and (iv) continue to serve as an independent director on the board of directors of Rallybio Corporation (Nasdaq:RLYB) as previously approved by the Board, in each case, subject to compliance with this Agreement and provided that such activities do not materially interfere with nor pose any conflict with Executive’s performance of Executive’s duties and responsibilities hereunder. Executive agrees to observe and comply with the written rules and policies of the Company and Parent as adopted by the Company or Parent, as applicable, applicable from time to time, in each case as amended from time to time, as set forth in writing, and as delivered or made available to Executive (each, a “Policy”).

Appears in 1 contract

Samples: Employment Agreement (Merus N.V.)

Position Duties and Location. Executive shall serve as President and Chief Executive Vice President, Chief Business Officer of the Company and Head of USthe Parent, with such responsibilities, duties and authority normally associated with such positions position and as may from time to time be assigned to Executive by the Chief Executive Officer of Parent or the Board of Directors of Parent or an authorized committee thereof (in either case, the “Board”). During the Term, Executive shall serve as a member of the Board, subject to the approval of the shareholders of Parent. Executive’s normal place of work shall be at the Company’s office in the Boston, Massachusetts metropolitan area. Executive shall devote substantially all of Executive’s working time and efforts to the business and affairs of the Company (which shall include service to its affiliates, if applicable) and shall not engage in outside business activities (including serving on outside boards or committees) without the consent of the Board, provided that Executive shall be permitted to (i) manage Executive’s personal, financial and legal affairs, (ii) participate in trade associations, (iii) serve on the board of directors of not-for-profit or tax-exempt charitable organizations; , and (iv) continue to serve as an independent director on the board boards of directors of Rallybio Corporation (Nasdaq:RLYBx) as previously approved by the BoardAdMlRx, Inc., (y) Vor BioPharma, Inc., and (z) 1928 Diagnostics, in each case, subject to compliance with this Agreement and provided that such activities do not hot materially interfere with nor pose any conflict with Executive’s performance of Executive’s duties and responsibilities hereunder. Executive agrees to observe and comply with the rules and policies of the Company and Parent as adopted by the Company or Parent, as applicable, from time to time, in each case as amended from time to time, as set forth in writing, and as delivered or made available to Executive Executive, including, without limitation, the Parent’s articles of association (statuteri) and board regulations (bestuursreglement) (each, a “Policy”).

Appears in 1 contract

Samples: Employment Agreement (Merus N.V.)

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Position Duties and Location. Executive shall serve as Executive Vice President, Chief Business Financial Officer of the Company and Head of USParent, with such responsibilities, duties and authority normally associated with such positions and as may from time to time be assigned to Executive by the Chief Executive Officer of Parent or the Board of Directors of Parent or an authorized committee thereof (in either case, the “Board”). Executive’s normal place of work shall Executive may be at required to travel to the Company’s office in the Boston, Massachusetts metropolitan areaarea in the course of executing his duties under this Agreement. Executive shall devote substantially all of Executive’s working time and efforts to the business and affairs of the Company (which shall include service to its affiliates, if applicable) and shall not engage in outside business activities (including serving on outside boards or committees, other than those approved by the Chief Executive Officer of Parent in writing prior to the Effective Date) without the consent of the Board, provided that Executive shall be permitted to (i) manage Executive’s personal, financial and legal affairs, (ii) participate in trade associations, and (iii) serve on the board of directors of not-for-profit or tax-exempt charitable organizations; and (iv) continue to serve as an independent director on the board of directors of Rallybio Corporation (Nasdaq:RLYB) as previously approved by the Board, in each case, subject to compliance with this Agreement and provided that such activities do not materially interfere with nor pose any conflict with Executive’s performance of Executive’s duties and responsibilities hereunder. Executive agrees to observe and comply with the rules and policies of the Company and Parent as adopted by the Company or Parent, as applicable, from time to time, in each case as amended from time to time, as set forth in writing, and as delivered or made available to Executive (each, a “Policy”).

Appears in 1 contract

Samples: Employment Agreement (Merus N.V.)

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