Position Duties and Responsibilities Place of Performance. (a) The Executive shall be appointed as Executive Vice President, President of Global Generics R&D of the Company (as defined below). In such capacity, the Executive shall report directly to the President and Chief Executive Officer of Teva Pharmaceutical Industries Ltd. (“TPI”, and collectively with Teva USA, the “Company”). In addition, the Executive shall have such additional executive duties and responsibilities as may be assigned to her by the President and Chief Executive Officer of TPI. If the Executive is elected as a director or officer of any subsidiary or affiliate of the Company, the Executive shall serve in such capacity or capacities without additional compensation. (b) The Executive’s principal place of employment shall be at Teva USA’s offices in Parsippany, New Jersey, although the Executive understands and agrees that it is expected that the Executive will be required to travel extensively (including internationally) in connection with the performance of her duties hereunder. (c) Notwithstanding anything in this Agreement to the contrary, the Executive, while in the United States, (i) shall not have authority to bind TPI or any of its non-U.S. subsidiaries and (ii) shall be subject to such further restrictions as to her activities on behalf of TPI or its non-U.S. subsidiaries as may be determined by TPI from time to time.
Appears in 1 contract
Samples: Employment Agreement (Teva Pharmaceutical Industries LTD)
Position Duties and Responsibilities Place of Performance. (a) The Executive shall continue to be appointed employed as the President and Chief Executive Vice PresidentOfficer, President of Global Generics R&D Operations of the Company (as defined below)Teva Group. In such capacitycapacities, the Executive shall report directly to the President and Chief Executive Officer of Teva Pharmaceutical Industries Ltd. (“TPI”, and collectively with Teva USA, the “Company”). In addition, the Executive shall have such additional executive duties and responsibilities as may be assigned to her him by the President and Chief Executive Officer of TPI, so long as such duties and responsibilities are consistent with his positions as President and Chief Executive Officer, Global Operations of the Teva Group. If the Executive is elected as a director or officer of any subsidiary or affiliate of the Company, the Executive shall serve in such capacity or capacities without additional compensation, other than indemnification and directors’ and officers’ liability insurance as provided in Section 24 below.
(b) The Executive’s principal place of employment shall be at Teva USA’s offices in Parsippany, New Jersey, although the Executive understands and agrees that it is expected that the Executive will be required to travel extensively (including internationally) in connection with the performance of her his duties hereunder.
(c) Notwithstanding anything in this Agreement to the contrary, the Executive, while in the United States, (i) shall not have authority to bind TPI or enter into contractual arrangements on behalf of any of its non-U.S. subsidiaries member of the Teva Group and (ii) shall be subject to such further restrictions as to her his activities on behalf of TPI or its the non-U.S. subsidiaries members of the Teva Group as may be reasonably determined by TPI from time to time.
Appears in 1 contract
Samples: Employment Agreement (Teva Pharmaceutical Industries LTD)