Position Duties and Term. Independent Contractor shall hold the position of Super Duper Party Rep and perform such responsibilities as required by Company in this position. The term of this Agreement shall be from the date it is signed by both Parties until one Party gives the other Party notice in writing that it is terminated. The Parties agree that the Agreement may be terminated at any time for any reason.
Position Duties and Term. (a) You will be employed by the Company as a Portfolio Manager of the collateral of Trimaran CLO IV Ltd. (“CLO IV”), Trimaran CLO V Ltd., Trimaran CLO VI Ltd. and Trimaran CLO VII Ltd. (collectively, along with CLO IV, the “CLOs”) reporting to the Chief Executive Officer (the “CEO”) of Kohlberg Capital Corporation (“KCAP”). Promptly following the date hereof, KCAP will (unless you by notice to KCAP elect otherwise) propose to its Nominating and Corporate Governance Committee (the “Nominating Committee”) your nomination to its Board of Directors of (the “KCAP Board”). Subject to the approval of such nomination by the Nominating Committee, you shall be appointed to the KCAP Board. At the first stockholder meeting after the date hereof at which you shall stand for reelection to the KCAP Board, KCAP will (unless you by notice to KCAP on or prior to the date that is 30 days prior to the date that the KCAP proxy statement for such stockholder meeting is mailed to stockholders elect otherwise) propose to its Nominating Committee your renomination to the KCAP Board, and subject to the approval of such nomination by the Nominating Committee, you shall be nominated for election by the KCAP stockholders at such stockholder meeting.
(b) As a Portfolio Manager, you shall be responsible for the management of the collateral of the CLOs. You agree to perform the duties of your position, including, without limitation, performing such duties as are required to satisfy your obligations as a “Key Manager” as such term is defined in the Collateral Management Agreement, dated as of September 29, 2005, between CLO IV and the Company (the “CLO IV CMA”), in the form the same exists on the date hereof . Anything in this Agreement to the contrary notwithstanding, the Company and KCAP agree that you shall have no responsibilities or duties (including fiduciary duties) as an employee of the Company (or agent of KCAP) other than those responsibilities and duties expressly set forth in this Section 1(b) or in Sections 1(d) and 3 and that your obligations in this Agreement (other than in Section 3) are conditioned on the Company’s providing or causing to be provided such resources as you may reasonably request and such personnel as are reasonably necessary in connection with the management of the CLOs’ assets and those other assets managed by KCAP and its subsidiaries and such personnel’s reasonable performance of their duties and otherwise complying with your (or your delegate’s) reason...
Position Duties and Term. Beginning on the 10th day of November, 2000 Starbuck shall be employed as a Senior Vice President of the Bank. He shall be responsible for and carry out such duties as may be assigned to him by the President, and he shall report to the President and/or his designee (the current designee shall be Senior Vice President Xxxx X. Xxxxx). He agrees to devote his full-time best efforts to the performance of his duties. He shall not perform services for any other business without the prior consent of the Bank, in its discretion. He may also be elected or appointed to officer positions in the Holding Company, and/or subsidiaries of the Bank or Holding Company, for which he will not receive additional compensation. The term of this Agreement shall be from November 10, 2000 until December 1, 2002. This Agreement may be extended further only by a written extension document executed by both parties. The Bank agrees to review a possible extension of the Agreement no later than July 1, 2002.
Position Duties and Term. The term of employment of Executive pursuant to this Agreement (the “Services Term”) shall commence effective as of the Effective Date and shall end on the second anniversary of the Effective Date, unless earlier terminated pursuant to Section 2 hereof. During the Services Term, Executive will continue to serve as Chief Executive Officer and President (“CEO”) of the Company, reporting exclusively to the Company’s Board of Directors (the “Board”). Executive will render such business and professional services in the performance of his duties as are consistent with Executive’s position within the Company. As CEO, Executive will have the status of the highest ranking executive officer of the Company, with the full powers, responsibilities and authorities customary for the chief executive officer of publicly-traded corporations of the size, type and nature of the Company, together with such other powers, authorities and responsibilities as may reasonably be assigned to him by the Board. For the avoidance of doubt, continuation of Executive’s employment after the Services Term will be “at-will” (and Executive or the Company may terminate Executive’s employment at any time for any reason or no reason), and failure by the Company to renew this Agreement following the end of the Services Term or termination of Executive following the end of the Services Term will not constitute a Constructive Termination (as defined below) or otherwise give rise to any severance or other entitlements by Executive under Section 6.
Position Duties and Term. The County hereby employs Xxxxx Xxxxxxxxxx as its chief administrative officer, and the Administrator hereby accepts the position of Lane County Administrator under the following terms and conditions:
Position Duties and Term
