Position Duties Responsibilities. 3.01 It is contemplated that at all times during the Period of Employment the Executive shall continue to serve as a principal officer of the Company with the office and title of Vice President, General Counsel of the Company and continue to have duties and responsibilities commensurate with those duties and responsibilities imposed on the Executive immediately prior to the Effective Date.
3.02 During the Period of Employment the Executive shall also serve and continue to serve, if and when elected and reelected, as an officer or director, or both, of any subsidiary, division or affiliate of the Company.
3.03 Throughout the Period of Employment the Executive shall devote his full time and undivided attention during normal business hours to the business and affairs of the Company, except for reasonable vacations and except for illness or incapacity, but nothing in this Agreement shall preclude the Executive from devoting reasonable periods required for serving as a director or member of a committee of any organization involving no conflict of interest with the interests of the Company, from engaging in charitable and community activities, and from managing his personal investments, provided that such activities do not materially interfere with the regular performance of his duties and responsibilities under this Agreement.
3.04 The office of the Executive shall be located at the executive offices of the Company at 00000 Xxxxxxxx Xxxxx, Xxxxx 000, Xxxxxxx, Xxxxx 00000. The Executive shall not be required to change the current situs of his employment or residence. The Executive also shall not be required to be absent therefrom on travel status or otherwise more than a total of 60 working days in any calendar year nor more than 20 consecutive days at any one time.
Position Duties Responsibilities. 3.1 It is intended that at all times during the Term of employment hereunder, the Employee shall serve as the Chief Executive Officer of the Company. The Employee agrees to perform such senior executive officer and managerial services customary to such position as are necessary to the operations of the Company and as may be assigned to him from time to time by the Company's Board of Directors (the "Board of Directors").
3.2 Throughout the Term of employment hereunder, the Employee shall devote his full time and undivided attention during normal business hours to the business and affairs of the Company, as appropriate to his responsibilities and duties hereunder, except for reasonable vacations and illness or other disability, but nothing in this Agreement shall preclude the Employee from devoting reasonable periods required for serving as a director or member of any advisory committee of not more than two (at any time) "for profit" organizations involving no conflict of interest with the interests of the Company (subject to approval by the Board of Directors, which approval shall not be unreasonably withheld), or from engaging in charitable and community activities, or from managing his personal investments, provided such activities do not materially interfere with the performance of his duties and responsibilities under this Agreement.
Position Duties Responsibilities. 3.01 It is contemplated that at all times during the Period of Employment the Executive shall continue to serve as a principal officer of the Company with the office and title of Vice President-Safety & Environmental of the Company and continue to have duties and responsibilities commensurate with those duties and responsibilities imposed on the Executive immediately prior to the Effective Date.
Position Duties Responsibilities. Commencing on the date of the Change in Control, the Executive shall serve in the position and have the duties and responsibilities as in effect immediately prior to the date of the Change in Control.
Position Duties Responsibilities. 3.01 During the Period of Employment, the Executive shall continue to serve as the VP - Corporate Finance of the Company and continue to have the duties and responsibilities of such position that the Executive possessed immediately prior to the CiC Date.
3.02 During the Period of Employment, the Executive shall also serve and continue to serve, if and when elected and reelected, as an officer or director, or both, of any affiliate of the Company.
3.03 Throughout the Period of Employment, the Executive shall devote his full time and undivided attention during normal business hours to the business and affairs of the Company, except for reasonable vacations, illness or incapacity; however, nothing in this Agreement shall preclude the Executive from (i) devoting reasonable periods required for serving as a director or member of a committee of any organization that does not involve a conflict of interest with the interests of the Company, (ii) engaging in charitable and community activities, and (iii) managing his personal investments, provided that such activities do not materially interfere with the regular performance of his duties and responsibilities under this Agreement. The Board of Directors of the Company shall give the Executive written notice of any such activities that it believes materially interfere with his duties hereunder and provide the Executive with a reasonable period of time to correct such activities.
3.04 During the Period of Employment, the Executive shall be based at the principal offices of the Company maintained in Houston, Texas. The Executive shall not be required to be absent from the office on travel status or otherwise more than a total of 60 business days in any calendar year nor more than 20 consecutive days at any one time.
Position Duties Responsibilities. The Company hereby agrees to employ Executive, and Executive agrees to serve, as Chief Financial Officer during the Term. Subject to the terms hereof, Executive shall serve either at the Company=s principal place of business or such other place at which Executive shall request, which shall be reasonably granted by the Company. Executive shall report to the Company's Chief Executive Officer and/or its Board of Directors, as appropriate. Executive, in his capacity as Chief Financial Officer of the Company, shall (i) oversee all financing, including but not limited to private placements, whether brokered or non-brokered; (ii) oversee the budget and overhead of the Company; (iii) ensure that the Company remains compliant with all regulatory requirements; (iv) prepare and file the Company=s quarterly and annual financial statements; (v) prepare agreements that may from time to time be required by the Company; (vi) prepare and file documents in connection with the Company=s financings; (vii) maintain correspondence with shareholders and other persons material to the affairs of the Company; and (viii) perform all other duties that may from time to time be required by the Company or as is normally attendant to Executive=s position as an officer of the Company. In furtherance thereof, Executive shall have the full authority and responsibility prescribed by the Company=s Bylaws relating to or otherwise normally attendant to his position as an executive officer of a corporation holding such position and shall hold such responsibilities as shall be determined pursuant to the periodic review and approval of the Chief Executive Officer and/or Board of Directors or any committee thereof.
Position Duties Responsibilities. At all times during the Contract Period, Employee shall:
(a) hold the same position with substantially the same duties and responsibilities as an executive of the Subsidiary as Employee held immediately before the Change in Control Date and as those duties and responsibilities may be extended, from time to time during the Contract Period, by the Board with Employee’s consent;
(b) adhere to and implement the policies and directives promulgated, from time to time, by the Board;
(c) observe all Company and Subsidiary policies applicable to executive personnel of the Company and Subsidiary; and
(d) devote her business time, energy, and talent to the business of and to the furtherance of the purposes and objectives of the Company and the Subsidiary to generally the same extent as she has so devoted her business time, energy, and talent before the Change in Control Date, and neither directly nor indirectly render any business, commercial, or professional services to any other person, firm, or organization for compensation without the prior approval of the Board. Nothing in this Agreement shall preclude Employee from devoting reasonable periods of time to charitable and community activities or the management of her investment assets provided such activities do not materially interfere with the performance by Employee of her duties hereunder.
Position Duties Responsibilities. (a) Position. Employee hereby accepts employment with Company as Senior Vice President and Chief Financial Officer (or in such other position(s) as the Board of Directors of Company (the "Board") shall designate) and shall report to the Board of Directors, unless changed by the Board. Employee agrees to devote his entire time, attention, energies and skills during usual business hours (and outside those hours when reasonably necessary to the performance of his duties hereunder) to the business and interests of Company during the Period of Employment.
Position Duties Responsibilities. At all times during the Contract Period, Employee shall:
(a) hold the same position with substantially the same duties and responsibilities as an executive of the Company as Employee held immediately before the Change in Control Date and those duties and responsibilities may be extended, from time to time during the Contract Period, by the Board with Employee's consent;
(b) adhere to and implement the policies and directives promulgated, from time to time, by the Board;
(c) observe all Company policies applicable to executive personnel of the Company; and
(d) devote his business time, energy, and talent to the business of and to the furtherance of the purposes and objectives of the Company to generally the same extent as he has so devoted his business time, energy, and talent before the Change in Control Date, and neither directly nor indirectly render any business, commercial, or professional services to any other person, firm, or organization for compensation without the prior approval of the Board. Nothing in this Agreement shall preclude Employee from devoting reasonable period of time to charitable and community activities or the management of his investment assets provided such activities do not materially interfere with the performance by Employee of his duties hereunder.
Position Duties Responsibilities. (a) Except as set forth in Section 2(b), at all times during the Contract Period, Dee shall have the titles of Trustee, Senior Vice President and Chief Financial Officer of the Trust and shall have and perform the duties and responsibilities of those offices (the “Offices”), subject to the authority of the Board of Trustees of the Trust (the “Board of Trustees”). In addition, Dee may hold such other offices as may be designated from time to time by the Board of Trustees.
(b) Dee will not be appointed to Chief Financial Officer (“CFO”) until five (5) days after the filing of the December 31, 2002 Form 10-KSB with the Securities and Exchange Commission (the “SEC”). Other than the occurrence of the foregoing event, no further action by the Trust is required for Dee to be appointed CFO. Until Dee becomes CFO hereunder, it is intended that he shall under no circumstances be considered an executive officer of the Trust or be considered to be performing similar functions as such terms are used in Form 10-KSB or Item 307 of Regulation S-B as promulgated by the SEC.
(c) At all times during the Contract Period, Dee shall devote substantially all of his business time, energy, and talent to the business of and to the furtherance of the purposes and objectives of the Trust, and neither directly nor indirectly render any business, commercial, or professional services to any other person, firm, or organization for compensation without the prior approval of the Board of Trustees. Nothing in this Agreement shall preclude Dee from devoting reasonable periods of time to charitable and community activities, service on boards of other companies (public or private) not in competition with the Trust, undertaken after consultation with the Board of Trustees; or the management of his personal investment assets provided:
(i) such activities do not interfere with the performance by Dee of his duties hereunder;
(ii) Dee does not make any single investment in excess of $500,000 in the outstanding securities of a publicly owned equity real estate investment trust or of any other entity engaged primarily in the ownership and/or management of real estate, other than the Trust. This limitation shall not apply to the continued holding by Dee of any investments that were held by him on January 1, 2003 and have been held by him continuously thereafter and any holding by Dee that is approved by the independent Trustees of the Board of Trustees; and
(iii) Dee does not advise, assist, or render...
