Common use of Positions, Duties and Responsibilities Clause in Contracts

Positions, Duties and Responsibilities. The Executive shall serve as Executive Vice President, Acting President of the Company, and upon the hiring of a President by the Company, shall cease to serve as Executive Vice President, Acting President of the Company and shall be employed as Executive Vice President, Marketing of the Company, and/or in such other positions as the Chief Executive Officer of the Company (the “CEO”), the Board of Directors of the Company (the “Board”) or a committee of the Board may from time to time prescribe, with such duties and responsibilities as are customarily assigned to such position(s). The Executive shall report solely to the CEO unless the CEO, the Board or a committee of the Board determines otherwise. The Executive agrees to serve without additional compensation in such capacities (including, without limitation, as an employee or director) with Company and its affiliates as the CEO, the Board or a committee of the Board may in its discretion prescribe. Upon termination of the Executive’s employment with the Company, any employment, board membership or other service relationship with the Company and any Company affiliate shall automatically terminate unless otherwise determined by the parties hereto.

Appears in 1 contract

Samples: Employment Agreement (CastlePoint Holdings, Ltd.)

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Positions, Duties and Responsibilities. The Executive shall serve as Executive Vice President, Acting President the Chairman of the Company, and upon the hiring of a President by the Company, shall cease to serve as Executive Vice President, Acting President of the Company and shall be employed as Executive Vice President, Marketing of the Company, and/or in such other positions as the Chief Executive Officer of the Company (the “CEO”), the Board of Directors of the Company (the “Board”) or a committee and the President and Chief Executive Officer of the Board may from time to time prescribeCompany. As Chief Executive Officer of the Company, with the Executive shall have such duties and responsibilities as are customarily assigned to such position(s)position, and such other duties and responsibilities not inconsistent therewith as may from time to time be assigned to him by the Board. The Unless otherwise determined by the Board, in his capacity as Chief Executive Officer, the Executive shall report solely to the CEO unless the CEO, the Board or a committee of the Board determines otherwiseBoard. The Executive agrees to serve without additional compensation in such capacities (including, without limitation, as an employee or director) with Company and its affiliates as the CEO, the Board or a committee of the Board may in its discretion prescribe. Upon termination of the Executive’s employment with the Company, the Executive’s position as Chairman of the Board and any employment, board membership or other service relationship with the Company and any Company affiliate shall automatically terminate unless otherwise determined by the parties hereto.

Appears in 1 contract

Samples: Employment Agreement (Tower Group, Inc.)

Positions, Duties and Responsibilities. The Executive shall serve as Executive Vice President, Acting President the Chairman of the Company, and upon the hiring of a President by the Company, shall cease to serve as Executive Vice President, Acting President of the Company and shall be employed as Executive Vice President, Marketing of the Company, and/or in such other positions as the Chief Executive Officer of the Company (the “CEO”), the Board of Directors of the Company (the "Board") or a committee and the President and Chief Executive Officer of the Board may from time to time prescribeCompany. As Chief Executive Officer of the Company, with the Executive shall have such duties and responsibilities as are customarily assigned to such position(s)positions, and such other duties and responsibilities not inconsistent therewith as may from time to time be assigned to him by the Board. The Unless otherwise determined by the Board, in his capacity as Chief Executive Officer, the Executive shall report solely to the CEO unless the CEO, the Board or a committee of the Board determines otherwiseBoard. The Executive agrees to serve without additional compensation in such capacities (including, without limitation, as an employee or director) with Company and its affiliates as the CEO, the Board or a committee of the Board may in its discretion prescribe. Upon termination of the Executive’s 's employment with the Company, the Executive's position as Chairman of the Board and any employment, board membership or other service relationship with the Company and any Company affiliate shall automatically terminate unless otherwise determined by the parties hereto.

Appears in 1 contract

Samples: Employment Agreement (Tower Group, Inc.)

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Positions, Duties and Responsibilities. The Executive shall serve as Executive Vice President, Acting President the Chairman of the Company, and upon the hiring of a President by the Company, shall cease to serve as Executive Vice President, Acting President of the Company and shall be employed as Executive Vice President, Marketing of the Company, and/or in such other positions as the Chief Executive Officer of the Company (the “CEO”), the Board of Directors of the Company (the “Board”) or a committee and the President and Chief Executive Officer of the Board may from time to time prescribeCompany. As Chief Executive Officer of the Company, with the Executive shall have such duties and responsibilities as are customarily assigned to such position(s)positions, and such other duties and responsibilities not inconsistent therewith as may from time to time be assigned to him by the Board. The Unless otherwise determined by the Board, in his capacity as Chief Executive Officer, the Executive shall report solely to the CEO unless the CEO, the Board or a committee of the Board determines otherwiseBoard. The Executive agrees to serve without additional compensation in such capacities (including, without limitation, as an employee or director) with Company affiliates (other than Tower and its affiliates affiliates) as the CEO, the Board or a committee of the Board may in its discretion prescribe. Upon termination of the Executive’s employment with the Company, the Executive’s position as Chairman of the Board and any employment, board membership or other service relationship with the Company and any Company affiliate shall automatically terminate unless otherwise determined by the parties hereto.

Appears in 1 contract

Samples: Employment Agreement (CastlePoint Holdings, Ltd.)

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