Common use of Preservation of Business; Fiduciary Responsibility Clause in Contracts

Preservation of Business; Fiduciary Responsibility. The Executive shall use his best efforts to preserve the business and organization of the Company and the Company's consolidated subsidiaries (collectively, the "Consolidated Company"), to keep available to the Consolidated Company the services of present employees and to preserve the business relations of the Consolidated Company with suppliers, distributors, customers and others. The Executive shall not commit any act, or in any way assist others to commit any act, which would injure the Consolidated Company. So long as the Executive is employed by the Company, the Executive shall observe and fulfill proper standards of fiduciary responsibility attendant upon his service and office and shall comply with the terms of the Company's Statement of Policy Concerning Corporate Ethics and Conflicts of Interest, as may be amended from time to time.

Appears in 2 contracts

Sources: Employment Agreement (Southdown Inc), Employment Agreement (Southdown Inc)

Preservation of Business; Fiduciary Responsibility. The Executive shall use his best efforts to preserve the business and organization of the Company and the Company's consolidated subsidiaries (collectively, the "Consolidated Company"), to keep available to the Consolidated Company the services of present employees and to preserve the business relations of the Consolidated Company with suppliers, distributors, customers and others. The Executive shall not commit any act, or in any way assist others to commit any act, which would injure the Consolidated Company. So long as the Executive is employed by the Company, the Executive shall observe and fulfill proper standards of fiduciary responsibility attendant upon his service and office and shall comply with the terms of the Company's Statement Code of Policy Concerning Corporate Ethics and Conflicts of InterestBusiness Conduct, as may be amended from time to time.

Appears in 1 contract

Sources: Employment Agreement (Southdown Inc)