Common use of President and Chief Executive Officer Clause in Contracts

President and Chief Executive Officer. The Executive shall be the President and the Chief Executive Officer of the Company, shall report solely and directly to the Board on all matters relating to the Executive's performance of his duties, and shall perform such duties and responsibilities on behalf of the Company and its subsidiaries as may be designated from time to time by the Board. The Executive shall devote his full business time and his best efforts, business judgment, skill and knowledge exclusively to the advancement of the business and interests of the Company and its subsidiaries and to the discharge of his duties and responsibilities hereunder. The Executive will use his best judgment not to accept any outside responsibilities that will jeopardize his ability to fulfill his responsibilities as President and Chief Executive Officer of the Company. One or more members of the Compensation Committee of the Board shall meet with the Executive at least annually during the Term, shall review with him the Company's performance to date, shall discuss his management accomplishments as well as any areas requiring improvement, and shall review his base compensation as provided in Section 3.1.

President and Chief Executive Officer. The Executive shall be the President and the Chief Executive Officer of the Company, shall report solely and directly to the Board on all matters relating to the Executive's performance of his duties, and shall perform such duties and responsibilities on behalf of the Company and its subsidiaries as may be designated designed from time to time by the Board. The Executive shall devote his full business time and his best efforts, business judgment, skill and knowledge exclusively to the advancement of the business and interests of the Company and its subsidiaries and to the discharge of his duties and responsibilities hereunder. The Executive will use his best judgment not to accept any outside responsibilities that will jeopardize his ability to fulfill his responsibilities as President and Chief Executive Officer of the Company. One or more members of the Compensation Committee of the Board shall meet with the Executive at least annually during the Term, shall review with him the Company's performance to date, shall discuss his management accomplishments as well as any areas requiring improvement, and shall review his base compensation as provided in Section SECTION 3.1.