Common use of Responsibilities and Authority Clause in Contracts

Responsibilities and Authority. (a) The Bank hereby employs Executive to serve as President and Chief Executive Officer of the Bank, and Executive hereby accepts such employment. Executive shall have the duties, responsibilities, authorities and powers normally incident to such offices. At all times, however, Executive's activities and authority with respect to such offices will be subject to supervision, control and direction by the Board of Directors of the Bank (the "Board") or by the Executive Committee of the Board, and Executive hereby agrees to carry out such duties and responsibilities as either of them may from time to time reasonably assign to Executive. Executive shall report from time to time or routinely, upon request, to the Board as to the current status of any of Executive's assigned duties and responsibilities.

Appears in 1 contract

Samples: Executive Employment Agreement (Bancorp Rhode Island Inc)

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Responsibilities and Authority. (a) The Bank hereby employs Executive to serve as President and Chief Executive Business Officer of the Bank, and Executive hereby accepts such employment. Executive shall have the duties, responsibilities, authorities and powers normally incident to such officesoffice. At all times, however, Executive's ’s activities and authority with respect to such offices will be subject to supervision, control and direction by the Board of Directors of the Bank (the "Board") or ”), by the Executive Committee of the Board, and by the President and Chief Executive hereby Officer of the Bank (the “Chief Executive Officer”) and Executive agrees to carry out such duties and responsibilities as either any of them may from time to time reasonably assign to Executive. Executive shall report from time to time or routinely, upon request, to the Board Chief Executive Officer or the Chief Executive Officer’s designee as to the current status of any of Executive's ’s assigned duties and responsibilities.

Appears in 1 contract

Samples: Employment Agreement (Bancorp Rhode Island Inc)

Responsibilities and Authority. (a) The Bank hereby employs Executive to serve as Senior Vice President and Chief Executive Officer of Retail Banking of the Bank, and Executive hereby accepts such employment. Executive shall have the duties, responsibilities, authorities and powers normally incident to such officesoffice. At all times, however, Executive's activities and authority with respect to such offices will be subject to supervision, control and direction by the Board of Directors of the Bank (the "Board") or ), by the Executive Committee of the Board, and by the President and Chief Executive hereby Officer of the Bank (the "Chief Executive Officer") and Executive agrees to carry out such duties and responsibilities as either any of them may from time to time reasonably assign to Executivehim. Executive shall report from time to time or routinely, upon request, to the Board Chief Executive Officer or her designee as to the current status of any of Executive's assigned duties and responsibilities.

Appears in 1 contract

Samples: Employment Agreement (Bancorp Rhode Island Inc)

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Responsibilities and Authority. (a) The Bank hereby employs Executive to serve as President and Chief Executive Officer of the Bank, and Executive hereby accepts such employment. Executive shall have the duties, responsibilities, authorities and powers normally incident to such offices. At all times, however, Executive's ’s activities and authority with respect to such offices will be subject to supervision, control and direction by the Board of Directors of the Bank (the "Board") or by the Executive Committee of the Board, and Executive hereby agrees to carry out such duties and responsibilities as either of them may from time to time reasonably assign to Executive. Executive shall report from time to time or routinely, upon request, to the Board as to the current status of any of Executive's ’s assigned duties and responsibilities.

Appears in 1 contract

Samples: Executive Employment Agreement (Bancorp Rhode Island Inc)

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