RESPONSIBILITIES AND OTHER ACTIVITIES Clause Samples
The "Responsibilities and Other Activities" clause defines the specific duties and obligations that each party must fulfill under the agreement. It typically outlines the tasks, services, or deliverables expected from each side, and may also address any additional activities that support the main objectives of the contract, such as reporting, compliance, or cooperation requirements. By clearly delineating these responsibilities, the clause helps prevent misunderstandings and ensures that all parties are aware of their roles, thereby promoting accountability and smooth contract execution.
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RESPONSIBILITIES AND OTHER ACTIVITIES. The Executive shall be employed as the Executive Vice President, Regional President—New Hampshire and Vermont Markets of the Employer as of the Effective Date. In such roles, the Executive shall undertake the overall management, responsibilities, and duties related to these positions as defined by the Chief Executive Officer of the Company or of the Bank, as applicable, and summarized in the job description attached hereto as Exhibit A. The Executive shall faithfully perform the duties of his positions as described herein; shall devote substantially all of his business time and energies to the business and affairs of the Employer; and shall use his best efforts, skills, and abilities to promote the Employer’s interests. The Executive may not engage in any business activities or render any services of a business, commercial, or professional nature (whether or not for compensation) that would adversely affect the Executive’s performance of his responsibilities and duties hereunder or conflict with the business of the Employer for the benefit of any person or entity, unless the Executive receives the prior written consent of the Employer.
RESPONSIBILITIES AND OTHER ACTIVITIES. The Executive shall be employed as the Chief Financial Officer of the Company Group as of the Effective Date. In such roles, the Executive shall undertake the overall management, responsibilities, and duties related to these positions as defined by the Board of Directors of the Company, the Bank, or the member(s) of the Company Group, as applicable, and summarized in the job description attached hereto as Exhibit C. The Executive shall faithfully perform the duties of her positions as described herein; shall devote substantially all of her business time and energies to the business and affairs of the Company Group; and shall use her best efforts, skills, and abilities to promote the Company Group’s interests. The Executive may not engage in any business activities or render any services of a business, commercial, or professional nature (whether or not for compensation) that would adversely affect the Executive’s performance of her responsibilities and duties hereunder or conflict with the business of the Company Group for the benefit of any person or entity, unless the Executive receives the prior written consent of the Employer.
RESPONSIBILITIES AND OTHER ACTIVITIES. The President shall be employed as President and Chief Executive Officer of Bar Harbor Bankshares, and shall undertake the overall management, responsibilities, and duties related to this position as defined by the Board of Directors of the Company and summarized in the job description attached as Exhibit A. The President shall faithfully perform the duties of his position as described herein, devote substantially all of his business time and energies to the business and affairs of the Company and shall use his best efforts, skills and abilities to promote the Company’s interests. The President may not engage in any business activities or render any services of a business, commercial, or professional nature (whether or not for compensation) that would affect adversely the President’s performance of his responsibilities and duties hereunder or conflict with the business of the Company for the benefit of any person or entity, unless the President receives the prior written consent of the Company.
RESPONSIBILITIES AND OTHER ACTIVITIES. The Executive shall continue to be employed as the President and Chief Executive Officer of the Company and the Bank as of the Effective Date. In such roles, the Executive shall undertake the overall management, responsibilities, and duties related to these positions as defined by the Board of Directors of the Company or of the Bank, as applicable, and summarized in the job description attached hereto as Exhibit A. The Executive shall faithfully perform the duties of his positions as described herein; shall devote substantially all of his business time and energies to the business and affairs of the Employer; and shall use his best efforts, skills, and abilities to promote the Employer’s interests. The Executive may not engage in any business activities or render any services of a business, commercial, or professional nature (whether or not for compensation) that would adversely affect the Executive’s performance of his responsibilities and duties hereunder or conflict with the business of the Employer for the benefit of any person or entity, unless the Executive receives the prior written consent of the Employer. Executive will also serve as a member of the Board of Directors of the Company and of the Bank, subject to any required approval by shareholders. No additional compensation shall be paid for such services.
RESPONSIBILITIES AND OTHER ACTIVITIES. The Executive shall be employed as the President and Chief Executive Officer of the Bank as of the Effective Date and additionally as the President and Chief Executive Officer of the Company as of the Deferred Start Date. In such roles, the Executive shall undertake the overall management, responsibilities, and duties related to these positions as defined by the Board of Directors of the Company or of the Bank, as applicable, and summarized in the job description attached hereto as Exhibit A. The Executive shall faithfully perform the duties of his positions as described herein; shall devote substantially all of his business time and energies to the business and affairs of the Employer; and shall use his best efforts, skills, and abilities to promote the Employer’s interests. The Executive may not engage in any business activities or render any services of a business, commercial, or professional nature (whether or not for compensation) that would adversely affect the Executive’s performance of his responsibilities and duties hereunder or conflict with the business of the Employer for the benefit of any person or entity, unless the Executive receives the prior written consent of the Employer. It is anticipated that the Executive will also serve as a member of the Board of Directors of the Company and of the Bank, subject to approval by such Boards (with the formal vote of such Boards appointing Executive to such position to occur at the next regularly scheduled meeting following the Effective Date) and subsequent approval by shareholders at the next shareholders’ meeting in 2014 in which directors are elected (all directors are elected annually by shareholders). No additional compensation shall be paid for such services.
RESPONSIBILITIES AND OTHER ACTIVITIES