Common use of Scope of Duties Clause in Contracts

Scope of Duties. The Executive will: [1] Devote all available business time, best efforts and undivided attention to the Company’s business and affairs; and [2] Not engage in any other business activity, whether or not for gain, profit or other pecuniary benefit. [3] However, the restriction described in Section 1.02[1] and [2] will not preclude the Executive from: [a] Making or holding passive investments in outstanding shares in the securities of publicly-owned companies or other businesses [other than organizations described in Section 1.05], regardless of when and how that investment was made; or [b] Serving on corporate, civic, religious, educational and/or charitable boards or committees but only if this activity [i] does not interfere with the performance of duties under this Agreement and [ii] is approved by the Executive’s manager.

Appears in 7 contracts

Samples: Severance Agreement (Designer Brands Inc.), Severance Agreement (Designer Brands Inc.), Executive Severance Agreement

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Scope of Duties. The Executive will: [1] Devote all available business time, best efforts and undivided attention to the Company’s business and affairs; and [2] Not engage in any other business activity, whether or not for gain, profit or other pecuniary benefit. [3] However, the restriction described in Section 1.02[14.01[1] and [2] will not preclude the Executive from: [a] Making or holding passive investments in outstanding shares in the securities of publicly-owned companies or other businesses [other than organizations described in Section 1.054.05], regardless of when and how that investment was made; or [b] Serving on corporate, civic, religious, educational and/or charitable boards or committees but only if this activity [i] does not interfere with the performance of duties under this Agreement and [ii] is approved by the Executive’s managerPresident.

Appears in 3 contracts

Samples: Executive Employment Agreement (DSW Inc.), Executive Employment Agreement (DSW Inc.), Executive Employment Agreement (DSW Inc.)

Scope of Duties. The Executive will: [1] Devote all available business time, best efforts and undivided attention to the Company’s business and affairs; and [2] Not engage in any other business activity, whether or not for gain, profit or other pecuniary benefit. [3] However, the restriction described in Section 1.02[1] and [2] will not preclude the Executive from: [a] Making or holding passive investments in outstanding shares in the securities of publicly-owned companies or other businesses [other than ownership of 2% or more of the voting stock of any organizations described in Section 1.05], regardless of when and how that investment was made; or [b] Serving on corporate, civic, religious, educational and/or charitable boards or committees but only if this activity [i] does not interfere with the performance of duties under this Agreement and [ii] is approved by the Executive’s manager.the

Appears in 2 contracts

Samples: Standard Executive Agreement (Designer Brands Inc.), Standard Executive Agreement (Designer Brands Inc.)

Scope of Duties. The Executive will: [1] Devote all available business time, best efforts and undivided attention to the Company’s business and affairs; and [2] Not engage in any other business activity, whether or not for gain, profit or other pecuniary benefit. [3] However, the restriction described in Section 1.02[1] and [2] will not preclude the Executive from: [a] Making or holding passive investments in outstanding shares in the securities of publicly-owned companies or other businesses [(other than organizations described in Section 1.05]), regardless of when and how that investment was made; or [b] Serving on corporate, civic, religious, educational and/or charitable boards or committees but only if this activity [i] does not interfere with the performance of duties under this Agreement and [ii] is approved by the Executive’s manager.

Appears in 2 contracts

Samples: Severance Agreement (Designer Brands Inc.), Standard Executive Severance Agreement (Designer Brands Inc.)

Scope of Duties. The Executive will: [1] Devote all available business time, best efforts and undivided attention to the Company’s 's business and affairs; and [2] Not engage in any other business activity, whether or not for gain, profit or other pecuniary benefit. , [3] However, the restriction described in Section 1.02[14.01 [1] and [2] will not preclude the Executive from: [aA] Making or holding passive investments in outstanding shares in the securities of publicly-owned companies or other businesses [other than organizations described in Section 1.054.05], regardless of when and how that investment was made; or [bB] Serving on corporate, civic, religious, educational and/or charitable boards or committees but only if this activity [iI] does not interfere with the performance of duties under this Agreement and [iiII] is approved by the Executive’s managerChief Executive Officer.

Appears in 1 contract

Samples: Employment Agreement (DSW Inc.)

Scope of Duties. The Executive will: [1] Devote all available business time, best efforts and undivided attention to the Company’s business and affairs; and [2] Not engage in any other business activity, whether or not for gain, profit or other pecuniary benefit. [3] However, the restriction described in Section 1.02[14.01[1] and [2] will not preclude the Executive from: [a] Making or holding passive investments in outstanding shares in the securities of publicly-owned companies or other businesses [other than organizations described in Section 1.054.05], regardless of when and how that investment was made; or [b] Serving on corporate, civic, religious, educational and/or charitable boards or committees but only if this activity [i] does not interfere with the performance of duties under this Agreement and [ii] is approved by the Executive’s managerChief Executive Officer (CEO).

Appears in 1 contract

Samples: Executive Employment Agreement (DSW Inc.)

Scope of Duties. The Executive will: [1] Devote all available business time, best efforts and undivided attention to the Company’s business and affairs; and [2] Not engage in any other business activity, whether or not for gain, profit or other pecuniary benefit. [3] However, the restriction described in Section 1.02[14.01[1] and [2] will not preclude the Executive from: [a] Making or holding passive investments in outstanding shares in the securities of publicly-owned companies or other businesses [other than organizations described in Section 1.054.05], regardless of when and how that investment was made; or [b] Serving on corporate, civic, religious, educational and/or charitable boards or committees but only if this activity [i] does not interfere with the performance of duties under this Agreement and [ii] is approved by the Executive’s managerVice Chairman, Chief Merchandising Officer.

Appears in 1 contract

Samples: Executive Employment Agreement (DSW Inc.)

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Scope of Duties. The Executive will: [1] Devote all available business time, best efforts and undivided attention to the Company’s business and affairs; and [2] Not engage in any other business activity, whether or not for gain, profit or other pecuniary benefit. [3] However, the restriction described in Section 1.02[14.01[1] and [2] will not preclude the Executive from: [a] Making or holding passive investments in outstanding shares in the securities of publicly-owned companies or other businesses [other than organizations described in Section 1.054.05], regardless of when and how that investment was made; or [b] Serving on corporate, civic, religious, educational and/or charitable boards or committees but only if this activity [i] does not interfere with the performance of duties under this Agreement and [ii] is approved by the Executive’s managerChairman and Board of Directors.

Appears in 1 contract

Samples: Executive Employment Agreement (DSW Inc.)

Scope of Duties. The Executive will: [1] Devote all available business time, best efforts and undivided attention to the Company’s business and affairs; and [2] Not engage in any other business activity, whether or not for gain, profit or other pecuniary benefit. [3] However, the restriction described in Section 1.02[14.01[1] and [2] will not preclude the Executive from: [a] Making or holding passive investments in outstanding shares in the securities of publicly-owned companies or other businesses [other than organizations described in Section 1.054.05], regardless of when and how that investment was made; or [b] Serving on corporate, civic, religious, educational and/or charitable boards or committees but only if this activity [i] does not interfere with the performance of duties under this Agreement and [ii] is approved by the Executive’s managerPresident and Chief Executive Officer.

Appears in 1 contract

Samples: Executive Employment Agreement (Retail Ventures Inc)

Scope of Duties. The Executive will: [1] Devote all available business time, best efforts and undivided attention to the Company’s 's business and affairs; and [2] Not engage in any other business activity, whether or not for gain, profit or other pecuniary benefit. [3] However, the restriction described in Section 1.02[14.01[1] and [2] will not preclude the Executive from: [aA] Making or holding passive investments in outstanding shares in the securities of publicly-owned companies or other businesses [other than organizations described in Section 1.054.05], regardless of when and how that investment was made; or [bB] Serving on corporate, civic, religious, educational and/or charitable boards or committees but only if this activity [iI] does not interfere with the performance of duties under this Agreement and [iiII] is approved by the Executive’s managerPresident, Chief Merchandising Officer.

Appears in 1 contract

Samples: Executive Employment Agreement (DSW Inc.)

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