Common use of Service with Castle Arch Clause in Contracts

Service with Castle Arch. Officer agrees to serve as an officer of Castle Arch on the terms and conditions set forth in this Agreement. Officer shall exercise such authority, perform such executive duties and functions, and discharge such responsibilities as are reasonably associated with Officer's positions, commensurate with the authority vested in Officer pursuant to this Agreement and consistent with the operating agreement of Castle Arch as in effect on the date hereof or as Castle Arch's Board of Directors (the "Board") may reasonably assign from time to time. Officer's duties and responsibilities shall include, without limitation, assistance in locating and securing acquisition rights to properties, obtaining zoning and other entitlements for the properties, securing financing for the purchase of the properties, improving the properties’ infrastructure and amenities, and selling the properties. Castle Arch agrees to cause Officer to be elected as a Director on the Board. Officer agrees to serve, for any period for which Officer may be elected, as a Director of Castle Arch. Upon the termination of this Agreement for any reason, Officer hereby agrees to resign from all positions held in Castle Arch, including without limitation any position as a director, officer, agent, trustee or consultant of Castle Arch.