Common use of Specific Position; Duties and Responsibilities Clause in Contracts

Specific Position; Duties and Responsibilities. Employer and Officer ---------------------------------------------- hereby agree that, subject to the provisions of this Agreement, Employer will employ Officer and Officer will serve Employer and its subsidiaries as Vice Chairman of the Board and Chief Executive Officer of Employer. Employer agrees that Officer's duties hereunder shall be the usual and customary duties of the offices of Vice Chairman of the Board and Chief Executive Officer and such further duties consistent therewith as may be designated from time to time by the Board, and shall not be inconsistent with the provisions of the charter documents of Employer or applicable law. Officer shall have such executive power and authority as shall reasonably be required to enable him to discharge his duties in the offices which he may hold. All compensation paid to Officer by Employer or any of its subsidiaries shall be aggregated in determining whether Officer has received the benefits provided for herein.

Appears in 1 contract

Samples: Employment Agreement (Indymac Mortgage Holdings Inc)

AutoNDA by SimpleDocs

Specific Position; Duties and Responsibilities. Employer and Officer ---------------------------------------------- hereby agree that, subject to the provisions of this Agreement, Employer will employ Officer and Officer will serve Employer and its subsidiaries as Vice Chairman of the Board and Chief Executive Officer Vice President of Employer. Employer agrees that Officer's duties hereunder shall be the usual and customary duties of the offices of Vice Chairman of the Board and Chief Executive Officer President and such further duties consistent therewith as may be designated from time to time by the Board, and shall not be inconsistent with the provisions of the charter documents of Employer or applicable law. Officer shall have such executive power and authority as shall reasonably be required to enable him to discharge his duties in the offices which he may hold. All compensation paid to Officer by Employer or any of its subsidiaries shall be aggregated in determining whether Officer has received the benefits provided for herein.

Appears in 1 contract

Samples: Employment Agreement (Countrywide Credit Industries Inc)

Specific Position; Duties and Responsibilities. Employer and Officer ---------------------------------------------- hereby agree that, subject to the provisions of this Agreement, Employer will employ Officer and Officer will serve Employer and its subsidiaries as Vice Chairman of the Board Board, President and Chief Executive Officer of Employer. Employer agrees that Officer's duties hereunder shall be the usual and customary duties of the offices of Vice Chairman of the Board Board, President and Chief Executive Officer and such further duties consistent therewith as may be designated from time to time by the Board, Board and shall not be inconsistent with the provisions of the charter documents of Employer or applicable law. Officer shall have such executive power and authority as shall reasonably be required to enable him to discharge his duties in the offices which that he may hold. All compensation paid to Officer by Employer or any of its subsidiaries shall be aggregated in determining whether Officer has received the benefits provided for herein.

Appears in 1 contract

Samples: Employment Agreement (Countrywide Credit Industries Inc)

Specific Position; Duties and Responsibilities. Employer and Officer ---------------------------------------------- hereby agree that, subject to the provisions of this Agreement, Employer will employ Officer and Officer will serve Employer and its subsidiaries as Vice Chairman of the Board and Chief Executive Officer President of Employer. Employer agrees that Officer's duties hereunder shall be the usual and customary duties of the offices of Vice Chairman of the Board and Chief Executive Officer President and such further duties consistent therewith as may be designated from time to time by the Board, and shall not be inconsistent with the provisions of the charter documents of Employer or applicable law. Officer shall have such executive power and authority as shall reasonably be required to enable him to discharge his duties in the offices which he may hold. All compensation paid to Officer by Employer or any of its subsidiaries shall be aggregated in determining whether Officer has received the benefits provided for herein.

Appears in 1 contract

Samples: Employment Agreement (Countrywide Credit Industries Inc)

Specific Position; Duties and Responsibilities. Employer and Officer ---------------------------------------------- hereby agree that, subject to the provisions of this Agreement, Employer will employ Officer and Officer will serve Employer as Senior Managing Director and its subsidiaries Chief Operating Officer of Employer and as Vice Chairman of the Board President and Chief Executive Officer of EmployerHome Loans. Employer agrees that Officer's duties hereunder shall be the usual and customary duties of the such offices of Vice Chairman of the Board and Chief Executive Officer and or such further other duties consistent therewith as may be designated from time to time by the Board, and Board consistent with his status as an executive officer of Employer; any such duties shall not be inconsistent consistent with the provisions of the charter documents of Employer or applicable law. Officer shall have such executive power and authority as shall reasonably be required to enable him to discharge his duties in the offices which he may hold. All compensation paid to Officer by Employer or any of its subsidiaries shall be aggregated in determining whether Officer has received the benefits provided for herein.

Appears in 1 contract

Samples: Employment Agreement (Countrywide Credit Industries Inc)

Specific Position; Duties and Responsibilities. Employer and Officer ---------------------------------------------- hereby agree that, subject to the provisions of this Agreement, Employer will employ Officer and Officer will serve Employer and its subsidiaries as Vice Chairman of the Board Senior Managing Director and Chief Executive Operating Officer of EmployerEmployer and as President of Home Loans. Employer agrees that Officer's duties hereunder shall be the usual and customary duties of the such offices of Vice Chairman of the Board and Chief Executive Officer and or such further other duties consistent therewith as may be designated from time to time by the Board, and Board consistent with his status as an executive officer of Employer; any such duties shall not be inconsistent consistent with the provisions of the charter documents of Employer or applicable law. Officer shall have such executive power and authority as shall reasonably be required to enable him to discharge his duties in the offices which he may hold. All compensation paid to Officer by Employer or any of its subsidiaries shall be aggregated in determining whether Officer has received the benefits provided for herein.

Appears in 1 contract

Samples: Employment Agreement (Countrywide Credit Industries Inc)

Specific Position; Duties and Responsibilities. Employer The Company and Officer ---------------------------------------------- Executive hereby agree that, subject to the provisions of this Agreement, Employer the Company will employ Officer Executive and Officer Executive will serve Employer the Company and its subsidiaries as Vice Chairman of the Board and Chief Executive Officer of Employerthe Company during the CEO Term. Employer The Company agrees that OfficerExecutive's duties hereunder shall be the usual and customary duties of the offices of Vice Chairman of the Board and Chief Executive Officer and such further duties consistent therewith as may be designated from time to time by the Board, Board and shall not be inconsistent with the provisions of the charter documents of Employer the Company or applicable law. Officer Executive shall have such executive power and authority as shall reasonably be required to enable him to discharge his duties in the offices which that he may hold. All compensation paid to Officer Executive by Employer the Company or any of its subsidiaries shall be aggregated in determining whether Officer Executive has received the benefits provided for herein.

Appears in 1 contract

Samples: Employment Agreement (Countrywide Financial Corp)

AutoNDA by SimpleDocs

Specific Position; Duties and Responsibilities. Employer The Company and Officer ---------------------------------------------- Executive hereby agree that, subject to the provisions of this Agreement, Employer the Company will employ Officer Executive and Officer Executive will serve Employer the Company and its subsidiaries as Vice Chairman of the Board and Chief Executive Officer of Employerthe Company during the CEO Term. Employer The Company agrees that Officer's Executive’s duties hereunder shall be the usual and customary duties of the offices of Vice Chairman of the Board and Chief Executive Officer and such further duties consistent therewith as may be designated from time to time by the Board, Board and shall not be inconsistent with the provisions of the charter documents of Employer the Company or applicable law. Officer Executive shall have such executive power and authority as shall reasonably be required to enable him to discharge his duties in the offices which that he may hold. All compensation paid to Officer Executive by Employer the Company or any of its subsidiaries shall be aggregated in determining whether Officer Executive has received the benefits provided for herein.

Appears in 1 contract

Samples: Employment Agreement (Countrywide Financial Corp)

Specific Position; Duties and Responsibilities. Employer and Officer ---------------------------------------------- hereby agree that, subject to the provisions of this Agreement, Employer will employ Officer and Officer will serve Employer and its subsidiaries as Vice Chairman of the Board Board, President and Chief Executive Officer of Employer. Employer agrees that Officer's duties hereunder shall be the usual and customary duties of the offices of Vice Chairman of the Board Board, President and Chief Executive Officer and such further duties consistent therewith as may be designated from time to time by the Board, and shall not be inconsistent with the provisions of the charter documents of Employer or applicable law. Officer shall have such executive power and authority as shall reasonably be required to enable him to discharge his duties in the offices which that he may hold. All compensation paid to Officer by Employer or any of its subsidiaries shall be aggregated in determining whether Officer has received the benefits provided for herein.

Appears in 1 contract

Samples: Employment Agreement (Countrywide Credit Industries Inc)

Specific Position; Duties and Responsibilities. Employer and Officer ---------------------------------------------- hereby agree that, subject to the provisions of this Agreement, Employer will employ Officer and Officer will serve Employer and its subsidiaries as Vice Chairman of the Board and Chief Executive Officer of EmployerBoard. Employer agrees that Officer's duties hereunder shall be the usual and customary duties of the offices office of Vice Chairman of the Board and Chief Executive Officer and such further duties consistent therewith as may be designated from time to time by the Board, and shall not be inconsistent with the provisions of the charter documents of Employer or applicable law. Officer shall have such executive power and authority as shall reasonably be required to enable him to discharge his duties in the offices which he may hold. All compensation paid to Officer by Employer or any of its subsidiaries shall be aggregated in determining whether Officer has received the benefits provided for herein.

Appears in 1 contract

Samples: Employment Agreement (Indymac Mortgage Holdings Inc)

Specific Position; Duties and Responsibilities. Employer and Officer ---------------------------------------------- hereby agree that, subject to the provisions of this Agreement, Employer will employ Officer and Officer will serve Employer and its subsidiaries as Vice Chairman of the Board and Chief Executive Officer and Vice Chairman of Employer. Employer agrees that Officer's duties hereunder shall be the usual and customary duties of the offices of Vice Chairman of the Board and Chief Executive Officer and Vice Chairman and such further duties consistent therewith as may be designated from time to time by the Board, and shall not be inconsistent with the provisions of the charter documents of Employer or applicable law. Officer shall have such executive power and authority as shall reasonably be required to enable him to discharge his duties in the offices which he may hold. All compensation paid to Officer by Employer or any of its subsidiaries shall be aggregated in determining whether Officer has received the benefits provided for herein."

Appears in 1 contract

Samples: Employment Agreement (Countrywide Credit Industries Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!