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

Specific Position; Duties and Responsibilities. Company and Employee agree that, subject to the provisions of this Agreement, Company will employ Employee and Employee will serve Company as Chief Operating Officer and Chief Financial Officer of Company, and Employee shall have such other additional duties and responsibilities befitting the foregoing positions as Company Board shall determine from time to time. XXXX and Employee agree that, subject to the provisions of this Agreement, XXXX will employ Employee as Chief Financial Officer of XXXX, and Employee shall have such other additional duties and responsibilities befitting the foregoing positions as the XXXX Board shall determine from time to time. XXXX and Company also agree that Employee shall serve as a director of XXXX, Company and StarSight Telecast, Inc. ("StarSight") during the entire term of this Agreement. Employee agrees to devote substantially all of her time, energy and ability to the business of Company and XXXX. Nothing herein shall prevent Employee, upon approval of the XXXX Board, from serving as a director, consultant or trustee of other corporations or businesses that are not in competition with the business of XXXX or in competition with any affiliate of XXXX. Such approval of the XXXX Board shall not be unreasonably withheld. Nothing herein shall prevent Employee from (i) investing in real estate for her own account, (ii) becoming a partner or a shareholder in any privately-held corporation, partnership or other venture not in competition with the business of XXXX or any affiliate of XXXX or (iii) becoming a partner or a shareholder with an equity interest of not more than ten percent (10%) in any corporation, partnership or other venture whose equity securities are publicly traded, whether or not such corporation, partnership or other venture is in competition with the business of XXXX or any affiliate of XXXX. Nothing in this Agreement shall restrict the XXXX Board from paying and granting to Employee additional cash compensation and/or grants of stock or stock options from entities created as joint ventures between XXXX (or any of its affiliates) and third parties as a means of providing further incentives for Employee. For the term of this Agreement, Employee shall report to the Chief Executive Officer of Company and the Chief Executive Officer of XXXX. For purposes of this Agreement, the termination of Employee's employment by Company shall also constitute termination of Employee's employment by XXXX.

Appears in 2 contracts

Samples: Employment Agreement (Gemstar International Group LTD), Employment Agreement (Gemstar International Group LTD)

AutoNDA by SimpleDocs

Specific Position; Duties and Responsibilities. Company and Employee agree that, subject to the provisions of this Agreement, Company will employ Employee and Employee will serve Company as Chief Operating Officer President and Chief Financial Executive Officer of Company, and Employee shall have such other additional duties and responsibilities befitting the foregoing positions as the Company Board shall determine from time to time. XXXX and Employee agree that, subject to the provisions of this Agreement, XXXX will employ Employee as President and Chief Financial Executive Officer of XXXX, and Employee shall have such other additional duties and responsibilities befitting the foregoing positions as the XXXX Board shall determine from time to time. XXXX and Company also agree that Employee shall serve as a director of XXXX, Company and StarSight Telecast, Inc. ("StarSight") during the entire term of this Agreement. XXXX and Company also agree that Employee shall have the right, on behalf of XXXX, to appoint and remove directors from any of XXXX'x subsidiaries in which XXXX holds, directly or indirectly, a majority of the shares entitled to vote in the election of directors, or any entity for which XXXX has the right, directly or indirectly, to appoint directors. Employee agrees to devote substantially all of her his time, energy and ability to the business of Company and XXXX. Nothing herein shall prevent Employee, upon approval of the XXXX Board, from serving as a director, consultant or trustee of other corporations or businesses that are not in competition with the business of XXXX or in competition with any affiliate of XXXX. Such approval of the XXXX Board shall not be unreasonably withheld. Nothing herein shall prevent Employee from continuing his relationship with TRW, Inc. as a Technical Fellow devoted to scientific research in the general area of wave theory and partial differential equations and their applications. Nothing herein shall prevent Employee from (i) investing in real estate for her his own account, (ii) becoming a partner or a shareholder in any privately-held corporation, partnership or other venture not in competition with the business of XXXX or any affiliate of XXXX or (iii) becoming a partner or a shareholder with an equity interest of not more than ten percent (10%) in any corporation, partnership or other venture whose equity securities are publicly traded, whether or not such corporation, partnership or other venture is in competition with the business of XXXX or any affiliate of XXXX. Nothing in this Agreement shall restrict the XXXX Board from paying and granting to Employee additional cash compensation and/or grants of stock or stock options from entities created as joint ventures between XXXX (or any of its affiliates) and third parties as a means of providing further incentives for Employee. For the term of this Agreement, Employee shall report to the Chief Executive Officer of Company and the Chief Executive Officer of XXXXXXXX Board. For purposes of this Agreement, the termination of Employee's employment by Company shall also constitute termination of Employee's employment by XXXX.

Appears in 2 contracts

Samples: Employment Agreement (Gemstar International Group LTD), Employment Agreement (Gemstar International Group LTD)

Specific Position; Duties and Responsibilities. Company Employer and Employee agree that, subject to the provisions of this Agreement, Company Employer will employ Employee and Employee will serve Company Employer as President and Chief Operating Officer, provided, however, that if the Gemstar Closing occurs, such employment and service shall thereafter be as Co-President and Co-Chief Operating Officer of TV Guide International, member of the Office of the Chief Executive of TV Guide International, and Chairman and Chief Financial Executive Officer of Companycertain TV Guide business divisions which shall include but not be limited to United Video Group, TV Guide Interactive Group, TV Guide On- Line, TV Guide Interactive and Employee shall have such other additional duties and responsibilities befitting the foregoing positions as Company Board shall determine from time to timeTelevision Games Network. XXXX and Employee agree that, subject to the provisions of this Agreement, XXXX will employ Employee as Chief Financial Officer of XXXX, and Employee shall have such other additional duties and responsibilities befitting the foregoing positions as the XXXX Board shall determine from time to time. XXXX and Company also agree that Employee shall serve as a director of XXXX, Company and StarSight Telecast, Inc. ("StarSight") during the entire term of this Agreement. Employee agrees to devote substantially all of her his time, energy and ability to the business of Company and XXXXEmployer. Nothing herein shall prevent Employee, upon approval of the XXXX Board, from serving as a director, consultant or trustee of other corporations or businesses that are not in competition with the business of XXXX Employer or in competition with any affiliate of XXXXEmployer. Such approval of the XXXX Board shall not be unreasonably withheld. Nothing If the Gemstar Closing occurs, nothing herein shall prevent Employee from (i) investing in real estate for her his own account, (ii) becoming a partner or a shareholder in any privately-held corporation, partnership or other venture not in competition with the business of XXXX Employer or any affiliate of XXXX Employer or (iii) becoming a partner or a shareholder with an equity interest of not more than ten percent (10%) in any corporation, partnership or other venture whose equity securities are publicly traded, whether or not such corporation, partnership or other venture is in competition with the business of XXXX Employer or any affiliate of XXXXEmployer. Nothing in this Agreement shall restrict the XXXX Board from paying and granting to Employee additional cash compensation and/or grants of stock or stock options from entities created as joint ventures between XXXX Employer (or any of its affiliates) and third parties as a means of providing further incentives for Employee. For the term of this Agreement, Employee shall report to the Chief Executive Officer of Company the Employer and to the Board of Directors of Employer; provided, however, that if the Gemstar Closing occurs, Employee thereafter shall report to the Chief Executive Officer of XXXX. For purposes of this Agreement, the termination of Employee's employment by Company shall also constitute termination of Employee's employment by XXXXTV Guide International.

Appears in 1 contract

Samples: Employment Agreement (Gemstar International Group LTD)

AutoNDA by SimpleDocs

Specific Position; Duties and Responsibilities. Company Employer and Employee agree that, subject to the provisions of this Agreement, Company Employer will employ Employee and Employee will serve Company Employer as Chairman of the Board and Chief Executive Officer, provided, however, that if the Gemstar Closing occurs, such employment and service shall thereafter be as Co-President and Co-Chief Operating Officer of TV Guide International, member of the Office of the Chief Executive of TV Guide International, and Chairman and Chief Financial Executive Officer of Companycertain TV Guide business divisions which shall include but not be limited to TV Guide Magazine Group, TV Guide Networks and Employee shall have such other additional duties and responsibilities befitting the foregoing positions as Company Board shall determine from time to timeTV Guide Media Sales. XXXX and Employee agree that, subject to the provisions of this Agreement, XXXX will employ Employee as Chief Financial Officer of XXXX, and Employee shall have such other additional duties and responsibilities befitting the foregoing positions as the XXXX Board shall determine from time to time. XXXX and Company also agree that Employee shall serve as a director of XXXX, Company and StarSight Telecast, Inc. ("StarSight") during the entire term of this Agreement. Employee agrees to devote substantially all of her his time, energy and ability to the business of Company and XXXXEmployer. Nothing herein shall prevent Employee, upon approval of the XXXX Board, from serving as a director, consultant or trustee of other corporations or businesses that are not in competition with the business of XXXX Employer or in competition with any affiliate of XXXXEmployer. Such approval of the XXXX Board shall not be unreasonably withheld. Nothing If the Gemstar Closing occurs, nothing herein shall prevent Employee from (i) investing in real estate for her his own account, (ii) becoming a partner or a shareholder in any privately-held corporation, partnership or other venture not in competition with the business of XXXX Employer or any affiliate of XXXX Employer or (iii) becoming a partner or a shareholder with an equity interest of not more than ten percent (10%) in any corporation, partnership or other venture whose equity securities are publicly traded, whether or not such corporation, partnership or other venture is in competition with the business of XXXX Employer or any affiliate of XXXXEmployer. Nothing in this Agreement shall restrict the XXXX Board from paying and granting to Employee additional cash compensation and/or grants of stock or stock options from entities created as joint ventures between XXXX Employer (or any of its affiliates) and third parties as a means of providing further incentives for Employee. For the term of this Agreement, Employee shall report to the Chief Executive Officer Board of Company and Directors of Employer; provided, however, that if the Gemstar Closing occurs, Employee thereafter shall report to the Chief Executive Officer of XXXX. For purposes of this Agreement, the termination of Employee's employment by Company shall also constitute termination of Employee's employment by XXXXTV Guide International.

Appears in 1 contract

Samples: Employment Agreement (Gemstar International Group LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.