Common use of Time Obligation Clause in Contracts

Time Obligation. Executive shall devote not less than Forty (40) hours per week, as the Company deems necessary, from day-to-day or week-to-week, excluding attending properly noticed meetings of the Company’s Board of Directors if Executive is a member of the Company’s Board or a Board of Directors of one of the Company’s subsidiaries. The Company shall pay or timely reimburse Executive for any and all expenses of travel, lodging and other costs related to such Board meetings or any other travel by Executive as directed by the Company or its respective Board of Directors subject to the company’s expenses procedure a copy of which is attached to this agreement as Appendix C. All international travel requires pre-authorization by a Board member.