EMPLOYMENT DUTIES definition

EMPLOYMENT DUTIES means professional or personal services performed for an employer by an employee who is a qualifying nonresident individual.

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EMPLOYMENT DUTIES. The Employee is hereby appointed the Corporation's Director of Investor Relations and upon such appointment, hereby agrees to cease to serve as the Corporation's Treasurer, Vice President, Chief Financial Officer and Assistant Secretary. The Employee hereby accepts such appointment and agrees to continue his employment by the Corporation and to perform all such duties and services for the Corporation as are consistent with that position and as are reasonably assigned to the Employee from time to time by the Corporation and as are mutually agreed to between the Corporation and the Employee from time to time. The Employee shall devote such of his time as may be reasonably necessary to perform such agreed-upon services in his designated capacity; without limiting the foregoing, it is agreed and acknowledged that the Employee may perform consulting work for other persons during the Term, subject to the provisions hereof, so long as such work does not, in the reasonable determination of the Corporation's board of directors, cause the Employee to engage in any business that is directly or indirectly competitive with that of the Corporation or otherwise conflict with the Employee's fiduciary or other obligations as an employee of the Corporation. The Corporation acknowledges that the services to be performed by the Employee hereunder may be performed by the Employee from his home office, as determined by the Employee in his reasonable discretion consistent with his duties hereunder." The Corporation acknowledges and agrees that, from and after the Amendment Effective Date, the Employee shall no longer be named as the principal financial or accounting officer of the Corporation or considered an "officer" of the Corporation solely for the purposes of, or as defined in, Section 16 of the Securities Exchange Act of 1934, as amended, or the rules promulgated thereunder and shall not be performing any policy-making function for the Corporation. Subject to the terms hereof, the Corporation acknowledges and agrees that, except for termination of the Employee's employment hereunder for "Cause," the cessation of the Employee's employment with the Corporation hereunder shall be deemed to be a termination of the Employee's employment by the Corporation "without Cause" for all purposes of all agreements and plans relating to options to purchase common stock of the Corporation granted to the Employee prior to the date hereof."

EMPLOYMENT DUTIES. As Chairman of the Board of Directors, President ------------------ and Chief Executive Officer, Executive will have total overall responsibility for all business activities of NVI, including, without limitation, the tactical operation and strategic direction of NVI. In conjunction with this responsibility, all personnel will report either to the Executive or to persons reporting to him. Executive will report only to the Board. Executive will be allowed to vote on all matters before the Board concerning NVI, including, without limitation, Executive's employment, but excluding only matters directly and solely related to Executive's compensation. In all voting matters, excluding only matters directly and solely related to Executive's compensation, in the case of any tie vote, Executive shall have the option of casting multiple votes. Notwithstanding the foregoing the Chief Financial Officer shall also report to the Board of Directors with respect to the books, records, financial condition and financial reporting of the Company.

Examples of EMPLOYMENT DUTIES in a sentence

• YOU ACKNOWLEDGE THAT THIS AGREEMENT HAS BEEN EXECUTED, IN WHOLE OR IN PART, IN TEXAS, AND YOUR EMPLOYMENT DUTIES ARE PRIMARILY PERFORMED IN TEXAS.

• YOU ACKNOWLEDGE THAT THIS AGREEMENT -------------------------- HAS BEEN EXECUTED, IN WHOLE OR IN PART, IN TEXAS, AND YOUR EMPLOYMENT DUTIES ARE PRIMARILY PERFORMED IN TEXAS.

• YOU ACKNOWLEDGE THAT THIS AGREEMENT HAS -------------------------- BEEN EXECUTED, IN WHOLE OR IN PART, IN TEXAS, AND YOUR EMPLOYMENT DUTIES ARE PRIMARILY PERFORMED IN TEXAS.

• YOU ACKNOWLEDGE THAT THIS AGREEMENT HAS BEEN EXECUTED, IN WHOLE OR IN PART, IN NEVADA, AND YOUR EMPLOYMENT DUTIES ARE PRIMARILY PERFORMED IN NEVADA.

• ENDING EMPLOYMENT: DUTIES The employee must immediately return any of the employer’s property and information on or before their final day of employment.

• YOU ACKNOWLEDGE THAT THIS AGREEMENT HAS BEEN EXECUTED, IN WHOLE OR IN PART, IN NEW YORK, AND YOUR EMPLOYMENT DUTIES ARE PRIMARILY PERFORMED IN NEW YORK.

• YOU ACKNOWLEDGE THAT THIS AGREEMENT HAS BEEN EXECUTED, IN WHOLE OR IN PART, IN CALIFORNIA, AND YOUR EMPLOYMENT DUTIES ARE PRIMARILY PERFORMED IN CALIFORNIA.

• GROSSMAN TITLED POSITION: Exec▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇dent, Chief Strategic Officer EMPLOYMENT DUTIES: Oversee all strategic planning and corporate finance activities of the Company.

• YOU ACKNOWLEDGE THAT THIS AGREEMENT HAS BEEN ----------------- EXECUTED, IN WHOLE OR IN PART, IN NEW YORK, AND YOUR EMPLOYMENT DUTIES ARE PRIMARILY PERFORMED IN NEW YORK.

• I AGREE THAT ANY SUBSEQUENT CHANGE OR CHANGES IN MY EMPLOYMENT DUTIES, SALARY OR COMPENSATION OR, IF APPLICABLE, IN ANY EMPLOYMENT AGREEMENT BETWEEN NEBT AND ME, SHALL NOT AFFECT THE VALIDITY OR SCOPE OF THIS AGREEMENT.

More Definitions of EMPLOYMENT DUTIES

EMPLOYMENT DUTIES means functional duties of employees as stated in labor agreements (contracts) and job descriptions, which provide for performing work that may lead to the creation of an invention (utility model);

EMPLOYMENT DUTIES. In your capacity as Chief Financial Officer, you will have responsibility over the supervision, management, internal and external controls, and accuracy of the finance and information technology departments of the Company, shall have responsibility for the day-to-day financial and information technology affairs of the Company and shall have such other duties, authorities and responsibilities commensurate for such or a similar position at a similarly situated company and as may from time to time be assigned by the CEO, provided that such duties are consistent with your position as CFO. You understand that while you are employed with the Company your employment services will be exclusive to the Company and that you will be expected to devote substantially all of your full business time, attention, energy and skills to your Company employment duties. You agree to serve the Company faithfully, loyally, honestly and to the best of your ability. You will not, without the express written consent of the CEO, engage in any other commercial activity or outside employment. The preceding sentence is not intended to prohibit you from engaging in charitable or nonprofessional activities such as personal investments or conducting private business affairs, as long as they do not conflict or interfere with the performance of your duties to the Company. You agree to observe and comply with the Company’s rules and policies, as the same may be adopted and amended from time to time. Base Salary: $315,000 per year (the “Base Salary”) to be paid according to the Company’s normal payroll cycle, which currently pays base salary in regular installments every two (2) weeks. Your Base Salary will be reviewed at least annually by the CEO and the Compensation Committee of the Board (“Compensation Committee”) and may be adjusted by the Compensation Committee in its discretion. Annual Bonus Opportunity: Beginning on January 1, 2024, you will be eligible to participate in the annual cash bonus program established by the Compensation Committee. Your target annual cash bonus amount (“Target Annual Incentive”) will equal 40% of your Base Salary. The actual amount of the annual bonus paid to you, if