Capacities and Performance Clause Samples
The "Capacities and Performance" clause defines the expected abilities, resources, and standards of execution that a party must maintain while fulfilling its contractual obligations. It typically outlines the minimum qualifications, technical capabilities, or performance benchmarks required, such as staffing levels, equipment standards, or service response times. By setting these clear expectations, the clause ensures that both parties understand the level of service or output to be delivered, thereby reducing the risk of disputes over inadequate performance or insufficient resources.
Capacities and Performance. (a) During the term hereof, the Executive shall be employed by the Company on a full-time basis and shall serve the Company as its Chief Finance Officer. In such capacity, the Executive shall report directly to the President and Chief Executive Officer of the Company (the “Chief Executive Officer”) or solely to the Chief Executive Officer if another individual is then serving as President of the Company, and the Executive shall have such duties as are consistent with the Executive’s position and as may from time to time be assigned to the Executive by the Chief Executive Officer or the Board of Directors of the Company (the “Board”).
(b) During the term hereof, the Executive shall devote substantially all of the Executive’s full business time and the Executive’s best efforts, business judgment, skill and knowledge to the advancement of the business and interests of the Company and its Affiliates (as defined below) and to the discharge of the Executive’s duties and responsibilities hereunder. The Executive shall not engage in any other business activity or serve in any industry, trade, professional, governmental or academic position during the term of this Agreement, except as may be expressly approved in advance by the Chief Executive Officer in writing, which approval shall not be unreasonably withheld; provided, however, that the Executive may without advance consent participate in charitable activities and passive personal investment activities and manage his personal financial affairs, provided that such activities do not, individually or in the aggregate, interfere with the performance of the Executive’s duties under this Agreement, are not in conflict with the business interests of the Company or any of its Affiliates and do not violate Sections 8, 9 or 10 of this Agreement.
(c) During the term hereof, the Executive shall comply with all of the Company’s written policies, practices and codes of conduct applicable to the Executive’s position, as in effect from time to time.
(d) The Executive’s principal place of employment will be in New York City, New York, in the Executive’s home office (or such other location chosen by the Executive, subject to the Company’s approval, with such approval to not be unreasonably withheld), subject to any required travel to the Company’s offices or such other locations as may be reasonably necessary from time to time; provided that the Executive acknowledges the Executive may be required to travel from time to time on ...
Capacities and Performance. The Executive shall report to the Company's CEO. The Executive shall comply with and perform, faithfully, diligently and to the best of his ability, such directions and duties in relation to the business and affairs of the Company as may from time to time be vested in or requested of him by the Company. The Executive shall devote his time, attention and energies to the business of the Company, and shall not work as an executive, independent consultant or agent for another entity, during the time which he is meant to devote to the business of the Company, without the Company's permission.
Capacities and Performance. During the term hereof, the Executive shall serve the Company as its Vice President of Finance and Chief Financial Officer. The Executive shall report to the Company's President and CEO. The Executive shall comply with and perform, faithfully, diligently and to the best of his ability, such directions and duties in relation to the business and affairs of the Company as may from time to time be vested in or requested of him by the Company. The Executive shall devote substantially all of his business time, attention and energies to the business of the Company. Executive shall not work as an executive, independent consultant or agent for another entity, whether or not during the business hours of Precise, without the permission of Precise. However, Precise understands that Executive will remain on Finance Committee to the Board of Directors of the Council on Foreign Relations, and may in his discretion serve on the board of directors of other companies, which do not compete with Precise, if permission is obtained from the CEO of Precise, which shall not be unreasonably withheld.
Capacities and Performance. During the term hereof, the Executive shall serve the Company as its Chief Financial Officer. The Executive shall report to the Company's Chief Executive Officer. The Executive shall comply with and perform, faithfully, diligently and to the best of his ability, such directions and duties in relation to the business and affairs of the Company as may from time to time be vested in or requested of him by the Company. The Executive shall devote substantially all of his business time, attention and energies to the business of the Company. The Executive shall not work as an executive, independent consultant or agent for another entity, whether or not during the business hours of Precise, without the permission of Precise.
Capacities and Performance. During the term hereof, the Executive shall serve the Company as its Chief Financial Officer and Chief Operating Officer. THEREFORE, once the new CFO will join the Company, the Executive will no longer serve as CFO and COO, but only as COO. The Executive shall report to the Company's CEO. The Executive shall comply with and perform, faithfully, diligently and to the best of his ability, such directions and duties in relation to the business and affairs of the Company as may from time to time be vested in or requested of him by the Company. The Executive shall devote substantially all of his business time, attention and energies to the business of the Company as may from time to time be vested in or requested of him by the Company. Executive shall not work as an executive, independent consultant or agent for another entity, during the business hours of Precise, without the permission or Precise.