Duties During Employment. Executive is being hired under this Agreement to perform services as follows:
Duties During Employment. You agree that while you are employed by Sprint Corporation (the "Company"), you shall devote your full time and best efforts exclusively to the business and affairs of the Company and do your utmost to promote its interests. All references in this Agreement to employment with the Company shall be deemed to include employment with Sprint/United Management Company (the "Management Company") or any other affiliate of the Company (the "Employer Company"). Related references to the Company or Employer Company shall be deemed to include the Management Company or other employer affiliate of the Company as the context requires, and such interpretation shall not be construed to limit the obligations of the Company under this Agreement. It is understood that you will receive no benefits under this Agreement unless and until there is a change in control of the Company and your employment is terminated thereafter (other than by reason of your death or retirement at age 65) by you for Good Reason (as defined in Section 13.04) or by the Company without Cause (as defined in Section 13.03).
Duties During Employment. Employee shall be employed by Employer during each Term as its Chief Executive Officer. As soon as practicable after the execution and delivery of this agreement, the Board of Directors shall vote on the election of Employee as a Director of Employer. In carrying out his duties under this Agreement, Employee shall have such powers and duties usually incident to the office of Chief Executive Officer. Employee shall have authority do such acts and to make such contracts as are necessary or proper to carry on the business of Employer, including but not limited to:
Duties During Employment. During Employee’s employment with Company, Employee shall initially serve as Chairman and Chief Executive Officer of Company and shall have such duties and responsibilities as are assigned to him by the Board of Directors of Company (the “Board”) and as are consistent with the magnitude and scope of his duties and responsibilities as of the Effective Date. Employee shall report directly to the Board. Employee shall devote Employee’s full business time and attention and best efforts to the affairs of Company during his period of employment, provided, however, that Employee may continue to engage in other activities, such as activities involving professional, charitable, educational, religious and similar types of organizations, speaking engagements, membership on the board of directors of such other organizations, provided that such activities do not interfere with the performance of his duties for Company. Employee may also continue membership on the board of directors of White Mountains Insurance Group, or it successors, and on any other corporate boards which do not conflict with the performance of his duties or the interests of Company. Any additional corporate board memberships must be reviewed with and approved by the Board in advance of acceptance of such position. At any point on or after the end of the Original Term, Employee may elect to relinquish his Chief Executive responsibilities and become Non-Executive Chairman of the Board for the remainder of the term and any extensions. In this role it is anticipated he will devote approximately 25% to 33% of full business time to Company duties with the remainder devoted to a variety of interests not conflicting with the Company. In the role of Non-Executive Chairman Employee will receive annually as compensation the continuation of at least the then current base salary as a Non-Executive Chairman fee (in lieu of any other Board fees), no annual bonus expectations, performance shares having an estimated economic value at least equal to 50% of normal prior awards, continuation of participation in employee benefit plans, and a one-time pro-rata annual bonus for the portion of the year spent as Chief Executive before the change to Non-Executive Chairman occurred. In addition, as Non-Executive chairman, employee will be furnished with normal support including office and assistant.
Duties During Employment. During Employee’s employment with Company, Employee shall initially serve as President and Chief Operating Officer of Company and shall have such duties and responsibilities as are assigned to him by the Board of Directors of Company (the “Board”) and as are consistent with the magnitude and scope of his duties and responsibilities as of the Effective Date. Employee shall report directly to the Chairman and Chief Executive Officer of Company. Employee shall devote Employee’s full business time and attention and best efforts to the affairs of Company during his period of employment, provided, however, that Employee may continue to engage in other activities, such as activities involving professional, charitable, educational, religious and similar types of organizations, speaking engagements, membership on the board of directors of such other organizations, provided that such activities do not interfere with the performance of his duties for Company. Any corporate board memberships must be reviewed with and approved by the Board in advance of acceptance of such position. If promoted to Chief Executive Officer during the Term, the Employee will then have all of the normal authorities, duties and responsibilities of that position. The total compensation for the Chief Executive Officer role, including in aggregate base salary, bonus and performance shares, will be set at least equal to 90% of the amount most recently received by Xxxxxx X. Xxxxxxx.
Duties During Employment. During the Employment Period, Karp shall serve as the Xxxxrman and Chief Executive Officer of the Corporation and the Bank and shall have the customary duties and responsibilities of each such office. In addition, during the Employment Period, if elected, Karp shall also serve, wxxxxut any additional compensation or fees, as a member of the Boards of Directors and as a member of the Executive Committees of the Corporation and of the Bank.
Duties During Employment. During the Employment Period, Dorman shall serve as thx Xxxxident and Chief Operating Officer of Broad National Bank and of Broad National Bancorporation, and shall have the customary duties and responsibilities of each such office. The employment of Dorman in such foregoing xxxxxities is a material condition of this Agreement for purposes of Section 4.1C. In addition, during the Employment Period, if elected, Dorman shall also serve, xxxxxut any additional compensation or fees, as a member of the Boards of Directors and as a member of the Executive Committees of the Corporations.
Duties During Employment. During the Employment Term, Executive will devote Executive’s full time, attention, skill and energy to the business and affairs of the Company and will use Executive’s reasonable best efforts to perform Executive’s
Duties During Employment. All executive decisions or executive actions by the Employer shall require the consent of the Employee as COO, including but not limited to (i) any matters involving expenses exceeding $50,000 in value; (ii) any communications with the media; (iii) any decisions to enter into a material joint venture with any business partner or strategic partner, or (iv) any business arrangement or agreement valued over $1 million. The Employee shall have such other powers and duties with respect to the Employer as may be reasonably assigned to the Employee by the Reporting Officer, to the extent consistent with the Employee's position and status. The Employee agrees to devote 90% of the Employee's working time, attention and efforts to the Employer and to perform the duties of the Employee's position in accordance with the Employer's policies as in effect from time to time.
Duties During Employment. (a) FULL-TIME EMPLOYMENT PERIOD. From the date hereof through and including December 31, 2001 (the "Full-Time Employment Period"), (i) Employee shall serve as President of Company and shall have such duties and responsibilities as are assigned to him by the Board of Directors of Company (the "Board") and as are consistent with the magnitude and scope of his duties and responsibilities as of the Effective Time, (ii) Employee shall report directly to the Chairman and Chief Executive Officer of Company and (iii) Employee shall devote Employee's full business time and attention and best efforts to the affairs of Company during his period of employment, PROVIDED, HOWEVER, that Employee may continue to engage in other activities, such as activities involving professional, charitable, educational, religious and similar types of organizations, speaking engagements, membership on the board of directors of such other organizations, provided that such activities do not interfere with the performance of his duties for Company.
