Employment by the Company; Duties. The Company hereby agrees to employ the Executive for a term commencing on March 17, 1997, and expiring at the end of the day on March 16, 1998 (such date, or later date to which this Agreement is extended in accordance with the terms hereof, the "Termination Date"), unless earlier terminated as provided in Article 4 or unless extended as provided herein (the "Term"). The Term shall automatically be extended on the Termination Date and each anniversary thereof for successive one-year periods unless either party notifies the other on or before the date 90 days prior to the Termination Date that he or it desires to terminate the Agreement. During the Term, the Executive shall initially serve in the capacity of Vice President - Human Resources of the Company and shall also serve in those offices and directorships of subsidiary corporations or entities of the Company to which he may from time to time be appointed or elected. During the Term, the Executive shall devote all reasonable efforts and all of his business time and services to the Company, subject to the direction of the Board. The Executive shall not engage in any other business activities except for passive investments in corporations or partnerships not engaged in the oil or gas drilling or well servicing business.
Employment by the Company; Duties. The Company hereby agrees to employ the Executive for a term commencing on the Effective Date, and expiring at the end of the day twenty-four (24) months from the Effective Date (such date, or later date to which this Agreement is extended in accordance with the terms hereof, the "Termination Date"), unless earlier terminated as provided in Section 4 or unless extended as provided herein (the "Term"). The Term shall be automatically extended commencing on the second anniversary of the Effective Date and on each anniversary of the Effective Date thereafter (such date and each anniversary of such date being a "Renewal Date"), so as to terminate twelve (12) months from such Renewal Date, unless and until at least six (6) months prior to a Renewal Date either party hereto gives written notice to the other that the Term should not be extended beyond the next Renewal Date, in which event the Termination Date shall be the Renewal Date following such notice. During the Term, the Executive shall serve in the capacity of Vice President - U.S. Offshore Operations of the Company and shall also serve in those offices and directorships of subsidiary and parent corporations or entities of the Company to which he may from time to time be appointed or elected. During the Term, the Executive shall devote all reasonable efforts and all of his business time and services to the Company, subject to the direction of the Board of Directors of the Company (the "Board"). The Executive shall not engage in any other business activities except for passive investments in corporations or partnerships not engaged in the Company Business (as hereinafter defined) pursuant to Section 3 hereof.
Employment by the Company; Duties. Executive agrees to be employed by the Company during the Term upon the terms and subject to the conditions set forth in this Agreement. Executive shall serve as President and Chief Executive Officer (“CEO”), reporting to the Board of Directors of the Company (the “Board”), and shall have such duties as may be prescribed by the Board from time to time and which are commonly performed by presidents and chief executive officers of similar sized companies conducting similar business, such as, but not limited to, corporate planning and oversight of the financial functions of the organization.
Employment by the Company; Duties. On the terms and subject to the conditions set forth herein, Employer hereby agrees to employ Executive for a period beginning on the date hereof, and continuing for a period of five (5) years, unless earlier terminated as herein provided (the "Term"). During the Term, Executive shall serve in the capacities of President, Chief Executive Officer ("CEO") and a member of the Board of Managers of CPS and shall report to the Board of Directors of CHDT. Executive shall possess all power and authority to manage CPS which an individual holding the titles of President and CEO would normally possess.
Employment by the Company; Duties. The Company hereby agrees to continue to employ the Executive for a current term expiring at the end of the day on December 31, 2004, unless earlier terminated as herein provided. Beginning on January 1, 2002, the term of this Agreement shall be extended automatically for one (1) additional day for each day which has then elapsed since December 31, 2001 unless, at any time after December 31, 2001, either the Board of Directors of the Company (the "Board"), on behalf of the Company, or the Executive gives written notice to the other, in accordance with Section 14.2, below, that such automatic extension of the term of this Agreement shall cease. Any such notice shall be effective immediately upon delivery. The current term of this Agreement, plus any extension by operation of this Section 1, shall be hereinafter referred to as the "Term." During the Term, the Executive shall at all times serve in the capacity of Chairman, President and Chief Executive Officer of the Company. In addition, the Company agrees that the Executive shall serve during the Term as a director of the Company and as a director and chairman of the board of directors of Ivex Packaging Corporation, the holding company for the Company ("Ivex"). During the Term, the Executive shall devote his best efforts and substantially all his business time and services to the Company and Ivex, subject to the direction of the Board.
Employment by the Company; Duties. The Company hereby employs the Executive and the Executive hereby accepts employment by the Company, in accordance with and subject to the terms and conditions of this Agreement. Executive will serve in the capacity of Chairman of the Board, President and Chief Executive Officer of GMI and will also serve in those offices and directorships of GMI and its affiliates to which he may from time to time be appointed or elected. The Executive will devote all reasonable efforts and all of his business time and services to GMI and its affiliates, subject to the direction of the Board and the Boards of Directors of such affiliates. The Executive will not engage in any other business activities except for passive investments and his farm and ranching interests and service on the Board of Directors of Superior Energy Services, Inc. or any successor, which activities will not materially interfere with the Executive's obligations hereunder.
Employment by the Company; Duties. The Company hereby agrees to employ the Executive for a term commencing on the date hereof and expiring when terminated as provided in Article 3 (the "Term"). During the Term, the Executive shall serve in the capacity of President of Xxxxxxxx Drilling, a wholly owned subsidiary of the Company, and shall also serve in those offices and directorships of the Company to which he may from time to time be appointed or elected. During the Term, the Executive shall devote all reasonable efforts and substantially all of his business time and services to the Company. Notwithstanding the foregoing, the Executive may engage in other activities involving charitable, educational and similar organizations to the extent they do not interfere materially with his duties hereunder.
Employment by the Company; Duties. Executive agrees to be employed by the Company during the Term upon the terms and subject to the conditions set forth in this Agreement. Upon the Effective Date, Executive shall serve as President and Chief Executive Officer (“CEO”), reporting to the Board of Directors of the Company (the “Board”). As President and CEO, Executive will serve as the principal executive officer of the Company, and will be responsible for the general active management of the business of the Company, and shall have such duties as may be prescribed by the Board from time to time and which are commonly performed by presidents and chief executive officers of similar sized companies conducting similar business. Throughout the Executive Term, Executive shall faithfully and diligently perform Executive’s duties in conformity with the directions of the Board and serve the Company to the best of Executive’s ability. Without limiting the foregoing, Executive acknowledges and agrees that he shall be physically present at the Company’s New Jersey offices as needed to perform his duties, and that his duties as President and CEO will also require him to spend a significant amount of time visiting Company suppliers and customers or other various sites associated with Company-related needs. Executive will abide by and at all times be subject to all Company policies in effect from time to time during the Term, including without limitation, the Company’s Code of Ethics and Business Conduct and the Company’s Policy Statement on Inside Information and Securities Trading.
Employment by the Company; Duties. Executive agrees to be employed by the Company during the Term upon the terms and subject to the conditions set forth in this Agreement. Executive shall serve as President and Chief Executive Officer (“CEO”), reporting to the Board of Directors of the Company (the “Board”). As President and CEO, Executive will serve as the principal executive officer of the Company, and will be responsible for the general active management of the business of the Company, and shall have such duties as may be prescribed by the Board from time to time and which are commonly performed by presidents and chief executive officers of similar sized companies conducting similar business. Without limiting the foregoing, Executive shall also be responsible for monitoring and managing the Company’s interest in its Specialty Renal Products, Inc. (“SRP”) subsidiary and such other responsibilities related to SRP as prescribed by the Board from time to time. In addition, the parties acknowledge and agree that Executive will continue to serve as Chief Financial Officer of the Company and its principal financial officer, and shall have such additional duties and responsibilities as may be prescribed by the Board from time to time in that role and which are commonly performed by principal financial officers of similar sized public reporting companies conducting similar business.
Employment by the Company; Duties. The Company hereby agrees to continue to employ the Executive for a current term expiring at the end of the day on December 31, 2004, unless earlier terminated as herein provided. Beginning on January 1, 2002, the term of this Agreement shall be extended automatically for one (1) additional day for each day which has then elapsed since December 31, 2001 unless, at any time after December 31, 2001, either the Board of Directors of the Company (the "Board"), on behalf of the Company, or the Executive gives written notice to the other, in accordance with Section 13.2, below, that such automatic extension of the term of this Agreement shall cease. Any such notice shall be effective immediately upon delivery. The current term of this Agreement, plus any extension by operation of this Section 1, shall be hereinafter referred to as the "Term." During the Term, the Executive shall at all times serve in the capacity of Executive Vice President and Chief Financial Officer of the Company. During the Term, the Executive shall devote his best efforts and substantially all his business time and services to the Company and Ivex, subject to the direction of the Board.
