Common use of Employment Terms and Duties Clause in Contracts

Employment Terms and Duties. 1.1 The Corporation hereby agrees to employ the Executive and the Executive agrees to work for the Corporation as its General Counsel and Secretary. The Executive shall serve as and perform the duties of General Counsel and Secretary of the Corporation during the Term (defined hereinafter) of this Agreement. 1.2 The Executive agrees to devote his full business time during regular business hours to working for the Corporation and performing such duties as shall from time to time be assigned to him by the Board of Directors of the Corporation or the Chief Executive Officer of the Corporation consistent with his position as General Counsel and Secretary. During the Term of his employment hereunder, the Executive shall have no interest in, or perform any services during regular business hours for any other company, whether or not such company is competitive with the Corporation, except that this prohibition shall not be deemed to apply to passive investments in businesses not competitive with the business of the Corporation or to investments of 5% or less of the outstanding stock of public companies whose stock is traded on a national securities exchange or in the over-the-counter market. For purposes of this Paragraph 1.2, a “passive investment” shall be deemed to mean investment in a business which does not require or result in the participation of the Executive in the management or operations of such business except during times other than regular business hours and which does not interfere with his duties and responsibilities to the Corporation. Nothing contained herein shall limit the right of the Executive to make speeches, write articles or participate in public debate and discussions in and by means of any medium or communication or serve as director or trustee of any non-competing corporation or organization, provided that such activities are not inconsistent with the Executive’s obligations hereunder. 1.3 Consistent with the Executive’s aforesaid duties the Executive shall, at all times during the Term hereof, be subject to the supervision and direction of the Board of Directors of the Corporation and the Chief Executive Officer with respect to his duties, responsibilities and the exercise of his powers. 1.4 The services of the Executive hereunder shall be rendered primarily at the Corporation’s principal executive office currently in Stuart, Florida; provided, however, that the Executive shall make such trips outside of Stuart, Florida as shall be reasonably necessary in connection with the Executive’s duties hereunder. 1.5 The term of Executive’s employment hereunder shall commence upon the date of this Agreement and such employment shall continue, except as otherwise provided herein, through July 30, 2009 (the “Term”).

Appears in 1 contract

Sources: Employment Agreement (Nuco2 Inc /Fl)

Employment Terms and Duties. 1.1 The Corporation hereby agrees to employ the Executive and the Executive agrees to work for the Corporation as its General Counsel Executive Vice President and SecretaryChief Financial Officer. The Executive shall serve as and perform the duties of General Counsel Executive Vice President and Secretary Chief Financial Officer of the Corporation during the Term (defined hereinafter) of this Agreement. 1.2 The Executive agrees to devote his full business time during regular business hours to working for the Corporation and performing such duties as shall from time to time be assigned to him by the Board of Directors of the Corporation or the Chief Executive Officer of the Corporation consistent with his position as General Counsel Executive Vice President and SecretaryChief Financial Officer. During the Term of his employment hereunder, the Executive shall have no interest in, or perform any services during regular business hours for any other company, whether or not such company is competitive with the Corporation, except that this prohibition shall not be deemed to apply to passive investments in businesses not competitive with the business of the Corporation or to investments of 5% or less of the outstanding stock of public companies whose stock is traded on a national securities exchange or in the over-the-counter market. For purposes of this Paragraph 1.2l.2, a "passive investment" shall be deemed to mean investment in a business which does not require or result in the participation of the Executive in the management or operations of such business except during times other than regular business hours and which does not interfere with his duties and responsibilities to the Corporation. Nothing contained herein shall limit the right of the Executive to make speeches, write articles or participate in public debate and discussions in and by means of any medium or of communication or serve as a director or trustee of any non-competing corporation or organization, provided that such activities are not inconsistent with the Executive’s 's obligations hereunder. 1.3 Consistent with the Executive’s 's aforesaid duties the Executive shall, at all times during the Term hereof, be subject to the supervision and direction of the Board of Directors of the Corporation and the Chief Executive Officer with respect to his duties, responsibilities and the exercise of his powers. 1.4 The services of the Executive hereunder shall be rendered primarily at the Corporation’s 's principal executive office currently in Stuart, Florida; provided, however, that the Executive shall make such trips outside of Stuart, Florida as shall be reasonably necessary in connection with the Executive’s 's duties hereunder. 1.5 The term of the Executive’s 's employment hereunder shall commence upon the date of this Agreement (with the understanding that prior to commencing his duties at the principal executive office of the Corporation he will (a) perform his duties outside of the principal executive office of the Corporation and shall no later than May 21, 2001 commence his duties at the principal executive office of the Corporation and (b) in lieu of the Base Salary (defined hereinafter) otherwise payable for such period, be paid $1,000) and such employment shall continue, except as otherwise provided herein, through July 30May 31, 2009 2005 (the "Term").

Appears in 1 contract

Sources: Employment Agreement (Nuco2 Inc /Fl)

Employment Terms and Duties. 1.1 The Corporation hereby agrees to employ the Executive and the Executive agrees to work provide services for the Corporation initially as its General Counsel Executive Vice President and Secretaryafter December 31, 2008 as its Executive Vice President and Chief Financial Officer. The Executive shall initially serve as and perform the duties of General Counsel Executive Vice President and Secretary subsequently thereto as Executive Vice President and Chief Financial Officer of the Corporation during the Term (defined hereinafter) of this Agreement. 1.2 The Executive agrees to devote his full business time during regular business hours to working for the Corporation and performing such duties as shall from time to time be assigned to him by the Board of Directors of the Corporation (“Board”) or the Chief Executive Officer of the Corporation consistent with his position initially as General Counsel Executive Vice President and Secretarythen as Executive Vice President and Chief Financial Officer. During the Term of his employment hereunder, the Executive shall have no interest in, or perform any services during regular business hours for any other company, whether or not such company is competitive with the Corporation, except that this prohibition shall not be deemed to apply to passive investments in businesses not competitive with the business of the Corporation or to investments of 5% or less of the outstanding stock of public companies whose stock is traded on a national securities exchange or in the over-the-counter market. For purposes of this Paragraph 1.2, a “passive investment” shall be deemed to mean investment in a business which does not require or result in the participation of the Executive in the management or operations of such business except during times other than regular business hours and which does not interfere with his duties and responsibilities to the Corporation. Notwithstanding the foregoing, the Executive may, with the review and concurrence of the Board and the Chief Executive Officer of the Corporation, join the board of directors (or similar governing body) of one business entity. Nothing contained herein shall limit the right of the Executive to make speeches, write articles or participate in public debate and discussions in and by means of any medium or of communication or serve as a director or trustee of any non-competing corporation or organization, provided that such activities are not inconsistent with the Executive’s obligations hereunder. 1.3 Consistent with the Executive’s aforesaid duties the Executive shall, at all times during the Term hereof, be subject to the supervision and direction of the Board of Directors of the Corporation and the Chief Executive Officer with respect to his duties, responsibilities and the exercise of his powers. 1.4 The services of the Executive hereunder shall be rendered primarily at the Corporation’s principal executive office currently in Stuart, Florida; provided, however, that the Executive shall make such trips outside of Stuart, Florida as shall be reasonably necessary in connection with the Executive’s duties hereunder. 1.5 The term of the Executive’s employment hereunder shall commence upon the date of this Agreement and such employment shall continue, except as otherwise provided herein, through July June 30, 2009 2013 (the “Term”).

Appears in 1 contract

Sources: Employment Agreement (Nuco2 Inc /Fl)

Employment Terms and Duties. 1.1 The Corporation hereby agrees to employ the Executive and the Executive agrees to work provide services for the Corporation as its General Counsel Senior Vice President of Marketing and SecretaryBusiness Development. The Executive shall serve as and perform the duties of General Counsel Senior Vice President of Marketing and Secretary Business Development of the Corporation during the Term (defined hereinafter) of this Agreement. 1.2 The Executive agrees to devote his full business time during regular business hours to working for the Corporation and performing such duties as shall from time to time be assigned to him by the Board of Directors of the Corporation (“Board”) or the Chief Executive Officer of the Corporation consistent with his position as General Counsel Senior Vice President of Marketing and SecretaryBusiness Development. During the Term of his employment hereunder, the Executive shall have no interest in, or perform any services during regular business hours for any other company, whether or not such company is competitive with the Corporation, except that this prohibition shall not be deemed to apply to passive investments in businesses not competitive with the business of the Corporation or to investments of 5% or less of the outstanding stock of public companies whose stock is traded on a national securities exchange or in the over-the-counter market. For purposes of this Paragraph 1.2, a “passive investment” shall be deemed to mean investment in a business which does not require or result in the participation of the Executive in the management or operations of such business except during times other than regular business hours and which does not interfere with his duties and responsibilities to the Corporation. Nothing contained herein shall limit the right of the Executive to make speeches, write articles or participate in public debate and discussions in and by means of any medium or of communication or serve as a director or trustee of any non-competing corporation or organization, provided that such activities are not inconsistent with the Executive’s obligations hereunder. 1.3 Consistent with the Executive’s aforesaid duties the Executive shall, at all times during the Term hereof, be subject to the supervision and direction of the Board of Directors of the Corporation and the Chief Executive Officer with respect to his duties, responsibilities and the exercise of his powers. 1.4 The services of the Executive hereunder shall be rendered primarily at the Corporation’s principal executive office currently in Stuart, Florida; provided, however, that the Executive shall make such trips outside of Stuart, Florida as shall be reasonably necessary in connection with the Executive’s duties hereunder. 1.5 The term of the Executive’s employment hereunder shall commence upon the date of this Agreement and such employment shall continue, except as otherwise provided herein, through July June 30, 2009 2014 (the “Term”).

Appears in 1 contract

Sources: Employment Agreement (Nuco2 Inc /De)

Employment Terms and Duties. 1.1 The Corporation hereby agrees to employ the Executive and the Executive agrees to work for the Corporation as its General Counsel and Secretary. The Executive shall serve as and perform the duties of General Counsel Senior Vice President of Sales and Secretary Customer Service of the Corporation during the Term (defined hereinafter) of this Agreement. 1.2 The Executive agrees to devote his full business time during regular business hours to working for the Corporation and performing such duties as shall from time to time be assigned to him by the Board of Directors of the Corporation (“Board”) or the Chief Executive Officer of the Corporation consistent with his position as General Counsel Senior Vice President of Sales and SecretaryCustomer Service. During the Term of his employment hereunder, the Executive shall have no interest in, or perform any services during regular business hours for any other company, whether or not such company is competitive with the Corporation, except that this prohibition shall not be deemed to apply to passive investments in businesses not competitive with the business of the Corporation or to investments of 5% or less of the outstanding stock of public companies whose stock is traded on a national securities exchange or in the over-the-counter market. For purposes of this Paragraph 1.2, a “passive investment” shall be deemed to mean investment in a business which does not require or result in the participation of the Executive in the management or operations of such business except during times other than regular business hours and which does not interfere with his duties and responsibilities to the Corporation. Nothing contained herein shall limit the right of the Executive to make speeches, write articles or participate in public debate and discussions in and by means of any medium or of communication or serve as a director or trustee of any non-competing corporation or organization, provided that such activities are not inconsistent with the Executive’s obligations hereunder. 1.3 Consistent with the Executive’s aforesaid duties the Executive shall, at all times during the Term hereof, be subject to the supervision and direction of the Board of Directors of the Corporation and the Chief Executive Officer with respect to his duties, responsibilities and the exercise of his powers. 1.4 The services of the Executive hereunder shall be rendered primarily at the Corporation’s principal executive office currently in Stuart, Florida; provided, however, that the Executive shall make such trips outside of Stuart, Florida as shall be reasonably necessary in connection with the Executive’s duties hereunder. 1.5 The term of the Executive’s employment hereunder shall commence upon the date of this Agreement and such employment shall continue, except as otherwise provided herein, through July 30May 28, 2009 2013 (the “Term”).

Appears in 1 contract

Sources: Employment Agreement (Nuco2 Inc /Fl)

Employment Terms and Duties. 1.1 The Corporation hereby agrees to employ the Executive and the Executive agrees to work for the Corporation as its General Counsel and SecretaryChief Executive Officer (the "CEO"); as such, he will be responsible for the overall management of the Corporation's business. The Executive shall serve as and perform the duties of General Counsel and Secretary CEO of the Corporation during the Term (defined hereinafter) of this Agreement. In addition, the Executive shall continue to be a member of the Board of Directors of the Corporation (the "Board") during the Term of this Agreement. 1.2 The Executive agrees to devote his full business time during regular business hours to working for the Corporation and performing the aforesaid duties and such other duties as shall from time to time be assigned to him by the Board of Directors of the Corporation or the Chief Executive Officer of the Corporation consistent with his position as General Counsel and SecretaryCEO. During the Term of his employment hereunder, the Executive shall have no interest in, or perform any services during regular business hours for any other company, whether or not such company is competitive with the Corporation, except that this prohibition shall not be deemed to apply to passive investments in businesses not competitive with the business of the Corporation or to investments of 5% or less of the outstanding stock of public companies whose stock is traded on a national securities exchange or in the over-the-counter market. For purposes of this Paragraph 1.2l.2, a "passive investment" shall be deemed to mean investment in a business which does not require or result in the participation of the Executive in the management or operations of such business except during times other than regular business hours and which does not interfere with his duties and responsibilities to the Corporation. Nothing contained herein shall limit the right of the Executive to make speeches, write articles or participate in public debate and discussions in and by means of any medium or of communication or serve as a director or trustee of any non-competing corporation or organization, provided that such activities are not inconsistent with the Executive’s 's obligations hereunder. 1.3 Consistent with the Executive’s 's aforesaid duties the Executive shall, at all times during the Term hereof, be subject to the supervision and direction of the Board of Directors of the Corporation and the Chief Executive Officer with respect to his duties, responsibilities and the exercise of his powers. 1.4 The services of the Executive hereunder shall be rendered primarily at the Corporation’s 's principal executive office offices currently in Stuart, Florida; provided, however, that the Executive shall make such trips outside of Stuart, Florida as shall be reasonably necessary in connection with the Executive’s 's duties hereunder. 1.5 The term of Executive’s employment hereunder this Agreement shall commence upon the date execution by the Executive of this Agreement and such employment shall continue, except as otherwise provided herein, through July June 30, 2009 2007 (the "Term").

Appears in 1 contract

Sources: Employment Agreement (Nuco2 Inc /Fl)

Employment Terms and Duties. 1.1 The Corporation hereby agrees to employ the Executive and the Executive agrees to work for the Corporation initially as its General Counsel Senior Financial Consultant and Secretaryafter November 22, 2002 as its Executive Vice President and Chief Financial Officer. The Executive shall initially serve as and perform the duties of General Counsel Senior Financial Consultant and Secretary subsequently thereto as Executive Vice President and Chief Financial Officer of the Corporation during the Term (defined hereinafter) of this Agreement. 1.2 The Executive agrees to devote his full business time during regular business hours to working for the Corporation and performing such duties as shall from time to time be assigned to him by the Board of Directors of the Corporation or the Chief Executive Officer of the Corporation consistent with his position initially as General Counsel Senior Financial Consultant and Secretarythen as Executive Vice President and Chief Financial Officer. During the Term of his employment hereunder, the Executive shall have no interest in, or perform any services during regular business hours for any other company, whether or not such company is competitive with the Corporation, except that this prohibition shall not be deemed to apply to passive investments in businesses not competitive with the business of the Corporation or to investments of 5% or less of the outstanding stock of public companies whose stock is traded on a national securities exchange or in the over-the-counter market. For purposes of this Paragraph 1.2l.2, a "passive investment" shall be deemed to mean investment in a business which does not require or result in the participation of the Executive in the management or operations of such business except during times other than regular business hours and which does not interfere with his duties and responsibilities to the Corporation. Nothing contained herein shall limit the right of the Executive to make speeches, write articles or participate in public debate and discussions in and by means of any medium or of communication or serve as a director or trustee of any non-competing corporation or organization, provided that such activities are not inconsistent with the Executive’s 's obligations hereunder. 1.3 Consistent with the Executive’s 's aforesaid duties the Executive shall, at all times during the Term hereof, be subject to the supervision and direction of the Board of Directors of the Corporation and the Chief Executive Officer with respect to his duties, responsibilities and the exercise of his powers. 1.4 The services of the Executive hereunder shall be rendered primarily at the Corporation’s 's principal executive office currently in Stuart, Florida; provided, however, that the Executive shall make such trips outside of Stuart, Florida as shall be reasonably necessary in connection with the Executive’s 's duties hereunder. 1.5 The term of the Executive’s 's employment hereunder shall commence upon the date of this Agreement and such employment shall continue, except as otherwise provided herein, through July 30October 31, 2009 2006 (the "Term").

Appears in 1 contract

Sources: Employment Agreement (Nuco2 Inc /Fl)