Common use of Full Time and Best Efforts Clause in Contracts

Full Time and Best Efforts. Subject to the terms set forth herein, the Company agrees to employ Executive as its Executive Vice President and Chief Financial Officer and in such other executive capacities, commensurate with Executive's position, as may be requested from time to time by the Company's Board of Directors (the "Board") or a duly authorized committee thereof, and Executive hereby accepts such employment. Executive shall render such other services for each of the Company and corporations controlled by or controlling the Company, and to successor entities and assignees of the Company (the "Affiliates"), as the Company may from time to time reasonably request and shall be consistent with the duties Executive is to perform for the Company and with Executive's experience. During the term of his employment with the Company, Executive will devote his full business time and use his best efforts to advance the business and welfare of the Company, and will not engage in any other employment or business activities for any direct or indirect remuneration that would be directly harmful or detrimental to, or that may compete with, the business and affairs of the Company, or that would interfere with his duties hereunder; provided, however, that it is understood and agreed by the parties that Executive shall not be precluded from involvement in charitable or civic activities, serving as a member of the board of directors of any other business enterprise or engaging in personal financial investment activities to the extent the same do not compete with or materially interfere with his time or attention to the business of the Company or otherwise violate the terms of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Aircraft Braking Services, Inc.)

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Full Time and Best Efforts. Subject to the terms set forth herein, the Company agrees to employ Executive as its Executive Senior Vice President and Chief Financial Officer President—Marketing and in such other executive capacities, commensurate with Executive's position, as may be requested from time to time by the Company's Board of Directors (the "Board") or a duly authorized committee thereof, and Executive hereby accepts such employment. Executive shall render such other services for each of the Company and corporations controlled by or controlling the Company, and to successor entities and assignees of the Company (the "Affiliates"), as the Company may from time to time reasonably request and shall be consistent with the duties Executive is to perform for the Company and with Executive's experience. During the term of his employment with the Company, Executive will devote his full business time and use his best efforts to advance the business and welfare of the Company, and will not engage in any other employment or business activities for any direct or indirect remuneration that would be directly harmful or detrimental to, or that may compete with, the business and affairs of the Company, or that would interfere with his duties hereunder; provided, however, that it is understood and agreed by the parties that Executive shall not be precluded from involvement in charitable or civic activities, serving as a member of the board of directors of any other business enterprise or engaging in personal financial investment activities to the extent the same do not compete with or materially interfere with his time or attention to the business of the Company or otherwise violate the terms of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Aircraft Braking Services, Inc.)

Full Time and Best Efforts. Subject to the terms set forth herein, the Company agrees to employ Executive as its Executive Vice President and Chief Financial Executive Officer and in such other executive capacities, commensurate with Executive's positionposition as President and Chief Executive Officer of the Company, as may be requested from time to time by the Company's Board of Directors (the "Board") or a duly authorized committee thereof, and Executive hereby accepts such employment. Executive shall render such other services for each of the Company and corporations controlled by or controlling the Company, and to successor entities and assignees of the Company (the "Affiliates"), as the Company may from time to time reasonably request and shall be consistent with the duties Executive is to perform for the Company and with Executive's experience. During the term of his employment with the Company, Executive will devote his full business time and use his best efforts to advance the business and welfare of the Company, and will not engage in any other employment or business activities for any direct or indirect remuneration that would be directly harmful or detrimental to, or that may compete with, the business and affairs of the Company, or that would interfere with his duties hereunder; provided, however, that it is understood and agreed by the parties that Executive shall not be precluded from involvement in charitable or civic activities, serving as a member of the board of directors of any other business enterprise or engaging in personal financial investment activities to the extent the same do not compete with or materially interfere with his time or attention to the business of the Company or otherwise violate the terms of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Aircraft Braking Services, Inc.)

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Full Time and Best Efforts. Subject to the terms set forth herein, the Company agrees to employ Executive as its Executive Vice President President, Secretary and Chief Financial Officer General Counsel and in such other executive capacities, commensurate with Executive's position, as may be requested from time to time by the Company's Board of Directors (the "Board") or a duly authorized committee thereof, and Executive hereby accepts such employment. Executive shall render such other services for each of the Company and corporations controlled by or controlling the Company, and to successor entities and assignees of the Company (the "Affiliates"), as the Company may from time to time reasonably request and shall be consistent with the duties Executive is to perform for the Company and with Executive's experience. During the term of his employment with the Company, Executive will devote his full business time and use his best efforts to advance the business and welfare of the Company, and will not engage in any other employment or business activities for any direct or indirect remuneration that would be directly harmful or detrimental to, or that may compete with, the business and affairs of the Company, or that would interfere with his duties hereunder; provided, however, that it is understood and agreed by the parties that Executive shall not be precluded from involvement in charitable or civic activities, serving as a member of the board of directors of any other business enterprise or engaging in personal financial investment activities to the extent the same do not compete with or materially interfere with his time or attention to the business of the Company or otherwise violate the terms of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Aircraft Braking Services, Inc.)

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