Common use of Job Position Clause in Contracts

Job Position. Executive’s employment with Company shall commence on the date reflected next to his/her name in the attached Exhibit A. Executive shall be employed and shall work in a full-time capacity in the job position reflected next to his/her name in the attached Exhibit A. Except for the position of President & Chief Executive Officer, all other Executives shall report to the Company’s President & Chief Executive Officer; the Company’s President & Chief Executive Officer shall report directly to the Board of Directors. Executive shall be based out of Company’s global headquarters office, currently located in Rochester Hills, MI, unless otherwise agreed. Executive’s job duties shall be similar to those of similarly-situated executives in public companies, including but not limited to the duties of his/her immediate Dura predecessor, and as otherwise directed from time to time by the Company’s President & Chief Executive Officer and/or Board of Directors. Executive shall devote all of his/her time, attention, knowledge, and skill solely and exclusively to the business and interests of the Company, and the Company shall be entitled to all benefits and profits arising from or incident to any and all work, services, and advice of Executive; provided, however, that Executive shall not be precluded from devoting personal time to personal investments or from serving in outside director and/or advisory positions, as long as such positions do not conflict with Executive’s ability to fully perform his/her duties for the Company and as long as such positions are approved in writing in advance by the Company’s Board of Directors.

Appears in 4 contracts

Samples: Employment Term Sheet Agreement (Dura Automotive Systems Inc), Employment Term Sheet Agreement (Dura Automotive Systems Inc), Employment Term Sheet Agreement (Dura Automotive Systems Inc)

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