Common use of Offices and Duties Clause in Contracts

Offices and Duties. Commencing with the Effective Date, the Company hereby employs Executive during the Term (as hereinafter defined) to serve as a Senior Vice President--Toymax Division of the Company, responsible for performing executive and managerial functions regarding the operations of the Company's Toymax division (including the product lines produced by Toymax International as part of the Toymax, Funnoodle and Go Fly A Kite lines) and to perform such duties in connection therewith on behalf of the Company as the Board of Directors of the Company or the Company's Chairman Jack Friedman or President Stephen Berman may from time to time direct. Xxx Xxxxx xx Directors of xxx Xxxxxxx xxy elect or designate Executive to serve in such other corporate offices of the Company or a subsidiary thereof as they may from time to time deem necessary, proper or advisable. Executive hereby accepts such employment and agrees that throughout the Term he shall faithfully, diligently and to the best of his ability, in furtherance of the business of the Company, perform the duties assigned to him or incidental to the offices assumed by him pursuant to this Section. Executive shall devote all of his business time and attention to the business and affairs of the Company. Executive shall at all times be subject to the direction and control of the Board of Directors of the Company and observe and comply with such rules, regulations, policies and practices as the Board of Directors of the Company may from time to time reasonably establish in the exercise of their good faith discretion.

Offices and Duties. Commencing with the Effective Date, the Company hereby employs Executive during the Term (as hereinafter defined) to serve as a Senior Vice President--President Sales-Toymax Division of the Company, responsible for performing executive and managerial functions regarding the operations managing sales of the Company's Toymax division (including the product lines produced by Toymax International as part of the Toymax, Funnoodle and Go Fly A Kite lines) and to perform such duties in connection therewith on behalf of the Company as the Board of Directors of the Company or a senior executive officer of the Company's Chairman Jack Friedman or President Stephen Berman Company may from time to time directdirect that are consistent with Executive's position. Xxx Xxxxx xx The Board of Directors of xxx Xxxxxxx xxy the Company may elect or designate Executive to serve in such other corporate offices of the Company or a subsidiary thereof as they may from time to time deem necessary, proper or advisableadvisable with the consent of Executive, which shall not be unreasonably withheld or delayed. Executive hereby accepts such employment and agrees that throughout the Term he shall faithfully, diligently and to the best of his ability, in furtherance of the business of the Company, perform the duties assigned to him or incidental to the offices assumed by him pursuant to this Section. Executive shall devote all of his business time and attention to the business and affairs of the Company. Executive shall at all times be subject to the direction and control of the Board of Directors of the Company and observe and comply with such rules, regulations, policies and practices as the Board of Directors of the Company may from time to time reasonably establish in the exercise of their good faith discretion.

Offices and Duties. Commencing with the Effective Date, the The Company hereby employs Executive during the Term (as hereinafter defined) to serve as a Senior Vice President--Toymax Division of the Company, responsible for performing executive and managerial functions regarding the operations of the Company's Toymax division (including the product lines produced by Toymax International as part of the Toymax, Funnoodle and Go Fly A Kite lines) Chief Operating Officer and to perform such executive and supervisory duties in connection therewith on behalf of the Company as the Company's Board of Directors of the Company or the Company's Chairman Jack Friedman or President Stephen Berman may from time to time reasonably direct. Xxx Xxxxx xx The Company's Board of Directors of xxx Xxxxxxx xxy shall elect Executive to serve as the Company's President, and may elect or designate Executive to serve in such other corporate offices of the Company or a subsidiary thereof of the Company as they may the Company's Board of Directors from time to time may deem necessary, proper or advisable. Executive hereby accepts such employment and agrees that throughout the Term he shall faithfully, diligently and to the best of his ability, in furtherance of the business of the Company, perform the duties assigned to him or incidental to the offices assumed by him pursuant to this Section. Executive shall devote substantially all of his business time and attention to the business and affairs of the Company, but Executive shall not be required to devote any minimum amount of time or report or perform his duties hereunder on a fixed or periodic basis, and, subject to Sections 9, 10 and 11, Executive may engage or participate in such other activities incidental to any other employment, occupation or business venture or enterprise as do not materially interfere with or compromise his ability to perform his duties hereunder. Executive shall at all times be subject to the direction and control of the Company's Board of Directors of the Company Directors, and observe and comply with such rules, regulations, policies and practices as the Company's Board of Directors of the Company may from time to time reasonably establish in the exercise of their good faith discretionestablish.

Offices and Duties. Commencing with the Effective Date, the The Company hereby employs Executive during the Term (as hereinafter defined) to serve as a Senior Vice President--Toymax Division of the Company, responsible for performing perform such executive and managerial functions regarding the operations of the Company's Toymax division (including the product lines produced by Toymax International as part of the Toymax, Funnoodle and Go Fly A Kite lines) and to perform such supervisory duties in connection therewith on behalf of the Company Companies as the Board of Directors of the Company or the Company's Chairman Jack Friedman JAKKS or President Stephen Berman a senior executive officer of JAKKS may from time to time direct; provided that such duties are substantially within the scope of the duties performed by Executive for the Companies immediately prior to the date hereof. Xxx Xxxxx xx The Board of Directors of xxx Xxxxxxx xxy either of the Companies may elect or designate Executive to serve in such other corporate offices of either of the Company Companies or a subsidiary thereof as they may from time to time deem necessary, proper or advisable. Executive hereby accepts such employment and agrees that throughout the Term he shall faithfully, diligently and to the best of his ability, in furtherance of the business of the CompanyCompanies, perform the duties assigned to him or incidental to the offices assumed by him pursuant to this Section. Executive shall devote substantially all of his business time and attention to the business and affairs of the CompanyCompanies, but Executive shall not be required to devote any minimum amount of time or report or perform his duties hereunder on a fixed or periodic basis, and Executive may engage or participate in such other activities incidental to any other business venture or enterprise as do not materially interfere with or compromise his ability to perform his duties hereunder. Executive shall at all times be subject to the direction and control of the Board of Directors of the Company Companies and observe and comply with such rules, regulations, policies and practices as the Board of Directors of the Company may from time to time reasonably establish in the exercise of their good faith discretionestablish.

Offices and Duties. Commencing with the Effective Date, the The Company hereby employs Executive during the Term (as hereinafter defined) to serve as a Senior Vice President--Toymax Division of the Company, responsible for performing executive and managerial functions regarding the operations of the Company's Toymax division (including the product lines produced by Toymax International as part of the Toymax, Funnoodle and Go Fly A Kite lines) Chief Operating Officer and to perform such executive and supervisory duties in connection therewith on behalf of the Company as the Company's Board of Directors of the Company or the Company's Chairman Jack Friedman or President Stephen Berman may from time to time reasonably direct. Xxx Xxxxx xx By its approval of this Agreement, the Company's Board of Directors of xxx Xxxxxxx xxy shall also agree to elect Executive to serve as the Company's Chairman, and may elect or designate Executive to serve in such other corporate offices of the Company or a subsidiary thereof or affiliate of the Company as they may the Company's Board of Directors from time to time may deem necessary, proper or advisableadvisable and as the Executive shall accept. Executive hereby accepts such employment and agrees that throughout the Term he shall faithfully, diligently and to the best of his ability, in furtherance of the business of the Company, perform the duties assigned to him or incidental to the offices assumed by him pursuant to this Section. Executive shall devote substantially all of his business time and attention to the business and affairs of the Company, but Executive shall not be required to devote any minimum amount of time or report or perform his duties hereunder on a fixed or periodic basis, and Executive may engage or participate in such other activities incidental to any other employment, occupation or business venture or enterprise as do not materially interfere with or compromise his ability to perform his duties hereunder. Executive shall at all times be subject to the direction and control of the Company's Board of Directors of the Company Directors, and observe and comply with such rules, regulations, policies and practices as the Company's Board of Directors of the Company may from time to time reasonably establish in the exercise of their good faith discretionestablish.

Offices and Duties. Commencing with the Effective Date, the The Company hereby employs Executive during the Term (as hereinafter defined) to serve as a Senior Vice President--Toymax Division President for Product Development of the Company, responsible for performing executive product development for the Company and managerial functions regarding the operations of the Company's Toymax division (including the product lines produced by Toymax International as part of the Toymaxits Affiliates, Funnoodle and Go Fly A Kite lines) and to perform such executive and supervisory duties in connection therewith on behalf of the Company as the Board of Directors of the Company or a senior executive officer of the Company's Chairman Jack Friedman or President Stephen Berman Company may from time to time directdirect that are consistent with Executive's position. Xxx Xxxxx xx The Board of Directors of xxx Xxxxxxx xxy the Company may elect or designate Executive to serve in such other corporate offices of the Company or a subsidiary thereof as they may from time to time deem necessary, proper or advisable, with the consent of the Executive which shall not be unreasonably withheld or delayed. Executive hereby accepts such employment and agrees that throughout the Term he shall faithfully, diligently and to the best of his ability, in furtherance of the business of the Company, perform the duties assigned to him or incidental to the offices assumed by him pursuant to this Section. Executive shall devote all of his business time and attention to the business and affairs of the Company. Executive shall at all times be subject to the direction and control of the Board of Directors of the Company and observe and comply with such rules, regulations, policies and practices as the Board of Directors of the Company may from time to time reasonably establish in the exercise of their good faith discretion.

Offices and Duties. Commencing with the Effective Date, the Company hereby employs Executive during the Term (as hereinafter defined) to serve as a Senior Vice President--Toymax Division -Finance of the Company, responsible for performing executive coordinating the merger of the operations of Toymax International and managerial functions regarding its Affiliates with the operations of the Company's Toymax division (including the product lines produced by Toymax International as part Company and its other Affiliates, and for management of the ToymaxCompany and its Affiliates' banking, Funnoodle accounts receivable, and Go Fly A Kite lines) international financial functions, and to perform such executive and supervisory duties in connection therewith on behalf of the Company as the Board of Directors of the Company or a senior executive officer of the Company's Chairman Jack Friedman or President Stephen Berman Company may from time to time directdirect that are consistent with Executive's position. Xxx Xxxxx xx The Board of Directors of xxx Xxxxxxx xxy the Company may elect or designate Executive to serve in such other corporate offices of the Company or a subsidiary thereof as they may from time to time deem necessary, proper or advisableadvisable with the consent of the Executive, which shall not be unreasonably withheld or delayed. Executive hereby accepts such employment and agrees that throughout the Term he shall faithfully, diligently and to the best of his ability, in furtherance of the business of the Company, perform the duties assigned to him or incidental to the offices assumed by him pursuant to this Section. Executive shall devote all of his business time and attention to the business and affairs of the Company. Executive shall at all times be subject to the direction and control of the Board of Directors of the Company and observe and comply with such rules, regulations, policies and practices as the Board of Directors of the Company may from time to time reasonably establish in the exercise of their good faith discretion.