Position and Duties Sample Clauses
The "Position and Duties" clause defines the employee's job title and outlines their primary responsibilities within the organization. It typically specifies the role the employee will hold, the department or supervisor they will report to, and may include a summary of key tasks or expectations. By clearly establishing the scope of the employee's role, this clause helps prevent misunderstandings about job functions and ensures both parties have a mutual understanding of the employee's obligations.
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Position and Duties. (a) Effective as of the Effective Date, the Executive will continue to be employed by the Company, on a full-time basis, as the Chief Executive Officer of the Company Group (defined below).
(b) The Executive agrees to perform the duties of his position and such other duties as may reasonably be assigned to the Executive from time to time by the Board. The Executive also agrees that, while employed by the Company, he will devote his full business time and his best efforts, business judgment, skill and knowledge exclusively to the advancement of the business interests of the Company and its Affiliates and to the discharge of his duties and responsibilities for them. The Executive and the Company acknowledge and agree that, consistent with the Executive’s and the Company’s practices as in effect as of the date hereof, (i) the Executive may perform the duties required of him under this Agreement remotely, and (ii) the Executive shall be present at the Company’s business premises and travel for business purposes as required to fulfill his duties and obligations pursuant hereto and as mutually agreed by the Executive and the Company. Notwithstanding the foregoing, the Executive may (x) serve on any industry, trade, civic, community or charitable boards or committees as approved by the Board, and/or engage in charitable activities and community affairs personally or as a director or trustee of any family trusts or foundations without the need for any Board approval, (y) serve on the board of directors (or equivalent) of any Person disclosed to the Board, (z) subject to the prior written consent of the Board, serve as an owner, partner, investor, consultant, agent, manager, director, employee, co-venturer or otherwise for any Person or otherwise engage in or possess an interest in another business venture (connected or unconnected with the Company Group) of any kind and description, independently or with others; provided that the services set forth in each of the preceding clauses (x), (y), and (z) do not, individually or in the aggregate, (1) interfere with the performance of the Executive’s duties and responsibilities under this Agreement, (2) conflict with the business interests of the Company or its Affiliates, (3) violate any of the Executive’s obligations under Section 3 of this Agreement, and/or (4) otherwise involve business or fiduciary conflicts.
(c) The Executive agrees that, while employed by the Company, he will comply with all Company policies, pract...
Position and Duties. (i) During the Employment Period, (A) the Executive's position (including status, offices, titles and reporting requirements), authority, duties and responsibilities shall be at least commensurate in all material respects with the most significant of those held, exercised and assigned at any time during the 120-day period immediately preceding the Effective Date and (B) the Executive's services shall be performed at the location where the Executive was employed immediately preceding the Effective Date or any office or location less than 35 miles from such location.
(ii) During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote reasonable attention and time during normal business hours to the business and affairs of the Company and, to the extent necessary to discharge the responsibilities assigned to the Executive hereunder, to use the Executive's reasonable best efforts to perform faithfully and efficiently such responsibilities. During the Employment Period it shall not be a violation of this Agreement for the Executive to (A) serve on corporate, civic or charitable boards or committees, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage personal investments, so long as such activities do not significantly interfere with the performance of the Executive's responsibilities as an employee of the Company in accordance with this Agreement. It is expressly understood and agreed that to the extent that any such activities have been conducted by the Executive prior to the Effective Date, the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the Effective Date shall not thereafter be deemed to interfere with the performance of the Executive's responsibilities to the Company.
Position and Duties. (i) During the Employment Period, (A) the Employee's position (including status, offices, titles and reporting requirements), authority, duties and responsibilities shall be at least commensurate in all material respects with the most significant of those held, exercised and assigned at any time during the 120-day period immediately preceding the Effective Date and (B) the Employee's services shall be performed at the location where the Employee was employed immediately preceding the Effective Date or any office or location less than 35 miles from such location.
(ii) During the Employment Period, and excluding any periods of vacation and sick leave to which the Employee is entitled, the Employee agrees to devote reasonable attention and time during normal business hours to the business and affairs of the Employer and, to the extent necessary to discharge the responsibilities assigned to the Employee hereunder, to use the Employee's reasonable best efforts to perform faithfully and efficiently such responsibilities. During the Employment Period it shall not be a violation of this Agreement for the Employee to (A) serve on corporate, civic or charitable boards or committees, (B) deliver lectures, fulfill speaking engagements or teach at educational institutions and (C) manage personal investments, so long as such activities do not significantly interfere with the performance of the Employee's responsibilities as an employee of the Employer in accordance with this Agreement. It is expressly understood and agreed that to the extent that any such activities have been conducted by the Employee prior to the Effective Date, the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the Effective Date shall not thereafter be deemed to interfere with the performance of the Employee's responsibilities to the Employer.
Position and Duties. (i) During the Employment Period, the Executive shall serve as Executive Chairman of the REIT and the Operating Partnership, and shall perform such employment duties as are usual and customary for such positions. The Executive shall report directly to the Board of Directors of the REIT (the “Board”). In addition, during the Employment Period, the Company shall cause the Executive to be nominated to stand for election to the Board at any meeting of stockholders of the REIT during which any such election is held and the Executive’s term as director will expire if he is not reelected; provided, however, that the Company shall not be obligated to cause such nomination if any of the events constituting Cause (as defined below) have occurred and not been cured. Provided that the Executive is so nominated and is elected to the Board, the Executive hereby agrees to serve as a member of the Board. At the Company’s request, the Executive shall serve the Company and/or its subsidiaries and affiliates in other capacities in addition to the foregoing consistent with the Executive’s position as Executive Chairman of the REIT and the Operating Partnership. In the event that the Executive, during the Employment Period, serves in any one or more of such additional capacities, the Executive’s compensation shall not be increased beyond that specified in Section 2(b) hereof. In addition, in the event the Executive’s service in one or more of such additional capacities is terminated, the Executive’s compensation, as specified in Section 2(b) hereof, shall not be diminished or reduced in any manner as a result of such termination provided that the Executive otherwise remains employed under the terms of this Agreement.
(ii) During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive may be entitled, the Executive agrees to devote a significant majority of his business time and attention to the business and affairs of the Company. Notwithstanding the foregoing, during the Employment Period, it shall not be a violation of this Agreement for the Executive to (A) continue to serve as Chairman of the Board of Insurance Company of the West, (B) serve on boards, committees or similar bodies of charitable or nonprofit organizations, (C) fulfill limited teaching, speaking and writing engagements, and (D) manage his personal investments, in each case, so long as such activities do not materially interfere or conflict with the performance of th...
Position and Duties. The Executive shall serve as Executive Vice President of the Company with responsibilities and authority as may from time to time be assigned by the Chief Executive Officer and/or the Board of Directors of the Company. Executive agrees to perform faithfully and industriously the duties which the Company may assign to him.
Position and Duties. (a) During the Employment Period, Employee shall serve as Chief Financial Officer of the Company and its Subsidiaries, and shall have the normal duties, responsibilities, functions and authority of a Chief Financial Officer, provided that Employee’s duties, responsibilities, functions and authority are all subject to the power of the Chief Executive Officer and President of the Company and the Company’s board of directors (the “Board”) to expand or limit such duties, responsibilities, functions and authority, and to override actions of the officers and employees of the Company. During the Employment Period, Employee shall render such services to the Company as the Chief Executive Officer and President and/or the Board may from time to time direct.
(b) During the Employment Period, Employee shall report to the Chief Executive Officer and President and the Board and shall devote his best efforts and his full business time and attention (except for permitted vacation periods and reasonable periods of illness or other incapacity) to the business and affairs of the Company, its current and future, direct and indirect, Subsidiaries, parents, and related entities or affiliates.
(c) Employee shall perform his duties, responsibilities and functions to the Company and its Subsidiaries hereunder to the best of his abilities in a diligent, trustworthy, businesslike and efficient manner and shall comply with the Company’s current policies and procedures in all material respects. During the Employment Period, Employee shall not serve as an officer or director of, or otherwise perform services for compensation for, any other entity without the prior written consent of the Board; provided that Employee may serve as an officer or director of, or otherwise participate in, purely educational, welfare, social, religious or civic organizations so long as such activities do not interfere with Employee’s employment.
(d) For purposes of this Agreement, “Subsidiaries” shall mean any corporation or other entity of which the securities or other ownership interests having the voting power to elect a majority of the board of directors or other governing body are, at the time of determination, owned by the Company, directly or through one or more Subsidiaries.
Position and Duties. The Executive shall serve as an Executive Officer of the Company and shall perform such duties and responsibilities as may from time to time be prescribed by the Company's board of directors (the "Board"), provided that such duties and responsibilities are consistent with the Executive's position. The Executive shall perform and discharge faithfully, diligently and to the best of his/her ability such duties and responsibilities and shall devote all of his/her working time and efforts to the business and affairs of the Company and its affiliates.
Position and Duties. UniCapital and the Company hereby employ Employee as the President and Chief Executive Officer of each of the Company and the "Big Ticket Leasing Division" of UniCapital. As such, Employee shall have responsibilities, duties and authority reasonably accorded to and expected of the President and Chief Executive Officer of the Company and the Big Ticket Leasing Division and will report directly to the Chief Executive Officer and the Board of Directors (the "Board") of UniCapital. For purposes of this Agreement only (and specifically not for any purpose under the Purchase Agreement, including Section 2.5 of the Purchase Agreement), the term "Big Ticket Leasing Division" means the subsidiaries or other business units of UniCapital that conduct the business of leasing and financing of airplanes, boats, satellites, railroads, and other assets that are defined from time to time by the Board as appropriate for inclusion in its Big Ticket Leasing Division. Employee hereby accepts this employment upon the terms and conditions herein contained and agrees to devote all of his professional time, attention, and efforts to promote and further the business of the Company and the Big Ticket Leasing Division, provided, however, that Employee shall be permitted to devote any time necessary to the activities identified on Exhibit A hereto. The Employee shall be permitted, to the extent that such activities do not interfere with or detract from the Employee's performance of his duties and responsibilities hereunder, to (i) manage the Employee's personal, financial and legal affairs, and (ii) serve on corporate, civic or charitable boards or committees unless the Board or Chief Executive Officer of UniCapital reasonably determines that such service in any instance would be inimical to or otherwise not in the best interests of the Companies. In furtherance of the performance of his duties hereunder, but not in limitation of the Employee's reasonability to perform such duties, the Employee shall be provided with reasonable administrative and technical support consistent with his position and with the Companies' ordinary practices for the assignment of personnel. Employee shall faithfully adhere to, execute, and fulfill all policies established by the Companies.
Position and Duties. (i) During the Employment Period, the Executive shall serve as Chairman and President of the Company and shall perform such employment duties as are usual and customary for such positions. At the Company's request, the Executive shall serve the Company and/or its subsidiaries and affiliates in other offices and capacities in addition to the foregoing. In the event that the Executive, during the Employment Period, serves in any one or more of such additional capacities, the Executive's compensation shall not be increased beyond that specified in Section 2(b) of this Agreement. In addition, in the event the Executive's service in one or more of such additional capacities is terminated, the Executive's compensation, as specified in Section 2(b) of this Agreement, shall not be diminished or reduced in any manner as a result of such termination for so long as the Executive otherwise remains employed under the terms of this Agreement.
(ii) During the Employment Period, and excluding any periods of vacation and sick leave to which the Executive is entitled, the Executive agrees to devote appropriate attention and time during normal business hours to the business and affairs of the Company. During the Employment Period it shall not be a violation of this Agreement for the Executive to (A) serve on corporate, civic or charitable boards or committees, (B) fulfill limited teaching, speaking and writing engagements or (C) manage his personal investments, so long as such activities do not significantly interfere with the performance of the Executive's responsibilities as an employee of the Company in accordance with this Agreement and (D) undertake other business responsibilities. It is expressly understood and agreed that to the extent that any such activities have been conducted by the Executive prior to the Effective Date, the continued conduct of such activities (or the conduct of activities similar in nature and scope thereto) subsequent to the Effective Date shall not thereafter be deemed to interfere with the performance of the Executive's responsibilities to Company; provided that no such activity that violates any written non-competition agreement between the parties shall be permitted.
Position and Duties. During the Employment Term, F▇▇▇ shall serve as Chief Executive Officer and Chairman of the Board of the Company performing such duties and having such authority and responsibility consistent with P▇▇▇’s position and under general direction by the Board of the Company. F▇▇▇ will also serve as interim President until such time as the governing body of the Company elects such officer. F▇▇▇ shall report directly to the Board of Directors (or other comparable governing body of the Company), F▇▇▇ will be the primary press contact, principle brand ambassador, and spokesperson for the Company and its affiliates and will have final approval rights on all employees/contractors for the Company and its affiliates. During the Employment Term, F▇▇▇ shall devote at least 40 hours a week to the performance of F▇▇▇’▇ duties hereunder (provided that F▇▇▇ shall at all times be an exempt employee and shall not be responsible for keeping records of time spent on Company business) and will not engage in any other competitive business which would conflict or interfere with the performance of such duties either directly or indirectly. Notwithstanding the foregoing, F▇▇▇ will be permitted to (a) act or serve as a director, trustee, committee member, or principal of any type of business, civic, or charitable organization; provided that such action or service would not directly conflict or interfere with the performance of F▇▇▇’▇ duties hereunder; (b) purchase or own less than five percent (5%) of the publicly traded securities of any corporation; (c) maintain his law license and engage in the practice of law (individually or as an employee or partner of a law firm), provide such practice is limited in scope so as not to conflict or interfere with the performance of F▇▇▇’▇ duties hereunder; and/or (d) act in any capacity. and receive compensation for such action in addition to the compensation set out herein, for any affiliate of Company. Upon profitability of Company, F▇▇▇ shall be provided a dedicated executive assistant at Company expense to assist in performance of F▇▇▇’▇ services and obligations under this Agreement.