Common use of Position Duties; Commitment Clause in Contracts

Position Duties; Commitment. During the Employment Period, you will be employed by the Company as its Vice President of Finance and Chief Accounting Officer. You will report to the Company’s Chief Financial Officer (“CFO”), and shall perform such duties consistent with your position as Chief Accounting Officer and as may be assigned to you by the CFO, Chief Executive Officer and/or the Board of Directors of the Company (the “Board”). You agree to devote substantially all of your working time, attention and energies to the Company and its Affiliates, and while you remain employed, not to engage in any other business activity that is in conflict with your duties and obligations to the Company; provided, however, that, for the avoidance of doubt, you may (i) manage your passive personal investments, (ii) with advance written approval from the Company, serve on industry, trade, civic, charitable or non-profit corporate boards or committees, and (iii) with the advance written approval of the Company, serve on outside for-profit corporate boards or committees. For purposes of this Agreement, the term “Affiliates” means all persons and entities directly or indirectly controlling, controlled by or under common control with the Company, where control may be by management authority or equity interest.

Appears in 1 contract

Sources: Employment Agreement (Minerva Neurosciences, Inc.)

Position Duties; Commitment. During the Employment Period, you will be employed by the Company as its Senior Vice President of Finance and Chief Accounting Officer. You will report to the Company’s 's Chief Financial Officer ("CFO"), and shall perform such duties consistent with your position as Chief Accounting Officer and as may be assigned to you by the CFO, Chief Executive Officer and/or the Board of Directors of the Company (the "Board"). You agree to devote substantially all of your working time, attention and energies to the Company and its Affiliates, and while you remain employed, not to engage in any other business activity that is in conflict with your duties and obligations to the Company; provided, however, that, for the avoidance of doubt, you may (i) manage your passive personal investments, (ii) with advance written approval from the Company, serve on industry, trade, civic, charitable or non-profit corporate boards or committees, and (iii) with the advance written approval of the Company, serve on outside for-profit corporate boards or committees. For purposes of this Agreement, the term "Affiliates" means all persons and entities directly or indirectly controlling, controlled by or under common control with the Company, where control may be by management authority or equity interest.

Appears in 1 contract

Sources: Employment Agreement (Minerva Neurosciences, Inc.)