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Executive shall also serve in such positions for the PBF Companies as determined by the Board of Directors of PBF Energy Inc. (the \u201cBoard\u201d), provided however, the only compensation paid to Executive shall be through this Agreement. In such positions, Executive shall have such duties and authority that are customary for those positions of companies of the size, type and nature of the Company. Executive acknowledges that during the Employment Term, he may spend a significant amount of his time traveling for purposes of Company business. Executive acknowledges that as an exempt member of management he will neither be paid for any overtime or excess time for hours exceeding the regular working hours per week nor for additional time for weekend work. The base salary of Executive as set forth in this Agreement covers the remuneration of any extra hours or weekend work.\n(b) Executive shall devote an appropriate amount of time and energy to the business and affairs of the PBF Companies and shall not be engaged in any other business activity, whether or not such business activity is pursued for gain, profit or other pecuniary advantage, unless the Company consents to Executive\u2019s involvement in such business activity in writing. In addition, this restriction shall not be construed as preventing Executive from investing his assets in a form or manner that will not require Executive\u2019s services in the operation of any of the companies in which such investments are made. Executive may also serve on boards of directors and other positions with non-profit and for-profit organizations as to which the Board may from time to time consent, which consent shall not be unreasonably withheld, delayed or conditioned, so long as such service does not materially interfere with Executive\u2019s obligations hereunder or violate Sections 9 and 10 hereof. 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Executive shall perform faithfully and diligently all duties assigned to Executive. 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It may be occupied or vacant and may be created, changed, or deleted in order to meet operational requirements.", "hash": "e4782224a6126a22f7f12b264ff62982", "id": 8}, {"size": 85, "samples": [{"hash": "lEEeOJVBBgK", "uri": "/contracts/lEEeOJVBBgK#position", "label": "Change in Control Agreement (Valley National Bancorp)", "score": 21.0, "published": true}, {"hash": "ktmFy37jk3K", "uri": "/contracts/ktmFy37jk3K#position", "label": "Change in Control Agreement (Valley National Bancorp)", "score": 21.0, "published": true}, {"hash": "kV5KgFAjif9", "uri": "/contracts/kV5KgFAjif9#position", "label": "Change in Control Agreement (Valley National Bancorp)", "score": 21.0, "published": true}], "snippet_links": [{"key": "during-the-contract-period", "type": "clause", "offset": [0, 26]}, {"key": "the-executive", "type": "clause", "offset": [27, 40]}, {"key": "by-the-bank", "type": "clause", "offset": [59, 70]}, {"key": "senior-officer", "type": "clause", "offset": [76, 90]}, {"key": "profit-center", "type": "definition", "offset": [130, 143]}, {"key": "the-principal", "type": "definition", "offset": [161, 174]}, {"key": "successor-to-the", "type": "clause", "offset": [175, 191]}, {"key": "assets-and-properties", "type": "definition", "offset": [202, 223]}, {"key": "duties-and-responsibilities", "type": "definition", "offset": [287, 314]}, {"key": "change-in-control", "type": "definition", "offset": [329, 346]}, {"key": "attention-to", "type": "definition", "offset": [393, 405]}, {"key": "the-business-of-the-company", "type": "clause", "offset": [406, 433]}, {"key": "engaged-in", "type": "definition", "offset": [479, 489]}, {"key": "other-business-activity", "type": "clause", "offset": [494, 517]}, {"key": "investments-of", "type": "clause", "offset": [603, 617]}, {"key": "any-service", "type": "clause", "offset": [643, 654]}, {"key": "operation-of", "type": "clause", "offset": [674, 686]}], "snippet": "During the Contract Period the Executive shall be employed by the bank as a Senior Officer, or such other corporate or divisional profit center as shall then be the principal successor to the business, assets and properties of the Company, with substantially the same title and the same duties and responsibilities as before the Change in Control. The Executive shall devote his full time and attention to the business of the Company, and shall not during the Contract Period be engaged in any other business activity. 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It typically outlines the main responsibilities, reporting structure, and sometimes the department or team to which the employee is assigned. For example, it may state that the employee is hired as a \"Marketing Manager\" reporting to the Director of Marketing. This clause ensures clarity regarding the employee's role and expectations, helping to prevent misunderstandings about duties and organizational hierarchy."}, "json": true, "cursor": ""}}