Common use of Positions, Duties and Responsibilities Clause in Contracts

Positions, Duties and Responsibilities. (a) During the Term of Employment, the Executive shall be employed as the Chief Financial Officer and Executive Vice President of each of Holdings and Financial, and shall perform such normal duties, responsibilities, functions and authority and exercise such powers as are incident to such offices. The Executive, in carrying out his executive duties under this Agreement, shall report to the Chief Executive Officer of such companies 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. The Executive shall perform his duties and responsibilities to the Company hereunder to the best of his abilities in a diligent, trustworthy, professional and efficient manner and shall comply with the Company’s policies and procedures in all material respects.

Appears in 2 contracts

Samples: Amended and Restated Employment Agreement (ACA Capital Holdings Inc), Employment Agreement (ACA Capital Holdings Inc)

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Positions, Duties and Responsibilities. (a) During the Term of Employment, the Executive shall be employed as the Chief Financial Officer and Executive Vice President of each of Holdings Holdings, Service, and Financial, and shall perform such normal duties, responsibilities, functions and authority and exercise such powers as are incident to such offices. The Executive, in carrying out his executive duties under this Agreement, shall report to the Chief Executive Officer of such companies 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. The Executive shall perform his duties and responsibilities to the Company hereunder to the best of his abilities in a diligent, trustworthy, professional and efficient manner and shall comply with the Company’s policies and procedures in all material respects.

Appears in 1 contract

Samples: Employment Agreement (ACA Capital Holdings Inc)

Positions, Duties and Responsibilities. (a) During the Term of Employment, the Executive shall be employed as the Chief Financial Officer and Executive Vice President a Managing Director of each of Holdings Holdings, Service, and Financial, and shall perform such normal duties, responsibilities, functions and authority and exercise such powers as are incident to such offices. The Executive, in carrying out his executive duties under this Agreement, shall report to the Chief Executive Officer Vice President - Head of Structured Finance of such companies 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. The Executive shall perform his duties and responsibilities to the Company hereunder to the best of his abilities in a diligent, trustworthy, professional and efficient manner and shall comply with the Company’s policies and procedures in all material respects.

Appears in 1 contract

Samples: Employment Agreement (ACA Capital Holdings Inc)

Positions, Duties and Responsibilities. (a) During the Term of Employment, the Executive shall be employed as the Chief Financial Officer and Executive Vice President of each of Holdings Holdings, Service, and Financial, and shall perform such normal duties, responsibilities, functions and authority and exercise such powers as are incident to such offices. The Executive, in carrying out his executive duties under this Agreement, shall report to the Chief Executive Officer of such companies 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. The Executive shall perform his duties and responsibilities to the Company hereunder to the best of his abilities in a diligent, trustworthy, professional and efficient manner and shall comply with the Company’s policies and procedures in all material respects.

Appears in 1 contract

Samples: Amended and Restated Employment Agreement (ACA Capital Holdings Inc)

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Positions, Duties and Responsibilities. (a) During the Term of Employment, the Executive shall be employed as the Chief Financial Officer and Executive Vice President — Institutional Risk Management of each of Holdings Holdings, Service, and Financial, and shall perform such normal duties, responsibilities, functions and authority and exercise such powers as are incident to such offices. The Executive, in carrying out his executive duties under this Agreement, shall report to the Chief Executive Officer of such companies 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. The Executive shall perform his duties and responsibilities to the Company hereunder to the best of his abilities in a diligent, trustworthy, professional and efficient manner and shall comply with the Company’s policies and procedures in all material respects.

Appears in 1 contract

Samples: Employment Agreement (ACA Capital Holdings Inc)

Positions, Duties and Responsibilities. (a) During the Term of Employment, the Executive shall be employed as the Chief Financial Officer and Executive Vice President a Managing Director of each of Holdings Holdings, Service, and Financial, and shall perform such normal duties, responsibilities, functions and authority and exercise such powers as are incident to such offices. The Executive, in carrying out his her executive duties under this Agreement, shall report to the Chief Executive Officer Vice President - Head of Structured Finance of such companies and shall devote his her best efforts and his her 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. The Executive shall perform his her duties and responsibilities to the Company hereunder to the best of his her abilities in a diligent, trustworthy, professional and efficient manner and shall comply with the Company’s policies and procedures in all material respects.

Appears in 1 contract

Samples: Employment Agreement (ACA Capital Holdings Inc)

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