Common use of Services Provided to the Company Clause in Contracts

Services Provided to the Company. Subject to the policy guidelines and directives of the Company which are provided to her by Company from time to time during the term of this Agreement, Employee shall serve as President of and be responsible for the operation of Xxxxxxx Xxxxxx Investment Sales Group, and to advance the business and welfare of Xxxxxxx Xxxxxx as determined by the Company from time to time, and have such powers and duties as may from time to time be prescribed by the Chairman and Chief Executive Officer of the Company, which duties may, in the Company’s reasonable discretion, be changed in any legal manner from time to time. Employee shall have no authority to bind or obligate Company to the purchase or sale of any real property, or to any other financial commitment, including without limitation the borrowing of any monies on a secured or unsecured basis, without obtaining the prior authorization of Company as to the specific transaction. Employee’s duties also shall include such other matters or responsibilities as Company and Employee may jointly agree upon from time to time during the term of this Agreement. Employee’s employment is on a full-time and “best efforts” basis meaning that during the term of this Agreement, Employee shall not accept any full or part-time employment, including without limitation as an Independent Consultant, after working hours or otherwise, without the prior written consent of Company, which may be given, withheld or conditioned in Company’s sole and absolute discretion. Employee shall devote her full energies, interests, abilities, and productive time to the performance of her duties and responsibilities under this Agreement. During the term of this Agreement, Employee shall not, directly or indirectly, whether as a partner, employee, creditor, shareholder or otherwise, promote, participate or engage in any activity or other business competitive with Company’s businesses. Notwithstanding the foregoing, Company acknowledges that Employee has made and will continue to make personal investments that will require Employee’s periodic attention. Employee may participate in such personal investments to the full extent desired by Employee so long as such personal investment activity does not detract from Employee’s ability to devote her full energies and productive interests to the performance of her duties and responsibilities under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Prospect Acquisition Corp)

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Services Provided to the Company. Subject to the policy guidelines and directives of the Company which are provided to her him by Company from time to time during the term of this Agreement, Employee shall serve be employed as President and Chief Executive Officer with responsibilities for day to day management of all Company operations, meeting revenue and be responsible for expense objectives and all related business goals as approved by the operation Company’s Board of Xxxxxxx Xxxxxx Investment Sales GroupDirectors, and to advance the business and welfare of Xxxxxxx Xxxxxx KW Multi-Family Management Group, Ltd. as determined by the Company from time to time, and have such powers and duties . Within the guidelines as may from time to time be prescribed set forth by the Chairman and Chief Executive Officer of the CompanyInvestment Committee, which duties may, in the Company’s reasonable discretion, be changed in any legal manner from time to time. Employee shall have no the authority to bind or obligate Company to the purchase or sale of any real property, or to make any other financial commitment, including without limitation the borrowing of any monies on a secured or unsecured basis, without obtaining the prior authorization of Company as to the specific transaction. Employee’s duties also shall include such other matters or responsibilities as Company and Employee may jointly agree upon from time to time during the term of this Agreement. Employee’s employment is on a full-time and “best efforts” basis meaning that during the term of this Agreement, Employee shall not accept any full or part-time employment, including without limitation as an Independent Consultant, after working hours or otherwise, without the prior written consent of Company, which may be given, withheld or conditioned in Company’s sole and absolute discretion. Employee shall devote her his full energies, interests, abilities, and productive time to the performance of her his duties and responsibilities under this Agreement. During the term of this Agreement, Employee shall not, directly or indirectly, whether as a partner, employee, creditor, shareholder or otherwise, promote, participate or engage in any activity or other business competitive with Company’s businesses. Notwithstanding the foregoing, Company acknowledges that Employee has made and will continue to make personal investments that will require Employee’s periodic attention. Employee may participate in such personal investments to the full extent desired by Employee so long as such personal investment activity does not detract from Employee’s ability to devote her his full energies and productive interests to the performance of her his duties and responsibilities under this Agreement. Company shall be responsible for payment of all dues and fees required in connection with the maintenance of any professional licenses that may be required of Employee in the performance or satisfaction of Employee’s duties hereunder. Company shall indemnify, defend, protect and hold Employee harmless from the negligent acts and omissions of Employee so long as Employee acted in good faith an in the course of his employment.

Appears in 1 contract

Samples: Employment Agreement (Prospect Acquisition Corp)

Services Provided to the Company. Subject to the policy guidelines and directives of the Company which are provided to her by Company from time to time during the term of this Agreement, Employee shall serve as President of and be responsible for the operation of Xxxxxxx Xxxxxx Investment Sales Kennedy-Wilson West Coast Commercial Group, be responsible for the Nxxxx Xxxxxxxx, and to advance the business and welfare of Xxxxxxx Xxxxxx Kennedy-Wilson as determined by the Company from time to time, and have such powers hxxx xxxx xxxxxs and duties as may from time to time be prescribed by the Chairman and Chief Executive Officer of the Company, which duties may, in the Company’s 's reasonable discretion, be changed in any legal manner from time to time. Additionally, employee is presently serving, and shall continue to serve for the remainder of the term hereof at the request of and in the discretion of the Company, as a Director of the Company. Employee shall have no authority to bind or obligate Company to the purchase or sale of any real property, or to any other financial commitment, including without limitation the borrowing of any monies on a secured or unsecured basis, without obtaining the prior written authorization of Company as to the specific transaction. Employee’s 's duties also shall include such other matters or responsibilities as Company and Employee may jointly agree upon from time to time during the term of this Agreement. Employee’s 's employment is on a full-time and "best efforts" basis meaning that during the term of this Agreement, Employee shall not accept any full or part-time employment, including without limitation as an Independent Consultant, after working hours or otherwise, without the prior written consent of Company, which may be given, withheld or conditioned in Company’s 's sole and absolute discretion. Employee shall devote her full energies, interests, abilities, and productive time to the performance of her duties and responsibilities under this Agreement. During the term of this Agreement, Employee shall not, directly or indirectly, whether as a partner, employee, creditor, shareholder or otherwise, promote, participate or engage in any activity or other business competitive with Company’s 's businesses. Notwithstanding the foregoing, Company acknowledges that Employee has made and will continue to make personal investments that will require Employee’s 's periodic attention. Employee may participate in such personal investments to the full extent desired by Employee so long as such personal investment activity does not detract from Employee’s 's ability to devote her full energies and productive interests to the performance of her duties and responsibilities under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Kennedy Wilson Inc)

Services Provided to the Company. Subject to the policy guidelines and directives of the Company which are provided to her him by Company from time to time during the term of this Agreement, Employee shall serve as Executive Vice Chairman of Xxxxxxx Xxxxxx International, and President and CEO of Xxxxxxx Xxxxxx East, and be responsible for the operation of Xxxxxxx Xxxxxx Investment Sales GroupEast, and to advance the business and welfare of Xxxxxxx Xxxxxx as determined by the Company from time to time, and have such powers and duties as may from time to time be prescribed by the Chairman and Chief Executive Officer of the Company, which duties may, in the Company’s reasonable discretion, be changed in any legal manner from time to time. Employee shall have no authority to bind or obligate Company to the purchase or sale of any real property, or to any other financial commitment, including without limitation the borrowing of any monies on a secured or unsecured basis, without obtaining the prior authorization of Company Co9(any as to the specific transaction. Employee’s duties also shall include such other matters or responsibilities as Company and Employee may jointly agree upon from time to time during the term of this Agreement. Employee will serve as Member of the Executive Committee of Xxxxxxx Xxxxxx International. Employee’s employment is on a full-time and “best efforts” basis meaning that during the term of this Agreement, Employee shall not accept any full or part-time employment, including without limitation as an Independent Consultant, after working hours or otherwise, without the prior written consent of Company, which may be given, withheld or conditioned in Company’s sole and absolute discretion. Employee shall devote her his full energies, interests, abilities, and productive time to the performance of her his duties and responsibilities under this Agreement. During the term of this Agreement, Employee shall not, directly or indirectly, whether as a partner, employee, creditor, shareholder or otherwise, promote, participate or engage in any activity or other business competitive with Company’s businesses. Notwithstanding the foregoing, Company acknowledges that Employee has made and will continue to make personal investments that will require Employee’s periodic attention. Employee may participate in such personal investments to the full extent desired by Employee so long as such personal investment activity does not detract from Employee’s ability to devote her his full energies and productive interests to the performance of her his duties and responsibilities under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Prospect Acquisition Corp)

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Services Provided to the Company. Subject Employee’s duties shall be to provide marketing and corporate administration services, subject to the policy guidelines and directives of the Company directives, which are provided to her him by Company from time to time during the term of this Agreement, Employee shall serve as President of and be responsible for the operation of Xxxxxxx Xxxxxx Investment Sales Group, and to advance the business and welfare of Xxxxxxx Xxxxxx as determined by the Company from time to time, and have such powers and duties as may from time to time be prescribed by the Chairman and Chief Executive Officer of the Company, which duties may, in the Company’s reasonable discretion, be changed in any legal manner from time to time. Employee shall have no authority to bind or obligate Company to the purchase or sale of any real property, or to any other financial commitment, including without limitation the borrowing of any monies on a secured or unsecured basis, without obtaining the prior written authorization of Company as to the specific transaction. Employee’s duties also may not be materially changed by Company without Employee’s prior written consent but shall include such other matters or responsibilities as Company and Employee may jointly agree upon from time to time during the term of this Agreement. Employee’s employment is on a full-time and “best efforts” basis meaning that during the term of this Agreement, Employee shall not accept any full or part-time employment, including without limitation as an Independent Consultant, after working hours or otherwise, without the prior written consent of Company, which may be given, withheld or conditioned in Company’s sole and absolute discretion. Employee shall devote her his full energies, interests, abilities, and productive time to the performance of her his duties and responsibilities under this Agreementagreement. During the term of this Agreement, Employee shall not, directly or indirectly, whether as a partner, employee, creditor, shareholder or otherwise, promote, participate or engage in any activity or other business competitive with Company’s businesses. Notwithstanding the foregoing, Company acknowledges that Employee has made and will continue to make personal investments investments, including but not limited to real estate investments, that will require Employee’s periodic attention. Employee may participate in such personal investments to the full extent desired by Employee so long as such personal investment activity does not detract from Employee’s ability to devote her his full energies and productive interests to the performance of her his duties and responsibilities under this Agreement. Company shall be responsible for payment of all dues and fees required in connection with the maintenance of any professional licenses that may be required of Employee in the performance or satisfaction of Employee’s duties hereunder.

Appears in 1 contract

Samples: Employment Agreement (Prospect Acquisition Corp)

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