Common use of Title and Capacity Clause in Contracts

Title and Capacity. The Executive shall serve as Senior Vice President and General Counsel or in such other or further capacities as the Bank or its Board of Directors (the “Board”) may determine from time to time. The Executive shall be based at the Bank’s headquarters in Irving, Texas or such place or places in the continental United States as the Board shall determine. The Executive shall be subject to the supervision of, and shall have such authority as is delegated to the Executive by, the Board or such officer of the Bank as may be designated by the Board. The Executive hereby accepts such employment and agrees to undertake the duties and responsibilities inherent in such position and such other duties and responsibilities as the Board or its designee shall from time to time reasonably assign to the Executive. The Executive agrees to devote the Executive’s entire business time and attention to the business and interests of the Bank during the Employment Period; provided, that the foregoing will not preclude the Executive from devoting reasonable time (as the Bank may determine in its discretion) to the supervision of personal investments, other personal business, civic and charitable affairs, so long as such activities do not (in the Bank's judgment) interfere with the performance of the Executive’s duties hereunder. The Executive agrees to abide by the rules, regulations, instructions, personnel practices and policies of the Bank and any changes therein that may be adopted from time to time by the Bank. The Executive may not use the Executive’s position, influence, knowledge of confidential information of the Bank, the Bank's members or the Bank’s assets for personal gain. A direct or indirect financial interest, including a joint venture in or with a competitor, supplier, vendor, customer or prospective customer without disclosure and written approval from the Board of Directors is strictly prohibited and could be grounds for dismissal for Cause. The Executive shall at all times comply with the Bank’s Code of Conduct and Ethics and Code of Ethics for Senior Financial Officers, and any other applicable Bank policy.

Title and Capacity. The Executive shall serve as Senior Vice President and General Counsel [TITLE] or in such other or further capacities as the Bank or its Board of Directors (the “Board”) may determine from time to time. The Executive shall be based at the Bank’s headquarters in Irving, Texas or such place or places in the continental United States as the Board shall determine. The Executive shall be subject to the supervision of, and shall have such authority as is delegated to the Executive by, the Board or such officer of the Bank as may be designated by the Board. The Executive hereby accepts such employment and agrees to undertake the duties and responsibilities inherent in such position and such other duties and responsibilities as the Board or its designee shall from time to time reasonably assign to the Executive. The Executive agrees to devote the Executive’s entire business time and attention to the business and interests of the Bank during the Employment Period; provided, that the foregoing will not preclude the Executive from devoting reasonable time (as the Bank may determine in its discretion) to the supervision of personal investments, other personal business, civic and charitable affairs, so long as such activities do not (in the Bank's judgment) interfere with the performance of the Executive’s duties hereunder. The Executive agrees to abide by the rules, regulations, instructions, personnel practices and policies of the Bank and any changes therein that may be adopted from time to time by the Bank. The Executive may not use the Executive’s position, influence, knowledge of confidential information of the Bank, the Bank's members or the Bank’s assets for personal gain. A direct or indirect financial interest, including a joint venture in or with a competitor, supplier, vendor, customer or prospective customer without disclosure and written approval from the Board of Directors is strictly prohibited and could be grounds for dismissal for Cause. The Executive shall at all times comply with the Bank’s Code of Conduct and Ethics and Code of Ethics for Senior Financial Officers, and any other applicable Bank policy.

Title and Capacity. The Executive shall serve as Senior Vice President and General Counsel & CEO or in such other or further capacities as the Bank or its Board of Directors (the “Board”) may determine from time to time. The Executive shall be based at the Bank’s headquarters in Irving, Texas or such place or places in the continental United States as the Board shall determine. The Executive shall be subject to the supervision of, and shall have such authority as is delegated to the Executive by, the Board or such officer of the Bank as may be designated by the Board. The Executive hereby accepts such employment and agrees to undertake the duties and responsibilities inherent in such position and such other duties and responsibilities as the Board or its designee shall from time to time reasonably assign to the Executive. The Executive agrees to devote the Executive’s entire business time and attention to the business and interests of the Bank during the Employment Period; provided, that the foregoing will not preclude the Executive from devoting reasonable time (as the Bank may determine in its discretion) to the supervision of personal investments, other personal business, civic and charitable affairs, so long as such activities do not (in the Bank's judgment) interfere with the performance of the Executive’s duties hereunder. The Executive agrees to abide by the rules, regulations, instructions, personnel practices and policies of the Bank and any changes therein that may be adopted from time to time by the Bank. The Executive may not use the Executive’s position, influence, knowledge of confidential information of the Bank, the Bank's members or the Bank’s assets for personal gain. A direct or indirect financial interest, including a joint venture in or with a competitor, supplier, vendor, customer or prospective customer without disclosure and written approval from the Board of Directors is strictly prohibited and could be grounds for dismissal for Cause. The Executive shall at all times comply with the Bank’s Code of Conduct and Ethics and Code of Ethics for Senior Financial Officers, and any other applicable Bank policy.