Conbulk definition
Examples of Conbulk in a sentence
Receipt of the foregoing shall be contingent upon the Executive’s execution and non-revocation of a release of claims in favor of the Company and the Conbulk Group Affiliates in a form that is reasonably satisfactory to the Company and its counsel.
The granting by the Company and/or the Conbulk Group Affiliates to the Executive of any title and/or right and/or authority to represent the Company and/or the Conbulk Group Affiliates is made only and exclusively for serving the business needs of the Company and/or the Conbulk Group Affiliates.
The Consultant shall at all times act in the best interests of, and owe its duties to, the Company and the Conbulk Group Affiliates.
The Company shall indemnify the Executive, to the fullest extent permitted by applicable law, against all costs, charges and expenses incurred or sustained by the Executive, including the cost and expenses of legal counsel, in connection with any action, suit or proceeding to which the Executive may be made a party by reason of the Executive being or having been an officer, director, or employee of the Company or of a Conbulk Group Affiliate.
The Executive shall report to the Board of Directors of the Company (the “Board”) about the affairs of the Company and the Conbulk Group Affiliates with which he deals, in such manner and at such times as may from time to time be requested by the Board.
To the extent that it does not interfere with the Consultant’s duties hereunder, the Consultant may (A) engage in charitable, educational or community affairs; (B) manage passive investments; and (C) engage in any other activities that do not compete with the interests of the Company or the Conbulk Group Affiliates.
For each calendar year during the Term or part thereof, the Consultant shall be eligible to receive a discretionary cash bonus upon successful development of any new business or increase in the Company’s and/or Conbulk Group Affiliates’ business as determined by the Board or a committee thereof.
Each of the Transaction Documents shall have been executed and delivered by Palmosa, Tsakos, Conbulk, Conbulk Manco, TDB and their respective Affiliates.
During the Term of the Agreement, the Executive shall be expected to devote the necessary time and attention to the business and affairs of the Company and use his reasonable best efforts to faithfully perform his duties and responsibilities to the Company and the Conbulk Group Affiliates.
If the Executive resigns from employment with the Company, the Executive shall also promptly relinquish his position as a director or officer of the Company and/or of any Conbulk Group Affiliate.