Common use of Duties and Responsibilities of Employee Clause in Contracts

Duties and Responsibilities of Employee. (a) During the Employment Period and the Additional Employment Period, Employee shall devote all necessary business time, ability and attention to the businesses of the Company, Holdings and their respective direct and indirect subsidiaries (collectively, the Company, Holdings and their respective direct and indirect subsidiaries are referred to as the “Company Group”), as may be requested by the Company or Holdings from time to time. Employee’s duties and responsibilities shall include those normally incidental to the position(s) identified in Section 1, as well as such additional duties as may be assigned to Employee by the Company Group from time to time and consistent with his role a Chief Executive Officer of the Company and Holdings. Employee may, without violating this Section 2(a), (i) own as a passive investment, publicly traded securities in such form or manner as will not require any services by Employee in the operation of the entities in which such securities are owned; (ii) engage in charitable and civic activities; (iii) may serve on any boards of directors or boards of advisors identified to the Company and listed in Exhibit A, or approved in advance by the Board (which consent will not be unreasonably withheld, conditioned or delayed) or (iv) with the prior written consent of the Board, engage in other personal and passive investment activities, in each case, so long as such ownership, interests or activities do not interfere with Employee’s ability to fulfill Employee’s duties and responsibilities under this Agreement and are not inconsistent with Employee’s obligations to any member of the Company Group or competitive with the business of any member of the Company Group.

Appears in 1 contract

Samples: Interim Executive Agreement (RE/MAX Holdings, Inc.)

AutoNDA by SimpleDocs

Duties and Responsibilities of Employee. (a) During the Employment Period and the Additional Employment Period, Employee shall devote all necessary business time, ability and attention to the businesses of the Company, Holdings and their respective direct and indirect subsidiaries (collectively, the Company, Holdings and their respective direct and indirect subsidiaries are referred to as the “Company Group”), as may be requested by the Company or Holdings from time to time. Employee’s duties and responsibilities shall include those normally incidental to the position(s) identified in Section 1, as well as such additional duties as may be assigned to Employee by the Company Group from time to time and consistent with his role a Chief Executive Officer of the Company and Holdings. Employee may, without violating this Section 2(a), (i) own as a passive investment, publicly traded securities in such form or manner as will not require any services by Employee in the operation of the entities in which such securities are owned; (ii) engage in charitable and civic activities; (iii) may serve on any boards of directors or boards of advisors identified to the Company and listed in Exhibit AB, or approved in advance by the Board (which consent will not be unreasonably withheld, conditioned or delayed) or (iv) with the prior written consent of the Board, engage in other personal and passive investment activities, in each case, so long as such ownership, interests or activities do not interfere with Employee’s ability to fulfill Employee’s duties and responsibilities under this Agreement and are not inconsistent with Employee’s obligations to any member of the Company Group or competitive with the business of any member of the Company Group.

Appears in 1 contract

Samples: Interim Executive Agreement (RE/MAX Holdings, Inc.)

Duties and Responsibilities of Employee. (a) During the Employment Period and the Additional Employment Period, Employee shall devote all necessary Employee’s full business time, ability attention and attention best efforts to the businesses business of the Company, Holdings Parent [(as defined below)] and their respective its direct and indirect subsidiaries including the Company (collectively, the Company, Holdings and their respective direct and indirect subsidiaries are referred to as the “Company Group”), ) as may be requested by the Company or Holdings [Company] [Board] from time to time. Employee’s duties and responsibilities shall include those normally incidental to the position(s) identified in Section 1, as well as such additional duties as may be assigned to Employee by the Company Group [Company] [Board] from time to time and consistent with his role a Chief Executive Officer time, which duties may include providing services to other members of the Company and HoldingsGroup in addition to the Company. Employee may, without violating this Section 2(a)Agreement, (i) own as a passive investment, own publicly traded securities in such form or manner as will not require any services by Employee in the operation of the entities in which such securities are owned; (ii) engage in charitable and civic activities; or (iii) may serve on any boards of directors or boards of advisors identified to the Company and listed in Exhibit A, or approved in advance by the Board (which consent will not be unreasonably withheld, conditioned or delayed) or (iv) with the prior written consent of the [board of directors (the “Board”) of KLR Energy Acquisition Corp., a Delaware corporation that is expected to be converted into Rosehill Resources Inc. in connection with the closing of the transaction contemplated by the Business Combination Agreement (as defined below) and parent of the Company (the “Parent”)] [Board], engage in other personal and passive investment activities, in each case, so long as such ownership, interests or activities do not interfere with Employee’s ability to fulfill Employee’s duties and responsibilities under this Agreement and are not inconsistent with Employee’s obligations to any member of the Company Group or competitive with the business of any member of the Company Group.

Appears in 1 contract

Samples: Employment Agreement (Rosehill Resources Inc.)

Duties and Responsibilities of Employee. (a) During Employee shall, during the Employment Period and the Additional Employment Period, Employee shall devote all necessary Employee’s best efforts and full business time, ability time and attention to the businesses of the Company, Holdings Company and their respective its direct and indirect subsidiaries as may exist from time to time (collectively, the Company, Holdings Company and their respective its current and future wholly owned direct and indirect subsidiaries are referred to as the “Company Group”), ) as may be requested by the Company or Holdings CEO from time to time. Employee’s duties and responsibilities shall include those normally incidental to the position(s) identified in Section 1, as well as such additional duties as may be assigned to Employee by the Company Group CEO from time to time time, which duties and consistent with his role a Chief Executive Officer responsibilities may include providing services to other members of the Company and HoldingsGroup in addition to the Company. Employee may, without violating this Section 2(a), (i) own as a passive investment, publicly own publicly-traded securities and investments in privately held entities in such form or manner as will not require any services by Employee in the day-to-day operation of the entities in which such securities or investments are owned; (ii) serve 1) as a member of the board of directors of Energetic Materials & Products, Inc. and 2) as an advisor to XPoint Energy Inc., (iii) engage in charitable and civic activities; (iii) may serve on any boards of directors or boards of advisors identified to the Company and listed in Exhibit A, or approved in advance by the Board (which consent will not be unreasonably withheld, conditioned or delayed) or (iv) with the prior written consent of the Board, engage in other personal outside activities provided (x) such activities (including but not limited to membership on boards of directors of not-for-profit and passive investment activities, in each case, for-profit organizations) so long as such ownership, ownership interests or activities do not interfere with Employee’s ability to fulfill Employee’s duties and responsibilities under this Agreement and are not inconsistent with Employee’s obligations to any member of the Company Group or competitive with the business of any member of the Company Group; and (y) Employee gives written notice to the Board of any significant outside business activity in which Employee plans to become involved, whether or not such activity is pursued for profit.

Appears in 1 contract

Samples: Employment Agreement (Hyliion Holdings Corp.)

Duties and Responsibilities of Employee. (a) During the Employment Period and the Additional Employment Period, Employee shall devote all necessary Employee’s full business time, ability attention and attention best efforts to the businesses of the Company, Holdings Company and their respective its direct and indirect subsidiaries (collectively, the Company, Holdings and their respective direct and indirect subsidiaries are referred to as the “Company Group”), ) as may be requested by the Chief Executive Officer of the Company or Holdings from time to time. Employee’s duties and responsibilities shall include those normally incidental to the position(s) identified in Section 1, as well as such additional duties as may be assigned to Employee by the Company Group from time to time and consistent with his role a Chief Executive Officer of the Company and Holdingsfrom time to time, which duties may include providing services to other members of the Company Group in addition to the Company. Employee may, without violating this Section 2(a)Agreement, (i) own as a passive investment, own publicly traded securities in such form or manner as will shall not require any services by Employee in the operation of the entities in which such securities are owned; (ii) engage in charitable and civic activities, including participation in professional groups and associations and teaching as an adjunct professor; (iii) may serve on any other company boards with the prior approval of directors or boards of advisors identified to the Company and listed in Exhibit A, or approved in advance by the Board (which consent will not be unreasonably withheld, conditioned or delayed) Board; or (iv) with the prior written consent of the Board, engage in other personal and passive investment activities, in each case, so long as such ownership, interests or activities do not interfere with Employee’s ability to fulfill Employee’s duties and responsibilities under this Agreement and are not inconsistent with Employee’s obligations to any member of the Company Group or competitive with the business of any member of the Company Group. Entry into this Agreement constitutes Board approval of (i) Employee’s role on the Advisory Board of the College of Business at Texas A&M University — Commerce, and (ii) Employee’s investment in the private entities (A) One Source Virtual, Inc. and (B) Cane Rosso related entities.

Appears in 1 contract

Samples: Employment Agreement (Daseke, Inc.)

Duties and Responsibilities of Employee. (a) a. During the Employment Period and the Additional Employment Period, Employee shall devote all necessary Employee’s best efforts and full business time, ability time and attention to the businesses of the Company, Holdings Company and their respective its direct and indirect subsidiaries as may exist from time to time, including the Company (collectively, the Company, Holdings Company and their respective its direct and indirect subsidiaries are referred to as the “Company Group”), ) as may be requested by the Company or Holdings from time to time. Employee’s duties and responsibilities shall include those normally incidental to the position(s) identified in Section 1, as well as such additional duties as may be assigned to Employee by the Company Group from time to time time, which duties and consistent with his role a Chief Executive Officer responsibilities may include providing services to other members of the Company and HoldingsGroup in addition to the Company. Employee may, without violating this Section 2(a), (i) own as a passive investment, either make or manage personal investments or own publicly traded securities in such form or manner as will not require any services by Employee in the operation of the entities in which such securities are owned; (ii) engage in charitable and civic activities; (iii) may serve as the Chief Executive Officer of Xxxxx Energy Transition Acquisition Corp.; (iv) serve on any boards the board of directors of other private or boards public companies, including but not limited to Employee’s role as Chairman of advisors identified to the board of directors of the Company and listed in Exhibit A, or approved in advance by (the Board (which consent will not be unreasonably withheld, conditioned or delayed) “Board”); or (ivv) with the prior written consent of the Board, engage in other personal and passive investment activities, in each case, so long as such ownership, interests or activities do not interfere with Employee’s ability to fulfill Employee’s duties and responsibilities under this Agreement and are not inconsistent with Employee’s obligations to any member of the Company Group or competitive with the business of any member of the Company Group.

Appears in 1 contract

Samples: Employment Agreement (Stronghold Digital Mining, Inc.)

AutoNDA by SimpleDocs

Duties and Responsibilities of Employee. (a) During the Employment Period and the Additional Employment Period, Employee shall devote all necessary Employee’s best efforts and full business time, ability time and attention (except for permitted paid time off in accordance with Section 6(b) and periods of illness in accordance with the applicable Company policies) to the businesses of the Company, Holdings Company and their respective its direct and indirect subsidiaries as may exist from time to time (collectively, the Company, Holdings and their respective direct and indirect subsidiaries are referred to as the “Company Group”), ) as may be requested by the Company or Holdings from time to time. Employee’s duties and responsibilities shall include those normally incidental to the position(s) identified in Section 1, as well as such additional duties as may be assigned to Employee by the Company Group from time to time time, which duties and consistent with his role a Chief Executive Officer responsibilities may include providing services to other members of the Company and HoldingsGroup in addition to the Company. Employee may, without violating it being considered a violation of this Section 2(a), ): (i) own as a passive investment, own publicly traded securities in such form or manner as will not require any services by Employee in the operation of the entities in which such securities are owned; (ii) engage in charitable charitable, professional, trade association, community, religious, and civic activities; (iii) may serve on any boards of directors or boards of advisors identified attend to the Company Employee’s personal matters and listed in Exhibit A, or approved in advance by the Board (which consent will not be unreasonably withheld, conditioned or delayed) finances; or (iv) with the prior written consent of the Board, engage in other personal and passive investment activitiesactivities or serve on a board, in each case, so long as such ownership, interests or activities do not interfere with Employee’s ability to fulfill Employee’s duties and responsibilities under this Agreement and are not inconsistent with Employee’s obligations to any member of the Company Group or competitive with the business of any member of the Company Group. Employee’s principal place of employment shall be the Company’s Houston, Texas office, subject to reasonable business travel from time to time.

Appears in 1 contract

Samples: Employment Agreement (Flotek Industries Inc/Cn/)

Duties and Responsibilities of Employee. (a) During the Employment Period and the Additional Employment Period, Employee shall devote substantially all necessary of Employee’s business time, ability time and Employee’s full attention and best efforts to the businesses of the Company, Holdings Company and their respective its direct and indirect subsidiaries (collectively, the Company, Holdings Company and their respective its direct and indirect subsidiaries are referred to as the “Company Group”), ) as may be requested by the Company or Holdings Board from time to time. Employee acknowledges that Employee has been appointed to the Board and, for so long as Employee serves on the Board and remains employed hereunder, Employee shall not receive any additional compensation for such Board service. Employee’s duties and responsibilities shall include those normally incidental to the position(s) identified in Section 1, as well as such additional duties as may be assigned to Employee by the Company Group Board from time to time and consistent with his role a Chief Executive Officer time, which duties may include providing services to other members of the Company and HoldingsGroup in addition to the Company. Employee may, without violating this Section 2(a), (i) own as a passive investment, own publicly traded securities in such form or manner as will not require the performance of any services by Employee in the operation of the entities in which such securities are owned; (ii) engage in charitable and civic activities; (iii) may serve on any boards of directors or boards of advisors identified to the Company and listed in Exhibit A, or approved in advance by the Board (which consent will not be unreasonably withheld, conditioned or delayed) or (iv) with the prior written consent of the Board, which shall not be unreasonably withheld, serve on external boards (with the exception that Employee may continue to serve on the board of directors on which he serves immediately prior to the Effective Date as set forth on Exhibit A); or (iv) engage in other personal and passive investment activities, in each case, so long as such ownership, interests or activities in the foregoing clauses (i) through (iv) do not interfere interfere, individually or in the aggregate, with Employee’s ability to fulfill Employee’s duties and responsibilities under this Agreement and are not inconsistent with Employee’s obligations to any member of the Company Group or competitive with the business of any member of the Company Groupinvolve a Competing Business.

Appears in 1 contract

Samples: Employment Agreement (Riviera Resources, LLC)

Duties and Responsibilities of Employee. (a) During the Employment Period and the Additional Employment Period, Employee shall report to the Chief Executive Officer of the Company and shall devote all necessary Employee’s best efforts and full business time, ability time and attention to the businesses of the Company, Holdings Company and their respective its direct and indirect subsidiaries as may exist from time to time (collectively, the Company, Holdings and their respective direct and indirect subsidiaries are referred to as the “Company Group”), ) as may be requested by the Company or Holdings from time to time. Employee’s duties and responsibilities shall include those normally incidental to the position(s) identified in Section 1, as well as such additional duties as may be assigned to Employee by the Company Group from time to time time, which duties and consistent with his role a Chief Executive Officer responsibilities may include providing services to other members of the Company and HoldingsGroup in addition to the Company. Employee may, without violating this Section 2(a), (i) own as a passive investment, own publicly traded securities in such form or manner as will not require any services by Employee in the operation of the entities in which such securities are owned; (ii) engage in charitable and civic activities; or (iii) may serve on any boards of directors or boards of advisors identified to the Company and listed in Exhibit A, or approved in advance by the Board (which consent will not be unreasonably withheld, conditioned or delayed) or (iv) with the prior written consent of the board of directors of the Company (the “Board”), engage in other personal and passive investment activities, in each case, so long as such ownership, interests or activities do not interfere with Employee’s ability to fulfill Employee’s duties and responsibilities under this Agreement and are not inconsistent with Employee’s obligations to any member of the Company Group or competitive with the business of any member of the Company Group.

Appears in 1 contract

Samples: Employment Agreement (Flotek Industries Inc/Cn/)

Time is Money Join Law Insider Premium to draft better contracts faster.