Common use of Employment and Duties Clause in Contracts

Employment and Duties. Subject to the terms and conditions of this Agreement, the Company agrees to employ the Employee, and the Employee hereby agrees to serve the Company, as Senior Vice President – Branch Operations. The Employee shall report directly to the Company’s President and Chief Executive Officer and shall render to the Company such management and policy-making services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his best efforts and substantially all of his business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties or pursuits during the Term (as hereinafter defined) of this Agreement; provided, however, that the Employee may be involved in a passive capacity in a non-competitive business subject to the prior written approval of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him from time to time by the Chairman of the Board or the President and Chief Executive Officer of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its employees generally.

Appears in 3 contracts

Samples: Employment Agreement (Nicholas Financial Inc), Employment Agreement (Nicholas Financial Inc), Employment Agreement (Nicholas Financial Inc)

AutoNDA by SimpleDocs

Employment and Duties. Subject to the terms and conditions of this Agreement, the Company agrees to employ the Employee, and the Employee hereby agrees to serve the Company, as Senior Vice President – Branch Operationsand Chief Executive Officer. The Employee shall report directly to the Company’s President and Chief Executive Officer Board of Directors and shall render to the Company such management and policy-making services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his best efforts and substantially all of his business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties or pursuits during the Term (as hereinafter defined) of this Agreement; provided, however, that the Employee may be involved in a passive capacity in a non-competitive business subject to the prior written approval of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him from time to time by the Chairman Board of the Board or the President and Chief Executive Officer Directors of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its employees generally.

Appears in 2 contracts

Samples: Employment Agreement (Nicholas Financial Inc), Employment Agreement (Nicholas Financial Inc)

Employment and Duties. Subject The Company hereby employs the Executive as Chief Executive Officer on the terms and conditions provided in this Agreement and Executive agrees to accept such employment subject to the terms and conditions of this Agreement, . The Executive shall be responsible for the overall management and operations of the Company agrees to employ shall perform the Employee, duties and the Employee hereby agrees to serve the Company, as Senior Vice President – Branch Operations. The Employee shall report directly to the Company’s President and Chief Executive Officer responsibilities that are customary for an officer of a corporation in such position and shall render to the Company such management and policy-making services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with perform such other duties with which he is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his best efforts and substantially all of his business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties or pursuits during the Term (as hereinafter defined) of this Agreement; provided, however, responsibilities that the Employee may be involved in a passive capacity in a non-competitive business subject to the prior written approval of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him are reasonably determined from time to time by the Chairman Company's Board of Directors (the "Board"). The Executive shall report to and be supervised by the Board. The Executive shall be based at the Company's offices in Orem, Utah, or such other place which shall be within a fifty mile radius thereof that shall constitute the Company's headquarters and, except for business travel incident to his employment under this Agreement, the Company agrees the Executive shall not be required to relocate. The Executive agrees to devote substantially all his attention and time during normal business hours to the business and affairs of the Board Company and to use his reasonable best efforts to perform faithfully and efficiently the duties and responsibilities of his position and to accomplish the goals and objectives of the Company as may be established by the Board. Notwithstanding the foregoing, the Executive may engage in the following activities (and shall be entitled to retain all economic benefits thereof including fees paid in connection therewith) as long as they do not interfere in any material respect with the performance of the Executive's duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational and/or charitable boards or committees, provided that the President Executive shall not serve on any board or committee of any corporation or other business which competes with the Business (as defined in Section 10(a) below); (ii) deliver lectures, fulfill speaking engagements or teach on a part-time basis at educational institutions; and Chief (iii) make investments in businesses or enterprises and manage his personal investments; provided that with respect to such activities Executive Officer shall comply with any business conduct and ethics policy applicable to employees of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its employees generally.

Appears in 2 contracts

Samples: Employment Agreement (Q Comm International Inc), Employment Agreement (Q Comm International Inc)

Employment and Duties. Subject to the terms and conditions of this Agreement, the Company agrees to employ the Employee, and the Employee hereby agrees to serve the Company, as Senior Vice President – Branch Operations& CEO. The Employee Xxxxx X. Xxxxxxx shall report directly to the Company’s President and Chief Executive Officer Board of Directors and shall render to the Company such management and policy-making services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his best efforts and substantially all of his business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties or pursuits during the Term (as hereinafter defined) of this Agreement; provided, however, that the Employee may be involved in a passive capacity in a non-competitive business subject to the prior written approval of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him from time to time by the Chairman Board of the Board or the President and Chief Executive Officer Directors of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its employees generally.

Appears in 2 contracts

Samples: Employment Agreement (Nicholas Financial Inc), Employment Agreement (Nicholas Financial Inc)

Employment and Duties. Subject to the terms and conditions of this Agreement, the Company agrees to employ the Employee, and the Employee hereby agrees to serve the Company, as Senior Vice President – Branch Operationsand Chief Executive Officer. The Employee shall report directly to the Company’s President and Chief Executive Officer Board of Directors and shall render to the Company such management and policy-making services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his best efforts and substantially all of his business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties or pursuits during the Term (as hereinafter defined) of this Agreement); provided, however, that the Employee may be involved in a passive capacity in a non-competitive business subject to the prior written approval of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him from time to time by the Chairman Board of the Board or the President and Chief Executive Officer Directors of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its executive officers or its employees generally, including without limitation, the Company’s Xxxxxxx Xxxxxxx Policy, Code of Conduct, and Code of Ethics.

Appears in 2 contracts

Samples: Employment Agreement (Nicholas Financial Inc), Employment Agreement (Nicholas Financial Inc)

Employment and Duties. Subject to the terms and conditions of this Agreement, the Company agrees to employ the Employee, and the Employee hereby agrees to serve the Company, as Senior Vice President – Branch OperationsPresident-Finance, Chief Financial Officer. The Employee shall report directly to the Company’s President and Chief Executive Officer and shall render to the Company such management and policy-making services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he she is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his her best efforts and substantially all of his her business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties or pursuits during the Term (as hereinafter defined) of this Agreement; provided, however, that the Employee may be involved in a passive capacity in a non-competitive business subject to the prior written approval of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him her from time to time by the Chairman of the Board or the President and Chief Executive Officer of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he she has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its employees generally.

Appears in 2 contracts

Samples: Employment Agreement (Nicholas Financial Inc), Employment Agreement (Nicholas Financial Inc)

Employment and Duties. Subject to the terms and conditions of this Agreement, the Company agrees to employ the Employee, and the Employee hereby agrees to serve the Company, as Senior Vice President Sr. VP Branch OperationsFinance & CFO. The Employee Xxxxx Xxxxxxxxxxx shall report directly to the Company’s Xxxxx Xxxxxxx, President and Chief Executive Officer & CEO, and shall render to the Company such management and policy-making services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his best efforts and substantially all of his business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties or pursuits during the Term (as hereinafter defined) of this Agreement; provided, however, that the Employee may be involved in a passive capacity in a non-competitive business subject to the prior written approval of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him from time to time by the Chairman of the Board or the President and Chief Executive Officer of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its employees generally.

Appears in 2 contracts

Samples: Employment Agreement (Nicholas Financial Inc), Employment Agreement (Nicholas Financial Inc)

Employment and Duties. Subject to the terms and conditions of this Agreement, the The Company agrees to employ the Employee, and the Employee hereby Executive agrees to serve as the Company, as Senior Vice President – Branch Operations's Chief Marketing Officer. The Employee duties and responsibilities of Executive shall report directly to include the Company’s President duties and Chief Executive Officer and shall render to responsibilities as the Board of Directors of the Company such management and policy-making services of (the type customarily performed by persons serving in similar capacities with other employers that are similar “Board”) may from time to the Company, together with such other duties with which he is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) and subject time assign to the overall direction and control of the Company’s Board of DirectorsExecutive. The Employee accepts such employment and agrees to Executive shall devote his best efforts and substantially all of his working time and efforts during the Company's normal business time, skill, labor hours to the business and attention affairs of the Company and its subsidiaries and to the diligent and faithful performance of the duties and responsibilities duly assigned to him pursuant to this Agreement. Provided that none of the additional activities interferes with the performance of such duties. The Employee agrees not the duties and responsibilities of Executive or are determined by the inconsistent with the position, standing, stature, reputation or best interests of the Company, nothing in this Section 1, shall prohibit Executive from (a) serving as a director or member of a committee of up to engage two (2) entities that do not, in the good faith determination of the Board, compete or be concerned present the appearance of competition with the Company or otherwise create, or could create, in the good faith determination of the Board, a conflict of interest or appearance of a conflict of interest with the business of the Company; (b) delivering lectures, fulfilling speaking engagements, and any other commercial duties writing or pursuits during the Term (as hereinafter defined) publication relating to his area of this Agreementexpertise; provided, howeverthat any fees, royalties or honorariums received therefrom shall be promptly turned over to the Company; (c) serving as a director or trustee of any governmental, charitable or educational organization or (d) engaging in additional activities in connection with personal investments and community affairs; provided that such activities are not inconsistent with Executive's duties under this Agreement and do not violate the Employee may terms of Section 13. Commencing on the Effective Date, the Executive shall be involved in a passive capacity in a non-competitive business an official observer of the Board. The Executive shall be appointed to the Board, subject to the prior written approval provisions of the Company’s Board 's certificate of Directorsincorporation, as amended and the Company's bylaws, upon the Company generating at least eighty percent (80%) of the gross revenue budget approved by the Company's board of directors (the “Gross Revenue Budget”) for the fiscal year ended December 31, 2012 as disclosed in the Company's Annual Report on Form 10-K for such fiscal year. FurthermoreIf the Company does not generate at least eighty percent (80%) of the Gross Revenue Budget for the fiscal year ended December 31, 2012, the Employee Executive shall assume be nominated to the Board and competently perform such reasonable responsibilities and duties as may be assigned to him from time to time by the Chairman appointment of the Executive to the Board or the President and Chief Executive Officer of shall be subject to shareholder approval at the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its employees generally's annual shareholder meeting in 2013.

Appears in 1 contract

Samples: Executive Employment Agreement (IZEA Holdings, Inc.)

Employment and Duties. Subject to the terms and conditions of this Agreement, the Company agrees to employ the Employee, and the Employee hereby agrees to serve the Company, as Senior Vice President – Branch OperationsChief Financial Officer. The Employee’s employment hereunder shall begin on or around June 15, 2018 (the “Hiring Date”). The Employee shall report directly to the Company’s President and Chief Executive Officer and shall render to the Company such management and policy-making services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he she is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his her best efforts and substantially all of his her business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties or pursuits during the Term (as hereinafter defined) of this Agreement); provided, however, that the Employee may be involved in a passive capacity in a non-competitive business subject to the prior written approval of the Company’s Board of Directors; provided further, however, that the Employee may retain her position on the board of directors of Conn’s, Inc. and any committees thereof without any further written approval of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him her from time to time by the Chairman Board of the Board or the President and Chief Executive Officer Directors of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he she has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its executive officers or its employees generally, including without limitation, the Company’s Xxxxxxx Xxxxxxx Policy and Code of Ethics and Business Conduct.

Appears in 1 contract

Samples: Employment Agreement (Nicholas Financial Inc)

Employment and Duties. Subject to the terms and conditions of this Agreement, the Company agrees to employ the Employee, and the Employee hereby agrees to serve the Company, as Senior Vice President – Branch OperationsPresident. The Employee shall report directly to the Company’s President and Chief Executive Officer and shall render to the Company such management and policy-making services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he is charged by the Company’s Articles of Incorporation or Notice of Articles Bylaws (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his best efforts and substantially all of his business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties or pursuits during the Term (as hereinafter defined) of this Agreement); provided, however, that the Employee may be involved in a passive capacity in a non-competitive business subject to the prior written approval of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him from time to time by the Chairman of the Board or the President and Chief Executive Officer or the Board of Directors of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporationscorporation, partnershipspartnership, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its executive officers or its employees generally.

Appears in 1 contract

Samples: Employment Agreement (Paradise Inc)

Employment and Duties. Subject The Company hereby employs, either directly or through one of Company's affiliates engaged in the mortgage banking business as the successor to Equity's mortgage banking business in the terms Territory (as defined below) (the Company and conditions of such affiliate sometimes hereinafter collectively called the "EMPLOYER, it being agreed that the Company shall at all times continue to have primary liability under this Agreement"), the Company agrees to employ Employee as the EmployeeSenior Vice-President of the Equity Division of Employer and as a senior marketing vice president for the Loss Mitigation Business, and the Employee hereby agrees to serve accepts such employment upon the Company, as Senior Vice President – Branch Operationsterms and conditions contained in this Agreement. The Employee shall report directly have such rights, duties and responsibilities as are consistent with those of a Senior Vice-President of a mortgage banking company and such other executive and managerial responsibilities as may be from time to time reasonably designated by the Company’s President and Chief Executive Officer and shall render to Board of Directors of the Company such management and policy-making services (the "BOARD") or the chief executive officer of the type customarily performed by persons serving in similar capacities with other employers Company or the president of the Company (the "EXECUTIVE OFFICERS") that are similar consistent with Employee directing the day to the Company, together with such other duties with which he is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) and subject to the overall direction and control day operations of the Company’s Board of DirectorsEquity Division. The Employee accepts such employment will work from offices in Owings Mills, Maryland and the Company agrees not to relocate Employee without Employee's consent. The Employee shall perform his duties in a conscientious, reasonable and competent manner, shall devote his reasonable best efforts efforts, skill and substantially all abilities to promote the Company and the business of his the Equity Division and shall devote Employee's full business time, skill, labor time and attention to the performance of such his duties. The Employee agrees not to engage in or be concerned with any other commercial shall at all times discharge his duties or pursuits during the Term (as hereinafter defined) of this Agreement; provided, however, that the Employee may be involved in a passive capacity in a non-competitive business an officer and employee subject to the prior written approval of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him from time to time by the Chairman general control of the Board or and the President and Chief Executive Officer Officers of Employer, but the Company will not exercise unreasonable control over the day-to-day operations of the Company. To the extent that the Company Equity Division which shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its employees generallybe directed by Employee.

Appears in 1 contract

Samples: Employment Agreement (Imc Mortgage Co)

Employment and Duties. Subject In accordance with actions taken and authorized by the Board of Directors of the Company (the "Company Board"), effective upon the latest to occur of (i) the terms closing of the transactions provided for in the Stock Purchase Agreement dated August 10, 2004, as amended, between the Company and conditions NCFC Recapitalization, LLC, and (ii) receipt of all necessary Regulatory Approvals (as such term is defined in the Stock Purchase Agreement) with regard to this AgreementAgreement (the "Effective Date"), Employee shall become employed and appointed as Vice President and Controller of the Company and the Company's wholly owned subsidiary, North Country Bank and Trust (to be renamed Mackinac Bank) (the "Bank"), and shall have the duties and responsibilities commensurate with such titles and offices, including, without limitation, as well as all such duties and responsibilities as now are or hereafter may be set forth with respect to such offices in the by-laws of the Company and the Bank, the Company agrees to employ the Employee, and the Employee hereby agrees to serve the Company, as Senior Vice President – Branch Operations. The Employee shall report directly to the Company’s President and Chief Executive Officer and shall render to the Company such management and policy-making services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his best efforts and substantially all of his business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties or pursuits during the Term (as hereinafter defined) of this Agreement; provided, however, that the Employee may be involved in a passive capacity in a non-competitive business subject to the prior written approval of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him from time to time by the Chairman directives of the Board of Directors of the Company or the President and Bank, or by the Chief Executive Officer of the Company. To At the extent Effective Date, this Agreement shall supersede and replace in its entirety that certain document entitled "Summary of Employment Terms for Xxxxx X. Xxxxxxx" dated October 8, 2003 (the "Summary of Terms"), which Summary of Terms shall be of no further force and effect. During the period of his employment hereunder, Employee also shall serve as an officer of such other affiliates of or the Company and in such other capacities as he may be requested by the Company Board and shall have any parentassume such additional duties and responsibilities as from time to time may be assigned to him by the Company Board, subsidiaryall without additional compensation therefor. Throughout the period of his employment hereunder, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities devote his business time, attention, and their respective interests energy on a full-time basis exclusively to the same extent as the interests affairs of the Company without additional compensation. At all times, Employee agrees that he has read Bank and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to and its employees generallyaffiliates.

Appears in 1 contract

Samples: Employment Agreement (Mackinac Financial Corp /Mi/)

Employment and Duties. Subject to the terms and conditions of this Agreement, the Company agrees to employ the Employee, and the Employee hereby agrees to serve the Company, as Senior Executive Vice President – Branch OperationsPresident. The Employee shall report directly to the Company’s President and Chief Executive Officer and shall render to the Company such management and policy-making services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he is charged by the Company’s Articles of Incorporation or Notice of Articles Bylaws (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his best efforts and substantially all of his business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties or pursuits during the Term (as hereinafter defined) of this Agreement); provided, however, that the Employee may be involved in a passive capacity in a non-competitive business subject to the prior written approval of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him from time to time by the Chairman of the Board or the President and Chief Executive Officer or the Board of Directors of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporationscorporation, partnershipspartnership, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its executive officers or its employees generally.

Appears in 1 contract

Samples: Employment Agreement (Paradise Inc)

Employment and Duties. Subject to the terms MSC and conditions of this Agreement, the Company agrees to XXXXX hereby employ the EmployeeEMPLOYEE, and the Employee hereby agrees to serve the CompanyEMPLOYEE accepts such employment, as Senior Vice President – Branch Operationsof MSC. The Employee shall report directly to the Company’s President and Chief Executive Officer and shall render to the Company such management and policy-making services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and EMPLOYEE agrees to devote his EMPLOYEE's best efforts and substantially full time during MSC's usual business hours to the business of MSC and conduct the business and affairs of MSC to the best of EMPLOYEE's ability, and that EMPLOYEE will adhere to the reasonable business, management, and other policies established from time to time and will perform such other services as requested by the President of XXXXX. The EMPLOYEE will render services in such executive, supervisory and general administrative capacities as the President of XXXXX shall from time to time determine. Notwithstanding the generality of the foregoing, it shall be the responsibility of EMPLOYEE to oversee MSC's facilities and operations on a day-to-day basis; seek business opportunities and strategic alliance with various companies and organizations; and the responsibility for all of his business time, skill, labor contractual obligations and attention to the performance of such dutiesother tasks as set forth by the President of XXXXX. The Employee agrees President of XXXXX or his designated representative shall not to engage in reduce or be concerned with any other commercial duties diminish the scope or pursuits title of EMPLOYEE's employment during the Term (as hereinafter defined) term of this Agreement. EMPLOYEE shall have full control over all variables that impact the net profit of MSC, a division of XXXXX, subject to the final approval of XXXXX. Exclusivity- The EMPLOYEE will devote all of his working time to performing his duties under this Agreement, and during his employment with MSC and XXXXX the EMPLOYEE will not (i) act for his own account in any manner which is competitive with any of the business of MSC or XXXXX, or which would interfere with the performance of his duties under this Agreement, or (ii) work in the day to day activities of any other corporation or other entity (iii)invest or have any financial interest, direct or indirect, in any business competitive with any of the business of XXXXX or MSC without the express permission of the President of XXXXX; provided, however, that notwithstanding the Employee foregoing, the EMPLOYEE may be involved own up to 1% of the outstanding equity securities of any Company engaged in a passive capacity in a non-any such competitive business subject whose shares are listed on a national securities exchange or regularly quoted in an over-the-counter market by one or more members of a national or an affiliated securities association. The EMPLOYEE will be deemed to the prior written approval have an indirect financial interest in any business in which any of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him from time to time by the Chairman following has any financial interest: The EMPLOYEE'S spouse; any lineal descendent or ancestor of the Board EMPLOYEE; any brother or the President and Chief Executive Officer sister of the Company. To the extent that the Company shall have EMPLOYEE; and any parent, subsidiary, affiliated corporations, partnerships, child of any such brother or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its employees generallysister.

Appears in 1 contract

Samples: Employment Agreement (Quikbiz Internet Group Inc)

Employment and Duties. Subject to the terms and conditions of this Agreement, the Company agrees to employ the Employee, and the Employee hereby agrees to serve the Company, as Senior Vice President – Branch OperationsSr. The Employee VP - Finance & CFO. Xxxxx Xxxxxxxxxxx shall report directly to the Company’s Xxxxx Xxxxxxx, President and Chief Executive Officer & CFO and shall render to the Company such management [and policy-making making] services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) 's By-laws and subject to the overall direction and control of the Company’s 's Board of Directors. The Employee accepts such employment and agrees to devote his best efforts and substantially all of his business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties or pursuits during the Term (as hereinafter defined) of this Agreement; provided, however, that the Employee may be involved in a passive capacity in a non-competitive business subject to the prior written approval of the Company’s 's Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him from time to time by the Chairman of the Board or the President and Chief Executive Officer of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively "Related Entities"), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its employees generally.additional

Appears in 1 contract

Samples: Employment Agreement (Nicholas Financial Inc)

AutoNDA by SimpleDocs

Employment and Duties. Subject to the terms and conditions of this Agreement, the The Company agrees to employ the Employee, Executive and the Employee hereby Executive agrees to serve the Company, as Senior Vice President – Branch Operations. The Employee shall report directly to the Company’s President Chief Medical Officer and as Chairman of the SAB. The duties and responsibilities of the Executive shall include the duties and responsibilities as the Company’s Chief Executive Officer and shall render Board of Directors (“Board”) may from time to time assign to the Company such management Executive, including without limitation those duties described in Exhibit A to the SAB Consulting Agreement. The Executive shall devote sufficient time, efforts and policy-making services to the business and affairs of the type customarily performed by persons Company and its subsidiaries, either formed or to be formed in the future. Nothing in this Section 1 shall prohibit the Executive from: (A) serving in similar capacities with as a director or member of any other employers that are similar board, committee thereof of any other entity or organization; (B) delivering lectures, fulfilling speaking engagements, and any writing or publication relating to the Companyhis area of expertise, together with such other duties with which he is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) and subject to the overall direction and control prior approval of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his best efforts and substantially all of his business timeBoard, skill, labor and attention to the performance of such duties. The Employee agrees not to engage be reasonably withheld; (C) serving as a director or trustee of any governmental, charitable or educational organization; (D) engaging in additional activities in connection with personal investments and community affairs, including, without limitation, professional or be concerned with any other commercial duties charitable or pursuits during the Term similar organization committees, boards, memberships or similar associations or affiliations, or (as hereinafter definedE) of this Agreement; performing advisory activities, provided, however, that such activities are not in competition with the Employee may be involved business and affairs of the Company or would tend to cast executive of the Company in a passive capacity negative light in a non-competitive the reasonable judgment of the Board; and provided, further, that notwithstanding the foregoing, the Executive shall be permitted, without the need for specific prior approval, to continue to conduct the activities in which he is currently engaged that are listed in Exhibit A to this Agreement and none of such activities shall be deemed to be in competition with the business subject to the prior written approval and affairs of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him from time to time by the Chairman of the Board or the President and Chief Executive Officer of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its employees generally.

Appears in 1 contract

Samples: Executive Employment Agreement (SPK Acquisition Corp.)

Employment and Duties. Subject to the terms and conditions of this Agreement, the Company agrees to employ the Employee, and the Employee hereby agrees to serve the Company, as Senior Vice President – Branch Operationsand Chief Executive Officer. The Employee shall report directly to the Company’s President and Chief Executive Officer Board of Directors and shall render to the Company such management and policy-making services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he is charged by the Company’s Articles of Incorporation or Notice of Articles Bylaws (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his best efforts and substantially all of his business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties or pursuits during the Term (as hereinafter defined) of this Agreement); provided, however, that the Employee may be involved in a passive capacity in a non-competitive business subject to the prior written approval of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him from time to time by the Chairman Board of the Board or the President and Chief Executive Officer Directors of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporationscorporation, partnershipspartnership, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its executive officers or its employees generally.

Appears in 1 contract

Samples: Employment Agreement (Paradise Inc)

Employment and Duties. Subject to the terms and conditions of this Agreement, the Company agrees to employ the Employee, and the Employee hereby agrees to serve the Company, as Senior Vice President – Branch OperationsChief Financial Officer. The Employee shall report directly to the Company’s President and Chief Executive Officer and shall render to the Company such management and policy-making services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he she is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his her best efforts and substantially all of his her business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties or pursuits during the Term (as hereinafter defined) of this Agreement); provided, however, that the Employee may be involved in a passive capacity in a non-competitive business subject to the prior written approval of the Company’s Board of Directors; provided further, however, that the Employee may retain her position on the board of directors of Conn’s, Inc. and any committees thereof without any further written approval of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him her from time to time by the Chairman Board of the Board or the President and Chief Executive Officer Directors of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he she has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its executive officers or its employees generally, including without limitation, the Company’s Xxxxxxx Xxxxxxx Policy and Code of Ethics and Business Conduct.

Appears in 1 contract

Samples: Employment Agreement (Nicholas Financial Inc)

Employment and Duties. Subject to the terms and conditions of this Agreement, the Company agrees to employ the Employee, and the Employee hereby agrees to serve the Company, as Senior Vice President – Branch Operationsand Chief Executive Officer. The Employee shall report directly to the Company’s President and Chief Executive Officer Board of Directors and shall render to the Company such management and policy-making services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his best efforts and substantially all of his business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties or pursuits during the Term (as hereinafter defined) of this Agreement); provided, however, that the Employee may be involved in a passive capacity in a non-competitive business subject to the prior written approval of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him from time to time by the Chairman Board of the Board or the President and Chief Executive Officer Directors of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its executive officers or its employees generally, including without limitation, the Company’s Xxxxxxx Xxxxxxx Policy and Code of Ethics and Business Conduct.

Appears in 1 contract

Samples: Employment Agreement (Nicholas Financial Inc)

Employment and Duties. Subject to the terms and conditions of this Agreement, the Company agrees to employ the Employee, and the Employee hereby agrees to serve the Company, as Senior Vice President – Branch OperationsChief Financial Officer. The Employee’s employment hereunder shall begin on or around July _8_, 2020 (the “Placement Date”). The Employee shall report directly to the Company’s President and Chief Executive Officer and shall render to the Company such management and policy-making services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he she is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his her best efforts and substantially all of his her business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties or pursuits during the Term (as hereinafter defined) of this Agreement); provided, however, that the Employee may be involved in a passive capacity in a non-competitive business subject to the prior written approval of the Company’s Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him her from time to time by the Chairman Board of the Board or the President and Chief Executive Officer Directors of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he she has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its executive officers or its employees generally, including without limitation, the Company’s Xxxxxxx Xxxxxxx Policy and Code of Ethics and Business Conduct.

Appears in 1 contract

Samples: Employment Agreement (Nicholas Financial Inc)

Employment and Duties. Subject to the terms and conditions of this Agreement, the Company agrees to employ the Employee, and the Employee hereby agrees to serve the Company, as Senior Vice President – Branch Operations& CEO. The Employee Xxxxx X. Vostotas shall report directly to the Company’s President and Chief Executive Officer Board of Directors and shall render to the Company such management [and policy-making making] services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) 's By-laws and subject to the overall direction and control of the Company’s 's Board of Directors. The Employee accepts such employment and agrees to devote his best efforts and substantially all of his business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties or pursuits during the Term (as hereinafter defined) of this Agreement; provided, however, that the Employee may be involved in a passive capacity in a non-competitive business subject to the prior written approval of the Company’s 's Board of Directors. Furthermore, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him from time to time by the Chairman Board of the Board or the President and Chief Executive Officer Directors of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively "Related Entities"), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its employees generally.

Appears in 1 contract

Samples: Employment Agreement (Nicholas Financial Inc)

Employment and Duties. Subject to the terms and conditions of this Agreement, the Company agrees to shall employ the EmployeeExecutive during the Term (as hereinafter defined) as its Group Executive and Senior Vice President, Finance. The Executive shall report to the Office of the Chairman, which will comprise the Chairman of the Board of Directors, the Chief Executive Officer, and the Employee hereby agrees to serve the Company, as Senior Vice President – Branch Operations. The Employee shall report directly to the Company’s President and Chief Executive Officer and shall render to the Company such management and policy-making services of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he is charged by the Company’s Articles or Notice of Articles (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee Executive accepts such employment and agrees to devote his best efforts and substantially all of his entire business time, skill, labor labor, and attention to the performance of such duties. The Employee During the Term, the Executive agrees not to engage in or be concerned with promptly provide a description of any other commercial duties or pursuits during engaged in by the Term Executive to the Company's Board of Directors. If the Board of Directors determines in good faith that such activities conflict with the Executive's performance of his duties hereunder, the Executive shall promptly cease such activities to the extent as directed by the Board of Directors. It is acknowledged and agreed that such description shall be made regarding any such activities in which the Executive owns more than 5% of the ownership of the organization or which may be in violation of Section 5 hereof, and that the failure of the Executive to provide any such description shall enable the Company to terminate the Executive for Cause (as hereinafter definedprovided in Section 6(c) hereof). The Company agrees to hold any such information provided by the Executive confidential and not disclose the same to any person other than a person to whom disclosure is reasonably necessary or appropriate in light of this Agreementthe circumstances. In addition, the Executive agrees to serve without additional compensation if elected or appointed to any office or position, including as a director, of the Company or any subsidiary or affiliate of the Company; provided, however, that the Employee may Executive shall be involved in a passive capacity in a non-competitive business subject entitled to the prior written approval of the Company’s Board of Directors. Furthermorereceive such benefits and additional compensation, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned if any, that is paid to him from time to time by the Chairman of the Board or the President and Chief Executive Officer of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests executive officers of the Company without additional compensationin connection with such service. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its employees generally.Executive/Term Sykes Enterprises Inc. __________ Page Number 1 Initial

Appears in 1 contract

Samples: Employment Agreement (Sykes Enterprises Inc)

Employment and Duties. Subject to the terms and conditions of this Agreement, the The Company agrees to employ the Employee, and the Employee hereby Executive agrees to serve the Company, as Senior Vice President – Branch Operations. The Employee shall report directly to the Company’s Executive Vice President and Chief Science and Technology Officer. In this capacity the Executive shall have such duties, authorities and responsibilities commensurate with the duties, authorities and responsibilities customary to these positions and such other duties and responsibilities as the Company’s Chief Executive Officer and shall render the Company’s and the Parent’s Boards of Directors (“Board”) may from time to time assign to the Company such management Executive. The Executive will report to the Chief Executive Officer. The Executive shall devote the appropriate time, efforts and policy-making services to the business and affairs of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he is charged by its Parent, and their respective subsidiaries. Nothing in this Section 1 shall prohibit the Company’s Articles Executive from: (A) serving as a director or Notice member of Articles (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his best efforts and substantially all of his business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties board, committee thereof of any other entity or pursuits during the Term organization; (B) delivering lectures, fulfilling speaking engagements, and any writing or publication relating to his area of expertise; (C) serving as hereinafter defineda director or trustee of any governmental, charitable or educational organization; (D) of this Agreement; engaging in additional activities in connection with personal investments and community affairs, including, without limitation, professional or charitable or similar organization committees, boards, memberships or similar associations or affiliations, or (E) performing consulting and advisory activities, provided, however, that such activities are not in competition with the Employee may be involved business and affairs of the Parent or would tend to cast executive of Parent in a passive capacity negative light in a non-competitive business subject to the prior written approval reasonable judgment of the Board, and (F) serving as CEO and member of Klydon, tasked with executing the Turnkey Contract. At any time, and at the Company’s Board of Directors. Furthermoreor Parent’s sole discretion, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned to him from time to time by the Chairman of the Board or the President and Chief Executive Officer of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has the Parent retains the right to assign the Executive to either the Parent or hereafter adopts with respect another subsidiary under an agreement substantially similar to its employees generallythis Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (ASP Isotopes Inc.)

Employment and Duties. Subject to the terms and conditions of this Agreement, the The Company agrees to employ the Employee, and the Employee hereby Executive agrees to serve the Company, as Senior Vice President – Branch Operations. The Employee shall report directly to the Company’s President and Chief Executive Officer and Chief Financial Officer. In this capacity the Executive shall render have such duties, authorities and responsibilities commensurate with the duties, authorities and responsibilities customary to these positions and such other duties and responsibilities as the Company’s and the Parent’s Boards of Directors (“Board”) may from time to time assign to the Company such management Executive. The parties expect the Executive to voluntarily resign one of these positions at some point in the future when a qualified replacement is appointed by the Board. At that time, Executive’s title and policyduties and responsibilities hereunder will automatically revert to those of his then-making continuing position. The Executive shall devote the majority of his time, efforts and services to the business and affairs of the type customarily performed by persons serving in similar capacities with other employers that are similar to the Company, together with such other duties with which he is charged by its Parent, and their respective subsidiaries. Nothing in this Section 1 shall prohibit the Company’s Articles Executive from: (A) serving as a director or Notice member of Articles (or any similar governance instruments) and subject to the overall direction and control of the Company’s Board of Directors. The Employee accepts such employment and agrees to devote his best efforts and substantially all of his business time, skill, labor and attention to the performance of such duties. The Employee agrees not to engage in or be concerned with any other commercial duties board, committee thereof of any other entity or pursuits during the Term organization; (B) delivering lectures, fulfilling speaking engagements, and any writing or publication relating to his area of expertise; (C) serving as hereinafter defineda director or trustee of any governmental, charitable or educational organization; (D) of this Agreement; engaging in additional activities in connection with personal investments and community affairs, including, without limitation, professional or charitable or similar organization committees, boards, memberships or similar associations or affiliations, or (E) performing consulting and advisory activities, provided, however, that such activities are not in competition with the Employee may be involved business and affairs of the Parent or would tend to cast executive of Parent in a passive capacity negative light in a non-competitive business subject to the prior written approval reasonable judgment of the CompanyBoard. At any time, and at the Executive’s Board of Directors. Furthermoresole discretion, the Employee shall assume and competently perform such reasonable responsibilities and duties as may be assigned Executive retains the right to him from time to time by the Chairman become an employee of the Board or the President and Chief Executive Officer of the Company. To the extent that the Company shall have any parent, subsidiary, affiliated corporations, partnerships, or joint venture (collectively “Related Entities”), the Employee shall perform such duties Parent under an agreement substantially similar to promote these entities and their respective interests to the same extent as the interests of the Company without additional compensation. At all times, Employee agrees that he has read and will abide by, and prospectively will read and abide by, any employee handbook, policy, or practice that the Company or Related Entities has or hereafter adopts with respect to its employees generallythis Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (ASP Isotopes Inc.)

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