Responsibilities and Compensation Sample Clauses

Responsibilities and Compensation. A party is only liable to the other party to the extent that an injury is caused by negligence or willful misconduct by the tortfeasor, or in accordance with the general rules of Danish law for non-participation in the proper fulfilment of the contract. In other respects, the general rules of Danish law apply. The designated railway undertaking is liable for damage to the railway infrastructure incurred in connection with its traffic or other use of services. Neither Banedanmark nor the applicant shall be held liable to the other party under this contract insofar as the liability is due to circumstances beyond the party's control and which the party should not have taken into account at the signing of the contract, or should have avoided or overcome. The party wishing to invoke force majeure shall without undue delay notify the other party in writing of the occurrence and termination of the event. The parties shall seek to mitigate or prevent the event, damage or delay in accordance with Danish laws on the duty of mitigation.
Sample 1
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Responsibilities and Compensation. (a) During the Term, Executive shall serve in the capacity as a member and Director on the Board and shall attend Board meetings, vote on Board matters and conduct himself in accordance with the Company's bylaws. In accordance with this change and modification, the Executive shall not participate in any Company benefit plans, including but not limited to welfare benefit plans or program (including, but not limited to medical, dental, disability, group life (including accidental death and dismemberment), business travel insurance plans and programs], retirement savings plan or program [including without limitation 401(k) and pension] and such other perquisites of office as the Company may from time to time an in its sole discretion make available generally to employees of similar rank as Executive. This Agreement also excludes inclusion in participation in the Company's Supplemental Executive Retirement Plan ("SERP"). The Executive shall serve as President of The Tasties, a subsidiary of the company and shall be entitled to the compensation and benefits as indicated in the original Employment Agreement if and when said subsidiary of the Company assumes operation. (b) The Company shall reimburse Executive for all reasonable, ordinary, and necessary business expenses incurred in the performance of Executive's duties hereunder in accordance with and subject to the terms and conditions of the Company's then-prevailing expense policy. As a condition precedent to obtaining such reimbursement, Executive shall provide to the Company any and all statements, bills, or receipts evidencing the expenses for which Executive seeks reimbursement, and such other related information or materials as the Company may from time to time reasonably require.
Sample 1
Responsibilities and Compensation. Following the completion of the acquisition of the Company by Xxxxx, you will continue in a position with responsibilities substantially similar to those you currently have. Your yearly base salary will continue at $121,706, subject to periodic review with adjustments based on your demonstrated performance, consistent with the Company's compensation practices. You will continue to be eligible for annual incentive bonuses with a target equal to 30% of your base salary. Actual awards will be determined by the Company based on an assessment of performance and achievement of applicable objectives established for that year. This determination will be consistent with the Company's customary practices and procedures under the current incentive program. We have been advised by Xxxxx that you will also be eligible to participate in the United Technologies Corporation Recognition Stock Option
Sample 1
Responsibilities and Compensation. During the Advisory Period, you will assist with the transition of your duties and work on tasks and projects as Juniper requests. During the Advisory Period, Xxxxxxx will determine how many hours you will be required to work and you will be paid a prorated portion of base salary based on the number of hours required. You will also be eligible for a pro-rated portion of your annual cash bonus based on hours worked during the Advisory Period.
Sample 1
Responsibilities and Compensation. Up until the Termination Date, you will continue to perform your duties and assist with the transition of your duties as well as work on tasks and projects as Juniper requests. You will continue to receive your base salary through the Termination Date.
Sample 1
Responsibilities and Compensation. Following the completion of the acquisition of the Company by Xxxxx, you will continue in a position with responsibilities substantially similar to those you currently have. Your yearly base salary will continue at $155,100, subject to periodic review with adjustments based on your demonstrated performance, consistent with the Company's compensation practices. You will continue to be eligible for annual incentive bonuses with a target equal to 30% of your base salary. Actual awards will be determined by the Company based on an assessment of performance and achievement of applicable objectives established for that year. This determination will be consistent with the Company's customary practices and procedures under the current incentive program. We have been advised by Xxxxx that you will also be eligible to participate in the United Technologies Corporation Recognition Stock Option Program. Details of this program will be provided under separate cover. We have also been advised by Xxxxx that you will receive a special grant of 1,000 non-qualified United Technologies Corporation stock options. Future awards will be based on demonstrated performance and determined in accordance with Xxxxx'x established compensation practices. You will also continue your existing yearly car allowance of $6,000 during the term of this Agreement. If your employment is terminated without cause during the term of this Agreement, you will be eligible for a severance benefit as described below. In addition to the foregoing, you will participate in other benefit programs generally available to Company employees, including but not limited to health care, dental, life insurance, vacation, short and long-term disability.
Sample 1

Related to Responsibilities and Compensation

  • Duties and Responsibilities of Employee (a) During the Employment Period, Employee shall devote substantially all of Employee’s business time and attention to the business of the Company and its Affiliates, will act in a manner that Employee reasonably believes is consistent with the best interests of the Company and its Affiliates and will perform with due care Employee’s duties and responsibilities. Employee’s duties will include those normally incidental to the position(s) set forth in Section 1 above of as well as whatever additional duties may be assigned to Employee, with Employee’s consent, by any senior officers or by the Board of Managers of EPE Acquisition (the “Board”) from time to time. Employee agrees not to engage in any activity that materially interferes with the performance of Employee’s duties hereunder. Without limiting the foregoing, during the Employment Period, Employee will not hold any type of outside employment, engage in any type of consulting or otherwise render services to or for any other person, entity or business concern without the advance written approval of the Board. Notwithstanding the foregoing, the parties acknowledge and agree that Employee may (i) serve on corporate boards or committees (A) listed on Schedule 2(a) hereto or (B) approved by the Board, (ii) serve on civic, educational, religious, public interest, or charitable boards or committees, (iii) manage Employee’s personal and family investments, provided that such activity is not expressly prohibited by Section 10 and (iv) engage in passive investments (the activities referred to in the immediately preceding clauses (i), (ii), (iii) and (iv) being “Permitted Activities”); provided, however, that such activities shall be permitted so long as such activities do not materially interfere with the performance of Employee’s duties and responsibilities under this Agreement or conflict with the business and affairs of the Company.

  • Duties and Responsibilities of Executive During the Employment Period, Executive shall devote his full working time to (a) the business of the Company and its Affiliates and (b) performance of the duties and responsibilities assigned to Executive to the best of Executive’s ability and with reasonable diligence. Executive’s Employment shall also be subject to the policies maintained and established by the Company, as such policies may be amended from time to time. Executive shall at all times use his best efforts to comply in good faith with laws applicable to Executive’s actions on behalf of the Company and its Affiliates.

  • Employment Duties and Responsibilities A) The Company shall employ the Executive, and the Executive shall serve the Company, as President and Chief Executive Officer, with such duties and responsibilities as may be assigned to the Executive by the Board of Directors (“BOD” or “Board”) of the Company and are typically associated with a position of that nature.

  • Position, Duties and Responsibilities During the Term of Employment, Executive shall be employed and serve as the Chief Executive Officer of the Company, reporting directly to the Board, and having such duties and responsibilities commensurate with such position. Executive also agrees to serve as an officer and/or director of any member of the Company Group, in each case, without additional compensation, and, without limiting the foregoing, will serve as a member of the Board at all times Executive serves as the Company’s Chief Executive Officer.

  • General Duties and Responsibilities 1. Responsibilities under the General Conditions of the Contract for Construction: In addition to the responsibilities herein set forth, Consulting Engineer/Architect agrees to be responsible for those matters identified in the General Conditions as being responsibilities of the Consulting Engineer/Architect. Consulting Engineer/Architect specifically acknowledges receipt of a copy of the General Conditions and acceptance of the responsibilities as set forth therein.

  • Duties and Responsibilities of Manager During the Term, subject to the provisions of Section 3.1 herein, Manager shall provide, in exchange for the Management Fee, all such services as are necessary and appropriate for the day-to-day administration and management of Practice in a manner consistent with good business practice, including without limitation those services set forth in this Article 2.

  • Delegation of Responsibilities The Advisor is authorized to delegate any or all of its rights, duties and obligations under this Agreement to one or more sub-advisors, and may enter into agreements with sub-advisors, and may replace any such sub-advisors from time to time in its discretion, in accordance with the 1940 Act, the Advisers Act, and rules and regulations thereunder, as such statutes, rules and regulations are amended from time to time or are interpreted from time to time by the staff of the Securities and Exchange Commission ("SEC"), and if applicable, exemptive orders or similar relief granted by the SEC and upon receipt of approval of such sub-advisors by the Board of Trustees and by shareholders (unless any such approval is not required by such statutes, rules, regulations, interpretations, orders or similar relief).

  • Responsibilities 1. Subject to the provisions of this Agreement, BNY shall with respect to each Specified Country select an Eligible Foreign Custodian. In connection therewith, BNY shall: (a) determine that assets of the Funds held by such Eligible Foreign Custodian will be subject to reasonable care, based on the standards applicable to custodians in the relevant market in which such Eligible Foreign Custodian operates, after considering all factors relevant to the safekeeping of such assets, including, without limitation, those contained in paragraph (c)(1) of the Rule; (b) determine that the Funds’ foreign custody arrangements with each Eligible Foreign Custodian are governed by a written contract with the Custodian which will provide reasonable care for the Funds’ assets based on the standards specified in paragraph (c)(1) of the Rule; (c) determine that each contract with an Eligible Foreign Custodian shall include the provisions specified in paragraph (c)(2)(i)(A) through (F) of the Rule or, alternatively, in lieu of any or all of such (c)(2)(i)(A) through (F) provisions, such other provisions as BNY determines will provide, in their entirety, the same or a greater level of care and protection for the assets of the Funds as such specified provisions; (d) monitor pursuant to the Monitoring System the appropriateness of maintaining the assets of the Funds with a particular Eligible Foreign Custodian pursuant to paragraph (c)(1) of the Rule and the performance of the contract governing such arrangement; and (e) advise the Funds whenever BNY determines under the Monitoring System that an arrangement (including, any material change in the contract governing such arrangement) described in preceding clause (d) no longer meets the requirements of the Rule.

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