Duties and Responsibilities of Executive. During the Employment
Period, Period (as defined below), Executive shall devote his
full working time full-time services to
(a) the business of the Company and
its Affiliates and (b) performance of perform the duties and responsibilities assigned to
Executive him under the Company's Bylaws and by the Board to the best of Executive's ability and with reasonable diligence. In
2 Exhibit 10.1 determining Executive's duties and responsibilities,
Executive the Board shall
not be assigned assign duties
... and responsibilities to Executive that are materially inconsistent consistent with Executive's position. This Section 3 shall not be construed as preventing Executive from (a) engaging in reasonable volunteer services for charitable, educational educational, religious or civic 2 organizations, or (b) passively investing personal his assets in such a manner that will not require a material any amount of the Executive's his time or services in the operation operations of the businesses in which such investments are made; provided, however, no such other activity shall conflict or materially interfere with Executive's loyalties, loyalties and duties or responsibilities to the Company and its Affiliates. Company. Executive shall at all times use his Executive's best efforts to comply in good faith comply with United States laws applicable to Executive's actions on behalf of the Company and its Affiliates. Affiliates (as defined in Section 6(d)). Executive understands and agrees that Executive may be required to travel from time to time for purposes of the Company's business. The Parties agree that Executive's principal work location cannot During the Employment Period, Executive shall be relocated further than 50 miles from Executive's principal work location on expected to abide at all times with the Effective Date, except Company's personnel policies, practices, and procedures as mutually agreed by the Parties. a condition of continuing employment.
View More
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
by the Board to the best of Executive's ability and with reasonable diligence. In determining Executive's duties and responsibilities, Executive shall not be assigned duties and responsibilities that are materially inconsistent with Executive's position. This Section 3 shall not be construed a
...s preventing Executive from (a) engaging in reasonable volunteer services for charitable, educational or civic 2 organizations, or (b) investing personal assets in such a manner that will not require a material amount of the Executive's time or services in the operation of the businesses in which such investments are made; provided, however, no such other activity shall conflict or materially interfere with Executive's loyalties, duties or responsibilities to the Company and its Affiliates. Executive shall at all times use his best efforts to comply in good faith with United States laws applicable to Executive's actions on behalf of the Company and its Affiliates. Executive understands and agrees that Executive may be required to travel from time to time for purposes of the Company's business. The Parties agree that Executive's principal work location cannot be relocated further than 50 miles from Executive's principal work location on the Effective Date, except as mutually agreed by the Parties. 2 H. Chappelle Agreement 4. Term of Employment. Executive's term of employment with the Company under this Agreement shall be for the period from the Effective Date through the date that is three (3) years from the Effective Date, unless earlier terminated in accordance with this Agreement, and if not earlier terminated, this Agreement will expire upon the date that is three (3) years from the Effective Date. The period from the Effective Date through the earlier of the third (3rd) anniversary of the Effective Date and the date of Executive's termination of employment with the Company and its Affiliates for whatever reason (the "Termination Date") shall be referred to herein as the "Employment Period." Notwithstanding the above, Executive agrees to remain available beyond the Employment Period to provide assistance to the Company or its Affiliate in the event that the Company or an Affiliate become involved in litigation (or another type of dispute or controversy) regarding matters of which Executive has relevant knowledge resulting from Executive's employment with the Company or an Affiliate. Such post-termination assistance shall be provided by Executive in the capacity of an independent contractor at an agreed-upon, reasonable consulting fee, and shall not be deemed to create or continue an employee-employer or fiduciary relationship, or to represent a continuation of this Agreement.
View More