Duties and Responsibilities Contract Clauses (344)

Duties and Responsibilities. 3.1 During the Employment Period, the Executive shall be employed as Chief Executive Officer of the Company. 3.2 The Executive shall devote his entire business related working time, attention and energies to the business and affairs of the Company, shall faithfully, diligently and competently perform the duties of his employment, and shall do all reasonably within his power to promote, develop and extend the business of the Company. 3.3 The Executive shall perform his duties hereunder at the off...ices of the Company or such other site or sites as may be selected by the Company within a 50 mile radius of the Executive's current residence. View More

Duties and Responsibilities. The Employee will serve as the President and the Chief Strategy Officer (the "CSO") of the Company. The Employee will perform such duties and services as are customary for the positions of President and CSO in similarly situated enterprises in the biopharmaceutical industry and such other duties as may be reasonably assigned to her from time to time by the Chief Executive Officer of the Company (the "CEO"). In furtherance of the foregoing, the Employee hereby agrees to perform faithfully such du...ties and responsibilities and the other reasonable duties and responsibilities assigned to her from time to time by the CEO. View More

Duties and Responsibilities. The Executive agrees to work for the Company as its Chief Financial Officer (CFO) performing all of the duties and responsibilities inherent in such position. As the CFO the Executive shall report to the Company's Chief Executive Officer ("CEO") and the Audit Committee of the Board of Directors and shall be subject to the supervision thereof, and Executive shall have such authority as is delegated by the CEO and the Board, which authority shall be sufficient for Executive to perform all of the d...uties of the office referenced herein. The Executive shall devote the Executive's full business time and reasonable best efforts in the performance of the foregoing services. Subject to the restrictions set forth in Section 6.4, Executive may accept other board memberships or service with other organizations that are not in conflict with Executive's primary responsibilities and obligations to the Company. View More

Duties and Responsibilities. Executive shall serve as Chief Financial Officer of the Company and shall have such normal and customary duties and responsibilities commensurate with his position, subject to the general supervision of the Chief Executive Officer of the Company and oversight by the Audit Committee of the Board of Directors of the Company. Executive shall devote his best efforts and attention to the business and affairs of the Company and shall diligently, faithfully and competently perform his duties and respon...sibilities hereunder; provided however that the foregoing shall not preclude Executive from engaging in other business endeavors and from spending time and attention with respect thereto and other endeavors, whether business, charitable, philanthropic or otherwise. A list of permitted activities in which Executive is currently engaged is attached as Exhibit A hereto. Executive recognizes that his primary responsibility is to the Company, however, Executive shall be permitted to work remotely. 1 4. Compensation and Related Matters. (a) Base Salary. The Company shall pay Executive an annual base salary ("Base Salary") of Two Hundred Thousand Dollars ($200,000), payable in substantially equal monthly or more frequent installments in accordance with the Company's normal and customary payroll practices. The Compensation Committee of the Company's Board of Directors (the "Compensation Committee") shall review and further adjust Executive's Base Salary on at least an annual basis in its sole and absolute discretion, provided that during the Employment Period the Company may not decrease Executive's Base Salary below the amount set forth in this section. Any such increased Base Salary shall be and become the "Base Salary" for purposes of this Agreement. (b) Expense Reimbursement. The Company shall pay or reimburse Executive for all reasonable business expenses properly incurred by Executive in the ordinary course of performing his duties and responsibilities hereunder, subject to the Company's normal and customary practices and policies as are in effect from time to time with respect to travel. Entertainment and other business expenses (including the Company's reasonable requirements with respect to prior approval, reporting and documentation of such expenses). (c) Benefits. The Company will provide or offer for Executive's participation such benefits as are generally provided or offered by the Company to its other senior executive officers. Including, without limitation, health/major medical insurance, life insurance, disability insurance and welfare benefits, Paid Time Off (sick days, holiday, etc.) and other fringe benefits (collectively, "Benefits"), if and to the extent that Executive is eligible to participate in accordance with the terms of the applicable Benefit plan or program generally and subject to any required contributions. (d) Bonus. Executive shall be eligible for an annual bonus of up to fifty-percent (50%) of his base salary, according to the terms and conditions of a bonus plan that is based upon the financial results achieved by the Company for the fiscal year or such other performance goals established by the Compensation Committee, in its sole discretion. Such a bonus plan shall be established within ninety (90) days of the Effective Date of this Agreement. (e) Options. Executive is hereby granted 30,000 options (the "Options") to purchase shares of the Company's Common Stock pursuant to the terms and conditions set forth in the Non-Qualified Stock Option Agreement attached hereto as Exhibit B (the Option Agreement). The options shall vest 1 /3 immediately upon award, 1 /3 on the first anniversary of the Effective Date, and the final 1 /3 on the second anniversary of the Effective Date. Subject to Executive's continued employment with the company, The Options shall be granted with an exercise price equal to the Fair Market Value (as defined in the Company's 2013 Equity Compensation Plan as Amended) of a share of Common Stock on the date of the grant and shall expire on the tenth anniversary of the date of the grantor, if earlier, at the time set forth in the Equity Award Agreement relating to Executive's termination of employment. 2 (f) Withholding. All Base Salary, bonus, and other compensation described in this Agreement shall be subject to withholding for federal state or local taxes, amounts withheld under applicable benefit policies or programs, and any other amounts that may be required to be withheld by law, judicial order or otherwise. (g) Paid Time Off. Executive shall receive twenty-five (25) days of Paid Time Off (PTO) per year, and all paid Company holidays in accordance with Company policy. PTO days shall be used for sick leave, appointments, personal needs, or pre-planned holidays. View More

Duties and Responsibilities. (a) Positions. During the Term, Executive shall serve as the Chief Financial Officer (the "CFO") of the Company. (b) Duties and Responsibilities. Executive shall render service as the CFO primarily in the Company's Pittsburgh, Pennsylvania office. Executive's primary duties and obligations hereunder shall be as directed from time to time by the Chief Executive Officer of the Company (the "CEO"). In furtherance of the foregoing, during the Term, Executive shall devote substantially all of his bus...iness time to carrying out such duties. (c) Time Commitment. Executive's employment by the Company shall be full-time and exclusive and, during the Term, Executive agrees that he shall (i) devote substantially all of his business time and attention, his best efforts, and all his skill and ability to promote the interests of the Company and its affiliates, and (ii) carry out his duties in a competent and professional manner. Notwithstanding the foregoing, subject to the terms of Section 3(b), Executive shall be permitted to (A) engage in charitable and civic activities, and (B) manage his personal passive investments which are (1) investments that are not similar or related to the kinds of investments entered into by Company or its affiliates, and (2) are fully disclosed to the CEO and are approved in writing by the CEO prior to such investment. View More