Duties Clause Example with 5 Variations from Business Contracts
This page contains Duties clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Duties. 1.1 Positions. The Executive shall be employed as President and Chief Financial Officer of the Bank and the Company and, subject to the direction of the Chief Executive Officer and the Board of Directors, shall perform and discharge faithfully the duties and responsibilities which reasonably may be assigned to the Executive from time to time in connection with the conduct of the businesses. The duties and responsibilities of the Executive shall be commensurate with similar positions at other com...munity banks of a similar size to the Bank. The Executive shall report to the Chief Executive Officer of the Bank and the Company. 1.2 Full-Time Status. In addition to the duties and responsibilities specifically assigned to the Executive pursuant to Section 1.1 hereof, the Executive shall: (a) subject to Section 1.3, devote substantially all of the Executive's time, energy and skill during regular business hours to the performance of the duties of the Executive's employment (reasonable vacations and reasonable absences due to illness excepted) and faithfully and industriously perform such duties; and (b) diligently follow and implement all reasonable and lawful management policies and decisions communicated to the Executive by either the Board of Directors of the Company or the Bank or the Chief Executive Officer of the Company or the Bank; and (c) timely prepare and forward to the Board of Directors of the Company and the Bank or the Chief Executive Officer of the Company or the Bank all reports and accountings as reasonably may be requested of the Executive thereby. 1.3 Permitted Activities. The Executive shall devote substantially all of the Executive's entire business time, attention and energies to the business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other significant business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage, but as long as the following activities do not interfere with the Executive's obligations to the Employer, this shall not be construed as preventing the Executive from: (a) investing the Executive's personal assets in any manner which will not require any services on the part of the Executive in the operation or affairs of the entity into which the Executive has invested (including service on the board of directors or other governing body of such entity) and in which the Executive's participation is solely that of an investor; provided that such investment activity following the Effective Date shall not result in his owning beneficially at any time one percent (1%) or more of the equity securities of any Competing Business; or (b) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books, teaching or serving on the board of directors of an entity so long as any such participation does not interfere with the ability of the Executive to effectively discharge his duties hereunder; provided further, that the Board of Directors of the Company or the Bank may direct the Executive in writing to resign from any such organization and/or cease such activities should the Board of Directors of the Company or the Bank reasonably conclude that continued membership and/or activities of the type identified would not be in the best interests of the Employer.View More
Variations of a "Duties" Clause from Business Contracts
Duties. 1.1 Positions. 2.1 The Executive shall be is employed as an Executive Vice President and Chief Financial Officer of the Bank and the Company and, Howard Bank, is subject to the direction of the Chief Executive Officer Officer, and the Board of Directors, shall must perform and discharge well and faithfully the duties and responsibilities which reasonably may be assigned to the Executive from time to time by the Employer in connection with the conduct of the businesses. The duties and responsibil...ities of the Executive shall be commensurate with similar positions at other community banks of a similar size to the Bank. The Executive shall report to the Chief Executive Officer of the Bank and the Company. 1.2 Full-Time Status. its business. 2.2 In addition to the duties and responsibilities specifically assigned to the Executive pursuant to Section 1.1 2.1 hereof, the Executive shall: must: (a) subject to Section 1.3, devote substantially all of the Executive's time, energy and skill during regular business hours to the performance of the duties of the Executive's employment (reasonable vacations and reasonable absences due to illness excepted) and faithfully and industriously perform such duties; and (b) diligently follow and implement all reasonable and lawful management policies and decisions communicated to the Executive by either the Board of Directors of the Company or the Bank or the Chief Executive Officer of and the Company or the Bank; Board; and 4 (c) timely prepare and forward to the Board of Directors of the Company and the Bank or the Chief Executive Officer of and to the Company or the Bank Board all reports and accountings accounting as reasonably may be requested of the Executive thereby. 1.3 Permitted Activities. Executive. 2.3 The Executive shall must devote substantially all of the Executive's entire business time, attention and energies to the business Business of the Employer and shall must not during the Term of this Agreement be engaged (whether or not during normal business hours) in any other significant business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage, advantage; but as long as the following activities do not interfere with the Executive's obligations to the Employer, this shall will not be construed as preventing the Executive from: (a) investing the Executive's personal assets in any manner businesses which are not in competition with the Business of the Employer and which will not require any services on the part of the Executive in the their operation or affairs of the entity into which the Executive has invested (including service on the board of directors or other governing body of such entity) and in which the Executive's participation is solely that of an investor; (b) purchasing securities in any corporation whose securities are regularly traded provided that such investment activity following the Effective Date shall purchase will not result in his Executive collectively owning beneficially at any time one five percent (1%) (5%) or more of the equity securities of any Competing Business; or (b) business in competition with the Business of the Employer; and (c) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books, teaching books or serving on teaching, subject to any directions or limitations that might be established by the board of directors of an entity so long as any such participation does not interfere with the ability of the Chief Executive to effectively discharge his duties hereunder; provided further, that Officer and the Board of Directors of the Company or the Bank may direct the Executive in writing from time to resign from any such organization and/or cease such activities should the Board of Directors of the Company or the Bank reasonably conclude that continued membership and/or activities of the type identified would not be in the best interests of the Employer. time. View More
Duties. 1.1 Positions. 2.1 The Executive shall be is employed as an Executive Vice President of Howard Bank and Chief Financial Officer President of the Bank and mortgage division of the Company and, Bank, is subject to the direction of the Chief Executive Officer Officer, and the Board of Directors, shall must perform and discharge well and faithfully the duties and responsibilities which reasonably may be assigned to the Executive from time to time by the Employer in connection with the conduct of the... businesses. The duties and responsibilities of the Executive shall be commensurate with similar positions at other community banks of a similar size to the Bank. The Executive shall report to the Chief Executive Officer of the Bank and the Company. 1.2 Full-Time Status. its business. 2.2 In addition to the duties and responsibilities specifically assigned to the Executive pursuant to Section 1.1 2.1 hereof, the Executive shall: must: (a) subject to Section 1.3, devote substantially all of the Executive's time, energy and skill during regular business hours to the performance of the duties of the Executive's employment (reasonable vacations and reasonable absences due to illness excepted) and faithfully and industriously perform such duties; and (b) diligently follow and implement all reasonable and lawful management policies and decisions communicated to the Executive by either the Board of Directors of the Company or the Bank or the Chief Executive Officer of and the Company or the Bank; Board; and 4 (c) timely prepare and forward to the Board of Directors of the Company and the Bank or the Chief Executive Officer of and to the Company or the Bank Board all reports and accountings accounting as reasonably may be requested of the Executive thereby. 1.3 Permitted Activities. Executive. 2.3 The Executive shall must devote substantially all of the Executive's entire business time, attention and energies to the business Business of the Employer and shall must not during the Term of this Agreement be engaged (whether or not during normal business hours) in any other significant business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage, advantage; but as long as the following activities do not interfere with the Executive's obligations to the Employer, this shall will not be construed as preventing the Executive from: (a) investing the Executive's personal assets in any manner businesses which are not in competition with the Business of the Employer and which will not require any services on the part of the Executive in the their operation or affairs of the entity into which the Executive has invested (including service on the board of directors or other governing body of such entity) and in which the Executive's participation is solely that of an investor; (b) purchasing securities in any corporation whose securities are regularly traded provided that such investment activity following the Effective Date shall purchase will not result in his Executive collectively owning beneficially at any time one five percent (1%) (5%) or more of the equity securities of any Competing Business; or (b) business in competition with the Business of the Employer; and (c) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books, teaching books or serving on teaching, subject to any directions or limitations that might be established by the board of directors of an entity so long as any such participation does not interfere with the ability of the Chief Executive to effectively discharge his duties hereunder; provided further, that Officer and the Board of Directors of the Company or the Bank may direct the Executive in writing from time to resign from any such organization and/or cease such activities should the Board of Directors of the Company or the Bank reasonably conclude that continued membership and/or activities of the type identified would not be in the best interests of the Employer. time. View More
Duties. 1.1 Positions. 2.1 POSITION. The Executive shall be is employed initially as President and Chief Financial Officer the Vice Chairman of the Bank and the Company and, subject to the direction of the Chief Executive Officer and the Board of Directors, Directors of the Bank or its designees, shall perform and discharge well and faithfully the duties and responsibilities which reasonably may be assigned to the Executive him from time to time by the Bank in connection with the conduct of the business...es. The duties and responsibilities of the Executive shall be commensurate with similar positions at other community banks of a similar size to the Bank. The Executive shall report to the Chief Executive Officer of the Bank and the Company. 1.2 Full-Time Status. its business. 3 2.2 FULL-TIME STATUS. In addition to the duties and responsibilities specifically assigned to the Executive pursuant to Section 1.1 2.1 hereof, the Executive shall: (a) subject to Section 1.3, devote substantially all of the Executive's his time, energy and skill during regular business hours to the performance of the duties of the Executive's his employment (reasonable vacations and reasonable absences due to illness excepted) and faithfully and industriously perform such duties; and (b) diligently follow and implement all reasonable and lawful management policies and decisions communicated to him by the Executive by board of directors of either the Board of Directors of the Company or the Bank or the Chief Executive Officer of the Company or the Bank; Company; and (c) timely prepare and forward to the Board board of Directors directors of the Company and either the Bank or the Chief Executive Officer of the Company or the Bank all reports and accountings as reasonably may be requested of the Executive thereby. 1.3 Permitted Activities. Executive. 2.3 PERMITTED ACTIVITIES. The Executive shall devote substantially all of the Executive's his entire business time, attention and energies to the business Business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other significant business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage, advantage; but as long as the following activities do not interfere with the Executive's obligations to the Employer, this shall not be construed as preventing the Executive from: (a) investing the Executive's his personal assets in any manner businesses which (subject to clause (b) below) are not in competition with the Business of the Employer and which will not require any services on the part of the Executive in the their operation or affairs of the entity into which the Executive has invested (including service on the board of directors or other governing body of such entity) and in which the Executive's his participation is solely that of an investor; (b) purchasing or otherwise acquiring an ownership interest in any entity provided that such investment activity following the Effective Date interest shall not result in his him collectively owning beneficially at any time one five percent (1%) (5%) or more of any entity or, to the extent applicable, five percent (5%) or more of the equity securities stock, capital or profits of any Competing Business; or (b) entity in competition with the Business of the Employer; and (c) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books, books or teaching or serving on so long as the Company's and the Bank's Chief Executive Officer approves of such activities prior to the Executive's engaging in them. Notwithstanding the foregoing provisions of this Section 2.3, the Executive may provide services to any entity and may engage in such additional investment activities to the extent such services and such additional investment activities have been expressly approved in writing by the board of directors of an entity so long as any such participation does not interfere with either the ability of the Executive to effectively discharge his duties hereunder; provided further, that the Board of Directors of the Company Bank or the Bank may direct the Executive in writing to resign from any such organization and/or cease such activities should the Board of Directors of the Company or the Bank reasonably conclude that continued membership and/or activities of the type identified would not be in the best interests of the Employer. Company. View More
Duties. 1.1 Positions. 2.1 Position. The Executive shall be is employed as President and the Chief Financial Officer of the Bank and the Company and, Company, subject to the direction of the Chief Executive Officer (hereinafter "CEO") or its designee(s) and the Board of Directors, shall perform and discharge well and faithfully the duties and responsibilities which reasonably may be assigned to the Executive her from time to time by the Bank in connection with the conduct of the businesses. its business.... The duties and responsibilities of the Executive shall be commensurate with similar positions at other community banks of a similar size to the Bank. The Executive shall report to the Chief Executive Officer of the Bank and the Company. 1.2 are set forth on Exhibit A attached hereto. 2.2 Full-Time Status. In addition to the duties and responsibilities specifically assigned to the Executive pursuant to Section 1.1 2.1 hereof, the Executive shall: (a) subject to Section 1.3, devote substantially all of the Executive's her time, energy and skill during regular business hours to the performance of the duties of the Executive's her employment (reasonable vacations and reasonable absences due to illness excepted) and faithfully and industriously perform such duties; and (b) diligently follow and implement all reasonable and lawful management policies and decisions communicated to the Executive her by either the Board of Directors of the Company or the Bank or the Chief Executive Officer of the Company or the Bank; and (c) timely prepare and forward to the Board of Directors of the Company and the Bank CEO or the Chief Executive Officer of the Company or the Bank its designees all reports and accountings as reasonably may be requested of the Executive thereby. 1.3 Executive. 5 2.3 Permitted Activities. The Executive shall devote substantially all of the Executive's her entire business time, attention and energies to the business Business of the Employer Bank and the Company and shall not during the Term be engaged (whether or not during normal business hours) in any other significant business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage, advantage; but as long as the following activities do not interfere with the Executive's obligations to the Employer, this shall not be construed as preventing the Executive from: (a) investing the Executive's her personal assets in any manner businesses which (subject to clause (b) below) are not in competition with the Business of the Bank or the Company and which will not require any services on the part of the Executive in the their operation or affairs of the entity into which the Executive has invested (including service on the board of directors or other governing body of such entity) and in which the Executive's her participation is solely that of an investor; (b) purchasing securities in any corporation whose securities are regularly traded provided that such investment activity following the Effective Date purchase shall not result in his her collectively owning beneficially at any time one five percent (1%) (5%) or more of the equity securities of any Competing Business; business in competition with the Business of the Bank or (b) the Company; and (c) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books, books or teaching or serving on the board of directors of an entity so long as any such participation does not interfere with the ability of the Executive to effectively discharge his duties hereunder; provided further, that the Board of Directors of the Company or the Bank may direct the Executive in writing to resign from any such organization and/or cease approves of such activities should prior to the Board of Directors of the Company or the Bank reasonably conclude that continued membership and/or activities of the type identified would not be Executive's engaging in the best interests of the Employer. them. View More
Duties. 1.1 Positions. 2.1 The Executive shall be is employed as President and Chief Financial Executive Officer of each of the Bank and the Company and, Company, subject to the direction of the Chief Boards of Directors or their designee(s). The Executive Officer and the Board of Directors, shall perform and discharge well and faithfully the authority, duties and responsibilities which reasonably may be assigned to the Executive from time to time by the Board of Directors in connection with the conduct... of the businesses. The Business of the Employer; provided, however, that in making its assignments, the Board of Directors shall assign only such authority, duties and responsibilities of assigned to the Executive shall from time to time as are, in the aggregate, consistent with the duties and responsibilities as would be commensurate with similar positions at other community banks of customarily assigned to a similar size person occupying the position(s) held by the Executive pursuant to the Bank. The Executive shall report to the Chief Executive Officer terms of the Bank and the Company. 1.2 Full-Time Status. this Agreement. 2.2 In addition to the duties and responsibilities specifically assigned to the Executive pursuant to Section 1.1 2.1 hereof, the Executive shall: (a) subject to Section 1.3, devote substantially all of the Executive's time, energy and skill during regular business hours to the performance of the duties of the Executive's employment (reasonable vacations and reasonable absences due to illness excepted) and faithfully and industriously perform such duties; and (b) diligently follow and implement all reasonable and lawful management policies and decisions communicated to the Executive by either the Board of Directors of the Company or the Bank or the Chief Executive Officer of the Company or the Bank; Directors, which is consistent with this Agreement; and (c) timely prepare and forward to the Board of Directors of the Company and the Bank or the Chief Executive Officer of the Company or the Bank all reports and accountings accounting as reasonably may be requested of the Executive thereby. 1.3 Permitted Activities. Executive. 2.3 The Executive shall devote substantially all of the Executive's entire business time, attention and energies to the business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other significant business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage, advantage; but as long as the following activities do not interfere with the Executive's obligations to the Employer, this shall not be construed as preventing the Executive from: (a) managing the Executive's personal assets and investing the Executive's personal assets in any manner businesses, which (subject to clause (b) below) are not in competition with the Business of the Employer and which will not require any services on the part of the Executive in the their operation or affairs of the entity into which the Executive has invested (including service on the board of directors or other governing body of such entity) and in which the Executive's participation is solely that of an investor; (b) purchasing securities or other interests in any entity provided that such investment activity following the Effective Date purchase shall not result in his the Executive's collectively owning beneficially at any time one five percent (1%) (5%) or more of the equity securities of any Competing Business; business in competition with the Business of the Employer; (c) serving on the board of directors of other organizations (including those organizations with which the Executive serves as of the Effective Date) so long as such service does not materially interfere with the performance of the Executive's duties under this Agreement and are not in competition with the Business of the Employer or (b) result in the violation of any listing standard of any securities exchange on which the securities of the Company are traded or listed for trading; and (d) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books, books or teaching or serving on the board of directors of an entity so long as any such participation does not interfere with entity; provided that the ability Chairman of the Executive to effectively discharge his duties hereunder; provided further, that the Board of Directors or its designee approves in writing of the Company or the Bank may direct Executive joining such entity as a member of its board of directors prior to the Executive in writing to resign from any joining such organization and/or cease such activities should the Board board of Directors of the Company or the Bank reasonably conclude that continued membership and/or activities of the type identified would not be in the best interests of the Employer. directors. 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