Duties Contract Clauses (1,898)

Duties. (a) Throughout the Employment Period, the Executive shall be the Executive Vice President of the Company, reporting directly to the Chief Executive Officer and the Board of Directors of the Company (the "Board"), and shall have all duties and authorities as customarily exercised by an individual serving in such positions in a company the nature and size of the Company. The Executive shall at all times comply with all written Company policies applicable to him. During the Employment Period, the C...ompany shall also nominate the Executive for re-election as a member of the Board. The Executive's primary office location shall be at the Company's executive offices in the Miami, Florida metropolitan area, but the Executive shall undertake such travel as is reasonably required for his duties hereunder. (b) Throughout the Employment Period, the Executive shall use his commercially reasonable best efforts to perform his duties under this Agreement fully, diligently and faithfully, and shall use his commercially reasonable best efforts to promote the interests of the Company and its subsidiaries and affiliates. (c) Executive shall devote substantially all of his business time to the affairs of the Company; provided, however, that anything herein to the contrary notwithstanding, nothing shall preclude the Executive from (i) serving as an officer and/or on the boards of directors of other business entities, trade associations and/or charitable organizations, including, without limitation, the entities where the Executive was serving as an officer and/or a director on the date of this Agreement, (ii) engaging in charitable activities and community affairs, (iii) managing his personal and/or family investments and affairs, and (iv) engaging in any other activities approved by the Board. View More

Duties. The Corporation and Bank will employ Executive as its President and Chief Executive Officer. Executive shall render administrative and management services as are customarily performed by persons situated in similar employment capacities as a president and chief executive officer, and shall have such other powers and duties of an officer of the Bank and the Corporation as the Boards of Directors may prescribe from time to time, provided that such duties are consistent with the Executive's positio...n as President and Chief Executive Officer. The duties of Executive, which are prescribed by the Boards of Directors and may change from time to time at the direction of the Boards, generally include but are not limited to: a. Performance. Executive will be responsible for executing the strategic objectives for the Bank and the Corporation as established by the Boards of Directors. Executive will be generally responsible for all aspects of the Corporation's and Bank's performance, including without limitation, seeing that daily operational and managerial matters are performed in a manner consistent with the Corporation's and the Bank's policies, and for performing such other duties as are usual and customary for the position he holds. Executive may delegate such of his duties as he sees fit to the other officers of the Corporation or the Bank, except that if Executive serves on the Board of Directors of the Corporation and/or the Bank, he may not delegate any of his duties in his capacity as a director to any other officer or individual. b. Development and Preservation of Business. Executive will be responsible for the development and preservation of banking relationships and other business development efforts (including appropriate civic and community activities) in the Bank's market area. 2 c. Development and Preservation of Investor Awareness. Executive will be responsible for the development and preservation of the Corporation's retail and institutional investor relations. d. Report to Board. Executive will perform such other duties as may be appropriate to his position and as may be prescribed and changed from time to time by the Boards of Directors of the Corporation and the Bank, respectively, and will report directly to the Boards. View More

Duties. a. While the Executive is employed pursuant to this Agreement, he shall perform such duties and discharge such responsibilities as the Chief Executive Officer of the Corporation and the Board of Directors of the Corporation (the "Board of Directors") shall from time to time direct, which duties and responsibilities shall be commensurate with the Executive's position. The Executive shall perform his duties and discharge his responsibilities from the Corporation's principal office in Chantilly, Vi...rginia, other than normal and customary business travel, which is also a duty and requirement of the Executive's employment with the Corporation. The Executive shall comply fully with all applicable laws, rules and regulations as well as with the Corporation's policies and procedures. The Executive shall devote his entire working time to the business of the Corporation and shall use his best efforts, skills and abilities in his diligent and faithful performance of his duties and responsibilities hereunder. While the Executive is employed pursuant to this Agreement, he shall not engage in any other business activities or hold any office or position, regardless of whether any such activity, office or position is pursued for profit or other pecuniary advantage, without the prior written consent of the Corporation; provided, however, the Executive may engage in (i) personal investment activities for himself and his family and (ii) charitable and civic activities, so long as such outside interests set forth in subsections (i) and (ii) hereof do not interfere with the performance of his duties and responsibilities hereunder. b. The Chief Executive Officer and the Board of Directors reserve the right from time to time to assign to the Executive additional duties and responsibilities and to delegate to other employees of the Corporation duties and responsibilities normally discharged by the Executive. All such assignments and delegations of duties and responsibilities shall be made in good faith and shall not materially affect the general character of the work to be performed by the Executive. The Executive shall hold such officerships and directorships in the Corporation and any subsidiary to which, from time to time, the Executive may be appointed or elected with no additional compensation payable to the Executive. View More

Duties. Employee shall be granted the title of Chief Financial Officer of the Company subject to the authority of the Company's Chief Executive Officer (the "CEO"). Employee shall perform such duties commensurate with his office and as directed the CEO such duties to include, but not be limited to: See Schedule 1. During the Employment Period, Employee shall perform his duties hereunder in a diligent manner, subject to the provisions of Schedule 1 of this Agreement; devoting such amount of his business ...time, attention and efforts to the affairs of the Company within the scope of his employment as is necessary for the proper rendition of such service and shall use his best efforts to promote the best interests of the Company. Employee's services shall be rendered when and as required by the Board and in accordance with his instructions, direction and control. It is agreed that Employee will only devote such time as to effectively conduct duties and responsibilities associated with this position pursuant to this Agreement. View More

Duties. The Executive has been elected to serve as a member of the Board of Directors of the Company (the "Board") and has been appointed by the other members of the Board to serve as the Chairman of the Board. In addition to his customary duties as Chairman of the Board, the Executive shall have certain executive duties and responsibilities with respect to the strategic direction of the Company and, as such, will be deemed to be an officer of the Company having the title "Executive Chairman." The Execu...tive shall faithfully perform for the Company the duties of said office and shall perform such other duties of an executive, managerial or administrative nature consistent with the office of Executive Chairman as shall be specified and designated from time to time by the Board. Such duties may include, without limitation, the performance of services for, and serving on the board of directors of, any subsidiary of the Company without any additional compensation. The Executive shall devote substantially all of the Executive's business time and effort to the performance of the Executive's duties hereunder; provided, however, that the Company acknowledges and agrees that, so long as such activities do not materially interfere with the Executive's ability to perform his duties and responsibilities hereunder or violate the Executive's covenant against competition as described at Section 6.2 hereof, the Executive shall have the right to continue to serve as the President of Elco Landmark Residential Holdings, LLC and Elco Landmark Residential Management, LLC (together, the "ELRH Companies") during calendar year 2014 and shall be permitted to devote such of his business time and efforts during calendar year 2014 as he shall deem necessary to fulfill his duties and responsibilities with respect thereto; provided, further, that the Executive agrees that he shall resign from his position as President of the ELRH Companies and from any other position(s) he holds with the ELRH Companies with an 1 effective date no later than December 31, 2014, and shall not receive any compensation or benefits from the ELRH Companies for any period of time after the effective date of such resignation. During calendar year 2014, the Executive may reside in and perform his duties out of an ELRH company office located in the State of Florida. In addition, notwithstanding the foregoing, so long as the following activities do not interfere with the Executive's duties to the Company and provided that the following activities do not violate the Executive's covenant against competition as described at Section 6.2 hereof, during the Term the Executive may perform personal, charitable and other business activities, including, without limitation, serving as a member of one or more boards of directors of charitable or other professional organizations and engaging in any activities permitted by Section 6.2(d)(i), may engage in personal investment activities consistent with Company policies on personal securities trading by Company personnel, may serve on the boards of directors/advisors or as a consultant to other business organizations that are not engaged in any aspect of the multi-family residential industry, and may engage in such other board or professional assignments which are disclosed to and approved by the Board, provided, however, that service in such capacities for other business organizations shall require the consent of the Board, such consent not to be unreasonably withheld. The Company agrees that, during the Term, the Executive shall be nominated by the Nominating and Corporate Governance Committee of the Board for re-election to the Board of Directors at each annual meeting of the Company's shareholders and, upon election, shall be appointed as the Chairman of the Board, provided that, at the time of each annual meeting, (a) if the Executive is unable to perform his duties hereunder due to a disability or other incapacity, it is reasonably certain that the Executive will be able to resume his duties on a regular full-time basis prior to such time as the Executive's employment hereunder may be terminated by the Company due to disability, (b) the Company has not notified the Executive of its intention to terminate the Executive's employment for cause, and (c) the Executive has not notified the Company of his intention resign from his position of Executive Chairman of the Company. View More