Employment Clause Example with 63 Variations from Business Contracts
This page contains Employment 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.
Employment. (a) General. The Company shall employ Executive upon the terms and conditions provided herein effective as of the Effective Date. (b) Position and Duties. Effective on the Effective Date, Executive: (i) shall continue to serve as the Company's President and Chief Executive Officer, with responsibilities, duties, and authority usual and customary for such position, subject to direction by the Company's Board of Directors (the "Board"); (ii) shall continue to report directly to the Board; and (iii...) agrees promptly and faithfully to comply with all present and future policies, requirements, rules and regulations, and reasonable directions and requests, of the Company in connection with the Company's business. As of the Effective Date, Executive shall continue to serve as a member of the Board, and, while Executive is employed hereunder, the Company shall nominate Executive for reelection as a member of the Board at the end of each Board term. At the Company's request, Executive shall serve the Company and/or its subsidiaries and affiliates in such other capacities in addition to the foregoing as the Company shall designate, provided that such additional capacities are consistent with Executive's position as the Company's President and Chief Executive Officer. In the event that Executive serves in any one or more of such additional capacities, Executive's compensation shall not automatically be increased on account of such additional service. 1 (c) Performance of Executive's Duties. During Executive's employment with the Company, and except for periods of illness, vacation, disability, or reasonable leaves of absence or as discussed in Section 1(e), Executive shall devote Executive's full time and attention to the business and affairs of the Company pursuant to the general direction of the Board. The rights of Executive under this Agreement shall not be affected by any change in the title, duties, or capacity of Executive during Executive's employment with the Company. (d) Principal Office. Executive will work principally at the Company's facility located in Emeryville, California. (e) Exclusivity. Except with the prior written approval of the Board (which the Board may grant or withhold in its sole and absolute discretion), Executive shall devote substantially all of Executive's working time, attention, and energies to the business of the Company, except during any paid vacation or other excused absence periods. Nothing in this section prevents Executive from engaging in additional activities in connection with personal investments and community affairs. Executive may also serve as a member of the board of directors or board of advisors of another organization provided (i) such organization is not a competitor of the Company; (ii) Executive receives prior written approval from the Board; and (iii) such activities do not individually or in the aggregate interfere with the performance of Executive's duties under this Agreement, violate the Company's standards of conduct then in effect, or raise a conflict under the Company's conflict of interest policies.View More
Variations of a "Employment" Clause from Business Contracts
Employment. (a) General. The Company shall employ Executive upon the terms and conditions provided herein effective as of the Effective Date. (b) Position and Duties. Effective on as of the Effective Date, Executive: (i) shall continue to serve as the Company's President and Chief Executive Officer, [ ], with responsibilities, duties, and authority usual and customary for such position, subject to direction by the [the Company's Board of Directors (the "Board"); "Board")]OR[the Chief Executive Officer of th...e Company (the "CEO")]; (ii) shall continue to report directly to the Board; [Board]OR[CEO] or the [Board]OR[CEO]'s designee; and (iii) agrees promptly and faithfully to comply with all present and future policies, requirements, rules and regulations, and reasonable directions and requests, of the Company in connection with the Company's business. As of the Effective Date, Executive shall continue to serve as a member of the Board, and, while Executive is employed hereunder, the Company shall nominate Executive for reelection as a member of the Board at the end of each Board term. At the Company's request, Executive shall serve the Company and/or its subsidiaries and affiliates in such other capacities in addition to the foregoing as the Company shall designate, provided that such additional capacities are consistent with Executive's position as the Company's President and Chief Executive Officer. [ ]. In the event that Executive serves in any one or more of such additional capacities, Executive's compensation shall not automatically be increased on account of such additional service. 1 (c) Performance of Executive's Duties. During Executive's employment with the Company, and except for periods of illness, vacation, disability, or reasonable leaves of absence or as discussed in Section 1(e), Executive shall devote Executive's full time and attention to the business and affairs of the Company pursuant to the general direction of the Board. The rights of Executive under this Agreement shall not be affected by any change in the title, duties, or capacity of Executive during Executive's employment with the Company. (d) Principal Office. Executive will work principally shall continue to perform services for the Company at the Company's facility offices located in Emeryville, California. (e) [San Francisco, California], or, with the Company's consent, at any other place in connection with the fulfillment of Executive's role with the Company; provided, however, that the Company may from time to time require Executive to travel temporarily to other locations in connection with the Company's business. (d) Exclusivity. Except with the prior written approval of the Board [Board]OR[CEO] (which the Board [Board]OR[CEO] may grant or withhold in its his or her sole and absolute discretion), Executive shall devote substantially all of Executive's best efforts and full working time, attention, and energies to the business of the Company, except during any paid vacation or other excused absence periods. Nothing Notwithstanding the foregoing, Executive may, without violating this Section 1(d), (i) as a passive investment, own publicly traded securities in this section prevents such form or manner as will not require any services by Executive from engaging in additional the operation of the entities in which such securities are owned; (ii) engage in charitable and civic activities; or (iii) engage in other personal passive investment activities, in each case, so long as such interests or activities do not materially interfere to the extent such activities do not, individually or in connection the aggregate, interfere with personal investments or otherwise prevent the performance of Executive's duties and community affairs. responsibilities hereunder. Executive may also serve as a member of the board of directors or board of advisors of another organization provided (i) such organization is not a competitor of the Company; (ii) Executive receives prior written approval from the Board; [Board]OR[CEO]; and (iii) such activities do not individually or in the aggregate interfere with the performance of Executive's duties under this Agreement, violate the Company's standards of conduct then in effect, or raise a conflict under the Company's conflict of interest policies. [For the avoidance of doubt, the [Board]OR[CEO]has approved Executive's continued service with those organizations set forth on Exhibit A, such approval to continue until the earlier to occur of (a) the [Board]OR[CEO]'s revocation of such approval in his or her sole and absolute discretion, or (b) such time as such service interferes with the performance of Executive's duties under this Agreement, violates the Company's standards of conflict or raises a conflict under the Company's conflict of interest policies.] View More
Employment. (a) General. The Company shall employ Executive upon as a full-time employee of the terms and conditions provided herein Company effective as of the Effective Date. Date for the period and in the position set forth in this Section 1, and upon the other terms and conditions herein provided. (b) Term. The term of employment pursuant to this Agreement shall commence on December 23, 2019 and will continue until terminated as provided in Sections 3 and 4 herein (the "Term"). (c) Position and Duties. ...Effective on the Effective Date, Executive: (i) shall continue to serve as the Company's President and Chief Executive Officer, Financial Officer for the Company, with responsibilities, duties, duties and authority usual and customary for such position, subject to direction by the Company's Board of Directors (the "Board"); (ii) shall continue to report directly to the Board; and (iii) agrees promptly and faithfully to comply with all present and future policies, requirements, directions, requests and rules and regulations, and reasonable directions and requests, regulations of the Company in connection with the Company's business. As of the Effective Date, (d) Location. Executive shall continue to serve as a member of the Board, and, while Executive is employed hereunder, the Company shall nominate Executive for reelection as a member of the Board at the end of each Board term. At the Company's request, Executive shall serve the Company and/or its subsidiaries and affiliates in such other capacities in addition to the foregoing as the Company shall designate, provided that such additional capacities are consistent with Executive's position as the Company's President and Chief Executive Officer. In the event that Executive serves in any one or more of such additional capacities, Executive's compensation shall not automatically be increased on account of such additional service. 1 (c) Performance of Executive's Duties. During Executive's employment with the Company, and except for periods of illness, vacation, disability, or reasonable leaves of absence or as discussed in Section 1(e), Executive shall devote Executive's full time and attention to the business and affairs of the Company pursuant to the general direction of the Board. The rights of Executive under this Agreement shall not be affected by any change in the title, duties, or capacity of Executive during Executive's employment with the Company. (d) Principal Office. Executive will work principally based at the Company's facility located headquarters in Emeryville, California. New York, New York, except for such travel as may be necessary to fulfill Executive's duties and responsibilities. (e) Exclusivity. Except with the prior written approval of the Board (which the Board may grant or withhold in its sole and absolute discretion), Executive shall devote substantially all of Executive's entire working time, attention, attention and energies to the business of the Company, except during Company and shall not (i) accept any paid vacation other employment or other excused absence periods. Nothing in this section prevents Executive from engaging in additional activities in connection with personal investments and community affairs. Executive may also consultancy; (ii) serve as a member of on the board of directors or board similar body of advisors of another organization provided (i) such organization any other entity; or (iii) engage, directly or indirectly, in any other business activity (whether or not pursued for pecuniary advantage) that is not or may be competitive with, or that might place Executive in a competitor competing position to, that of the Company; (ii) Company or any of its subsidiaries or affiliates. Notwithstanding the foregoing, Executive receives prior written approval from the Board; may devote reasonable time to unpaid activities such as supervision of personal investments and (iii) activities involving professional, charitable, educational, religious, civic and similar types of activities, speaking engagements and membership on committees; provided such activities do not individually or in the aggregate interfere with the performance of Executive's duties under this Agreement, violate the Company's standards of conduct then in effect, effect or raise a conflict under the Company's conflict of interest policies. View More
Employment. (a) General. The Company shall employ Executive upon as a full-time employee of the terms and conditions provided herein Company effective as of the Effective Date. Date for the period and in the position set forth in this Section 1, and upon the other terms and conditions herein provided. Executive's employment with the Company will be "at-will," meaning that Executive or the Company may terminate Executive's employment at any time and for any reason or no reason, with or without Cause. The "at...-will" relationship of Executive's employment may only be changed pursuant to an express written agreement executed by the Chief Executive Officer ("CEO") and Executive. (b) Term. The term of employment pursuant to this Agreement shall commence on the Effective Date and will continue until terminated as provided in Sections 3 and 4 herein (the "Term"). (c) Position and Duties. Effective on the Effective Date, Executive: (i) shall continue to serve as the Company's President and Chief Executive Officer, Technology Officer for the Company, with responsibilities, duties, and authority usual and customary for such position, subject to direction by the Company's Board of Directors (the "Board"); (ii) duties set forth in Job Description Exhibit , shall continue to report directly to the Board; CEO; and (iii) (ii) agrees promptly and faithfully to comply with all present and future policies, requirements, directions, requests and rules and regulations, and reasonable directions and requests, regulations of the Company in connection with the Company's business. As of the Effective Date, (d) Location. Executive shall continue to serve as a member of the Board, and, while Executive is employed hereunder, the Company shall nominate Executive for reelection as a member of the Board be based at the end of each Board term. At the Company's request, Executive shall serve the Company and/or its subsidiaries and affiliates headquarter office in such other capacities in addition to the foregoing as the Company shall designate, provided that such additional capacities are consistent with Executive's position as the Company's President and Chief Executive Officer. In the event that Executive serves in any one or more of such additional capacities, Executive's compensation shall not automatically be increased on account of such additional service. 1 (c) Performance of Executive's Duties. During Executive's employment with the Company, and New York, NY except for periods of illness, vacation, disability, or reasonable leaves of absence or such travel as discussed in Section 1(e), Executive shall devote may be necessary to fulfill Executive's full time duties and attention to the business and affairs of the Company pursuant to the general direction of the Board. The rights of Executive under this Agreement shall not be affected by any change in the title, duties, or capacity of Executive during Executive's employment with the Company. (d) Principal Office. Executive will work principally at the Company's facility located in Emeryville, California. responsibilities. 1 (e) Exclusivity. Except with the prior written approval of the Board (which the Board may grant or withhold in its sole and absolute discretion), Executive shall devote substantially all of Executive's entire working time, attention, attention and energies to the business of the Company, except during Company and shall not (i) accept any paid vacation other employment or other excused absence periods. Nothing in this section prevents Executive from engaging in additional activities in connection with personal investments and community affairs. Executive may also consultancy, (ii) serve as a member of on the board of directors or board similar body of advisors of another organization provided (i) such organization any other entity, or (iii) engage, directly or indirectly, in any other business activity (whether or not pursued for pecuniary advantage) that is not or may be competitive with, or that might place Executive in a competitor competing position to, that of the Company; (ii) Company or any of its subsidiaries or affiliates. Notwithstanding the foregoing, Executive receives prior written approval from the Board; may devote reasonable time to unpaid activities such as supervision of personal investments and (iii) activities involving professional, charitable, educational, religious, civic and similar types of activities, speaking engagements and membership on committees; provided, such activities do not individually or in the aggregate interfere with the performance of Executive's duties under this Agreement, violate the Company's standards of conduct then in effect, effect or raise a conflict under the Company's conflict of interest policies. View More
Employment. (a) General. The Company shall employ Executive upon as a full-time employee of the terms and conditions provided herein Company effective as of the Effective Date. Date for the period and in the position set forth in this Section 1, and upon the other terms and conditions herein provided. (b) Position and Duties. Effective on the Effective Date, Executive: (i) shall continue to serve as the Company's President and Chief Executive Officer, Medical Officer of the Company, with responsibilities, d...uties, duties and authority usual and customary for such position, subject to direction by the Company's Board of Directors Chief Executive Officer (the "Board"); "CEO"); (ii) shall continue to report directly to the Board; CEO; and (iii) agrees promptly and faithfully to comply with all present and future policies, requirements, directions, requests and rules and regulations, and reasonable directions and requests, regulations of the Company in connection with the Company's business. As of the Effective Date, Executive shall continue to serve as a member of the Board, and, while Executive is employed hereunder, the Company shall nominate Executive for reelection as a member of the Board at the end of each Board term. At the Company's request, Executive shall serve the Company and/or its subsidiaries and affiliates in such other capacities in addition to the foregoing as the Company shall designate, provided that such additional capacities are consistent with Executive's position as the Company's President and Chief Executive Officer. In the event that Executive serves in any one or more of such additional capacities, Executive's compensation shall not automatically be increased on account of such additional service. 1 (c) Performance of Executive's Duties. During Executive's employment with the Company, and except for periods of illness, vacation, disability, or reasonable leaves of absence or as discussed in Section 1(e), Executive shall devote Executive's full time and attention to the business and affairs of the Company pursuant to the general direction of the Board. The rights of Executive under this Agreement shall not be affected by any change in the title, duties, or capacity of Executive during Executive's employment with the Company. (d) Principal Office. Executive will work principally at the Company's facility located in Emeryville, California. (e) Exclusivity. Except with the prior written approval of the Board (which the Board may grant or withhold in its sole and absolute discretion), Executive shall devote substantially all of Executive's entire working time, attention, attention and energies to the business of the Company, except during Company and shall not (i) accept any paid vacation other employment or other excused absence periods. Nothing in this section prevents Executive from engaging in additional activities in connection with personal investments and community affairs. Executive may also consultancy; (ii) serve as a member of on the board of directors or board similar body of advisors of another organization provided (i) such organization any other entity; or (iii) engage, directly or indirectly, in any other business activity (whether or not pursued for pecuniary advantage) that is not or may be competitive with, or that might place Executive in a competitor competing position to, that of the Company; (ii) Company or any of its subsidiaries or affiliates. Notwithstanding the foregoing, Executive receives prior written approval from the Board; may devote reasonable time to unpaid activities such as supervision of personal investments and (iii) activities involving professional, 1 charitable, educational, religious, civic and similar types of activities, speaking engagements and membership on committees, provided such activities do not individually or in the aggregate interfere with the performance of Executive's duties under this Agreement, violate the Company's standards of conduct then in effect, effect or raise a conflict under the Company's conflict of interest policies. View More
Employment. (a) General. The Company shall employ Executive upon as a full-time employee of the terms and conditions provided herein Company effective as of the Effective Date. Date for the period and in the position set forth in this Section 1, and upon the other terms and conditions herein provided. (b) Position and Duties. Effective on the Effective Date, Executive: (i) shall continue to serve as the Company's President and Chief Executive Officer, Financial Officer of the Company, with responsibilities,...duties, duties and authority usual and customary for such position, subject to direction by the Company's Board of Directors Chief Executive Officer (the "Board"); "CEO"); (ii) shall continue to report directly to the Board; CEO; and (iii) agrees promptly and faithfully to comply with all present and future policies, requirements, directions, requests and rules and regulations, and reasonable directions and requests, regulations of the Company in connection with the Company's business. As business and the Company's Confidential Information and Disclosure Agreement ("CIDA"), in each case, as any such policies or agreements may be amended from time to time (collectively, the "Policies"). In addition, the Board of Directors of the Effective Date, Company (the "Board") shall appoint Executive shall continue to serve as a member of the Board, and, while Board. Executive is employed hereunder, the Company shall nominate Executive for reelection as a member attend each regular meeting of the Board, and such other meetings for which there is reasonable prior notice, in person except as may be otherwise agreed by the Board prior to such meeting. (c) Location. Executive shall be based at the end of each Board term. At the Company's request, Executive shall serve the Company and/or its subsidiaries and affiliates headquarters in such other capacities in addition to the foregoing as the Company shall designate, provided that such additional capacities are consistent with Executive's position as the Company's President and Chief Executive Officer. In the event that Executive serves in any one or more of such additional capacities, Executive's compensation shall not automatically be increased on account of such additional service. 1 (c) Performance of Executive's Duties. During Executive's employment with the Company, and Costa Mesa, California, except for periods of illness, vacation, disability, or reasonable leaves of absence or such travel as discussed in Section 1(e), may be necessary to fulfill Executive's duties and responsibilities. 1 (d) Exclusivity. Executive shall devote Executive's full time and attention to the business and affairs of the Company pursuant to the general direction of the Board. The rights of Executive under this Agreement shall not be affected by any change in the title, duties, or capacity of Executive during Executive's employment with the Company. (d) Principal Office. Executive will work principally at the Company's facility located in Emeryville, California. (e) Exclusivity. Except with the prior written approval of the Board (which the Board may grant or withhold in its sole and absolute discretion), Executive shall devote substantially all of Executive's entire working time, attention, attention and energies to the business of the Company, except during Company and shall not (i) accept any paid vacation other employment or other excused absence periods. Nothing in this section prevents Executive from engaging in additional activities in connection with personal investments and community affairs. Executive may also consultancy; (ii) serve as a member of on the board of directors or board similar body of advisors of another organization provided (i) such organization any other entity; or (iii) engage, directly or indirectly, in any other business activity (whether or not pursued for pecuniary advantage) that is not or may be competitive with, or that might place Executive in a competitor competing position to, that of the Company; (ii) Company or any of its subsidiaries or affiliates. Notwithstanding the foregoing, Executive receives prior written approval from the Board; may devote reasonable time to unpaid activities such as supervision of personal investments and (iii) activities involving professional, charitable, educational, religious, civic and similar types of activities, speaking engagements and membership on committees, provided such activities do not individually or in the aggregate interfere with the performance of Executive's duties under this Agreement, violate the Company's standards of conduct then in effect, effect or raise a conflict under the Company's conflict of interest policies. View More
Employment. (a) General. The Company shall employ Executive upon as a full-time employee of the terms and conditions provided herein Company effective as of the Effective Date. Date for the period and in the position set forth in this Section 1, and upon the other terms and conditions herein provided. (b) Position and Duties. Effective on the Effective Date, Executive: (i) shall continue to serve as the Company's President and Chief Executive Officer, Officer of the Company, with responsibilities, duties, d...uties and authority usual and customary for such position, subject to direction by the Company's Board of Directors (the "Board"); (ii) shall continue to report directly to the Board; and (iii) agrees promptly and faithfully to comply with all present and future policies, requirements, directions, requests and rules and regulations, and reasonable directions and requests, regulations of the Company in connection with the Company's business. As of the Effective Date, In addition, Executive shall continue to serve as a member of the Board, and, Board while Executive is employed hereunder, the Company shall nominate Executive for reelection as a member of the Board at the end of each Board term. At the Company's request, Executive shall serve the Company and/or its subsidiaries and affiliates in such other capacities in addition to the foregoing as the Company shall designate, provided that such additional capacities are consistent with Executive's position as the Company's President and Chief Executive Officer. In the event that Executive serves in any one or more of such additional capacities, Executive's compensation shall not automatically be increased on account of such additional service. 1 hereunder. (c) Performance of Executive's Duties. During Executive's employment with the Company, and except for periods of illness, vacation, disability, or reasonable leaves of absence or as discussed in Section 1(e), Executive shall devote Executive's full time and attention to the business and affairs of the Company pursuant to the general direction of the Board. The rights of Executive under this Agreement shall not be affected by any change in the title, duties, or capacity of Executive during Executive's employment with the Company. (d) Principal Office. Executive will work principally at the Company's facility located in Emeryville, California. (e) Exclusivity. Except with the prior written approval of the Board (which the Board may grant or withhold in its sole and absolute discretion), Executive shall devote substantially all of Executive's entire working time, attention, attention and energies to the business of the Company, except during Company and shall not (i) accept any paid vacation other employment or consultancy; or (ii) engage, directly or indirectly, in any other excused absence periods. Nothing business activity (whether or not pursued for pecuniary advantage) that is or may be competitive with, or that might place Executive in this section prevents Executive from engaging in additional activities in connection with personal investments and community affairs. a competing position to, that of the Company or any of its subsidiaries or affiliates. Notwithstanding the foregoing, Executive may also (x) serve as a member of on the board of directors of up to two (2) other private or board of advisors of another organization provided (i) such organization is not a competitor public companies, subject in each case to the prior approval of the Company; (ii) Executive receives prior written approval from the Board; Board, not to be unreasonably withheld; and (iii) (y) devote reasonable time to unpaid activities such as supervision of personal investments and activities involving professional, charitable, educational, religious, civic and similar types of activities, speaking engagements and membership on committees, provided that in each case such activities do not individually or in the aggregate interfere with the performance of Executive's duties under this Agreement, violate the Company's standards of conduct then in effect, effect or raise a conflict under the Company's conflict of interest policies. View More
Employment. (a) General. The Company shall employ Executive upon as a full-time employee of the terms and conditions provided herein Company effective as of the Effective Date. Date for the period and in the position set forth in this Section 1, and upon the other terms and conditions herein provided. (b) Position and Duties. Effective on the Effective Date, Executive: (i) shall continue to serve as the Company's President and Chief Executive Officer, Officer of the Company, with responsibilities, duties, d...uties and authority usual and customary for such position, subject to direction by the Company's Board of Directors (the "Board"); (ii) shall continue to report directly to the Board; and (iii) agrees promptly and faithfully to comply with all present and future policies, requirements, directions, requests and rules and regulations, and reasonable directions and requests, regulations of the Company in connection with the Company's business. As of the Effective Date, In addition, Executive shall continue to serve as a member of the Board, and, Board while Executive is employed hereunder, the Company shall nominate Executive for reelection as a member of the Board at the end of each Board term. At the Company's request, Executive shall serve the Company and/or its subsidiaries and affiliates in such other capacities in addition to the foregoing as the Company shall designate, provided that such additional capacities are consistent with Executive's position as the Company's President and Chief Executive Officer. In the event that Executive serves in any one or more of such additional capacities, Executive's compensation shall not automatically be increased on account of such additional service. 1 hereunder. (c) Performance of Executive's Duties. During Executive's employment with the Company, and except for periods of illness, vacation, disability, or reasonable leaves of absence or as discussed in Section 1(e), Executive shall devote Executive's full time and attention to the business and affairs of the Company pursuant to the general direction of the Board. The rights of Executive under this Agreement shall not be affected by any change in the title, duties, or capacity of Executive during Executive's employment with the Company. (d) Principal Office. Executive will work principally at the Company's facility located in Emeryville, California. (e) Exclusivity. Except with the prior written approval of the Board (which the Board may grant or withhold in its sole and absolute discretion), Executive shall devote substantially all of Executive's entire working time, attention, attention and energies to the business of the Company, except during Company and shall not (i) accept any paid vacation other employment or other excused absence periods. Nothing in this section prevents Executive from engaging in additional activities in connection with personal investments and community affairs. Executive may also consultancy; (ii) serve as a member of on the board of directors or board similar body of advisors of another organization provided (i) such organization any other entity; or (iii) engage, directly or indirectly, in any other business activity 1 (whether or not pursued for pecuniary advantage) that is not or may be competitive with, or that might place Executive in a competitor competing position to, that of the Company; (ii) Company or any of its subsidiaries or affiliates. Notwithstanding the foregoing, Executive receives prior written approval from the Board; may devote reasonable time to unpaid activities such as supervision of personal investments and (iii) activities involving professional, charitable, educational, religious, civic and similar types of activities, speaking engagements and membership on committees, provided such activities do not individually or in the aggregate interfere with the performance of Executive's duties under this Agreement, violate the Company's standards of conduct then in effect, effect or raise a conflict under the Company's conflict of interest policies. View More
Employment. (a) General. The Company shall continue to employ Executive upon the terms and conditions provided herein effective as of the Effective Date. (b) Position and Duties. Effective on the Effective Date, Executive: (i) Executive shall continue to serve as the Company's President and Chief Executive Technology Officer, with responsibilities, duties, and authority usual and customary for such position, position subject to direction by the Company's Board of Directors Chief Operating Officer (the "Boar...d"); (ii) "COO"). During Executive's employment with the Company, Executive shall continue to report directly to the Board; COO and (iii) agrees promptly and faithfully to comply with all present and future policies, requirements, rules and regulations, and reasonable directions and requests, of the Company in connection with the Company's business. As Executive will at all times perform all of the Effective Date, duties and obligations required by Executive shall continue to serve as under this Agreement in a member of the Board, and, while Executive is employed hereunder, the Company shall nominate Executive for reelection as a member of the Board at the end of each Board term. At the Company's request, Executive shall serve the Company and/or its subsidiaries loyal and affiliates in such other capacities in addition conscientious manner and to the foregoing as the Company shall designate, provided that such additional capacities are consistent with best of Executive's position as the Company's President ability and Chief Executive Officer. In the event that Executive serves in any one or more of such additional capacities, Executive's compensation shall not automatically be increased on account of such additional service. 1 experience. (c) Performance of Executive's Duties. During Executive's employment with the Company, and except for periods of illness, vacation, disability, Disability, or reasonable excused leaves of absence or as discussed in Section 1(e), absence, Executive shall devote Executive's full time and attention to the business and affairs of the Company pursuant to the general direction of the Board. The rights of COO; provided that nothing herein shall preclude Executive under this Agreement shall not be affected by any change in the title, duties, or capacity of Executive during Executive's employment with the Company. (d) Principal Office. Executive will work principally at the Company's facility located in Emeryville, California. (e) Exclusivity. Except with the from, subject to prior written approval consent of the Board (which the Board may grant or withhold in its sole and absolute discretion), Executive shall devote substantially all of Executive's working time, attention, and energies to the business of the Company, except during any paid vacation or other excused absence periods. Nothing in this section prevents Executive from COO: (i) engaging in additional activities in connection with personal investments and community affairs. Executive may also serve affairs including service on non-profit boards of directors; (ii) serving as a member of the board of directors or board of advisors of another organization provided (i) such organization is for for-profit organizations that are not a competitor competitors of the Company; (ii) Executive receives prior written approval from the Board; and (iii) serving as an advisor, or as a member of an advisory board of organizations that are not competitors of the Company; provided such activities do not individually or in the aggregate interfere with the performance of Executive's duties under this Agreement, violate the Company's standards of conduct then in effect, effect or raise a conflict under the Company's conflict of interest policies. View More
Employment. (a) General. The Company shall continue to employ Executive upon the terms and conditions provided herein effective as of the Effective Date. (b) Position and Duties. Effective on the Effective Date, Executive: (i) Executive shall continue to serve as the Company's President and Chief Executive Development Officer, with responsibilities, duties, and authority usual and customary for such position, position subject to direction by the Company's Board of Directors Chief Operating Officer (the "Boa...rd"); (ii) "COO"). During Executive's employment with the Company, Executive shall continue to report directly to the Board; COO and (iii) agrees promptly and faithfully to comply with all present and future policies, requirements, rules and regulations, and reasonable directions and requests, of the Company in connection with the Company's business. As Executive will at all times perform all of the Effective Date, duties and obligations required by Executive shall continue to serve as under this Agreement in a member of the Board, and, while Executive is employed hereunder, the Company shall nominate Executive for reelection as a member of the Board at the end of each Board term. At the Company's request, Executive shall serve the Company and/or its subsidiaries loyal and affiliates in such other capacities in addition conscientious manner and to the foregoing as the Company shall designate, provided that such additional capacities are consistent with best of Executive's position as the Company's President ability and Chief Executive Officer. In the event that Executive serves in any one or more of such additional capacities, Executive's compensation shall not automatically be increased on account of such additional service. 1 experience. (c) Performance of Executive's Duties. During Executive's employment with the Company, and except for periods of illness, vacation, disability, Disability, or reasonable excused leaves of absence or as discussed in Section 1(e), absence, Executive shall devote Executive's full time and attention to the business and affairs of the Company pursuant to the general direction of the Board. The rights of COO; provided that nothing herein shall preclude Executive under this Agreement shall not be affected by any change in the title, duties, or capacity of Executive during Executive's employment with the Company. (d) Principal Office. Executive will work principally at the Company's facility located in Emeryville, California. (e) Exclusivity. Except with the from, subject to prior written approval consent of the Board (which the Board may grant or withhold in its sole and absolute discretion), Executive shall devote substantially all of Executive's working time, attention, and energies to the business of the Company, except during any paid vacation or other excused absence periods. Nothing in this section prevents Executive from COO: (i) engaging in additional activities in connection with personal investments and community affairs. Executive may also serve affairs including service on non-profit boards of directors; (ii) serving as a member of the board of directors or board of advisors of another organization provided (i) such organization is for for-profit organizations that are not a competitor competitors of the Company; (ii) Executive receives prior written approval from the Board; and (iii) serving as an advisor, or as a member of an advisory board of organizations that are not competitors of the Company; provided such activities do not individually or in the aggregate interfere with the performance of Executive's duties under this Agreement, violate the Company's standards of conduct then in effect, effect or raise a conflict under the Company's conflict of interest policies. View More
Employment. (a) General. The Company shall employ Executive upon the terms and conditions provided herein effective as of the Effective Date. (b) Position and Duties. Effective on the Effective Date, Executive: (i) Executive shall continue to serve as the Company's President and Chief Executive Technology Officer, with responsibilities, duties, and authority usual and customary for such position, position subject to direction by the Company's Board of Directors Chief Operating Officer (the "Board"); (ii) "C...OO"). During Executive's employment with the Company, Executive shall continue to report directly to the Board; COO and (iii) agrees promptly and faithfully to comply with all present and future policies, requirements, rules and regulations, and reasonable directions and requests, of the Company in connection with the Company's business. As Executive will at all times perform all of the Effective Date, duties and obligations required by Executive shall continue to serve as under this Agreement in a member of the Board, and, while Executive is employed hereunder, the Company shall nominate Executive for reelection as a member of the Board at the end of each Board term. At the Company's request, Executive shall serve the Company and/or its subsidiaries loyal and affiliates in such other capacities in addition conscientious manner and to the foregoing as the Company shall designate, provided that such additional capacities are consistent with best of Executive's position as the Company's President ability and Chief Executive Officer. In the event that Executive serves in any one or more of such additional capacities, Executive's compensation shall not automatically be increased on account of such additional service. 1 experience. (c) Performance of Executive's Duties. During Executive's employment with the Company, and except for periods of illness, vacation, disability, Disability, or reasonable excused leaves of absence or as discussed in Section 1(e), absence, Executive shall devote Executive's full time and attention to the business and affairs of the Company pursuant to the general direction of the Board. The rights of COO; provided that nothing herein shall preclude Executive under this Agreement shall not be affected by any change in the title, duties, or capacity of Executive during Executive's employment with the Company. (d) Principal Office. Executive will work principally at the Company's facility located in Emeryville, California. (e) Exclusivity. Except with the from, subject to prior written approval consent of the Board (which the Board may grant or withhold in its sole and absolute discretion), Executive shall devote substantially all of Executive's working time, attention, and energies to the business of the Company, except during any paid vacation or other excused absence periods. Nothing in this section prevents Executive from COO: (i) engaging in additional activities in connection with personal investments and community affairs. Executive may also serve affairs including service on non-profit boards of directors; (ii) serving as a member of the board of directors or board of advisors of another organization provided (i) such organization is for for-profit organizations that are not a competitor competitors of the Company; (ii) Executive receives prior written approval from the Board; and (iii) serving as an advisor, or as a member of an advisory board of organizations that are not competitors of the Company; provided such activities do not individually or in the aggregate interfere with the performance of Executive's duties under this Agreement, violate the Company's standards of conduct then in effect, effect or raise a conflict under the Company's conflict of interest policies. View More
