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 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 "Board"); (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 Scientific Officer, with responsibilities, duties, and authority usual and customary for such position, position subject to direction by the Company's Board of Directors Chief Executive Officer (the "Boar...d"); (ii) "CEO"). During Executive's employment with the Company, Executive shall continue to report directly to the Board; CEO 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 CEO; 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 CEO: (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 1 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 Officer, Operating Officer ("COO"), with responsibilities, duties, and authority usual and customary for such position, position subject to direction by the Company's Board of Directors Chief Executive Of...ficer (the "Board"); (ii) "CEO"). During Executive's employment with the Company, Executive shall continue to report directly to the Board; CEO 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 CEO; 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 CEO: (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 Financial Officer, on a 50% capacity basis, with responsibilities, duties, and authority usual and customary for such position, position subject to direction by the Company's Board of Directors Chief Exec...utive Officer (the "Board"); (ii) "CEO"). During Executive's employment with the Company, Executive shall continue to report directly to the Board; CEO 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 CEO; 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 CEO: (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 Scientific Officer, with responsibilities, duties, and authority usual and customary for such position, position subject to direction by the Company's Board of Directors Chief Executive Officer (the "Board"); (ii) "C...EO"). During Executive's employment with the Company, Executive shall continue to report directly to the Board; CEO 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 CEO; 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 CEO: (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. 1 2. Term. The period of Executive's employment under this Agreement shall commence on the Effective Date and shall continue until Executive's employment with the Company is terminated. The phrase "Term of Employment" as used in this Agreement shall refer to the entire period of employment of Executive by the Company. 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 Officer, Operating Officer ("COO"), with responsibilities, duties, and authority usual and customary for such position, position subject to direction by the Company's Board of Directors Chief Executive Officer (the "...Board"); (ii) "CEO"). During Executive's employment with the Company, Executive shall continue to report directly to the Board; CEO 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 CEO; 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 CEO: (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, Date (as defined above), Executive: (i) shall continue to serve as the Company's President Chief Operating Officer and Chief Executive Officer, of Staff, with responsibilities, duties, and authority usual and customary for such position, subject to direction by the Company's Board of Directors (the "Board"); Bo...ard; (ii) shall continue to report directly to the Board; Company's Chief Executive Officer; and (iii) agrees promptly and faithfully to comply with (i) all reasonable and lawful directions and requests of the Board or a designated Committee thereof' and (ii) all present and future policies, requirements, rules and regulations, and reasonable directions and requests, policies 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 Chief Operating Officer and Chief Executive Officer. of Staff. 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 service beyond that specified in this Agreement. (c) Performance Schedule. While this Agreement is in effect, Executive is expected to work the equivalent of 60% of a full-time schedule, which typically will equate to three (3) days per week devoted to Executive's Duties. work for the Company. During Executive's employment with the schedule established by the Company, Executive will devote his best efforts and except for periods substantially all of illness, vacation, disability, or reasonable leaves of absence or as discussed in Section 1(e), Executive shall devote Executive's full his business time and attention to the business and affairs of the Company pursuant Company. As a part-time exempt employee, Executive will be expected to work his part-time schedule and such additional time as may be required by the general direction nature of the Board. The rights of Executive's work assignments. Executive under this Agreement shall will not be affected by any change in the title, duties, or capacity of Executive during Executive's employment with the Company. eligible for overtime compensation. (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), during the schedule established by the Company Executive shall devote substantially all of Executive's his 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 (i) engaging in additional activities in connection with personal investments and community affairs. Executive may also serve affairs, and (ii) serving as a member of the board of directors or board of advisors of another organization provided (i) such organization is no more than three (3) organizations that are not a competitor of the Company; (ii) Executive receives prior written approval from Company and is approved by the Board; and (iii) 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, comply with the Company's insider trading policies, 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 Medical Officer, with responsibilities, duties, and authority usual and customary for such position, position subject to direction by the Company's Board of Directors Chief Executive Officer (the "Board")...; (ii) "CEO"). During Executive's employment with the Company, Executive shall continue to report directly to the Board; CEO 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 CEO; 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 CEO: (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 Financial Officer, on a 50% capacity basis, with responsibilities, duties, and authority usual and customary for such position, position subject to direction by the Company's Board of Directors Chief Executive Office...r (the "Board"); (ii) "CEO"). During Executive's employment with the Company, Executive shall continue to report directly to the Board; CEO 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 CEO; 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 CEO: (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 Officer, Officer ("CEO") and President, with responsibilities, duties, and authority usual and customary for such position, subject to direction by positions. During Executive's employment with the Compan...y's Board of Directors (the "Board"); (ii) Company, Executive shall continue to report directly to the Board; Board of Directors of the Company (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 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 Company; provided that nothing herein shall preclude Executive from, subject to the general direction prior consent 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 Board: (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
