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 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 Interim Chief Executive Officer, Officer and President (the "ICEO"), with responsibilities, duties, and authority usual and customary for such position, subject to direction by a Chief Executive Officer and President. During Executi...ve's employment with the Company'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 Term of Employment (as defined below) 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 Board; 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 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. (d) Board Membership. Executive is currently a member of the Board and shall continue to serve in that capacity during the term of this Agreement, unless Executive is otherwise removed by the stockholders of the Company in accordance with applicable law and the Company's charter and bylaws or Executive resigns from membership on the Board. 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, 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 Company'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
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 Senior Vice President and Chief Executive Technology Officer, Head of Target Discovery and External Innovation, with responsibilities, duties, and authority usual and customary for such position, subject to direction by the Company's Board Chief Exec...utive Officer of Directors the Company (the "Board"); "CEO"); (ii) shall continue to report directly to the Board; CEO or the 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 Senior Vice President and Chief Executive Officer. Technology Officer, Head of Target Discovery and External Innovation. 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) South San Francisco, California or San Diego, California, or, with the Company's consent, at any other place in connection with the fulfillment of Executive's role with the Company (collectively, "Principal Offices"); 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 CEO (which the Board 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; Company's 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 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 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 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 Senior Vice President, Head of Biology and Chief Executive Officer, Translational Sciences, with responsibilities, duties, and authority usual and customary for such position, subject to direction by the Company's Board Chief Executive Offi...cer of Directors the Company (the "Board"); "CEO"); (ii) shall continue to report directly to the Board; CEO or the 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 Senior Vice President, Head of Biology and Chief Executive Officer. Translational Sciences. 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) South 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 CEO (which the Board 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; Company's 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 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 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 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, Accounting Officer (CAO), with responsibilities, duties, and authority usual and customary for such position, subject to direction by the Company's Board Chief Financial Officer of Directors the Company (the "Bo...ard"); "CFO"); (ii) shall continue to report directly to the Board; CFO; 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. Accounting Officer (CAO). 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 Jose, 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. 1 (d) Exclusivity. Except with the prior written approval of the Board Chief Executive Officer of the Company (the "CEO") (which the Board CEO may grant or withhold in its the CEO's 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; Company's 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 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 CEO's revocation of such approval in the CEO's 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 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 Senior Vice President and Chief Executive Scientific Officer, Head of Research, with responsibilities, duties, and authority usual and customary for such position, subject to direction by the Company's Board Chief Executive Officer of Directors the C...ompany (the "Board"); "CEO"); (ii) shall continue to report directly to the Board; CEO or the 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 Senior Vice President and Chief Executive Officer. Scientific Officer, Head of Research. 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) South 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 CEO (which the Board 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; Company's 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 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 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 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 Senior Vice President and Chief Executive Medical Officer, Head of Development, with responsibilities, duties, and authority usual and customary for such position, subject to direction by the Company's Board Chief Executive Officer of Directors the C...ompany (the "Board"); "CEO"); (ii) shall continue to report directly to the Board; CEO or the 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 Senior Vice President and Chief Executive Officer. Medical Officer, Head of Development. 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) South 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 CEO (which the Board 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; Company's 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 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 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 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 Senior Vice President, General Counsel and Chief Executive Officer, Head of Operations, with responsibilities, duties, and authority usual and customary for such position, subject to direction by the Company's Board Chief Executive Officer ...of Directors the Company (the "Board"); "CEO"); (ii) shall continue to report directly to the Board; CEO or the 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 Senior Vice President, General Counsel and Chief Executive Officer. Head of Operations. 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) South 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 CEO (which the Board 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; Company's 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 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 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 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 Operating Officer, with responsibilities, duties, and authority usual and customary for such position, subject to direction by the Company's Board Chief Executive Officer of Directors the Company (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, 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 Operating 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) Nashville, TN, 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. 1 (d) Exclusivity. Except with the prior written approval of the Board CEO (which the Board CEO may grant or withhold in its the CEO's 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; Company's 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 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 CEO's revocation of such approval in the CEO's 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
