Employment Contract Clauses (4,827)

Employment. (a) Title and Duties. Subject to the terms and conditions of this Agreement, the Company will employ you, and you will be employed by the Company, on an "at-will" basis, as Senior Vice President, Chief Financial Officer & Treasurer and such additional or different position or positions as the Board of Directors of the Company (the "Board") may determine in its sole discretion, reporting to Jaime Ellertson, Chairman and Chief Executive Officer or his direct designate. You shall do and perform all... services, acts or things necessary or advisable to manage and conduct the business of the Company and which are normally associated with your position and as further described in Schedule 1 attached hereto. (b) Full Time Best Efforts. For so long as you are employed hereunder, you will devote substantially all of your business time and energies to the business and affairs of the Company, and shall at all times faithfully, industriously and to the best of your ability, experience and talent, perform all of your duties and responsibilities hereunder. In furtherance of, and not in limitation of the foregoing, during the term of this Agreement, you further agree that you shall not render commercial or professional services of any nature, including as a founder, advisor, or a member of a board of directors, to any person or organization, whether or not for compensation, if such services would materially interfere with your duties under this Agreement, without the prior approval of the Chief Executive Officer in his sole discretion; provided, however, that nothing contained in this Section 1 (c) will be deemed to prevent or limit your right to (i) manage your personal investments on your own personal time or (ii) participate in religious, charitable or civic organizations in any capacity on your own personal time. As set forth above, your employment with the Company is "at-will," and, accordingly, either you or the Company may terminate your employment at any time, with or without cause, for any reason or no reason. (c) Location. Unless the parties hereto otherwise agree in writing, during the term of this Agreement, you shall perform the services required to be performed pursuant to this Agreement at the Company's Burlington, Massachusetts offices. In addition, the Company may, from time to time require you to travel temporarily to other locations in connection with the Company's business. View More

Employment. Executive will serve as the Company's Senior Vice President and Chief Strategy Officer or such other management positions with the Company or an Affiliate as may be assigned by the Company (the "Employment"). Executive will perform duties consistent with those positions as assigned to Executive from time to time by the Company's Chief Executive Officer and will comply with all Company policies. The Employment will be full time and Executive's entire business time and efforts will be devoted to t...he Employment, except that Executive may oversee passive investments and may serve on boards of directors of non-profit organizations, and with written approval of the Company's Board of Directors may serve on boards of directors of for-profit organizations, that are not competitive with the Company or an Affiliate, provided that such activities do not impair Executive's full-time services under this Agreement or constitute a conflict of interest. View More

Employment. Pursuant to the terms and conditions of this Agreement, the Bank agrees to employ the Executive and the Executive agrees to render services to the Bank as set forth herein. Upon signing this Agreement, the Executive represents and warrants to the Bank that the Executive has the full right and authority to perform all services required of the Executive during the term of this Agreement and that such service by the Executive to the Bank does not and will not constitute a breach of any contract or ...legal obligation that the Executive may have to any other party. View More

Employment. (a) The Employer and Executive agree that, upon the Effective Date, Executive shall be employed as Chief Executive Officer of Xenith and Chief Executive Officer of HoldCo, and shall perform such services commensurate with those titles, for each as may be assigned to the Executive by the Boards of Directors of Xenith or HoldCo (collectively, the "Board") from time to time in accordance with the terms and conditions set forth in this Agreement. (b) The term of this Agreement shall commence on the ...Effective Date and, subject to Section 5(a) of this Agreement, shall expire on the third anniversary of the Effective Date, unless sooner terminated in accordance with the provisions of Section 5 of this Agreement (the "Term"). On the third anniversary of the Effective Date and on each anniversary thereafter, the Term shall be extended for an additional one year unless the Employer shall deliver written notice to the contrary to Executive not less than ninety (90) days prior to the end of the Term. In the event the Employer provides the written notice described in the preceding sentence, yet Executive's employment with the Employer continues after the expiration of the Term, Executive's post-expiration employment will be at will. If the Executive is offered post-expiration employment on substantially similar financial terms, and refuses such employment, he will not be entitled to any severance as a result of the expiration of this Agreement and 1 If the name change is not approved and the current name(s) are retained, or other name(s) adopted, the appropriate name(s) shall be substituted herein as warranted. 1 termination of employment. If the Executive continues employment post-expiration on an at-will basis, the Employer shall have no severance obligation under Section 5 of this Agreement in the event of termination of employment unless otherwise agreed upon by the Employer and the Executive. (c) This Agreement has no effect before the Effective Date. View More

Employment. (a) Position and Duties. The Company hereby agrees to employ Executive, and Executive hereby agrees to serve, subject to the provisions of this Agreement, as an employee of the Company in the position of Co-Chief Executive Officer. Executive shall perform all services and acts necessary to fulfill the duties and responsibilities of his position and shall render such services on the terms set forth herein and shall report to the Company's Board of Directors (the "Board of Directors"). In addition..., Executive shall have such other executive and managerial powers and duties with respect to the Company as may reasonably be assigned to him by the Board of Directors, to the extent consistent with his positions and status as set forth above. During the Term (as defined below), the Company shall cause Executive to be nominated to stand for election to the Board of Directors at any meeting of stockholders of the Company during which any such election is held and Executive's term as a director will expire if he is not reelected; provided, however, that the Company shall not be obligated to cause such nomination if any of the events constituting Cause (as defined below) have occurred and not been cured or the Executive ceases to serve as the Company's Co-Chief Executive Officer. Executive hereby consents to serve as an officer and/or director of the Company or any subsidiary or affiliate thereof without any additional salary or compensation, if so requested by the Board of Directors. (b) Time Commitment. Executive agrees to devote substantially all of his business time, attention and energies to the performance of the duties assigned hereunder, and to perform such duties diligently, faithfully and to the best of his abilities. Subject to the terms of Section 12 below, this shall not preclude Executive from devoting time to personal and family investments or serving on community and civic boards, or participating in industry associations, provided such activities do not interfere with his duties to the Company, as determined in good faith by the Board of Directors. Executive agrees that he will not join any additional boards, other than community and civic boards (which do not interfere with his duties to the Company), without the prior approval of the Board of Directors. Executive's current board positions are (all private companies) TerraLux, an LED company, and Ioxus, an ultracapacitor company. Executive shall be subject to and comply with the policies and procedures generally applicable to officers of the Company to the extent the same are not inconsistent with any term of this Agreement. View More

Employment. Subject to the terms set forth herein, the Company and the Bank agree to employ Executive as Senior Executive Vice President and Chief Financial Officer of the Company and the Bank, and Executive hereby accepts such employment. As Senior Executive Vice President and Chief Financial Officer of the Company and the Bank, Executive shall have such authority, perform such duties, and fulfill such responsibilities commonly incident to such positions, as well as those that are delegated to Executive by... the Chief Executive Officer of the Bank. While employed, Executive shall report to the Chief Executive Officer, and Executive shall devote his full business time and attention to the business and affairs of the Company and the Bank, and shall use his best efforts to advance the interests of the Company and the Bank; provided that, Executive may engage in outside activities in accordance with Section 5. View More

Employment. Upon the Effective Date, Employer shall continue to employ and Executive agrees to continue to be employed as Employer's Chief Financial Officer, and to perform such different or other duties as may be assigned to Executive by Employer from time to time by Employer's Chief Executive Officer ("CEO"). Executive will devote Executive's full working time and best efforts to the diligent and faithful performance of such duties as may be entrusted to Executive from time to time by Employer and shall o...bserve and abide by the corporate policies and decisions of Employer in all business matters. View More

Employment. (a) Position and Reporting. Executive shall be employed as the President and Chief Operating Officer of the Bank, and shall report directly to the Chairman and Chief Executive Officer of the Bank. (b) Authority and Duties. Executive shall perform such executive services for the Bank consistent with Executive's position, as from time to time assigned to Executive by Chairman and Chief Executive Officer. Executive shall devote Executive's entire business time, attention, skill and energy exclusive...ly to the business of the Bank. Executive shall not engage or prepare to engage in any other business activity, whether or not such business activity is pursued for gain, profit or other economic or financial advantage without the prior written consent of Chairman and Chief Executive Officer; provided, however, that Executive may engage in appropriate civic, charitable or religious activities and devote a reasonable amount of time to private investments or boards or other activities provided that such activities do not interfere or conflict with Executive's responsibilities and are not contrary to the Bank's interests. Executive shall not directly or indirectly acquire, hold, or retain any beneficial interest in any business competing with or similar in nature to the business of the Bank except passive shareholder investments in other financial institutions and their respective affiliates which do not exceed three percent (3%) of the outstanding voting securities in the aggregate in any single financial institution and its affiliates on a consolidated basis. View More

Employment. The Executive will be employed by the Company as Chief Executive Officer. The Executive will report to the Board of Directors of the Company (the "Board") and shall perform such duties as are consistent with his position as Chief Executive Officer (as applicable, the "Services"). The Executive agrees to perform such duties faithfully, to devote all of his working time, attention and energies to the business of the Company, and while he remains employed by the Company, not to engage in any other ...business activity that is in conflict with his duties and obligations to the Company. View More

Employment. (a) Term. The Company shall employ you and you shall be employed by the Company pursuant to this Agreement commencing as of the Effective Date and continuing until such employment is terminated in accordance with the provisions hereof (the "Term"). Your employment with the Company will continue to be "at will," meaning that your employment may be terminated by the Company or you at any time and for any reason subject to the terms of this Agreement. (b) Position and Duties. You shall serve as the... President of the Company and shall have such powers and duties as may from time to time be prescribed by the Chief Executive Officer (the "CEO") You shall devote your full working time and efforts to the business and affairs of the Company. Notwithstanding the foregoing, you may serve on other boards of directors, with the approval of the CEO, or engage in religious, charitable or other community activities as long as such services and activities are disclosed to the Board and do not interfere with your performance of your duties to the Company. View More