Positions and Authority Clause Example with 4 Variations from Business Contracts
This page contains Positions and Authority 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.
Positions and Authority. Executive shall serve in the positions of President and Chief Executive Officer of the Company, or in such other positions as the parties may agree. On the Effective Date, Executive shall continue to serve as a member of the Board of Directors of the Company (the "Board") and, during the Term, the Company shall cause Executive to be nominated for election as a member of the Board. Executive agrees to serve in the officer positions referred to in this Section 2 and continue to serve as a director... of the Company, and to perform diligently and to the best of his abilities the duties and services appertaining to such offices as set forth in the Bylaws of the Company, as well as such additional duties and services appropriate to such offices that the parties may agree upon from time to time. Upon the Effective Date, Executive's principal place of work shall be located in Boston, Massachusetts. During the Term, Executive shall devote Executive's full business time and efforts to the business and affairs of the Company and its subsidiaries, provided that the Executive shall be entitled to serve as a member of the board of directors of a reasonable number of other companies, to serve on civic, charitable, educational, religious, public interest or public service boards, and to manage the Executive's personal and family investments, in each case, to the extent such activities do not materially interfere with the performance of the Executive's duties and responsibilities hereunder. Executive shall not become a director of any for profit entity without first receiving the approval of the Nominating and Corporate Governance Committee of the Board.View More
Variations of a "Positions and Authority" Clause from Business Contracts
Positions and Authority. Executive shall serve in the positions of President and Chief Executive Officer of the Company, Employers, or in such other positions as the parties may agree. On the Effective Date, Executive shall continue to serve as a member of the Board of Directors of the Company (the "Board") and, during for the Term, full term of Executive's employment hereunder, the Company shall cause Executive to be nominated for election as a member of the Board and use its best efforts to secure such election. It is... the Company's expectation that Executive shall be appointed Chairman of the Board at or before the Company's 2017 annual meeting of stockholders. Except as may be otherwise agreed to by Executive, Executive shall also serve as Chief Executive Officer, Chairman of the board of directors and President of each airline operating subsidiary of the Company, and as Chairman of the board of directors of Mileage Plus Holdings, LLC, a subsidiary of the Company. At all times, Executive shall be the highest ranking executive officer of the Employers. Executive shall report solely and exclusively to the Board. The heads of all the Employers' material business units together with any material business units and operating divisions added in the future and all executive officers of the Employers shall report directly to Executive. Without limiting the general authority associated with the positions described in this Section 2, neither the Board, the board of directors of United nor any committee thereof may (i) terminate the employment of any officer who directly reports to Executive (a "Direct Report") without having consulted in good faith with Executive in advance regarding such termination or (ii) appoint a replacement to any such Direct Report without having consulted in good faith with Executive in advance regarding such replacement; provided, that the foregoing clause (i) shall not apply if such termination would constitute a termination for "cause," as such term is defined in the applicable Direct Report's employment agreement or applicable employment, severance or human resources policy maintained by the Employers as of the date of such termination. Neither the Board, the Board of Directors of United nor any other officer or representative of the Employers shall assign to Executive any duties materially inconsistent with the duties associated with the positions described in this Section 2. The Company shall not permit the occurrence of acts or conduct on the part of the Employers, the Board, or the Employers' officers, representatives or stockholders which prevent Executive from, or substantively hinder Executive in, performing his duties or responsibilities pursuant to this Agreement. Executive agrees to serve in the officer positions referred to in this Section 2 and continue to serve as a director of the Company, and to perform diligently and to the best of his abilities the duties and services appertaining to such offices as set forth in the Bylaws of the Company, Company in effect on the Effective Date, as well as such additional duties and services appropriate to such offices that the parties may agree upon from time to time. Upon the Effective Date, Executive's principal place of work shall be located in Boston, Massachusetts. Chicago, Illinois. During the Term, Employment Period, Executive shall devote Executive's his full business time and efforts to the business and affairs of the Company and its subsidiaries, provided that the Executive shall be entitled to serve as a member of the board of directors of a reasonable number of other companies, to serve on civic, charitable, educational, religious, public interest or public service boards, and to manage the Executive's personal and family investments, in each case, to the extent such activities do not materially interfere with the performance of the Executive's duties and responsibilities hereunder. Executive shall not become a director of any for profit entity without first receiving the approval of the Nominating and Corporate Governance Nominating/Governance Committee of the Board. Board, which shall not be unreasonably withheld. View More
Positions and Authority. Executive You shall serve in the positions of President and Chief Executive Officer of the Company, or in such other positions as the parties Parties may agree. On the Effective Date, Executive You shall continue to serve as a member of the Board of Directors of the Company (the "Board") and, during the Term, Your service as President and Chief Executive Officer, the Company shall cause Executive You to be nominated for election as a member of the Board. Executive agrees You agree to serve in th...e officer positions referred to in this Section 2 and continue to serve as a director of the Company, if elected or reelected by the stockholders of the Company, and to perform diligently and to the best of his Your abilities the duties and services appertaining pertaining to such offices as set forth in the Bylaws of the Company, as well as such additional duties and services appropriate to such offices that the parties Parties may agree upon from time to time. Upon the Effective Date, Executive's Your principal place of work shall be located in Boston, Massachusetts. Wilmington, North Carolina, subject to business travel as reasonably necessary in the performance of Your duties for the Company. During the Term, Executive You shall devote Executive's Your full business time and efforts to the business and affairs of the Company and its subsidiaries, provided that the Executive You shall be entitled to serve as a member of the board of directors of a reasonable number of other companies, to serve on civic, charitable, educational, religious, public interest or public service boards, and to manage the Executive's Your personal and family investments, in each case, to the extent such activities do not materially 1 interfere with the performance of the Executive's Your duties and responsibilities hereunder. Executive You shall not become a director of any for profit entity without first receiving the approval of the Nominating and Corporate Governance Committee of the Board. View More
Positions and Authority. Executive shall serve in the positions position of President and Chief Executive Officer of the Company, or in such other positions as the parties may agree. On the Effective Date, Executive shall continue Employer, reporting to serve as a member of the Board of Directors of the Company (the "Board") and, during or in such other positions as the Term, the Company shall cause Executive to be nominated for election as a member of the Board. Parties may agree. Executive agrees to serve in the offic...er positions position referred to in this Section 2 and continue to serve as a director of the Company, and to perform diligently and to the best of his abilities the duties and services appertaining to such offices as set forth in the Bylaws of the Company, Company in effect from time to time, as well as such additional duties and services appropriate to such offices that the parties Parties may agree upon from time to time. Upon the Effective Date, Executive's principal place of work shall be located in Boston, Massachusetts. During the Term, Employment Period, Executive shall devote Executive's his full business time and efforts to the business and affairs of the Company and its subsidiaries, provided that the Executive shall be entitled to serve as a member of the board of directors of a reasonable number of other companies, to serve on civic, charitable, educational, religious, public interest or public service boards, and to manage the Executive's personal and family investments, in each case, to the extent such activities do not materially interfere with the performance of the Executive's duties and responsibilities hereunder. Executive shall not become a director of any for profit entity without first receiving the approval of the Nominating and Corporate Governance Committee of the Board. Board, which shall not be unreasonably withheld. View More
Positions and Authority. Executive shall serve in the positions position of President and Senior Vice President, Chief Executive Financial Officer of the Company, or in such other positions position as the parties may agree. On the Effective Date, Executive shall continue to serve as a member of the Board of Directors of the Company (the "Board") and, during the Term, the Company shall cause Executive to be nominated for election as a member of the Board. Executive agrees to serve in the officer positions position refer...red to in this Section 2 and continue to serve as a director of the Company, 2, and to perform diligently and to the best of his abilities the duties and services appertaining to such offices as set forth in the Bylaws of the Company, as well as such additional duties and services appropriate to such offices that the parties may agree upon from time to time. Upon the Effective Date, Executive's principal place of work shall be located in Boston, Massachusetts. During the Term, Executive shall devote Executive's full business time and efforts to the business and affairs of the Company and its subsidiaries, provided that the Executive shall be entitled to serve as a member of the board of directors of a reasonable number of other companies, to serve on civic, charitable, educational, religious, public interest or public service boards, and to manage the Executive's personal and family investments, in each case, to the extent such activities do not materially interfere with the performance of the Executive's duties and responsibilities hereunder. Executive shall not become a director of any for profit entity without first receiving the approval of the Nominating and Corporate Governance Committee Chief Executive Officer of the Board. Company. View More
