Positions and Duties Clause Example with 5 Variations from Business Contracts
This page contains Positions and Duties 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 Duties. 1.1 POSITION AND TITLE. The Company hereby hires Employee to serve as the Chief Credit Officer of the Company. (a) LIMITS ON AUTHORITY. Employee shall, to the best of his abilities, perform his duties in such capacity pursuant to this Agreement in compliance with applicable law, consistent with such direction as the Company provides to Employee from time to time, and in accordance with Company's policies and procedures as published from time to time. (b) REPORTING AND AUTHORITY. Employee shall r...eport to the Company as directed by the Company. Subject to the directions of the Company, Employee shall have full authority and responsibility for supervising and managing to the best of his ability, the daily affairs in his scope of work or as assigned including but not limited to: (i) presenting to the Company all business opportunities that come to his attention that are reasonably in the scope of business of the Company; (ii) working with the Company to develop and approve business objectives, policies and plans that improve the Company's profitability; (iii) communicating business objectives and plans to subordinates, (iv) ensuring that plans and policies are promulgated to and implemented by subordinate managers, (v) ensuring that each business plan provides those functions required for achieving its business objectives and that each plan is properly organized, staffed and directed to fulfill its responsibilities, (vi) assisting the Company in directing periodic reviews of the Company's strategic position and combining this information with corollary analysis of the Company's production and financial resources, (vii) providing periodic financial information concerning the operations of the projects and growth plans to the Company, and (viii) ensuring that the operation of the projects comply with applicable laws. CFB Employment Agreement 1 1.2 ACCEPTANCE. Employee hereby accepts employment by the Company in the capacity set forth in Section 1.1, above, and agrees to perform the duties of such position from and after the Effective Date of this Agreement in a diligent, efficient, trustworthy, and businesslike manner. Employee agrees that, to the best of the Employee's ability and experience, Employee at all times shall loyally and conscientiously discharge all of the duties and responsibilities imposed upon Employee pursuant to this Agreement. 1.3 BUSINESS TIME. Employee shall devote his exclusive business time to the performance of his duties to the Company under Section 1.1 and elsewhere in this Agreement. Employee shall not undertake any activities that conflict with or significantly detract from his primary duties to the Company. 1.4 LOCATION. Employee shall perform his duties under this Agreement primarily in Leawood, Kansas and potentially other regions of the United States where the Company, or its Affiliated Companies, are active in conducting banking and other related service activities. Employee acknowledges and agrees that from time to time he shall be required to travel (at the cost and expense of the Company) to such other locations in order to discharge his duties under this Agreement. 1.5 TERM. The term of this Agreement commenced as of the Effective Date and shall be for a term of three (3) years, which term shall thereafter automatically renew for successive one (1) year terms unless: i) Company or Employee serve a Notice of Termination upon the other party of intent to not renew the term of this Agreement within thirty (30) days prior to the ensuing termination date, or ii) earlier terminated in accordance with Section 3, below. 1.6 INVESTMENT IN THE CROSSFIRST HOLDINGS, LLC. The Board of Directors of the Company believes that it will be essential for Employee to participate in the Company's future growth as an equity stakeholder as well as an employee. As a condition to Employees employment with the Company, Employee will be expected to acquire within three (3) months of the Effective Date of his employment $200,000.00 worth of Membership Units of the Company's Holding Company, Crossfirst Holdings, LLC, ("Required Units"), under the terms of the Membership Unit Purchase Agreement between the Employee and Company. As a condition of Employee's continued employment with the Company, Employee shall not sell or transfer any Required Units without the prior consent of the Committee.View More
Variations of a "Positions and Duties" Clause from Business Contracts
Positions and Duties. 1.1 POSITION AND TITLE. The Company hereby hires Employee to serve as the Chief Credit Executive Officer of the Company. (a) LIMITS ON AUTHORITY. Limits on Authority. Employee shall, to the best of his abilities, shall perform his duties in such capacity as Chief Executive Officer of the Company pursuant to this Agreement in compliance with applicable law, consistent with such direction as the Company Company's Board of Directors provides to Employee from time to time, and in accordance with Com...pany's policies and procedures as published from time to time. (b) REPORTING AND AUTHORITY. Annual Reviews. Following each annual anniversary of the Effective Date of this Agreement, the Board of Directors may review Employee's performance of his duties pursuant to this Agreement and advise Employee of the results of that review. (c) Reporting and Authority. Employee shall report to the Company as directed by the Company. Company's Board of Directors. Subject to the directions power and authority of the Company's Board of Directors to govern the affairs of the Company, Employee shall have full authority and responsibility for supervising and managing to the best of his ability, the daily affairs in his scope of work or as assigned including but not limited to: (i) presenting to the Company all business opportunities that come to his attention that are reasonably in the scope of business of the Company; (ii) Company, including (i) working with the Company Company's Board of Directors to develop and approve business objectives, policies and plans that improve the Company's profitability; (iii) profit and growth objectives, (ii) communicating business objectives and plans to subordinates, (iv) within the Company, (iii) ensuring that plans and policies are promulgated to and implemented by subordinate managers, (iv) directing operations to achieve planned performance goals and developing management systems to effectively control each Company unit, (v) ensuring that each business plan operating unit provides those functions required for achieving its business objectives and that each plan unit is properly organized, staffed and directed to fulfill its responsibilities, (vi) assisting developing the organization and personnel, products, facilities, technology, and appropriate financial resources to secure the position of the Company in and to facilitate its planned development, (vii) directing periodic reviews of the Company's strategic market position and combining this information with corollary analysis of the Company's production products and financial resources, (vii) (viii) providing periodic financial information concerning the operations of the projects business, human resources and sales growth plans to the Company, Company's Board of Directors, and (viii) (ix) ensuring that the operation of the projects comply Company complies with applicable laws. CFB Employment Agreement 1 1.2 ACCEPTANCE. Acceptance. Employee hereby accepts employment by the Company in the capacity set forth in Section 1.1, 1.1 , above, and agrees to perform the duties of such position from and after the Effective Date of this Agreement in a diligent, efficient, trustworthy, and businesslike manner. Employee agrees that, to the best of the Employee's ability and experience, Employee at all times shall loyally and conscientiously discharge all of the duties and responsibilities imposed upon Employee pursuant to this Agreement. 1.3 BUSINESS TIME. Business Time. Employee shall devote his exclusive business time to the performance of his duties under this Agreement. Except with the prior written approval of the Board of Directors of the Company, Employee may not be employed by or provide paid consulting services to any business enterprise other than the Company under Section 1.1 and elsewhere in this Agreement. Employee shall not undertake any activities that conflict with or significantly detract from his primary duties to the Company. its affiliates. 1.4 LOCATION. Location. Employee shall perform his duties under this Agreement primarily from the offices maintained by Employee in Leawood, Kansas San Antonio, Texas, and potentially other regions of from the United States where the Company, or its Affiliated Companies, are active Company's offices in conducting banking and other related service activities. Kansas. Employee acknowledges and agrees that from time to time he shall be required to travel (at the cost and expense of the Company) to such other locations outside of San Antonio, Texas, and the location of the Company's offices in Kansas, in order to discharge his duties under this Agreement. 1.5 TERM. Term. The term of this Agreement commenced shall commence as of the Effective Date and shall be for a term of three (3) years, which term shall thereafter automatically renew for successive one (1) year terms unless: i) Company or Employee serve a Notice of Termination upon the other party of intent expire on December 31, 2014, subject to not renew the term of this Agreement within thirty (30) days prior sooner termination pursuant to the ensuing termination date, or ii) earlier terminated in accordance with Section 3, 4, below. 1.6 INVESTMENT IN THE CROSSFIRST HOLDINGS, LLC. The Board of Directors of the Company believes that it will be essential for Employee to participate in the Company's future growth as an equity stakeholder as well as an employee. As a condition to Employees employment with the Company, Employee will be expected to acquire within three (3) months of the Effective Date of his employment $200,000.00 worth of Membership Units of the Company's Holding Company, Crossfirst Holdings, LLC, ("Required Units"), under the terms of the Membership Unit Purchase Agreement between the Employee and Company. As a condition of Employee's continued employment with the Company, Employee shall not sell or transfer any Required Units without the prior consent of the Committee.View More
Positions and Duties. 1.1 POSITION AND TITLE. The Company hereby hires Employee to serve as the Managing Partner, Chief Credit Officer of the Company. (a) LIMITS Technology Officer.a.LIMITS ON AUTHORITY. Employee shall, to the best of his her abilities, perform his her duties in such capacity pursuant to this Agreement in compliance with applicable law, consistent with such direction as the Company provides to Employee from time to time, and in accordance with Company's policies and procedures as published from time ...to time. (b) REPORTING time.b.REPORTING AND AUTHORITY. Employee shall report to the Company as directed by the Company. Subject to the directions of the Company, Employee shall have full authority and responsibility for supervising and managing to the best of his her ability, the daily affairs in his her scope of work or as assigned including but not limited to: (i) presenting to the Company all business opportunities that come to his attention that are reasonably provide strategic technology leadership with an integral role in the scope growth and continued development of business of the Company; digital services and automation and data strategies (ii) working with the Company to develop and approve business objectives, policies and plans that improve the Company's profitability; (iii) communicating business objectives and plans to subordinates, (iv) ensuring that plans and policies are promulgated to and implemented by subordinate managers, (v) ensuring that each business plan provides those functions required for achieving its business objectives and that each plan is properly organized, staffed and directed to fulfill its responsibilities, (vi) assisting working with the Company in directing periodic reviews of to ensure the Company's strategic position technology strategy meets the long-term business strategy (v) identifying technology investment and combining this information with corollary analysis of innovation opportunities and managing the Company's production and financial resources, (vii) internal data environment to support data analytics solutions, (vi) providing periodic financial information concerning the operations of the projects and growth plans to the Company, and (viii) (vii) ensuring that the operation of the projects comply with applicable laws. CFB Employment Agreement 1 1.2 laws.1.2 ACCEPTANCE. Employee hereby accepts employment by the Company in the capacity set forth in Section 1.1, above, and agrees to perform the duties of such position from and after the Effective Date of this Agreement in a diligent, efficient, trustworthy, and businesslike manner. Employee agrees that, to the best of the Employee's ability and experience, Employee at all times shall loyally and 1 conscientiously discharge all of the duties and responsibilities imposed upon Employee pursuant to this Agreement. 1.3 Agreement.1.3 BUSINESS TIME. Employee shall devote his her exclusive business time to the performance of his her duties to the Company under Section 1.1 and elsewhere in this Agreement. Employee shall not undertake any activities that conflict with or significantly detract from his her primary duties to the Company. 1.4 Company.1.4 LOCATION. Employee shall perform his her duties under this Agreement primarily in Leawood, Kansas and potentially other regions of the United States where the Company, or its Affiliated Companies, are active in conducting banking and other related service activities. Employee acknowledges and agrees that from time to time he she shall be required to travel (at the cost and expense of the Company) to such other locations in order to discharge his her duties under this Agreement. 1.5 TERM. The term of this Agreement commenced as of the Effective Date and shall be for a term of three (3) two (2) years, which term shall thereafter automatically renew for successive one (1) year terms unless: i) Company or Employee serve a Notice of Termination upon the other party of intent to not renew the term of this Agreement within thirty (30) days prior to the ensuing termination date, or ii) earlier terminated in accordance with Section 3, below. 1.6 INVESTMENT IN THE CROSSFIRST HOLDINGS, LLC. below.1.6 STOCKHOLDING REQUIREMENT. The Board of Directors of the Company believes that it will be essential for Employee to participate in the Company's future growth as an equity stakeholder as well as an employee. As a condition to Employees Employee's employment with the Company, Employee will be expected required to acquire within three (3) months hold a minimum of the Effective Date of his employment $200,000.00 two hundred thousand dollars ($200,000) worth of Membership Units of the Company's Holding Company, Crossfirst Holdings, LLC, Company stock ("Required Units"), under the terms of the Membership Unit Purchase Agreement between the Employee and Company. Stock"). As a condition of Employee's continued employment with the Company, Employee shall not sell or transfer any Required Units Stock without the prior consent of the Committee. Compensation Committee of the Board of Directors (the "Compensation Committee"). In the event Employee fails to hold sufficient Company stock with a value equal to or in excess of the required minimum value for more than ninety (90) consecutive days, and unless such requirement is waived by the Compensation Committee, Employee shall be deemed to be in material breach of this Agreement. Employee will have three years from the date hereof to reach the Required Stock threshold. View More
Positions and Duties. 1.1 POSITION POSITION, TITLE AND TITLE. DUTIES. The Company hereby hires Employee to serve as the Chief Credit Officer Chairman and CEO of the Company. Employee's primary duty is to direct the strategic and operational growth of the Company and its subsidiary, CrossFirst Bank. Employee will also serve as a director of the Company but will not be paid fees for serving as a director. (a) LIMITS ON AUTHORITY. Employee shall, to the best of his abilities, perform his duties in such capacity pursuant... to this Agreement in compliance with applicable law, consistent with such direction as the Company provides to Employee from time to time, and in accordance with Company's policies and procedures as published from time to time. (b) REPORTING AND AUTHORITY. Employee shall report to the Company as directed by the Company. Subject to the directions of the Company, Board of Directors of the Company (the "Board of Directors"), Employee shall have full authority and responsibility for supervising and managing managing, to the best of his ability, the daily affairs in his scope of work or as assigned the Company, including but not limited to: (i) presenting to the Company all business opportunities that come to his attention that are reasonably in the scope of business of the Company; (ii) working with the Company to develop and approve business objectives, policies and plans that improve the Company's profitability; long-term profitability, and consequently improve the value and liquidity of shareholder holdings; (iii) communicating business objectives and plans to subordinates, (iv) ensuring that plans and policies are promulgated to and implemented by subordinate managers, (v) ensuring that each business plan provides those functions required for achieving its business objectives and that each plan is properly organized, staffed and directed to fulfill its responsibilities, (vi) assisting the Company in directing periodic reviews of the Company's strategic position and combining this information with corollary analysis of the Company's production and financial resources, (vii) providing periodic financial information concerning the operations of the projects and growth plans to the Company, (viii) assisting the Company in developing and (viii) maintaining succession plans and management personnel for the Company and its Affiliated Companies; and (ix) ensuring that the operation of the projects comply with applicable laws. CFB Employment Agreement 1 1.2 ACCEPTANCE. Employee hereby accepts employment by the Company in the capacity set forth in Section 1.1, above, and agrees to perform the duties of such position from and after the Effective Date of this Agreement in a diligent, efficient, trustworthy, and businesslike manner. Employee agrees that, to the best of the Employee's ability and experience, Employee at all times shall loyally and conscientiously discharge all of the duties and responsibilities imposed upon Employee pursuant to this Agreement. 1.3 BUSINESS TIME. Employee shall devote his exclusive business time to the performance of his duties to the Company under Section 1.1 and elsewhere in this Agreement. Employee shall not undertake any activities that conflict with or significantly detract from his primary duties to the Company. 1.4 LOCATION. Employee shall perform his duties under this Agreement primarily in Leawood, the greater Kansas City and Dallas, Texas areas and potentially other regions of the United States where the Company, or its Affiliated Companies, are active in conducting banking and other related service activities. Employee acknowledges and agrees that from time to time he shall be required to travel (at the cost and expense of the Company) to such other locations in order to discharge his duties under this Agreement. 1.5 TERM. The term of this Agreement commenced as of the Effective Date and shall be for a term of three (3) years, which term shall thereafter automatically renew for successive one (1) year terms unless: i) Company or Employee serve a Notice of Termination upon the other party of intent to not renew the term of this Agreement within thirty (30) days prior to the ensuing termination date, or ii) earlier terminated in accordance with Section 3, below. continuing through December 31, 2021. 1.6 INVESTMENT IN THE CROSSFIRST HOLDINGS, LLC. BANKSHARES, INC. The Board of Directors of the Company believes that it will be essential for Employee to participate in the Company's future growth as an equity stakeholder as well as an employee. As a condition to Employees Employee has acquired equity holdings in the Company. Of Employee's equity holdings, Employee has agreed that during his employment with the Company, Company under this Agreement, Employee will be expected to acquire within three (3) months of the Effective Date of his employment $200,000.00 worth of Membership Units continue holding at least fourteen thousand and thirty-five shares of the Company's Holding Company, Crossfirst Holdings, LLC, stock ("Required Units"), under the terms of the Membership Unit Purchase Agreement between the Employee and Company. Shares"). As a condition of Employee's continued employment with the Company, Employee shall not sell or transfer any Required Units Shares without the prior consent of the Committee. Board of Directors. View More
Positions and Duties. 1.1 POSITION AND TITLE. The Company hereby hires Employee to serve as the Chief Credit Officer of the Company. Banking Officer. (a) LIMITS ON AUTHORITY. Employee shall, to the best of his abilities, perform his duties in such capacity pursuant to this Agreement in compliance with applicable law, consistent with such direction as the Company provides to Employee from time to time, and in accordance with Company's policies and procedures as published from time to time. (b) REPORTING AND AUTHORITY.... Employee shall report to the Company as directed by the Company. Subject to the directions of the Company, Employee shall have full authority and responsibility for supervising and managing to the best of his ability, the daily affairs in his scope of work or as assigned including but not limited to: (i) presenting to the Company all business opportunities that come to his attention that are reasonably in the scope of business of the Company; (ii) working with the Company to develop and approve business objectives, policies and plans that improve the Company's profitability; (iii) communicating business objectives and plans to subordinates, (iv) ensuring that plans and policies are promulgated to and implemented by subordinate managers, (v) ensuring that each business plan provides those functions required for achieving its business objectives and that each plan is properly organized, staffed and directed to fulfill its responsibilities, (vi) assisting the Company in directing periodic reviews of the Company's strategic position and combining this information with corollary analysis of the Company's production and financial resources, (vii) providing periodic financial information concerning the operations of the projects and growth plans to the Company, and (viii) ensuring that the operation of the projects comply with applicable laws. CFB laws.1CFB Employment Agreement 1 (Steve Peterson) 1.2 ACCEPTANCE. Employee hereby accepts employment by the Company in the capacity set forth in Section 1.1, above, and agrees to perform the duties of such position from and after the Effective Date of this Agreement in a diligent, efficient, trustworthy, and businesslike manner. Employee agrees that, to the best of the Employee's ability and experience, Employee at all times shall loyally and conscientiously discharge all of the duties and responsibilities imposed upon Employee pursuant to this Agreement. 1.3 Agreement.1.3 BUSINESS TIME. Employee shall devote his exclusive business time to the performance of his duties to the Company under Section 1.1 and elsewhere in this Agreement. Employee shall not undertake any activities that conflict with or significantly detract from his primary duties to the Company. 1.4 Company.1.4 LOCATION. Employee shall perform his duties under this Agreement primarily in Leawood, Kansas and potentially other regions of the United States where the Company, or its Affiliated Companies, are active in conducting banking and other related service activities. Employee acknowledges and agrees that from time to time he shall be required to travel (at the cost and expense of the Company) to such other locations in order to discharge his duties under this Agreement. 1.5 TERM. The term of this Agreement commenced as of the Effective Date and shall be for a term of three (3) two (2) years, which term shall thereafter automatically renew for successive one (1) year terms unless: i) Company or Employee serve a Notice of Termination upon the other party of intent to not renew the term of this Agreement within thirty (30) days prior to the ensuing termination date, or ii) earlier terminated in accordance with Section 3, below. 1.6 INVESTMENT IN THE CROSSFIRST HOLDINGS, LLC. below.1.6 STOCKHOLDING REQUIREMENT. The Board of Directors of the Company believes that it will be essential for Employee to participate in the Company's future growth as an equity stakeholder as well as an employee. As a condition to Employees Employee's employment with the Company, Employee will be expected required to acquire within three (3) months hold a minimum of the Effective Date of his employment $200,000.00 four hundred thousand dollars ($400,000) worth of Membership Units of the Company's Holding Company, Crossfirst Holdings, LLC, Company stock ("Required Units"), under the terms of the Membership Unit Purchase Agreement between the Employee and Company. Stock"). As a condition of Employee's continued employment with the Company, Employee shall not sell or transfer any Required Units Stock without the prior consent of the Committee. Compensation Committee of the Board of Directors (the "Compensation Committee"). In the event Employee fails to hold sufficient Company stock with a value equal to or in excess of the required minimum value for more than ninety (90) consecutive days, and unless such requirement is waived by the Compensation Committee, Employee shall be deemed to be in material breach of this Agreement. View More
Positions and Duties. 1.1 POSITION AND TITLE. The Company hereby hires agrees to retain Employee to serve in his current position as the Chief Credit Financial Officer of the Company. Company until his successor has been appointed, at which time Employee will serve as Chief Investment Officer. Employee will also serve as a Director for CrossFirst Bankshares, Inc. and CrossFirst Bank through the Company's annual meeting in May, 2022. (a) LIMITS ON AUTHORITY. Employee shall, to the best of his abilities, perform his du...ties in such capacity pursuant to this Agreement in compliance with applicable law, consistent with such direction as the Company provides to Employee from time to time, and in accordance with Company's policies and procedures as published from time to time. (b) REPORTING AND AUTHORITY. Employee shall report to the Company as directed by the Company. Subject to the directions of the Company, Employee shall have full authority and responsibility for supervising and managing to the best of his ability, the daily affairs in his scope of work or as assigned including but not limited to: (i) presenting to the Company all business opportunities that come to his attention that are reasonably in the scope of business of the Company; (ii) working with the Company to develop and approve business objectives, policies and plans that improve the Company's profitability; (iii) communicating business objectives and plans to subordinates, (iv) ensuring that plans and policies are promulgated to and implemented by subordinate managers, (v) ensuring that each business plan provides those functions required for achieving its business objectives and that each plan is properly organized, staffed and directed to fulfill its responsibilities, (vi) assisting the Company in directing periodic reviews of the Company's strategic position and combining this information with corollary analysis of the Company's production and financial resources, (vii) providing periodic financial information concerning the operations of the projects and growth plans to the Company, and (viii) ensuring that the operation of the projects comply with applicable laws. CFB Employment Agreement 1 1.2 ACCEPTANCE. laws.1.2 ACCEPTANCE AND CONSENT TO CHANGE IN POSITION AND DUTIES. Employee hereby accepts and consents to the changes to his employment by position and duties with the Company in the capacity as set forth in Section 1.1, above, and agrees to perform the duties of such position from and after the Effective Date of this Agreement in a diligent, efficient, trustworthy, and businesslike manner. Employee agrees that, to the best of the Employee's ability and experience, Employee at all times shall loyally and conscientiously discharge all of the duties and responsibilities imposed upon Employee pursuant to this Agreement. 1 1.3 BUSINESS TIME. Employee shall devote his exclusive business time to the performance of his duties to the Company under Section 1.1 and elsewhere in this Agreement. Employee shall not undertake any activities that conflict with or significantly detract from his primary duties to the Company. 1.4 Company.1.4 LOCATION. Employee shall perform his duties under this Agreement primarily in Leawood, Kansas and potentially other regions of the United States where the Company, or its Affiliated Companies, are active in conducting banking and other related service activities. Employee acknowledges and agrees that from time to time he shall be required to travel (at the cost and expense of the Company) to such other locations in order to discharge his duties under this Agreement. 1.5 TERM. The term of this Agreement commenced as of the Effective Date and shall be for a term of three (3) years, which term shall thereafter automatically renew for successive one (1) year terms through December 31, 2022 unless: i) Company or Employee serve a Notice of Termination upon the other party of intent to not renew the term of this Agreement within thirty (30) days prior to the ensuing termination date, or ii) earlier terminated in accordance with Section 3, below. 1.6 below.1.6 INVESTMENT IN THE CROSSFIRST HOLDINGS, LLC. BANKSHARES, Inc. The Board of Directors of the Company believes that it will be essential for Employee to participate in the Company's future growth as an equity stakeholder as well as an employee. As a condition to Employees Employee's continued employment with the Company, Employee will be expected to acquire within three (3) months of the Effective Date of his employment $200,000.00 hold $400,000.00 worth of Membership Units shares of the Company's Holding Company, Crossfirst Holdings, LLC, common stock ("Required Units"), under the terms of the Membership Unit Purchase Agreement between the Employee and Company. As a condition of Employee's continued employment with the Company, Shares"). Employee shall not sell or transfer any Required Units Shares without the prior consent of the Committee. View More
