Positions and Duties Clause Example with 54 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. 2.1 Position. During the Employment Term, the Executive shall serve as the Chairman of the Board, President and Chief Executive Officer of the Company, reporting to the board of directors of the Company (the "Board"). In such position, the Executive shall have such duties, authority, and responsibilities as shall be determined from time to time by the Board, which duties, authority, and responsibilities are consistent with the Executive's position. The Executive shall also serve as a member of t...he Board for no additional compensation. 2.2 Duties. During the Employment Term, the Executive shall devote substantially all of his business time and attention to the performance of the Executive's duties hereunder and will not engage in any other business, profession, or occupation for compensation or otherwise which would conflict or interfere with the performance of such services either directly or indirectly without the prior written consent of the Board. Notwithstanding the foregoing, the Executive will be permitted to (a) with the prior written consent of the Board act or serve as a director, trustee, committee member, or principal of any type of business, civic, or 1 charitable organization, and (b) purchase or own less than five percent (5%) of the publicly traded securities of any corporation; provided that, such ownership represents a passive investment and that the Executive is not a controlling person of, or a member of a group that controls, such corporation; provided further that, the activities described in clauses (a) and (b) do not interfere with the performance of the Executive's duties and responsibilities to the Company as provided hereunder, including, but not limited to, the obligations set forth in Section 2 hereof.View More
Variations of a "Positions and Duties" Clause from Business Contracts
Positions and Duties. 2.1 Position. Positions. During the Employment Term, Term the Executive shall serve as the Chairman President and Chief Operating Officer of the Board, Bank and shall report to the Board and the Chief Executive Officer of the Bank. No later than one year after the effective date of the completion of the MHC reorganization, or January 1, 2019, if earlier, the Executive shall resign as Chief Operating Officer of the Bank and be appointed as President and Chief Executive Officer of the Company, rep...orting to the board of directors of the Company (the "Board"). Bank. In such position, positions, the Executive shall have such duties, authority, authority and responsibilities responsibility as shall be determined from time to time by the Board, Board (and the Chief Executive Officer of the Bank during the portion of the Employment Term during which the Executive is the Chief Operating Officer of the Bank), which duties, authority, authority and responsibilities responsibility are consistent with the Executive's position. The In addition, if requested, the Executive shall will also serve as a member an officer or director of any subsidiary of the Board Bank for no additional compensation. 2.2 Duties. During the Employment Term, the Executive shall devote substantially all of his business time and attention (other than during weekends, holidays, vacation periods, and periods of illness or leaves of absence) to the performance of the Executive's duties hereunder and will not engage in any other business, profession, profession or occupation for compensation or otherwise which would conflict or interfere with the performance of such services either directly or indirectly without the prior written consent of the Board. Notwithstanding the foregoing, the Executive will be permitted to to: (a) with the prior written consent of the Board Bank's Chairman of the Compensation Committee, act or serve as a director, trustee, committee member, member or principal advisor of any type of business, civic, civic or 1 charitable organization, organization; and (b) purchase or own less than five percent (5%) 5% of the publicly traded securities or ownership interests of any corporation; corporation, partnership or limited liability company; provided that, such ownership represents a passive investment and that the Executive is not a controlling person of, or a member of a group that controls, such corporation; corporation, partnership or limited liability company; provided further that, the activities described in clauses (a) and (b) do not interfere with the performance of the Executive's duties and responsibilities to the Company Bank as provided hereunder, including, but not limited to, the obligations set forth in Section 2 hereof. hereunder. View More
Positions and Duties. 2.1 Position. During the Employment Term, the Executive shall serve as the Chairman of the Board, President and Chief Executive Financial Officer of the Company, reporting to the board Board of directors Directors of the Company (the "Board"). In such position, the Executive shall have such duties, authority, authority and responsibilities responsibility as shall be determined from time to time by the Board, which duties, authority, authority and responsibilities responsibility are consistent wi...th the Executive's position. The Executive shall also serve as a member of the Board for no additional compensation. 2.2 Duties. During the Employment Term, the Executive shall devote substantially all of his her business time and attention to the performance of the Executive's her duties hereunder as Chief Financial Officer and will not engage in any other business, profession, profession or occupation for compensation or otherwise which would conflict or interfere with the performance of such services either directly or indirectly without the prior written consent of the Board. Notwithstanding the foregoing, the Executive will be permitted to (a) with the prior written consent of the Board act or serve as a director, trustee, committee member, or principal of any type of business, civic, or 1 charitable organization, and (b) purchase or own less than five percent (5%) of the publicly traded securities of any corporation; provided that, such ownership represents a passive investment and that the Executive is not a controlling person of, or a member of a group that controls, such corporation; provided further that, the activities described in clauses (a) and (b) do not interfere with the performance of the Executive's duties and responsibilities to the Company as provided hereunder, including, but not limited to, the obligations set forth in Section 2 hereof.View More
Positions and Duties. 2.1 Position. During Positions. Commencing with the Employment Term, Effective Date, the Executive shall serve as the Chairman of the Board, President and Chief Executive Officer of the Company, reporting Bank and shall report to the board of directors Board. No later than one year after the effective date of the Company (the "Board"). completion of the MHC reorganization, or January 1, 2019, if earlier, the Executive shall resign as Chief Executive Officer of the Bank and continue as Executive ...Chairman, a salaried officer of the Bank. In such position, positions, the Executive shall have such duties, authority, authority and responsibilities responsibility as shall be determined from time to time by the Board, Board (and the Chief Executive Officer of the Bank during the portion of the Employment Term during which the Executive is the Executive Chairman of the Bank), which duties, authority, authority and responsibilities responsibility are consistent with the Executive's position. The In addition, if requested, the Executive shall will also serve as a member an officer or director of any subsidiary of the Board Bank for no additional compensation. 2.2 Duties. During the Employment Term, the Executive shall devote substantially all of his business time and attention (other than during weekends, holidays, vacation periods, and periods of illness or leaves of absence) to the performance of the Executive's duties hereunder and will not engage in any other business, profession, profession or occupation for compensation or otherwise which would conflict or interfere with the performance of such services either directly or indirectly without the prior written consent of the Board. Notwithstanding the foregoing, the Executive will be permitted to to: (a) with the prior written consent of the Board Bank's Chairman of the Compensation Committee, act or serve as a director, trustee, committee member, member or principal advisor of any type of business, civic, civic or 1 charitable organization, organization; and (b) purchase or own less than five percent (5%) 5% of the publicly traded securities or ownership interests of any corporation; corporation, partnership or limited liability company; provided that, such ownership represents a passive investment and that the Executive is not a controlling person of, or a member of a group that controls, such corporation; corporation, partnership or limited liability company; provided further that, the activities described in clauses (a) and (b) do not interfere with the performance of the Executive's duties and responsibilities to the Company Bank as provided hereunder, including, but not limited to, the obligations set forth in Section 2 hereof. hereunder. View More
Positions and Duties. 2.1 Position. During the Employment Term, the Executive shall serve as the Chairman of the Board, President and Chief Executive Operating Officer of the Company, reporting to the board Board of directors Directors of the Company (the "Board"). In such position, the Executive shall have such duties, authority, authority and responsibilities responsibility as shall be determined from time to time by the Board, which duties, authority, authority and responsibilities responsibility are consistent wi...th the Executive's position. The Executive shall also serve as a member of the Board for no additional compensation. 2.2 Duties. During the Employment Term, the Executive shall devote substantially all of his business time and attention to the performance of the Executive's his duties hereunder as Chief Operating Officer and will not engage in any other business, profession, profession or occupation for compensation or otherwise which would conflict or interfere with the performance of such services either directly or indirectly without the prior written consent of the Board. Notwithstanding the foregoing, the Executive will be permitted to (a) with the prior written consent of the Board act or serve as a director, trustee, committee member, or principal of any type of business, civic, or 1 charitable organization, and (b) purchase or own less than five percent (5%) of the publicly traded securities of any corporation; provided that, such ownership represents a passive investment and that the Executive is not a controlling person of, or a member of a group that controls, such corporation; provided further that, the activities described in clauses (a) and (b) do not interfere with the performance of the Executive's duties and responsibilities to the Company as provided hereunder, including, but not limited to, the obligations set forth in Section 2 hereof.View More
Positions and Duties. 2.1 Position. During the Employment Term, the Executive shall serve as the Chairman of the Board, Executive Vice President and Chief Executive Operating Officer of the Company, reporting to Bank. 2.2 Duties. During the board of directors of the Company (the "Board"). In such position, the Employment Term, Executive shall have such duties, authority, authorities, and responsibilities commensurate with his positions and such other duties and responsibilities consistent with Executive's positions a...s shall be determined from time to time by the Board, which duties, authority, and responsibilities are consistent with Board of Directors of the Executive's position. The Company (the "Board") or the Chief Executive Officer of the Bank. Executive shall also serve as a member faithfully perform the duties of the Board for no additional compensation. 2.2 Duties. During the Employment Term, the Executive his employment and shall devote substantially all of his business time and attention to the performance of the Executive's duties hereunder and such duties. Executive will not engage in any other business, profession, or occupation for compensation or otherwise which would conflict or interfere with the performance of such services either services, directly or indirectly indirectly, without the prior written consent of the Board. Notwithstanding the foregoing, the Executive will be permitted to (a) with the prior written consent of the Board act or serve as a director, trustee, committee member, or principal of any type of business, civic, or 1 charitable organization, organization in accordance with the Bank's Conflict of Interest Policy, and (b) purchase or own less than five percent (5%) of the publicly traded securities of any corporation; provided that, such ownership represents a passive investment and that the Executive is not a controlling person of, or a member of a group that controls, such corporation; provided further that, the activities described in clauses (a) and (b) above do not interfere with the performance of Executive's duties. If requested by the Executive's duties and responsibilities Board, Executive shall serve as an executive officer and/or as a director of each of the Company's subsidiaries which are material to the business of the Company as provided determined by the Board in its sole discretion (collectively, the "Material Subsidiaries"). 2.3 Freedom to Contract. Executive represents and warrants that Executive has the right to enter into this Agreement, that he is eligible to continue employment by the Company and the Bank and that no other written or verbal agreements exist that would be in conflict with or prevent performance of any portion of this Agreement, including restrictive covenants. Executive represents and warrants that he has not made and will not make any contractual or other commitments that do or would conflict with or prevent Executive's performance of his obligations hereunder, including, but including agreements not limited to, the obligations set forth in Section 2 hereof. to compete, agreements not to solicit and/or confidentiality agreements. View More
Positions and Duties. 2.1 Position. During the Employment Term, the Executive shall serve as the Chairman of the Board, President and Chief Executive Officer of the Company, reporting to the board Board of directors Directors of the Company (the "Board"). In such position, the Executive shall have such duties, authority, authority and responsibilities responsibility as shall be determined from time to time by the Board, which duties, authority, authority and responsibilities responsibility are consistent with the Exe...cutive's position. The Executive shall also serve as a member of the Board for no additional compensation. 2.2 Duties. During the Employment Term, the Executive shall devote substantially all of his business time and attention to the performance of the Executive's his duties hereunder as Chief Executive Officer and will not engage in any other business, profession, profession or occupation for compensation or otherwise which would conflict or interfere with the performance of such services either directly or indirectly without the prior written consent of the Board. Notwithstanding the foregoing, the Executive will be permitted to (a) with the prior written consent of the Board act or serve as a director, trustee, committee member, or principal of any type of business, civic, or 1 charitable organization, and (b) purchase or own less than five percent (5%) of the publicly traded securities of any corporation; provided that, such ownership represents a passive investment and that the Executive is not a controlling person of, or a member of a group that controls, such corporation; provided further that, the activities described in clauses (a) and (b) do not interfere with the performance of the Executive's duties and responsibilities to the Company as provided hereunder, including, but not limited to, the obligations set forth in Section 2 hereof.View More
Positions and Duties. 2.1 Position. During the Employment Term, the Executive shall serve as the Chief Executive Officer and the Chairman of the Board, President and Chief Executive Officer Board of the Company, reporting to the board of directors Directors of the Company (the "Board"). "Board"), reporting to Board as a whole. In such position, the Executive shall have such duties, authority, and responsibilities as shall be determined from time to time by the Board, which duties, authority, and responsibilities are ...consistent with the Executive's position. The Executive shall also serve as a member of the Board for no additional compensation. 2.2 Duties. During the Employment Term, the Executive shall devote substantially all of his business time and attention to the performance of the Executive's duties hereunder and will not engage in any other business, profession, or occupation for compensation or otherwise which would conflict or interfere with the performance of such services either directly or indirectly without the prior written consent of the Board. Notwithstanding the foregoing, the Executive will be permitted to (a) with the prior written consent of the Board act or serve as a director, trustee, committee member, or principal of any type of business, civic, or 1 charitable organization, and (b) purchase or own less than five percent (5%) of the publicly traded securities of any corporation; provided that, such ownership represents a passive investment and that the Executive is not a controlling person of, or a member of a group that controls, such corporation; provided further that, the activities described in clauses (a) and (b) do not interfere with the performance of the Executive's duties and responsibilities to the Company as provided hereunder, including, but not limited to, the obligations set forth in Section 2 hereof.View More
Positions and Duties. 2.1 Position. During the Employment Term, the Executive shall serve as the Chairman of the Board, President and Chief Executive Financial Officer of the Company, reporting to the board of directors of the Company (the "Board"). Chief Executive Officer. In such position, the Executive shall have such duties, authority, and responsibilities as shall be determined from time to time by the Board, which duties, authority, and responsibilities are consistent with the Executive's position. The Executiv...e shall also serve as a member of the Board for no additional compensation. 2.2 Duties. During the Employment Term, the Executive shall devote substantially all of his the Executive's business time and attention to the performance of the Executive's duties hereunder and will not engage in any other business, profession, or occupation for compensation or otherwise which would conflict or interfere with the performance of such services either directly or indirectly without the prior written consent of the Board. Notwithstanding the foregoing, the Executive will be permitted to (a) with the prior written consent of the Board act or serve as a director, trustee, committee member, or principal of any type of business, civic, or 1 charitable organization, and (b) purchase or own less than five percent (5%) of the publicly traded securities of any corporation; provided that, such ownership represents a passive investment and that the Executive is not a controlling person of, or a member of a group that controls, such corporation; provided further that, the activities described in clauses (a) and (b) do not interfere with the performance of the Executive's duties and responsibilities to the Company as provided hereunder, including, but not limited to, the obligations set forth in Section 2 hereof.View More
Positions and Duties. 2.1 Position. Positions. During the Employment Term, Term the Executive shall serve as the Chairman of the Board, President and Chief Executive Financial Officer of the Company, reporting Bank and shall report to the board of directors President of the Company (the "Board"). Bank. In such position, the Executive shall have such duties, authority, authority and responsibilities responsibility as shall be determined from time to time by the Board, Board and the President of the Bank, which duties,...authority, authority and responsibilities responsibility are consistent with the Executive's position. The In addition, if requested, the Executive shall will also serve as a member an officer or director of any subsidiary of the Board Bank for no additional compensation. 2.2 Duties. During the Employment Term, the Executive shall devote substantially all of his business time and attention (other than during weekends, holidays, vacation periods, and periods of illness or leaves of absence) to the performance of the Executive's duties hereunder and will not engage in any other business, profession, profession or occupation for compensation or otherwise which would conflict or interfere with the performance of such services either directly or indirectly without the prior written consent of the Board. Notwithstanding the foregoing, the Executive will be permitted to to: (a) with the prior written consent of the Board Bank's President, act or serve as a director, trustee, committee member, member or principal advisor of any type of business, civic, civic or 1 charitable organization, organization; and (b) purchase or own less than five percent (5%) 5% of the publicly traded securities or ownership interests of any corporation; corporation, partnership or limited liability company; provided that, such ownership represents a passive investment and that the Executive is not a controlling person of, or a member of a group that controls, such corporation; corporation, partnership or limited liability company; provided further that, the activities described in clauses (a) and (b) do not interfere with the performance of the Executive's duties and responsibilities to the Company Bank as provided hereunder, including, but not limited to, the obligations set forth in Section 2 hereof. hereunder. View More
Positions and Duties. 2.1 Position. During the Employment Term, the Executive shall serve as the Chairman of the Board, President and Chief Executive Officer of the Company, reporting to the board of directors Company and of the Company (the "Board"). In such position, Bank. 2.2 Duties. During the Employment Term, Executive shall have such duties, authority, authorities, and responsibilities commensurate with his positions and such other duties and responsibilities consistent with Executive's positions as shall be de...termined from time to time by the Board, which duties, authority, and responsibilities are consistent with Board of Directors of the Executive's position. The Company (the "Board"). Executive shall also serve as a member faithfully perform the duties of the Board for no additional compensation. 2.2 Duties. During the Employment Term, the Executive his employment and shall devote substantially all of his business time and attention to the performance of the Executive's duties hereunder and such duties. Executive will not engage in any other 1 business, profession, or occupation for compensation or otherwise which would conflict or interfere with the performance of such services either services, directly or indirectly indirectly, without the prior written consent of the Board. Notwithstanding the foregoing, the Executive will be permitted to (a) with the prior written consent of the Board act or serve as a director, trustee, committee member, or principal of any type of business, civic, or 1 charitable organization, organization in accordance with the Bank's Conflict of Interest Policy, and (b) purchase or own less than five percent (5%) of the publicly traded securities of any corporation; provided that, such ownership represents a passive investment and that the Executive is not a controlling person of, or a member of a group that controls, such corporation; provided further that, the activities described in clauses (a) and (b) above do not interfere with the performance of Executive's duties. Executive shall serve as President and Chief Executive Officer and as a director of each of the Executive's duties and responsibilities Company's subsidiaries which are material to the business of the Company as provided determined by the Board in its sole discretion (collectively, the "Material Subsidiaries"). Executive shall continue to serve as a member of the Board and thereafter during the Employment Term, the Company shall use its reasonable best efforts, and subject to Executive's continuing satisfaction of director qualification standards as reasonably determined by the Nominating and Governance Committee of the Board, to cause Executive to be nominated for re-election to the Board each time Executive's term on the Board would expire. Executive shall receive no additional compensation for his service as a member of the Board (or, if applicable, the Board of Directors of the Bank).2.3 Freedom to Contract. Executive represents and warrants that Executive has the right to enter into this Agreement, that he is eligible to continue employment by the Company and the Bank and that no other written or verbal agreements exist that would be in conflict with or prevent performance of any portion of this Agreement, including restrictive covenants. Executive represents and warrants that he has not made and will not make any contractual or other commitments that do or would conflict with or prevent Executive's performance of his obligations hereunder, including, but including agreements not limited to, the obligations set forth in Section 2 hereof. to compete, agreements not to solicit and/or confidentiality agreements. View More
