Positions and Duties Clause Example from Business Contracts

Positions and Duties. During the term of this Agreement, the Executive shall serve as Chief Information Officer and Chief Digital Officer of the Bank, and shall undertake such duties, consistent with such title, as may be assigned to him from time to time by the Executive Chairman of the Bank (the "Chairman") and the Board of Directors of the Bank (referred to as the "Board"), including overseeing all technology issues (including the preparation, implementation and monitoring of appropriate policies) of the Bank and/...or any holding company of the Bank and/or their subsidiaries (collectively, the "Bank Group"), keeping the Board and the Chairman informed of industry and regulatory developments regarding the Bank's technology issues, and assisting in keeping the Bank Group in compliance with applicable technology laws and regulations. In addition, the Board and/or the Chairman shall provide the Executive with annual goals and responsibilities outlined in a "performance evaluation," and it is the Executive's responsibility to meet or exceed these goals as determined in the sole discretion of the Board and/the Chairman. In performing his duties pursuant to this Agreement, the Executive shall devote his full business time, energy, skill and best efforts to promote the Bank Group and its business and affairs; provided that, subject to Sections 10, 13 and 14 of this Agreement, the Executive shall have the right to manage and pursue personal and family interests, and make passive investments in securities, real estate, and other assets, and also to participate in charitable and community activities and organizations, so long as such activities do not adversely affect the performance by Executive of his duties and obligations to the Bank Group. View More