Positions and Duties Clause Example with 25 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. (a) During the Employment Term (as defined in Section 2 hereof), the Employee shall serve as the Chief Executive Officer of the Company and as a member of Board. In this capacity, the Employee shall have the duties, authorities and responsibilities as are commensurate with the duties, authorities and responsibilities of persons in similar capacities in similarly sized companies, and such other duties, authorities and responsibilities as may reasonably be assigned to the Employee by the Board tha...t are not inconsistent with the Employee's position as Chief Executive Officer of the Company. The Employee's principal place of employment with the Company shall be in Austin, Texas, provided that the Employee understands and agrees that the Employee may be required to travel from time to time for business purposes. The Company understands that the Employee will reside in Houston, Texas and commute to Austin, Texas as appropriate. The Employee shall report directly to the Board. (b) During the Employment Term, the Employee shall devote substantially all of the Employee's business time, energy, business judgment, knowledge and skill and the Employee's best efforts to the performance of the Employee's duties with the Company, provided that the 1 foregoing shall not prevent the Employee from (i) serving on the boards of directors of non-profit organizations, (ii) participating in charitable, civic, educational, professional, community or industry affairs, and (iii) managing the Employee's passive personal investments so long as such activities in the aggregate do not materially interfere or conflict with the Employee's duties hereunder or create a potential business or fiduciary conflict. (c) During the balance of the Employment Term, the Board shall nominate the Employee for re-election as a member of the Board at the expiration of the then current term, provided that the foregoing shall not be required to the extent prohibited by legal or regulatory requirements.View More
Variations of a "Positions and Duties" Clause from Business Contracts
Positions and Duties. (a) During the Employment Term (as defined in Section 2 hereof), the Employee shall serve as the Chief Executive Officer of the Company and as a member of Board. Company. In this capacity, the Employee shall have the duties, authorities and responsibilities as are commensurate with required by the duties, authorities and responsibilities of persons in similar capacities in similarly sized companies, Employee's position, and such other duties, authorities and responsibilities as may reasonably be... assigned to the Employee by the Board that are not inconsistent with the Employee's position as Chief Executive Officer of the Company. The Employee's principal place of employment with the Company shall be in Austin, Texas, Alachua, Florida or (b) such other place as mutually agreed upon by the Employee and the Company's Board of Directors, provided that the Employee understands and agrees that the Employee may be required to travel from time to time for business purposes. The Company understands that the Employee will reside in Houston, Texas and commute to Austin, Texas as appropriate. The Employee shall report directly to the Board. Company's Board of Directors. (b) The Company's Board of Directors are appointing the Employee to be a member of the Company's Board of Directors (if necessary, the Board of Directors will increase its size by one to accommodate the Employee) from the first day of the Employment Term through the annual meeting of stockholders to be held in 2017. In addition, the Board of Directors will include the Employee as a nominee to stand for elections to the Company's Board of Directors at each annual meeting of stockholders occurring during the Employment Term. (c) During the Employment Term, the Employee shall devote substantially all of the Employee's business time, energy, business judgment, knowledge and skill and the Employee's best efforts to the performance of the Employee's duties with the Company, provided that the 1 foregoing shall not prevent the Employee from (i) serving on the boards of directors of non-profit organizations, (ii) participating in charitable, civic, educational, professional, community or industry affairs, and (iii) managing the Employee's passive personal investments so long as such activities in the aggregate do not materially interfere or conflict with the Employee's duties hereunder or create a potential business or fiduciary conflict. (c) During the balance of the Employment Term, the Board shall nominate the Employee for re-election as a member of the Board at the expiration of the then current term, provided that the foregoing shall not be required to the extent prohibited by legal or regulatory requirements. Company. View More
Positions and Duties. (a) During the Employment Term (as defined in Section 2 hereof), Term, the Employee shall serve as the Chief Executive Officer Chairman and Chairman of the Company and as a member Board of Board. the Company. In this capacity, the Employee shall have the duties, authorities and responsibilities as are commensurate with the duties, authorities and responsibilities of persons in similar capacities in similarly sized companies, and such other duties, authorities and responsibilities as may reasonab...ly be assigned to the Employee by the Board that are not inconsistent with the Employee's position as Chief Executive Officer of the Company. companies. The Employee's principal place of employment with the Company shall be in Austin, Texas, provided that the Dallas-Fort Worth, Texas metropolitan area, provided, that, the Employee understands and agrees that the Employee may will be required to travel from time to time regularly for business purposes. The Company understands that the Employee will reside in Houston, Texas and commute to Austin, Texas as appropriate. The Employee shall report directly to the Board. (b) During Board of Directors of the Employment Term, the Employee Company (the "Board")) and shall devote substantially all of the Employee's business time, energy, business judgment, knowledge and skill and the Employee's best efforts to the performance of the Employee's duties with the Company, provided that the 1 foregoing shall not prevent the Employee from (i) serving on the boards of directors of non-profit organizations, (ii) participating in charitable, civic, educational, professional, community or industry affairs, and (iii) managing the Employee's passive personal investments so long as such activities in the aggregate do not materially interfere or conflict with the Employee's duties hereunder or create a potential business or fiduciary conflict. (c) During the balance of the Employment Term, the Board shall nominate the Employee for re-election as a member of the Board at the expiration of the then current term, provided that the foregoing shall not be required to the extent prohibited by legal or regulatory requirements. Company. View More
Positions and Duties. (a) During the Employment Term (as defined in Section 2 hereof), Term, the Employee shall serve as the Chief Executive Officer of the Company and as a member of Board. Company. In this capacity, the Employee shall have the duties, authorities and responsibilities as are commensurate with the duties, authorities and responsibilities of persons in similar capacities in similarly sized companies, and such other duties, authorities and responsibilities as may reasonably be assigned to the Employee b...y the Board that are not inconsistent with the Employee's position as Chief Executive Officer of the Company. companies. The Employee's principal place of employment with the Company shall be in Austin, Texas, provided that the Dallas-Fort Worth, Texas metropolitan area, provided, that, the Employee understands and agrees that the Employee may will be required to travel from time to time regularly for business purposes. The Company understands that the Employee will reside in Houston, Texas and commute to Austin, Texas as appropriate. The Employee shall report directly to the Board. (b) During Executive Chairman of the Employment Term, Company (or such other person as designated, from time to time, by the Employee Board of Directors of the Company (the "Board")) and shall devote substantially all of the Employee's business time, energy, business judgment, knowledge and skill and the Employee's best efforts to the performance of the Employee's duties with the Company, provided that the 1 foregoing shall not prevent the Employee from (i) serving on the boards of directors of non-profit organizations, (ii) participating in charitable, civic, educational, professional, community or industry affairs, and (iii) managing the Employee's passive personal investments so long as such activities in the aggregate do not materially interfere or conflict with the Employee's duties hereunder or create a potential business or fiduciary conflict. (c) During the balance of the Employment Term, the Board shall nominate the Employee for re-election as a member of the Board at the expiration of the then current term, provided that the foregoing shall not be required to the extent prohibited by legal or regulatory requirements. Company. View More
Positions and Duties. (a) During the Employment Term (as defined in Section 2 hereof), the Employee shall serve as the President and Chief Executive Officer ("CEO") of the Company, and, at the request of the Board of Directors of the Company and (the "Board"), as a member an officer or director of Board. any parent entity of the Company or any subsidiary of the Company or such parent entity, in any case, without additional compensation. In this capacity, the Employee shall have the duties, authorities and responsibil...ities as are commensurate with the duties, authorities and responsibilities of persons in similar capacities in similarly sized companies, and such other duties, authorities and responsibilities as may reasonably be assigned to the Employee by the Board shall designate from time to time that are not inconsistent with the Employee's position as Chief Executive Officer CEO of the Company. The Employee's principal place of employment with the Company shall be in Austin, Texas, provided that the Rolling Meadows, Illinois. Employee understands and agrees that the Employee may be required to travel from time to time for business purposes. The Company understands that Employee will work in Rolling Meadows, Illinois four days per week during weeks when Employee does not otherwise travel for business purposes. Following eighteen (18) months of employment, the Employee and the Board will reside come to a mutually agreeable resolution as to Employee's principal place of employment; provided that, in Houston, Texas and commute no event will Employee be required to Austin, Texas as appropriate. work in Rolling Meadows, Illinois or any other location more than 50 miles from his home in Saratoga California for more than four days per week. The Employee shall report directly to the Board. (b) (a) During the Employment Term, as defined below, the Employee shall devote substantially all of the Employee's business time, energy, business judgment, knowledge and skill and the Employee's best efforts to the full, loyal and careful performance of the Employee's duties with to the Company, provided that the 1 foregoing shall not prevent the Employee from (i) serving on the boards of directors of non-profit organizations, organizations and, with the prior written approval of the Board, other for profit companies, (ii) serving on the Board of Directors of Ytrre, Inc., I4VU, Inc., and Zprox, LLC., (iii) participating in charitable, civic, educational, professional, community or industry affairs, and (iii) managing the Employee's passive personal investments so long as such activities in the aggregate do not materially interfere or conflict with the Employee's duties hereunder or create a potential business or fiduciary conflict. (c) During A-1 *Portions of this exhibit have been excluded because it both (i) is not material and (ii) would be competitively harmful if publicly disclosed. (b) The Board shall take such action as may be necessary to appoint or elect the balance Employee as a member of the Board as of the Effective Date (as defined in Section 2 hereof). Thereafter, during the Employment Term, the Board shall nominate the Employee for re-election as a member of the Board at the expiration of the then current term, provided that the foregoing shall not be required to the extent prohibited by legal or regulatory requirements. View More
Positions and Duties. (a) During the Employment Term (as defined in Section 2 hereof), the Employee shall serve as the Chief Executive Administrative and Chief Financial Officer of the Company and as a member of Board. Company. In this capacity, the Employee shall have the duties, authorities and responsibilities as are commensurate with required by the duties, authorities and responsibilities of persons in similar capacities in similarly sized companies, Employee's position, and such other duties, authorities and re...sponsibilities as may reasonably be assigned to the Employee by the Board that are not inconsistent with the Employee's position as Chief Executive Administrative and Chief Financial Officer of the Company. The Employee's principal place of employment with the Company shall be in Austin, Texas, the Chicago, Illinois metropolitan area or (b) such other place as mutually agreed upon by the Employee and the Chief Executive Officer (the "CEO"), provided that the Employee understands and agrees that the Employee may be required to travel from time to time for business purposes. The Company understands that the Employee will reside in Houston, Texas and commute to Austin, Texas as appropriate. The Employee shall report directly to the Board. Company's CEO. (b) During the Employment Term, the Employee shall devote substantially all of the Employee's business time, energy, business judgment, knowledge and skill and the Employee's best efforts to the performance of the Employee's duties with the Company, Company; provided that the 1 foregoing Employee shall not prevent the Employee from (i) serving be entitled to serve on the boards of directors of non-profit organizations, (ii) participating in for-profit, civic, charitable, civic, educational, professional, community religious, public interest, or industry affairs, public service boards, and (iii) managing to manage the Employee's passive personal investments so long as and family investments, in each case, to the extent such activities in the aggregate do not materially interfere or conflict with the performance of the Employee's duties hereunder or create a potential business or fiduciary conflict. (c) During the balance of the Employment Term, the Board shall nominate and responsibilities hereunder, and provided further that the Employee for re-election as a member shall not serve on more than one for-profit board without the consent of the Board at the expiration of Directors of the then current term, provided that Company (the "Board"). (c) As of 11:59 p.m. (Eastern Time) on the foregoing date of this Agreement, Employee resigns as a director of the Company. Employee's execution of this Agreement shall not be required to serve as written notice of Employee's resignation as a director of the extent prohibited by legal or regulatory requirements. Company. View More
Positions and Duties. (a) GENERAL. During the Employment Term (as defined in Section 2 hereof), Term, the Employee shall serve as the Chief Executive Officer and President of the Company and as a member of Board. Company. In this capacity, the Employee shall have the duties, authorities and responsibilities as are commensurate with the duties, authorities and responsibilities of persons in similar capacities in similarly sized companies, and such other duties, authorities and responsibilities as may reasonably be ass...igned to the Employee from time to time by the Board that are not inconsistent with the Employee's position as Chief Executive Officer of positions with the Company. The Employee's principal place of employment with the Company shall be in Austin, Texas, provided that the Employee understands and agrees that the Employee may be required to travel from time to time for business purposes. The Company understands that the Employee will reside in Houston, Texas and commute to Austin, Texas as appropriate. The Employee shall report directly and exclusively to the Board. (b) OTHER ACTIVITIES. During the Employment Term, the Employee shall devote substantially all of the Employee's business time, energy, business judgment, knowledge and skill and the Employee's best efforts to the performance of the Employee's duties with the Company, provided that the 1 foregoing shall not prevent the Employee from (i) with prior written notice to the Board, serving on the boards of directors of non-profit organizations, organizations and, with the prior written approval of the Board, other for-profit companies, (ii) participating in charitable, civic, educational, professional, community or industry affairs, and (iii) managing the Employee's passive personal investments and affairs so long as such activities activities, either individually or in the aggregate aggregate, do not materially interfere or conflict with the Employee's duties hereunder or create a potential business or fiduciary conflict. (c) BOARD MEMBERSHIP. During the balance of the Employment Term, the Board shall take such action as may be necessary to nominate the Employee to stand for re-election election as a member of the Board at the expiration of the then current term, provided Board; provided, however, that the foregoing Company shall not be required obligated to cause such nomination if any of the extent prohibited by events constituting Cause (as defined below) have occurred and not been cured or the Employee has not provided evidence that the event does not constitute Cause, or if such action would conflict with or violate any action, rule or requirement of a legal or regulatory requirements. body (including its representative) to which the Company is subject. View More
Positions and Duties. (a) During the Employment Term (as defined in Section 2 hereof), the Employee shall serve as the Chief Executive Officer of the Company and as a member of Board. Operating Officer. In this capacity, the Employee shall have the duties, authorities and responsibilities as are commensurate with required by the duties, authorities and responsibilities of persons in similar capacities in similarly sized companies, Employee's position, and such other duties, authorities and responsibilities as may rea...sonably be assigned to the Employee by the Board that are not inconsistent with the Employee's position as Chief Executive Officer of the Company. shall designate from time to time. The Employee shall also serve as a Director. The Employee's principal place of employment with the Company shall be in Austin, Texas, Teaneck, New Jersey; provided that the Employee understands and agrees that the Employee may be required to travel from time to time for business purposes. The Company understands that the Employee will reside in Houston, Texas and commute to Austin, Texas as appropriate. The Employee shall report directly to the Board. Chief Executive Officer. (b) During the Employment Term, the Employee shall devote substantially all of the Employee's business time, energy, business judgment, knowledge and skill and the Employee's best efforts to the performance of the Employee's duties with the Company, provided that the 1 foregoing shall not prevent the Employee from (i) serving on the boards of directors of non-profit organizations, organizations and, with the prior written approval of the Board, other for profit companies, (ii) participating in charitable, civic, educational, professional, community or industry affairs, and (iii) managing the Employee's passive personal investments so long as such activities in the aggregate do not materially interfere or conflict with the Employee's duties hereunder or create a potential business or fiduciary conflict. (c) During the balance 1 2. EMPLOYMENT TERM. The term of the Employment Term, Employee's employment under this Agreement shall be the Board period commencing on the date hereof (the "Commencement Date") and continuing until such employment ceases as provided in Section 6 hereof (such period, the "Employment Term"). The Employee's employment with the Company shall nominate be on an "at-will" basis, which means that the Employee's employment is terminable by either the Company or the Employee at any time for re-election as a member of the Board at the expiration of the then current term, provided that the foregoing shall not be required to the extent prohibited by legal any reason or regulatory requirements. no reason, with or without Cause (as defined below) or notice. View More
Positions and Duties. (a) During the Employment Term (as defined in Section 2 hereof), the Employee shall serve as the Executive Vice President and Chief Executive Operating Officer of the Company, provided that, as of the Promotion Effective Date, Employee shall serve as the President and Chief Operating Officer of the Company and as a member of Board. (each, respectively, the "Position"). In this capacity, the Employee shall have the duties, authorities and responsibilities as are commensurate with the duties, auth...orities and responsibilities of persons in similar capacities in similarly sized companies, and such other duties, authorities and responsibilities as may reasonably be assigned to the Employee by the Board that are not inconsistent with the Employee's position as Chief Executive Officer of applicable Position with the Company. The Employee's principal place of employment with the Company shall be in Austin, Midland, Texas, provided that the Employee understands and agrees that the Employee may be required to travel from time to time for business purposes. The Company understands that the Employee will reside in Houston, Texas and commute to Austin, Texas as appropriate. The Employee shall report directly to the Board. Chief Executive Officer of the Company. For avoidance of doubt, the Employee acknowledges and agrees that the Employee's transition to President and Chief Operating Officer of the Company upon the Promotion Effective Date shall not be deemed Good Reason for purposes herein or otherwise or trigger any additional rights to him under any arrangement by reason of his no longer serving as Executive Vice President and Chief Operating Office of the Company. (b) During the Employment Term, the Employee shall devote substantially all of the Employee's business time, energy, business judgment, knowledge and skill and the Employee's best efforts to the performance of the Employee's duties with the Employer and the Company, provided that the 1 foregoing shall not prevent the Employee from (i) serving on the boards of directors of non-profit organizations, organizations and, with the prior written approval of the Board of Directors of the Company (the "Board"), other for profit companies, (ii) participating in charitable, civic, educational, professional, community or industry affairs, and (iii) managing the Employee's passive personal investments so long as such activities in the aggregate do not materially interfere or conflict with the Employee's duties hereunder or create a potential business or fiduciary conflict. (c) During conflict or materially interfere with the balance performance of the Employment Term, Employee's obligations to the Board shall nominate Employer or the Company under this Agreement. The for profit company boards on which the Employee for re-election as a member currently serves, all of which have been approved by the Board at the expiration of the then current term, provided that the foregoing shall not be required to the extent prohibited by legal or regulatory requirements. Board, are listed on Exhibit A hereto. View More
Positions and Duties. (a) During the Employment Term (as defined in Section 2 hereof), the Employee shall serve as the Chief Executive Officer [●] of the Company and as a member of Board. Company. In this capacity, the Employee shall have the duties, authorities and responsibilities as are commensurate with the duties, authorities and responsibilities of persons in similar capacities in similarly sized companies, and such other duties, authorities and responsibilities as may reasonably be assigned to the Employee by ...the Board that are not inconsistent with the Employee's position as Chief Executive Officer [●] of the Company. The Employee's principal place of employment with the Company shall be in Austin, Midland, Texas, provided that the Employee understands and agrees that the Employee may be required to travel from time to time for business purposes. The Company understands that the Employee will reside in Houston, Texas and commute to Austin, Texas as appropriate. The Employee shall report directly to the Board. [Chief Executive Officer]. (b) During the Employment Term, the Employee shall devote substantially all of the Employee's business time, energy, business judgment, knowledge and skill and the Employee's best efforts to the performance of the Employee's duties with the Company, provided that the 1 foregoing shall not prevent the Employee from (i) serving on the boards of directors of non-profit organizations, organizations and, with the prior written approval of the Board of Directors of the Company (the "Board"), other for profit companies, (ii) participating in charitable, civic, educational, professional, community or industry affairs, and (iii) managing the Employee's passive personal investments so long as such activities in the aggregate do not materially interfere or conflict with the Employee's duties hereunder or create a potential business or fiduciary conflict. (c) During conflict or materially interfere with the balance performance of the Employment Term, Employee's obligations to the Board shall nominate Company under this Agreement. The for profit company boards on which the Employee for re-election as a member currently serves, all of which have been approved by the Board at the expiration of the then current term, provided that the foregoing shall not be required to the extent prohibited by legal or regulatory requirements. Board, are listed on Exhibit A hereto. View More
Positions and Duties. (a) During the Employment Term (as defined in Section 2 2 hereof), the Employee shall serve as the Chief Executive Officer of the Company and as a member of Board. Jones Energy, Inc. (the "Corporation"). In this capacity, the Employee shall have the duties, authorities and responsibilities as are commensurate with the duties, authorities and responsibilities of persons in similar capacities in similarly sized companies, and such other duties, authorities and responsibilities as may reasonably b...e assigned to the Employee by the Board of Directors (the "Board") of the Corporation that are not inconsistent with the Employee's position as Chief Executive Officer of the Company. Company and the Corporation. The Employee's principal place of employment with the Company shall be in Austin, Texas, provided that the Employee understands and agrees that the Employee may be required to travel from time to time for business purposes. The Company understands that the Employee will reside in Houston, Texas and commute to Austin, Texas as appropriate. The Employee shall report directly to the Board. (b) During the Employment Term, the Employee shall devote substantially all of the Employee's business time, energy, business judgment, knowledge and skill and the Employee's best efforts to the performance of the Employee's duties with the Company, provided that the 1 foregoing shall not prevent the Employee from (i) serving on the boards of directors of non-profit organizations, (ii) participating in charitable, civic, educational, professional, community or industry affairs, and (iii) managing the Employee's passive personal investments so long as such activities in the aggregate do not materially interfere or conflict with the Employee's duties hereunder or create a potential business or fiduciary conflict. (c) During The Board shall take such action as may be necessary to appoint or elect the balance Employee as a member of the Board as promptly as practicable after the date hereof; provided, Active 38799416 that no such appointment or election shall occur if such action could result in the occurrence of a "change of control" as set forth in the Company's documentation regarding the Company's funded debt obligations or other governing agreements. Thereafter, during the Employment Term, Term and subject to such action not resulting in in the occurrence of a "change of control" as set forth in the Company's documentation regarding the Company's funded debt obligations or other governing agreements, the Board shall nominate the Employee for re-election as a member of the Board at the expiration of the then current term, provided that the foregoing shall not be required to the extent prohibited by legal or regulatory requirements. View More
