Positions and Duties Clause Example with 12 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) The Executive shall serve as the Chief Operating Officer of the Company reporting to the CEO and Company's Board of Directors (the "Board"). The Executive shall primarily work out of any office she deems appropriate. (b) The Executive shall have such duties, authority and responsibilities as are consistent with the role of COO and as may be set forth in the Bylaws of the Company on the date hereof. Executive shall only have duties as arise from this Agreement and any duties or obligations to... the Company under any previous employment agreement are hereby cancelled. For purposes of the applicability of the Company's compensation plans to the Executive, Executive shall be considered an "employee." Nothing herein shall require the Executive to devote more than a substantial amount of his business time to the performance of his duties hereunder. Accordingly, the Executive shall be entitled to (i) serve as an advisor or member of the board of directors of unaffiliated companies, (ii) serve on civic, charitable, educational, religious, public interest or public service boards, (iii) manage the Executive's personal and family investments, and (iv) engage in and/or have an ownership interest in other businesses. In addition, the Executive has disclosed to the Company his involvement in entities and investments other than the Company (collectively, the "Outside Activities"). The Executive is permitted to continue to engage in the Outside Activities. The Company shall also permit the Executive to engage in other business related activities provided that the Executive agrees to disclose to the Board any actual or potential conflict of interest arising out of any such activities.View More
Variations of a "Positions and Duties" Clause from Business Contracts
Positions and Duties. (a) The Executive shall serve as the Chief Operating Strategy Officer of the Company reporting to the CEO and Company's Board of Directors (the "Board"). The Executive shall primarily work out (to be determined and mutually agreed upon) or at other locations as may be determined by the Executive and agreed to by the Chief Executive Officer (the "Executive's Office"). (b) Without further compensation, the Executive may serve as a director or officer of any office she deems appropriate. (b) one or... more of the Company's subsidiaries or affiliates if so elected or appointed from time to time. (c) The Executive shall have such duties, authority and responsibilities as are consistent with the role of COO Chief Strategy Officer and as may be set forth in the Bylaws of the Company on the date hereof. Executive shall only have duties as arise from this Agreement Company. Roles and any duties or obligations to the Company under any previous employment agreement responsibilities include but are hereby cancelled. not limited to, identification of potential mergers and acquisitions, leading strategic growth plans and developing of new and improved revenue models. For purposes of the applicability of the Company's Company compensation plans to the Executive, Executive shall be considered an "employee." Nothing herein Executive shall require the Executive to devote more than a substantial amount of his business time to the performance of his duties hereunder. Accordingly, the hereunder, but such requirement shall not prevent Executive shall be entitled to from (i) serve serving as an advisor or a member of the board of directors of unaffiliated companies, (ii) serve serving on civic, charitable, educational, religious, public interest or public service boards, (iii) manage managing the Executive's personal and family investments, and (iv) engage engaging in and/or have or having an ownership interest in other businesses. In addition, the Executive has disclosed disclosed, in writing, to the Company his involvement in entities and investments other than the Company (collectively, the "Outside Activities"). The Company shall permit the Executive is permitted to continue to engage in the Outside Activities. The Company shall also permit the Executive to engage in other business related activities Activities provided that the Executive agrees to disclose to the Board Board, in writing, any actual or potential conflict of interest arising out of any such activities. Outside Activity and no such Outside Activity materially interferes with Executive's ability to perform his responsibilities hereunder. 1 2. Term. This Agreement and Executive's employment hereunder shall be for an initial term of three (3) years commencing on the date hereof (the "Effective Date") and ending on the third anniversary of the Effective Date (the "Expiration Date"), unless terminated earlier by the Company or the Executive pursuant to Section 4 of this Agreement (the "Term"). Thereafter, this Agreement shall automatically be renewed and the Term shall be extended for additional consecutive terms of 1 year (each a "Renewal Term"), unless such renewal is objected to by either the Company or the Executive upon 90 days written notice prior to the commencement of the next Renewal Term. In the event of renewal, the last day of each Renewal Term shall be deemed the new Expiration Date. View More
Positions and Duties. (a) The Executive shall serve as the Chief Operating Financial Officer of the Company reporting to the CEO and Company's Board of Directors (the "Board"). The Executive shall primarily work out from the Corporate Headquarters located at 1 West Broad Street, Suite 1004, Bethlehem PA 18018 or at other locations as may be determined by the Executive. (the "Executive's Office"). (b) Without further compensation, the Executive may serve as a director or officer of any office she deems appropriate. (b...) one or more of the Company's subsidiaries or affiliates if so elected or appointed from time to time. (c) The Executive shall have such duties, authority and responsibilities as are consistent with the role of COO Chief Financial Officer and as may be set forth in the Bylaws of the Company on the date hereof. Executive shall only have duties as arise from this Agreement Company. Roles and any duties or obligations Responsibilities include but are not limited to the Company under any previous employment agreement are hereby cancelled. financial reporting, cash management and financial forecasting. For purposes of the applicability of the Company's Company compensation plans to the Executive, Executive shall be considered an "employee." Nothing herein Executive shall require the Executive to devote more than a substantial amount of his business time to the performance of his duties hereunder. Accordingly, the hereunder, but such requirement shall not prevent Executive shall be entitled to from (i) serve serving as an advisor or a member of the board of directors of unaffiliated companies, (ii) serve serving on civic, charitable, educational, religious, public interest or public service boards, (iii) manage managing the Executive's personal and family investments, and (iv) engage engaging in and/or have or having an ownership interest in other businesses. In addition, the Executive has disclosed disclosed, in writing, to the Company his involvement in entities and investments other than the Company (collectively, the "Outside Activities"). The Company shall permit the Executive is permitted to continue to engage in the Outside Activities. The Company shall also permit the Executive to engage in other business related activities Activities provided that the Executive agrees to disclose to the Board Board, in writing, any actual or potential conflict of interest arising out of any such activities. Outside Activity and no such Outside Activity materially interferes with Executive's ability to perform his responsibilities hereunder. 1 2. Term. This Agreement and Executive's employment hereunder shall be for an initial term of three (3) years commencing on the date hereof (the "Effective Date") and ending on the third anniversary of the Effective Date (the "Expiration Date"), unless terminated earlier by the Company or the Executive pursuant to Section 4 of this Agreement (the "Term"). Thereafter, this Agreement shall automatically be renewed and the Term shall be extended for additional consecutive terms of 1 year (each a "Renewal Term"), unless such renewal is objected to by either the Company or the Executive upon 90 days written notice prior to the commencement of the next Renewal Term. In the event of renewal, the last day of each Renewal Term shall be deemed the new Expiration Date. View More
Positions and Duties. (a) The Executive shall serve as the Chief Operating Executive Officer of the Company reporting to the CEO and Company's Board of Directors (the "Board"). The Executive shall primarily work out from the Corporate Headquarters located at 1 West Broad Street, Suite 1004, Bethlehem PA 18018 or at other locations as may be determined by the Executive. (the "Executive's Office"). (b) Without further compensation, the Executive may serve as a director or officer of any office she deems appropriate. (b...) one or more of the Company's subsidiaries or affiliates if so elected or appointed from time to time. (c) The Executive shall have such duties, authority and responsibilities as are consistent with the role of COO Chief Executive Officer and as may be set forth in the Bylaws of the Company on the date hereof. Executive shall only have duties as arise from this Agreement Company. Roles and any duties or obligations Responsibilities include but are not limited to the Company under any previous employment agreement are hereby cancelled. capital raises, investor relations and overall corporate guidance. For purposes of the applicability of the Company's Company compensation plans to the Executive, Executive shall be considered an "employee." Nothing herein Executive shall require the Executive to devote more than a substantial amount of his business time to the performance of his duties hereunder. Accordingly, the hereunder, but such requirement shall not prevent Executive shall be entitled to from (i) serve serving as an advisor or a member of the board of directors of unaffiliated companies, (ii) serve serving on civic, charitable, educational, religious, public interest or public service boards, (iii) manage managing the Executive's personal and family investments, and (iv) engage engaging in and/or have or having an ownership interest in other businesses. In addition, the Executive has disclosed disclosed, in writing, to the Company his involvement in entities and investments other than the Company (collectively, the "Outside Activities"). The Company shall permit the Executive is permitted to continue to engage in the Outside Activities. The Company shall also permit the Executive to engage in other business related activities Activities provided that the Executive agrees to disclose to the Board Board, in writing, any actual or potential conflict of interest arising out of any such activities. Outside Activity and no such Outside Activity materially interferes with Executive's ability to perform his responsibilities hereunder. 1 2. Term. This Agreement and Executive's employment hereunder shall be for an initial term of three (3) years commencing on the date hereof (the "Effective Date") and ending on the third anniversary of the Effective Date (the "Expiration Date"), unless terminated earlier by the Company or the Executive pursuant to Section 4 of this Agreement (the "Term"). Thereafter, this Agreement shall automatically be renewed and the Term shall be extended for additional consecutive terms of 1 year (each a "Renewal Term"), unless such renewal is objected to by either the Company or the Executive upon 90 days written notice prior to the commencement of the next Renewal Term. In the event of renewal, the last day of each Renewal Term shall be deemed the new Expiration Date. View More
Positions and Duties. (a) The Executive shall serve as the Chief Operating Officer of the Company Executive Vice President reporting to the CEO and Company's Board of Directors (the "Board"). The Executive shall primarily work out of any office she deems appropriate. (b) Chairman. The Executive shall have such duties, duties and authority and responsibilities as are consistent with the role of COO therewith and as may be set forth in by the Bylaws of the Company on the date hereof. Executive shall only have duties as... arise from this Agreement and any duties or obligations to the Company under any previous employment agreement are hereby cancelled. Chairman. For purposes of the applicability of the Company's Company compensation plans to the Executive, Executive shall be considered an "employee." Nothing herein The Executive shall require the Executive to devote more than a substantial amount of his full business time to the performance of his duties hereunder. Accordingly, Notwithstanding the foregoing, the Executive shall be entitled to (i) serve as an advisor or a member of the board of directors of unaffiliated companies, (ii) serve on civic, charitable, educational, religious, public interest or public service boards, (iii) and manage the Executive's personal and family investments, and (iv) engage in and/or have an ownership interest in other businesses. businesses, including, without limitation, businesses engaged in the oil and gas industry. In addition, the Executive has disclosed to the Company his involvement in oil and gas entities and investments other than the Company (collectively, the "Outside Activities"). A non-exclusive list of Outside Activities is contained is Schedule A. The Company shall permit the Executive is permitted to continue to engage in the Outside Activities. The Company shall also permit the Executive to engage in other business related activities Activities provided that the Executive agrees to disclose to the Board of Directors of the Company (the "Board") any actual or potential conflict of interest arising out of any such activities. Outside Activity. Employee shall be physically present for work no less than 3 and 1⁄2 days per week in the Company's main Texas office, unless otherwise directed by the Executive Chairman. View More
Positions and Duties. (a) The Executive shall serve as the Chief Operating Officer of the Company Executive Vice President reporting to the CEO and Company's Board of Directors (the "Board"). The Executive shall primarily work out of any office she deems appropriate. (b) Chairman. The Executive shall have such duties, duties and authority and responsibilities as are consistent with the role of COO therewith and as may be set forth in by the Bylaws of the Company on the date hereof. Executive shall only have duties as... arise from this Agreement and any duties or obligations to the Company under any previous employment agreement are hereby cancelled. Chairman. For purposes of the applicability of the Company's Company compensation plans to the Executive, Executive shall be considered an "employee." Nothing herein The Executive shall require the Executive to devote more than a substantial amount of his full business time to the performance of his duties hereunder. Accordingly, Notwithstanding the foregoing, the Executive shall be entitled to (i) serve as an advisor or a member of the board of directors of unaffiliated companies, (ii) serve on civic, charitable, educational, religious, public interest or public service boards, (iii) and manage the Executive's personal and family investments, and (iv) engage in and/or have an ownership interest in other businesses. businesses, including, without limitation, businesses engaged in the oil and gas industry. In addition, the Executive has disclosed to the Company his involvement in oil and gas entities and investments other than the Company (collectively, the "Outside Activities"). A non-exclusive list of Outside Activities is contained is Schedule A. The Company shall permit the Executive is permitted to continue to engage in the Outside Activities. The Company shall also permit the Executive to engage in other business related activities Activities provided that the Executive agrees to disclose to the Board of Directors of the Company (the "Board") any actual or potential conflict of interest arising out of any such activities. Outside Activity. This Agreement and Executive's employment hereunder shall be for an initial term of two (2) years commencing on the date hereof (the "Effective Date") and ending on the second anniversary of the Effective Date (the "Expiration Date"), unless terminated earlier by the Company or the Executive pursuant to Section 4 of this Agreement (the "Term"). View More
Positions and Duties. (a) The Executive shall serve as the Chief Operating Officer of the Company reporting [Executive Chairman/President] and will report to the CEO and Company's Board of Directors (the "Board"). "Board") during the Term and any Renewal Term (as hereinafter defined). (b) The Company agrees to propose to the shareholders of the Company at each appropriate meeting of such shareholders during the Term and any Renewal Term, the election and/or reelection of the Executive as a member of the Board. Provid...ed the Executive is elected by the shareholders to the Board, the Board of Directors may elect the Executive as Chairman of the Board ("Chairman"). So long as the Executive is an employee of the Company, the Executive shall primarily work out not receive additional compensation for service as a Director or as Chairman. In addition, without further compensation, the Executive shall serve as a director and/or officer of any office she deems appropriate. (b) one or more of the Company's subsidiaries or affiliates if so elected or appointed from time to time. (c) The Executive shall have active and general supervision and management over the business and affairs of the Company and shall have full power and authority to act for all purposes for and in the name of the Company in all matters except where action of the Board is required by law, the Company's Bylaws or resolutions of the Board, and shall have such duties, authority other duties and responsibilities as the Board shall designate that are consistent with the role of COO and as may be set forth in the Bylaws of the Company on the date hereof. Executive shall only have duties as arise from this Agreement and any duties or obligations to the Company under any previous employment agreement are hereby cancelled. Executive's position. For purposes of the applicability of the Company's Company compensation plans to the Executive, Executive shall be considered an "employee." Nothing herein The Executive shall require use his best efforts to faithfully and efficiently perform the Executive duties and responsibilities assigned to him hereunder and shall devote more than a substantial amount substantially all of his business time to the performance of his duties hereunder. Accordingly, with the Company; provided, the Executive shall be entitled to (i) serve as an advisor or a member of the board of directors of unaffiliated companies, (ii) serve on civic, charitable, educational, religious, public interest or public service boards, (iii) manage the Executive's personal and family investments, and (iv) engage in and/or have an ownership interest in other businesses. noncompeting businesses, in all events so long as such activities do not materially interfere with the performance of the Executive's duties to the Company or create an actual or potential conflict of interest or the appearance thereof. In addition, the Executive has disclosed to the Company his involvement in entities and investments other than the Company (collectively, the "Outside Activities"). The Company shall permit the Executive is permitted to continue to engage in the Outside Activities. The Company shall also permit the Executive to engage in other business related activities Activities provided that the Executive agrees to disclose to the Board any actual or potential conflict of interest arising out of any such activities. Outside Activity and the Board, in its good faith judgment, determines that such Outside Activity does not conflict with the Executive's fiduciary duties to the Company or creates any appearance of such a conflict. View More
Positions and Duties. (a) The Executive shall serve as the Chief Operating Officer Executive Chairman of the Company reporting to the CEO and Company's Board of Directors (the "Board"). (b) The Company agrees to propose to the shareholders of the Company at each appropriate meeting of such shareholders during the Term and any Renewal Term, the election and reelection of the Executive as a member of the Board. Provided the Executive is elected by the shareholders to the Board, the Board of Directors shall elect the Ex...ecutive as Chairman of the Board ("Chairman"). In addition, without further compensation, the Executive shall primarily work out serve as a director and/or officer of any office she deems appropriate. (b) one or more of the Company's subsidiaries or affiliates if so elected or appointed from time to time. (c) The Executive shall have such duties, duties and authority and responsibilities as are consistent with the role of COO therewith and as may be set forth in the Bylaws of the Company on the date hereof. Executive shall only have duties as arise from this Agreement and any duties or obligations to the Company under any previous employment agreement are hereby cancelled. Company. For purposes of the applicability of the Company's Company compensation plans to the Executive, Executive is and shall be considered an "employee." Nothing herein shall require the Executive to devote more than a substantial amount of his full business time to the performance of his duties hereunder. Accordingly, the Executive shall be entitled to (i) serve as an advisor or a member of the board of directors of unaffiliated companies, (ii) serve on civic, charitable, educational, religious, public interest or public service boards, (iii) manage the Executive's personal and family investments, and (iv) engage in and/or have an ownership interest in other businesses. businesses, including, without limitation, businesses engaged in the oil and gas industry. In addition, the Executive has disclosed to the Company his involvement in entities and investments other than the Company (collectively, the "Outside Activities"). A non-exclusive list of Outside Activities is contained is Schedule A. The Company shall permit the Executive is permitted to continue to engage in the Outside Activities. The Company shall also permit the Executive to engage in other business related activities Activities provided that the Executive agrees to disclose to the Board any actual or potential conflict of interest arising out of any such activities. Outside Activity, as reasonably determined by the Board, consistent with the Executive's understood and anticipated role hereunder. The Board shall vote upon the two related resolutions contained in Exhibit B and Exhibit C. The Executive shall recuse himself and abstain from Board decisions pertaining to this Section 1(c). View More
Positions and Duties. (a) The Executive shall serve as the Chief Operating Financial Officer of the Company ("CFO") reporting to the CEO and Company's Chief Executive Officer ("CEO") appointed by the Company's Board of Directors (the "Board"). Directors. The Executive shall primarily work out of any office she deems appropriate. 350 Fifth Avenue New York, NY 10118 (the "Executive's Office"). (b) The Executive shall have such duties, authority and responsibilities as are consistent with the role of COO Chief Financial... Officer and as may be set forth in the Bylaws of the Company on the date hereof. Executive shall only have duties as arise from this Agreement and any duties or obligations to the Company under any previous employment agreement are hereby cancelled. Company. For purposes of the applicability of the Company's Company compensation plans to the Executive, Executive shall be considered an "employee." Nothing herein Executive shall require the Executive to devote more than a substantial amount of his business time to the performance of his duties hereunder. Accordingly, hereunder, but such requirement shall not prevent the Executive shall be entitled to from (i) serve serving as an advisor or a member of the board of directors of unaffiliated companies, (ii) serve serving on civic, charitable, educational, religious, public interest or public service boards, (iii) manage managing the Executive's personal and family investments, and (iv) engage engaging in and/or have or having an ownership interest in other businesses. In addition, the Executive has disclosed disclosed, in writing, to the Company his involvement in entities and investments other than the Company (collectively, the "Outside Activities"). The Company shall permit the Executive is permitted to continue to engage in the Outside Activities. The Company shall also permit the Executive to engage in other business related activities Activities provided that the Executive agrees to disclose to the Board Board, in writing, any actual or potential conflict of interest arising out of any such activities. Outside Activity and no such Outside Activity materially interferes with Executive's ability to perform his responsibilities hereunder. View More
Positions and Duties. (a) The Executive shall serve as the Chief Operating Executive Officer of the Company reporting to the CEO and Company's Board of Directors (the "Board"). The Executive shall primarily work out of 444 Brickell Avenue, Miami, Florida 33131 (the "Executive's Office"). (b) The Company agrees to propose to the shareholders of the Company at each appropriate meeting of such shareholders during the Term and any office she deems appropriate. (b) Renewal Term, the election and reelection of the Executiv...e as a member of the Board. Provided the Executive is elected by the shareholders to the Board, the Executive shall be appointed Chairman of the Board. In addition, without further compensation, the Executive shall serve as a director or officer of one or more of the Company's subsidiaries or affiliates if so elected or appointed from time to time. (c) The Executive shall have such duties, authority and responsibilities as are consistent with the role of COO Chief Executive Officer and as may be set forth in the Bylaws of the Company on the date hereof. Executive shall only have duties as arise from this Agreement and any duties or obligations to the Company under any previous employment agreement are hereby cancelled. Company. For purposes of the applicability of the Company's Company compensation plans to the Executive, Executive shall be considered an "employee." Nothing herein Executive shall require the Executive to devote more than a substantial amount of his business time to the performance of his duties hereunder. Accordingly, the hereunder, but such requirement shall not prevent Executive shall be entitled to from (i) serve serving as an advisor or a member of the board of directors of unaffiliated companies, (ii) serve serving on civic, charitable, educational, religious, public interest or public service boards, (iii) manage managing the Executive's personal and family investments, and (iv) engage engaging in and/or have or having an ownership interest in other businesses. In addition, the Executive has disclosed disclosed, in writing, to the Company his involvement in entities and investments other than the Company (collectively, the "Outside Activities"). The Company shall permit the Executive is permitted to continue to engage in the Outside Activities. The Company shall also permit the Executive to engage in other business related activities Activities provided that the Executive agrees to disclose to the Board Board, in writing, any actual or potential conflict of interest arising out of any such activities. Outside Activity and no such Outside Activity materially interferes with Executive's ability to perform his responsibilities hereunder. View More
Positions and Duties. (a) The Executive shall serve as the Chief Operating Executive Officer ("CEO") of the Company reporting to the CEO and Company's Board of Directors (the "Board"). The Executive shall primarily work out of any office she he deems appropriate. (b) The Company agrees to propose to the shareholders of the Company at each appropriate meeting of such shareholders during the Term and any Renewal Term (as such terms are defined below), the election and reelection of the Executive as a member of the Boar...d. In addition, in his capacity as the Company's Chief Executive Officer, the Executive shall either serve as a director, manager, member and senior executive officer of each of the Company's subsidiaries or affiliates, or shall alone act on the Company's behalf in the Company's capacity as member, manager, shareholder, partner, or otherwise as interest holder in respect of any and all of the Company's subsidiaries and affiliates, except that the Executive himself may delegate such function or appoint another in his stead. (c) The Executive shall have such duties, authority and responsibilities as are consistent with the role of COO CEO and as may be set forth in the Bylaws of the Company on the date hereof. Executive shall only have duties as arise from this Agreement and any duties or obligations to the Company under any previous employment agreement are hereby cancelled. For purposes of the applicability of the Company's compensation plans to the Executive, Executive shall be considered an "employee." Nothing herein shall require the Executive to devote more than a substantial amount of his business time to the performance of his duties hereunder. Accordingly, the Executive shall be entitled to (i) serve as an advisor or member of the board of directors of unaffiliated companies, (ii) serve on civic, charitable, educational, religious, public interest or public service boards, (iii) manage the Executive's personal and family investments, and (iv) engage in and/or have an ownership interest in other businesses. In addition, the Executive has disclosed to the Company his involvement in entities and investments other than the Company (collectively, the "Outside Activities"). The Executive is permitted to continue to engage in the Outside Activities. The Company shall also permit the Executive to engage in other business related activities provided that the Executive agrees to disclose to the Board any actual or potential conflict of interest arising out of any such activities. -1- 2. Term. This Agreement and Executive's employment hereunder shall be for an initial term of three (3) years ("Initial Term") commencing on the date hereof (the "Effective Date") and ending on the third anniversary of the Effective Date, unless terminated earlier by the Company or the Executive pursuant to Section 4 of this Agreement (the "Term"). Thereafter, at the election of the Executive or the Company, this Agreement may be extended for an additional one (1) year (the "First Extension"). Thereafter, the Term shall continue for an additional one-year periods unless, at least one hundred and eighty (180) days before the expiration of the First Extension, the Company provides notice in writing to the Executive that the Term shall not be further extended. Each such extension shall be referred to as a Renewal Term. The date upon which this Agreement would terminate if both extensions are elected shall be referred to as the Expiration Date. View More
