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 Officer ("COO") of the Company reporting to the CEO and Company's Board of Directors (the "Board"). Chief Executive Officer. 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 mem...ber of the Board of Directors (the "Board"). 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 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
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 CEO, 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. View More
