Position and Responsibilities Clause Example with 17 Variations from Business Contracts
This page contains Position and Responsibilities 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.
Position and Responsibilities. (a) During the period of Executive's employment under this Agreement, Executive agrees to serve as President and Chief Executive Officer of the Bank and the Company. Executive shall perform all duties and shall have all powers which are commonly incident to the offices of the President and Chief Executive Officer, which consistent with the office, are delegated to him by the Board of Directors of the Bank or the Company (collectively referred to herein unless otherwise stated as the "Board of Di...rectors"). (b) During the period of Executive's employment under this Agreement, except for periods of absence occasioned by illness, vacation, and reasonable leaves of absence, Executive shall devote substantially all of his business time, attention, skill and efforts to the faithful performance of his duties under this Agreement, including activities and services related to the organization, operation and management of the Company and its affiliates, as well as participation in community, professional and civic organizations; provided, however, that, with the approval of the Board of Directors, as evidenced by a resolution of the Board of Directors, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, companies or organizations, which, in the judgment of the Board of Directors, will not present any conflict of interest with the Company or its affiliates, or materially affect the performance of Executive's duties pursuant to this Agreement. (c) The Bank will furnish Executive with the working facilities and staff customary for executive officers with the title and duties set forth in this Agreement and as are necessary for him to perform his duties. The location of such facilities and staff shall be at the principal administrative offices of the Bank.View More
Variations of a "Position and Responsibilities" Clause from Business Contracts
Position and Responsibilities. (a) During the period of Executive's employment under this Agreement, Term (as defined below), Executive agrees to continue to serve as President and Chief Executive Officer of the Bank Company and of the Company. Bank. Executive shall have responsibility for the general management and control of the business and affairs of the Company and its affiliates, and shall perform all duties and shall have all powers which are commonly incident to the offices of the President and Chief Executive Officer..., which Officer or which, consistent with the office, those offices, are delegated to him by the Board of Directors of Board, and Executive shall report directly to the Bank or the Company (collectively referred to herein unless otherwise stated as the "Board of Directors"). Board. (b) During the period of Executive's employment under this Agreement, Term, except for periods of absence occasioned by illness, vacation, vacation and reasonable leaves of absence, Executive shall devote substantially all of his business time, attention, skill and efforts to the faithful performance of his duties under this Agreement, including activities and services related to the organization, operation and management of the Company and its affiliates, as well as participation in community, professional and civic organizations; provided, however, that, with organizations, which may promote the approval business affairs of the Board of Directors, as evidenced by a resolution of Company. Notwithstanding any provisions herein to the Board of Directors, from time to time, contrary, Executive may serve, or continue to serve, on the board of directors of Prudential Insurance Company of America Mutual Fund Complex and boards of directors of, and hold any other offices or positions in, companies or organizations, which, in the judgment (or similar bodies) of the Board of Directors, will not present any conflict of interest with the Company or its affiliates, or materially affect the performance of Executive's duties pursuant to this Agreement. not-for-profit entities. (c) The Bank will Company shall furnish Executive with the working facilities and staff customary for executive officers with the title titles and duties set forth in this Agreement and as are necessary for him to perform his duties. The location of such facilities and staff shall be at the principal administrative offices Executive Offices, or such other location as is mutually agreed to between the Company and Executive. (d) During the period of Executive's employment under this Agreement, the Board shall take all actions necessary to appoint Executive as a director of the Bank. Company and the Bank and to the Executive Committee of each of the boards of directors of the Company and the Bank and to nominate him for election by the Company's shareholders as a member of the Board, and, upon such appointment or election, Executive agrees to serve in such capacity. Upon Executive's termination of employment as an employee of the Company for any reason (the date of such termination, the "Date of Termination"), Executive agrees and acknowledges that this Agreement shall constitute his letter of resignation as a member of the Board, the Bank, and all related entities of the Company and the Bank, effective as of the Date of Termination. View More
Position and Responsibilities. (a) Positions. During the period of Executive's employment under this Agreement, Executive agrees to serve as President and Chief Executive Officer of the Bank Company and as President and Chief Executive Officer of the Bank. (b) Responsibilities. As President and Chief Executive Officer of both the Company and the Company. Bank, Executive shall have general responsibility for the management and control of the business and affairs of both the Company and the Bank, and shall perform all duties an...d shall have all powers which that are commonly incident to such offices or which, consistent with such offices, may be delegated to Executive by the offices Company's Board or the Bank's Board or are set forth in the bylaws of the President and Chief Executive Officer, which consistent with Company or the office, are delegated Bank, including but not limited to him by the Board of Directors day to day operations of the Bank or Company and the Company (collectively referred Bank. In addition, Executive shall use his best efforts toward development of the Bank, in facets including but not limited to herein unless otherwise stated as the "Board development of Directors"). (b) new product lines, regulatory interface, raising capital and conducting acquisitions. During the period of Executive's employment under this Agreement, except for periods of absence occasioned by illness, vacation, and or other reasonable leaves of absence, Executive shall devote substantially all of his business time, attention, skill and efforts to the faithful performance of his duties under this Agreement, including activities and services related to the organization, operation and management of the Company Company, the Bank and its affiliates, their subsidiaries, as well as participation in community, professional and civic organizations; provided, however, that, with the approval of the Board of Directors, Company's Board, as evidenced by a resolution of the Board of Directors, from time to time, thereof, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, any such other companies or organizations, which, organizations that, in the judgment of the Board of Directors, Company's Board, will not present any conflict of interest with the Company Company, the Bank or its affiliates, their subsidiaries, or materially affect the negatively impact or interfere with Executive's performance of Executive's his duties pursuant to this Agreement. (c) Working Facilities. The Company and/or the Bank will furnish Executive with the working facilities and staff customary for executive officers with the title and duties set forth in this Agreement and as are necessary for him to perform his duties. The location of such facilities and staff shall be at the principal administrative offices main office of the Bank. Bank or such other office as may be agreed upon from time to time by the parties. View More
Position and Responsibilities. (a) Positions. During the period of Executive's employment under this Agreement, Executive agrees to continue to serve as President and Chief Executive Officer of the Bank Company and as President and Chief Executive Officer of the Bank. (b) Responsibilities. As President and Chief Executive Officer of both the Company and the Company. Bank, Executive shall have general responsibility for the management and control of the business and affairs of both the Company and the Bank, and shall perform a...ll duties and shall have all powers which that are commonly incident to such offices or which, consistent with such offices, may be delegated to Executive by the offices Company's Board or the Bank's Board or are set forth in the bylaws of the President and Chief Executive Officer, which consistent with Company or the office, are delegated Bank, including but not limited to him by the Board of Directors day to day operations of the Bank or Company and the Company (collectively referred Bank. In addition, Executive shall use his best efforts toward development of the Bank, in facets including but not limited to herein unless otherwise stated as the "Board development of Directors"). (b) new product lines, regulatory interface, raising capital and conducting acquisitions. During the period of Executive's employment under this Agreement, except for periods of absence occasioned by illness, vacation, and or other reasonable leaves of absence, Executive shall devote substantially all of his business time, attention, skill and efforts to the faithful performance of his duties under this Agreement, including activities and services related to the organization, operation and management of the Company Company, the Bank and its affiliates, their subsidiaries, as well as participation in community, professional and civic organizations; provided, however, that, with the approval of the Board of Directors, Company's Board, as evidenced by a resolution of the Board of Directors, from time to time, thereof, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, any such other companies or organizations, which, organizations that, in the judgment of the Board of Directors, Company's Board, will not present any conflict of interest with the Company Company, the Bank or its affiliates, their subsidiaries, or materially affect the negatively impact or interfere with Executive's performance of Executive's his duties pursuant to this Agreement. (c) Working Facilities. The Company and/or the Bank will furnish Executive with the working facilities and staff customary for executive officers with the title and duties set forth in this Agreement and as are necessary for him to perform his duties. The location of such facilities and staff shall be at the principal administrative offices main office of the Bank. Bank or such other office as may be agreed upon from time to time by the parties. View More
Position and Responsibilities. (a) During the period of Executive's employment under this Agreement, Term (as defined below), Executive agrees to serve as Executive Vice President and Chief Executive Lending Officer of the Bank Company and of the Company. Bank. Executive shall have responsibility for the general management and control of the business and affairs of the Company and its affiliates and shall perform all duties and shall have all powers which are commonly incident to the offices of the Executive Vice President an...d Chief Executive Officer, which Lending Officer or which, consistent with the office, those offices, are delegated to him by the President and Chief Executive Officer or the Board of Directors of the Bank or the Company (collectively referred to herein unless otherwise stated as the (the "Board of Directors"). Directors"), and Executive shall report directly to the President and Chief Executive Officer. (b) During the period of Executive's employment under this Agreement, Term, except for periods of absence occasioned by illness, vacation, vacation and reasonable leaves of absence, Executive shall devote substantially all of his business time, attention, skill and efforts to the faithful performance of his duties under this Agreement, including activities and services related to the organization, operation and management of the Company and its affiliates, as well as participation in community, professional and civic organizations; provided, however, that, with organizations, which may promote the approval business affairs of the Board of Directors, as evidenced by a resolution of the Board of Directors, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, companies or organizations, which, in the judgment of the Board of Directors, will not present any conflict of interest with the Company or its affiliates, or materially affect the performance of Executive's duties pursuant to this Agreement. Company. (c) The Bank Company will furnish Executive with the working facilities and staff customary for executive officers with the title titles and duties set forth in this Agreement and as are necessary for him to perform his duties. The location of such facilities and staff shall be at the principal administrative offices of Executive Offices, or such other location as is mutually agreed to between the Bank. Company and Executive. View More
Position and Responsibilities. (a) During the period of Executive's employment under this Agreement, Executive agrees to serve as Executive Vice President and Chief Executive Payment Officer/Chief Risk Officer of the Bank Company and Bank. Executive shall have responsibility for the Company. Executive general management and control of the business and affairs of the Company and its subsidiaries, including the Bank, and shall perform all duties and shall have all powers which are commonly incident to the offices of the Executi...ve Vice President and Chief Executive Officer, which Operating Officer or which, consistent with the office, those offices, are delegated to him by the Board of Directors of the Bank or the Company (collectively referred to herein unless otherwise stated as the "Board of Directors"). and Bank. (b) During the period of Executive's employment under this Agreement, except for periods of absence occasioned by illness, vacation, and reasonable leaves of absence, Executive shall devote substantially all of his business time, attention, skill and efforts to the faithful performance of his duties under this Agreement, including activities and services related to the organization, operation and management of the Company and its affiliates, subsidiaries, including the Bank, as well as participation in community, professional and civic organizations; provided, however, that, with the approval of the Board of Directors, as evidenced by a resolution of the Board of Directors, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, companies or organizations, which, in the judgment of the Board of Directors, will not present any organizations listed by Executive on his annual conflict of interest with the Company or its affiliates, or materially affect the performance of Executive's duties pursuant to this Agreement. reporting. (c) The Bank or the Company (as they shall determine), will furnish Executive with the working facilities and staff customary for executive officers with the title titles and duties set forth in this Agreement and as are necessary for him to perform his duties. The location of such facilities and staff shall be at the principal administrative offices of the Bank. 2. Term. (a) Unless otherwise extended pursuant to Section 2(b) of this Agreement, the term of this Agreement shall expire on October 1, 2017. (b) The Compensation Committees of the Boards of Directors of the Company and Bank will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement for an additional year. The Chairman of the Boards of Directors will give notice to the Executive as soon as possible if the Boards have decided not to extend the Agreement. (c) Notwithstanding anything contained in this Agreement to the contrary, either Executive, the Company or the Bank may terminate Executive's employment at any time during the term of this Agreement, subject to the terms and conditions of this Agreement. View More
Position and Responsibilities. (a) During the period of Executive's employment under this Agreement, Executive agrees to serve as Executive Vice President and Chief Executive Operating Officer of the Bank Company and Bank. Executive shall have responsibility for the Company. Executive general management and control of the business and affairs of the Company and its subsidiaries, including the Bank, and shall perform all duties and shall have all powers which are commonly incident to the offices of the Executive Vice President... and Chief Executive Officer, which Operating Officer or which, consistent with the office, those offices, are delegated to him by the Board of Directors of the Bank or the Company (collectively referred to herein unless otherwise stated as the "Board of Directors"). and Bank. (b) During the period of Executive's employment under this Agreement, except for periods of absence occasioned by illness, vacation, and reasonable leaves of absence, Executive shall devote substantially all of his business time, attention, skill and efforts to the faithful performance of his duties under this Agreement, including activities and services related to the organization, operation and management of the Company and its affiliates, subsidiaries, including the Bank, as well as participation in community, professional and civic organizations; provided, however, that, with the approval of the Board of Directors, as evidenced by a resolution of the Board of Directors, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, companies or organizations, which, in the judgment of the Board of Directors, will not present any organizations listed by Executive on his annual conflict of interest with the Company or its affiliates, or materially affect the performance of Executive's duties pursuant to this Agreement. reporting. (c) The Bank or the Company (as they shall determine), will furnish Executive with the working facilities and staff customary for executive officers with the title titles and duties set forth in this Agreement and as are necessary for him to perform his duties. The location of such facilities and staff shall be at the principal administrative offices of the Bank. 2. Term. (a) Unless otherwise extended pursuant to Section 2(b) of this Agreement, the term of this Agreement shall expire on October 1, 2018. (b) The Compensation Committees of the Boards of Directors of the Company and Bank will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement for an additional year. The Chairman of the Boards of Directors will give notice to the Executive as soon as possible if the Boards have decided not to extend the Agreement. (c) Notwithstanding anything contained in this Agreement to the contrary, either Executive, the Company or the Bank may terminate Executive's employment at any time during the term of this Agreement, subject to the terms and conditions of this Agreement. View More
Position and Responsibilities. (a) During the period of Executive's employment under this Agreement, Executive agrees to serve as Executive Vice President and Chief Executive Operating Officer of the Bank Company and Bank. Executive shall have responsibility for the Company. Executive general management and control of the business and affairs of the Company and its subsidiaries, including the Bank, and shall perform all duties and shall have all powers which are commonly incident to the offices of the Executive Vice President... and Chief Executive Officer, which Operating Officer or which, consistent with the office, those offices, are delegated to him by the Board of Directors of the Bank or the Company (collectively referred to herein unless otherwise stated as the "Board of Directors"). and Bank. (b) During the period of Executive's employment under this Agreement, except for periods of absence occasioned by illness, vacation, and reasonable leaves of absence, Executive shall devote substantially all of his business time, attention, skill and efforts to the faithful performance of his duties under this Agreement, including activities and services related to the organization, operation and management of the Company and its affiliates, subsidiaries, including the Bank, as well as participation in community, professional and civic organizations; provided, however, that, with the approval of the Board of Directors, as evidenced by a resolution of the Board of Directors, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, companies or organizations, which, in the judgment of the Board of Directors, will not present any organizations listed by Executive on his annual conflict of interest with the Company or its affiliates, or materially affect the performance of Executive's duties pursuant to this Agreement. reporting. (c) The Bank or the Company (as they shall determine), will furnish Executive with the working facilities and staff customary for executive officers with the title titles and duties set forth in this Agreement and as are necessary for him to perform his duties. The location of such facilities and staff shall be at the principal administrative offices of the Bank. 2. Term. (a) Unless otherwise extended pursuant to Section 2(b) of this Agreement, the term of this Agreement shall expire on October 1, 2017. (b) The Compensation Committees of the Boards of Directors of the Company and Bank will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement for an additional year. The Chairman of the Boards of Directors will give notice to the Executive as soon as possible if the Boards have decided not to extend the Agreement. (c) Notwithstanding anything contained in this Agreement to the contrary, either Executive, the Company or the Bank may terminate Executive's employment at any time during the term of this Agreement, subject to the terms and conditions of this Agreement. View More
Position and Responsibilities. (a) Positions. During the period of Executive's employment under this Agreement, Executive agrees to serve as Executive Vice President and Chief Lending Officer of the Bank. (b) Responsibilities. As Executive Vice President and Chief Lending Officer of the Bank, Executive shall perform all duties and have all powers that are commonly incident to such offices or which, consistent with such offices, may be delegated to Executive by the President and Chief Executive Officer of the Bank and the Comp...any. Executive shall perform all duties and shall have all powers which are commonly incident Bank, including but not limited to the offices day to day lending operations of the President and Chief Executive Officer, which consistent with the office, are delegated to him by the Board of Directors of the Bank or the Company (collectively referred to herein unless otherwise stated as the "Board of Directors"). (b) Bank. During the period of Executive's employment under this Agreement, except for periods of absence occasioned by illness, vacation, and or other reasonable leaves of absence, Executive shall devote substantially all of his business time, attention, skill and efforts to the faithful performance of his duties under this Agreement, including activities and services related to the organization, operation and management of the Company the Bank and its affiliates, as well as participation in community, professional and civic organizations; provided, however, that, with the approval of the Board of Directors, Bank's Board, as evidenced by a resolution of the Board of Directors, from time to time, thereof, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, any such other companies or organizations, which, organizations that, in the judgment of the Board of Directors, Bank's Board, will not present any conflict of interest with the Company Bank or its affiliates, or materially affect the negatively impact or interfere with Executive's performance of Executive's his duties pursuant to this Agreement. (c) Working Facilities. The Bank will furnish Executive with the working facilities and staff customary for executive officers with the title and duties set forth in this Agreement and as are necessary for him to perform his duties. The location of such facilities and staff shall be at the principal administrative offices main office of the Bank. Bank or such other office as may be agreed upon from time to time by the parties. View More
Position and Responsibilities. (a) During the period of Executive's employment under this Agreement, Executive agrees to serve as Executive Vice President and Chief Executive Lending Officer of the Bank Company and of the Company. Bank. Executive shall have responsibility for the general management and control of the business and affairs of the Company and its affiliates and shall perform all duties and shall have all powers which are commonly incident to the offices of the Executive Vice President and Chief Executive Officer..., which Lending Officer or which, consistent with the office, those offices, are delegated to him by the President and Chief Executive Officer or the Board of Directors of the Bank or the Company (collectively referred to herein unless otherwise stated as the (the "Board of Directors"). Directors"), and Executive shall report directly to the President and Chief Executive Officer. (b) During the period of Executive's employment under this Agreement, except for periods of absence occasioned by illness, vacation, and reasonable leaves of absence, Executive shall devote substantially all of his business time, attention, skill and efforts to the faithful performance of his duties under this Agreement, including activities and services related to the organization, operation and management of the Company and its affiliates, as well as participation in community, professional and civic organizations; provided, however, that, with organizations, which may promote the approval business affairs of the Board of Directors, as evidenced by a resolution of the Board of Directors, from time to time, Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, companies or organizations, which, in the judgment of the Board of Directors, will not present any conflict of interest with the Company or its affiliates, or materially affect the performance of Executive's duties pursuant to this Agreement. Company. (c) The Bank Company will furnish Executive with the working facilities and staff customary for executive officers with the title titles and duties set forth in this Agreement and as are necessary for him to perform his duties. The location of such facilities and staff shall be at the principal administrative offices of Executive Offices, or such other location as is mutually agreed to between the Bank. Company and Executive. View More
Position and Responsibilities. (a) During the period of Executive's employment under this Agreement, Executive agrees to serve as President Chief Financial Officer and Chief Executive Officer Treasurer of the Bank and the Company. Executive shall perform all duties and shall have all powers which are commonly incident to the offices of the President Chief Financial Officer and Chief Executive Officer, which Treasurer or which, consistent with the office, those offices, are delegated to him her by the Board of Directors of the...Bank or the Company (collectively referred to herein unless otherwise stated as the (the "Board of Directors"). (b) During the period of Executive's employment under this Agreement, except for periods of absence occasioned by illness, vacation, and reasonable leaves of absence, Executive shall devote substantially all of his her business time, attention, skill and efforts to the faithful performance of his her duties under this Agreement, including activities and services related to the organization, operation and management of the Company and its affiliates, as well as participation in community, professional and civic organizations; provided, however, that, with the approval of the Board of Directors, as evidenced by a resolution of the Board of Directors, from time to time, that Executive may serve, or continue to serve, on the boards of directors of, and hold any other offices or positions in, companies or organizations, which, in the judgment of the Board of Directors, will not present any organizations listed by Executive on her annual conflict of interest with the Company or its affiliates, or materially affect the performance of Executive's duties pursuant to this Agreement. reporting. (c) The Bank Company will furnish Executive with the working facilities and staff customary for executive officers with the title titles and duties set forth in this Agreement and as are necessary for him her to perform his her duties. The location of such facilities and staff shall be at the principal administrative offices of the Bank. Company. View More
