Position and Responsibilities Clause Example with 9 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) Employment. During the Term (as defined in Section 2(a)) of this Agreement, the Executive agrees to serve as President and Chief Executive Officer of the Bank and the Company or any successor executive position with the Bank and the Company that is consented to, in writing, by the Executive (the "Executive Position"), and will perform the duties of and have all powers associated with the Executive Position as are appropriate for a person in the position of the Executive Position, as well as ...those as shall be assigned by the Board of Directors of the Bank (the "Board of Directors"). As President and Chief Executive Officer, the Executive will report directly to the Board of Directors. During the period provided for in this Agreement, the Executive also agrees to serve, if elected, as an officer, director or trustee of any subsidiary or affiliate of the Bank and in such capacity to carry out the duties and responsibilities reasonably appropriate to any such position. (b) Responsibilities. During the Executive's employment hereunder, the Executive will be employed on a full-time basis and devote the Executive's full business time and best efforts, business judgment, skill and knowledge to the performance of the Executive's duties and responsibilities related to the Executive Position. Except as otherwise provided in Section 1(c), or as may be approved by the Board of Directors, the Executive will not engage in any other business activity during the term of this Agreement. (c) Service on Other Boards and Committees. The Bank encourages participation by the Executive on community boards and committees and in activities generally considered to be in the public interest, but the Board of Directors shall have the right to approve or disapprove, in its sole discretion, the Executive's participation on those boards and committees.View More
Variations of a "Position and Responsibilities" Clause from Business Contracts
Position and Responsibilities. (a) Employment. During Except as provided for in this Section 1(a), during the Term (as defined in Section 2(a)) of this Agreement, the Executive agrees to serve as President and President, Chief Executive Officer and Senior Lending Officer of the Bank and the Company or any successor executive position position(s) with the Bank and the Company that is consented to, in writing, by the Executive (the "Executive Position"), and will perform the duties of and have all powers associated with the Exe...cutive Position as are appropriate for a person in the position of the Executive Position, as well as those as shall be assigned by the Board of Directors of the Bank (the "Board of Directors"). As However, the Bank and the Executive agree that the Executive will serve as the Chief Operating Officer and Chief Risk Officer of the Bank commencing as of the employment start date of a new President and Chief Executive Officer, Officer of the Bank and at that time, the new Executive Position will be that of Chief Operating Officer and Chief Risk Officer. The Executive agrees to voluntarily relinquish his title as Senior Lending Officer at the time the Bank employs a new Senior Lending Officer. As the President, Chief Executive Officer and Senior Lending Officer of the Bank, the Executive will report directly to the Board of Directors. As Chief Operating Officer, Chief Risk Officer and Senior Lending Officer, the Executive will report to directly to the President and Chief Executive Officer. During the period provided for in this Agreement, the Executive also agrees to serve, if elected, as an officer, director or trustee of any subsidiary or affiliate of the Bank and in such capacity to carry out the duties and responsibilities reasonably appropriate to any such position. (b) Responsibilities. During the Executive's employment hereunder, the Executive will be employed on a full-time basis and the Executive will devote the Executive's his full business time and best efforts, business judgment, skill and knowledge to the performance of the Executive's duties and responsibilities related to the Executive Position. Except as otherwise provided in Section 1(c), or as may be approved by the Board of Directors, the Executive will not engage in any other business activity during the term of this Agreement. (c) Service on Other Boards and Committees. The Bank encourages participation by the Executive on community boards and committees and in activities generally considered to be in the public interest, but the Board of Directors shall have the right to approve or disapprove, in its sole discretion, the Executive's participation on those boards and committees. View More
Position and Responsibilities. (a) Employment. During the Term (as defined in Section 2(a)) of this Agreement, the 2(a) below), Executive agrees to serve as Senior Executive Vice President and Chief Executive Financial Officer of the Bank and the Company or any successor executive position with the Bank and the Company that is agreed to and consented to, in writing, by the Executive (the "Executive Position"), and will perform the duties of and will have all powers associated with the Executive Position as are appropriate for... a person in the position of the Executive Position, as well as those as shall be assigned by the Board of Directors of Company or the Bank (the "Board of Directors"). As President and Chief Executive Officer, the "Board"). Executive will report directly to the Board of Directors. Chief Executive Officer. During the period provided for in this Agreement, the Executive also agrees to serve, if elected, as an officer, director or trustee of any subsidiary or affiliate of the Bank and in such capacity to carry out the such duties and responsibilities reasonably appropriate to any such position. that office. (b) Responsibilities. During the Executive's employment hereunder, the Executive will be employed on a full-time basis and devote the Executive's full business time and best efforts, business judgment, skill and knowledge to the performance of the Executive's duties and responsibilities related to the Executive Position. Except as otherwise provided in Section 1(c), or as may be approved by the Board of Directors, the 1(d), Executive will not engage in any other business activity during the term of this Agreement. Agreement except as may be approved by the Board. (c) Principal Place of Employment. Executive's principal place of employment during the Term shall be at 500 Hills Drive, Bedminster, NJ 07921 or any other location(s) at which the Bank and Executive mutually agree. (d) Service on Other Boards and Committees. The Bank encourages participation by the Executive on community boards and committees and in activities generally considered to be in the public interest, but the Board of Directors shall have the right to approve or disapprove, in its sole discretion, the Executive's participation on those such boards and committees. View More
Position and Responsibilities. (a) Employment. During the Term (as defined in Section 2(a)) term of this Agreement, the Executive agrees to serve as President and Chief Executive Officer of the Bank and the Company or any successor executive position with the Bank and the Company that is agreed to and consented to, in writing, by the Executive (the "Executive Position"), and will perform the duties of and will have all powers associated with the Executive Position as are appropriate for a person in the position of the Executi...ve Position, as well as those as shall be reasonably assigned by the Board of Directors of the Bank (the "Board of Directors"). As President and Chief Executive Officer, the Executive will report directly to the Board of Directors. "Board"). During the period provided for in this Agreement, the Executive also agrees to serve, if elected, as an officer, officer or director or trustee of any subsidiary or affiliate of the Bank and in such capacity to carry out the such duties and responsibilities reasonably appropriate to any such position. that office. Executive's primary office will be located at the Bank's corporate office located at 401 Fair Meadow Drive, Webster City, Iowa 50595. (b) Responsibilities. During the Executive's employment hereunder, the Executive will shall be employed on a full-time basis and shall devote the Executive's full business time and best efforts, business judgment, skill and knowledge to the performance of the Executive's duties and responsibilities related to the Executive Position. Except as otherwise provided in Section 1(c), or as may be approved by the Board of Directors, the Executive will shall not engage in any other business activity during the term of this Agreement. Agreement except as may be approved by the Board. (c) Service on Other Boards and Committees. The Bank encourages participation by the Executive on community boards and committees and in activities generally considered to be in the public interest, but the Board of Directors shall have the right to approve or disapprove, in its sole discretion, the Executive's participation on those such boards and committees. View More
Position and Responsibilities. (a) Employment. During the Term (as defined in Section 2(a)) of this Agreement, the Executive agrees to serve as President and Chief Executive Officer Chairman of the Board of Directors of the Bank and the Company or any successor executive position with the Bank and the Company that is consented to, in writing, by the Executive (the "Executive Position"), and will perform the duties of and have all powers associated with the Executive Position as are appropriate for a person in the position of ...the Executive Position, as well as those as shall be assigned by the Board of Directors of the Bank (the "Board of Directors"). As President and Chief Executive Officer, Chairman of the Board of Directors, the Executive will report directly to the Board of Directors. During the period provided for in this Agreement, the Executive also agrees to serve, if elected, as an officer, director or trustee of any subsidiary or affiliate of the Bank and in such capacity to carry out the duties and responsibilities reasonably appropriate to any such position. (b) Responsibilities. During the Executive's employment hereunder, the Executive will be employed on a full-time basis basis, or at the level agreed to by the Executive and the Board of Directors, and the Executive will devote the Executive's his full business time and best efforts, business judgment, skill and knowledge to the performance of the Executive's duties and responsibilities related to the Executive Position. Except as otherwise provided in Section 1(c), or as may be approved by the Board of Directors, the Executive will not engage in any other business activity during the term of this Agreement. The role of Executive Chairman of the Board of Directors is to (i) oversees the activities of top management and provide overall leadership to the financial institution, (ii) collaborate with the chief executive officer in establishing institution objectives, plans, and policies, (iii) monitor compliance activity on a continuous basis, (iv) monitor all other regulatory and legislative activities on a continuous basis and keep the Board of Directors of the Bank (the "Board of Directors") abreast of industry changes and (v) maintain strong contact with civic organizations, external auditors, regulators, borrowers, and depositors. (c) Service on Other Boards and Committees. The Bank encourages participation by the Executive on community boards and committees and in activities generally considered to be in the public interest, but the Board of Directors shall have the right to approve or disapprove, in its sole discretion, the Executive's participation on those boards and committees. View More
Position and Responsibilities. (a) Employment. During the Term (as defined in Section 2(a)) term of this Agreement, the Executive agrees to serve as President and Chief Executive Operating Officer of the Bank and the Company or any successor executive position with the Bank and the Company that is agreed to and consented to, in writing, by the Executive (the "Executive Position"), and will perform the duties of and will have all powers associated with the Executive Position as are appropriate for a person in the position of t...he Executive Position, as well as those as shall be assigned by the Board of Directors of the Bank (the "Board of Directors"). As President and Chief Executive Officer, the Executive will report directly to the Board of Directors. "Board"). During the period provided for in this Agreement, the Executive also agrees to serve, if elected, as an officer, officer or director or trustee of any subsidiary or affiliate of the Bank and in such capacity to carry out the such duties and responsibilities reasonably appropriate to any such position. that office. (b) Responsibilities. During the Executive's employment hereunder, the Executive will shall be employed on a full-time basis and shall devote the Executive's full business time and best efforts, business judgment, skill and knowledge to the performance of the Executive's duties and responsibilities related to the Executive Position. Except as otherwise provided in Section 1(c), or as may be approved by the Board of Directors, the Executive will shall not engage in any other business activity during the term of this Agreement. Agreement except as may be approved by the Board. (c) Service on Other Boards and Committees. The Bank encourages participation by the Executive on community boards and committees and in activities generally considered to be in the public interest, but the Board of Directors shall have the right to approve or disapprove, in its sole discretion, the Executive's participation on those such boards and committees. View More
Position and Responsibilities. (a) Employment. During the Term (as defined in Section 2(a)) term of this Agreement, the Executive agrees to serve as President and Chief Executive Officer of the Bank and the Company or any successor executive position with the Bank and the Company that is agreed to and consented to, in writing, by the Executive (the "Executive Position"), and will perform the duties of and will have all powers associated with the Executive Position as are appropriate for a person in the position of the Executi...ve Position, as well as those as shall be assigned by the Board of Directors of the Bank (the "Board of Directors"). As President and Chief Executive Officer, the Executive will report directly to the Board of Directors. "Board"). During the period provided for in this Agreement, the Executive also agrees to serve, if elected, as an officer, officer or director or trustee of any subsidiary or affiliate of the Bank and in such capacity to carry out the such duties and responsibilities reasonably appropriate to any such position. that office. (b) Responsibilities. During the Executive's employment hereunder, the Executive will shall be employed on a full-time basis and shall devote the Executive's full business time and best efforts, business judgment, skill and knowledge to the performance of the Executive's duties and responsibilities related to the Executive Position. Except as otherwise provided in Section 1(c), or as may be approved by the Board of Directors, the Executive will shall not engage in any other business activity during the term of this Agreement. Agreement except as may be approved by the Board. (c) Service on Other Boards and Committees. The Bank encourages participation by the Executive on community boards and committees and in activities generally considered to be in the public interest, but the Board of Directors shall have the right to approve or disapprove, in its sole discretion, the Executive's participation on those such boards and committees. View More
Position and Responsibilities. (a) Employment. During the Term (as defined in Section 2(a)) term of this Agreement, the Executive agrees to serve as President and Chief Executive Officer of the Bank and the Company or any successor executive position with the Bank and the Company that is agreed to and consented to, in writing, by the Executive (the "Executive Position"), and will perform the duties of and will have all powers associated with the Executive Position as are appropriate for a person in the position of the Executi...ve Position, as well as those as shall be assigned by the Board of Directors of the Bank (the "Board of Directors"). "Board"). As President and Chief Executive Officer, the Executive will report directly to the Board of Directors. Board. During the period provided for in this Agreement, the Executive also agrees to serve, if elected, as an officer, director or trustee of any subsidiary or affiliate of the Bank and in such capacity to carry out the such duties and responsibilities reasonably appropriate to any such position. that office. (b) Responsibilities. During the Executive's employment hereunder, the Executive will be employed on a full-time basis and devote the Executive's full business time and best efforts, business judgment, skill and knowledge to the performance of the Executive's duties and responsibilities related to the Executive Position. Except as otherwise provided in Section 1(c), or as may be approved by the Board of Directors, the Executive will not engage in any other business activity during the term of this Agreement. Agreement except as may be approved by the Board. (c) Service on Other Boards and Committees. The Bank encourages participation by the Executive on community boards and committees and in activities generally considered to be in the public interest, but the Board of Directors shall have the right to approve or disapprove, in its sole discretion, the Executive's participation on those such boards and committees. View More
Position and Responsibilities. (a) Employment. During the Term (as defined in Section 2(a)) of this Agreement, the Executive agrees to serve as President Executive Chairman of the Board of Directors of the Company and Chief as Executive Officer Vice Chairman of the Board of Directors of the Bank and the Company (the "Executive Position"), or any successor executive position with the Bank and the Company that is consented to, to in writing, writing by the Executive (the "Executive Position"), Executive, and will perform the du...ties of and have all powers associated with the Executive Position as are appropriate for a person in the position of the Executive Position, as well as those as shall be assigned by the Board of Directors of the Bank and/or the Company (the "Board of Directors"). As President and Chief Executive Officer, an executive officer, the Executive will report directly to the Board of Directors. Chief Executive Officer. During the period provided for in term of this Agreement, the Executive also agrees to serve, if elected, as an officer, director or trustee of any subsidiary or affiliate of the Bank and the Company and in such capacity to carry out the duties and responsibilities reasonably appropriate to any such position. (b) Responsibilities. During the Executive's employment hereunder, the Executive will be employed on a full-time basis and devote the Executive's full business time and best efforts, business judgment, skill and knowledge to the performance of the Executive's duties and responsibilities related to the Executive Position. Position, as set forth in Exhibit A. Except as otherwise provided in Section 1(c), or as may be approved by the Board of Directors, the Executive will not engage in any other business activity during the term of this Agreement. Agreement; provided, however, that the foregoing shall not prohibit Executive from making passive investments in public or private entities that do not compete with Bank. (c) Service on Other Boards and Committees. The Bank encourages participation by the Executive on community boards and committees and in activities generally considered to be in the public interest, but the Board of Directors shall have the right to approve or disapprove, in its sole discretion, the Executive's participation on those boards and committees. Attached hereto as Exhibit B is a list of the community boards and committees on which Executive currently serves, which are deemed approved by the Board of Directors. View More
Position and Responsibilities. (a) Employment. During the Term (as defined in Section 2(a)) 2(a) below) of this Agreement, the Executive agrees to serve as President and Chief Executive Officer of the Bank and the Company or any successor executive position with the Bank and the Company that is consented to, in writing, by the Executive (the "Executive Position"), and will perform the duties of and have all powers associated with the Executive Position as are appropriate for a person in the position of the Executive Position,... as well as those as shall be assigned by the Board of Directors of the Bank (the "Board of Directors"). "Board"). As President and Chief Executive Officer, the Executive will report directly to the Board of Directors. Board. During the period provided for in this Agreement, the Executive also agrees to serve, if elected, as an officer, director or trustee of any subsidiary or affiliate of the Bank and in such capacity to carry out the such duties and responsibilities reasonably appropriate to any such position. that office. (b) Responsibilities. During the Executive's employment hereunder, the Executive will be employed on a full-time basis and devote the Executive's full business time and best efforts, business judgment, skill and knowledge to the performance of the Executive's duties and responsibilities related to the Executive Position. Except as otherwise provided in Section 1(c), 1(c) or as may be approved by the Board of Directors, the Board, Executive will not engage in any other business activity during the term of this Agreement. (c) Service on Other Boards and Committees. The Bank encourages participation by the Executive on community boards and committees and in activities generally considered to be in the public interest, but the Board of Directors shall have the right to approve or disapprove, in its sole discretion, the Executive's participation on those such boards and committees. View More
