Position Clause Example with 16 Variations from Business Contracts
This page contains Position 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. (a) Duties. The principal duties of the Executive shall be to serve in the position of President, Chief Executive Officer and Secretary of the Company and as a member of the board of directors of the Company (the "Board"). As President, Chief Executive Officer and Secretary, the Executive shall render full time services to the Company as the principal executive officer of the Company and shall be responsible for all aspects of the business of the Company, including drug development and business ...operations, and shall be responsible for the development and implementation of strategic development plans of the Company, all subject to the direction and control of the Board. Further responsibilities may include such other duties as would be consistent with those duties and responsibilities normally associated with such positions in corporations of similar size and nature to the Company, and to render such other services as are reasonably necessary or desirable to protect and advance the best interests of the Company. (b) Devotion of Time to Company's Business. The Executive shall use his best efforts, skills and abilities to promote and protect the interests of the Company and devote substantially all of his working time and energies to the business and affairs of the Company. Notwithstanding anything to the contrary contained herein, the Executive (i) may serve on the board(s) of additional companies or organizations and receive compensation for such services rendered and (ii) may engage in charitable, civic, fraternal, professional and trade association activities, provided that in each such case the activities engaged in by the Executive do not materially interfere with his primary obligations to the Company and do not materially reduce the amount of his working time devoted to the business and affairs of the Company. (c) Directors and Officers Liability Insurance. During the Term and for a period of six years thereafter, the Company, or any successor to the Company resulting from a change in control, shall maintain a directors and officers liability insurance policy (or policies) in a minimum amount of $3,000,000 which shall provide comprehensive coverage to Executive. (d) Best Efforts. The Executive shall use his best efforts to carry out and successfully complete the assignments, tasks and job activities required, from time to time, to be performed to carry out Executive's duties and responsibilities during the Term. The Executive's duties and assignments shall be undertaken at such location(s) as may be determined from time to time by the Company, but in no event shall Executive be required to perform his duties on a regular basis at any location more than 25 miles from the location where Executive regularly performs his duties for the Company immediately prior to the Effective Date. (e) Company Rules, Policies and Regulations. The Executive shall, at all times, conduct himself in a professional manner and adhere to the standards, ethical obligations, rules, policies, regulations and procedures of the Company which are presently in force or which may be established from time to time by the Company. Executive shall take no intentional action that violates any law, rule or regulation whatsoever while acting in his capacity as employee.View More
Variations of a "Position" Clause from Business Contracts
Position. (a) Duties. The principal duties duty of the Executive shall be to serve in the position of President, Chief Executive Officer and Secretary Chief Financial Officer of the Company and as a member of the board of directors of the Company (the "Board"). As President, Chief Executive Officer and Secretary, Company. In such capacity, the Executive shall render full time services to the Company as the principal executive officer of the Company and shall be responsible for all aspects the operation an...d management of the business of the Company, including drug development and business operations, and shall be responsible for the development and implementation of strategic development plans of the Company, all subject to the direction and control of the Board. Further responsibilities may include such other duties as would be consistent with those duties and responsibilities normally associated with such positions in corporations Board of similar size and nature Directors of the Company (the "Board"). All references to the Company, and to render such other services as are reasonably necessary or desirable to protect and advance the best interests "Board" in this Agreement shall include any committee of the Company. Board (including the Compensation Committee of the Board) that has been or is in the future delegated the power of the Board to oversee and manage the compensation of the Company's officers and employees. (b) Devotion of Time to Company's Business. The Executive shall use his best efforts, skills and abilities to promote and protect the interests of the Company and devote substantially all of his sufficient working time and energies to the business and affairs of the Company. Notwithstanding anything to the contrary contained herein, the Executive (i) may serve on the board(s) of additional companies or organizations or perform consulting services for other companies and receive compensation for such services rendered provided all such activities are disclosed to the Board, and (ii) may engage in charitable, civic, fraternal, professional and academic, professional, trade association activities, or other activities on behalf of private companies and receive compensation for such services rendered, provided that in each such case the activities engaged in by the Executive do not materially interfere with his primary obligations to the Company Company, and do not materially reduce the amount of his working time devoted to the business and affairs of compete with the Company. (c) Directors and Officers Liability Insurance. During the Term and for a period of six years thereafter, the Company, or any successor to the Company resulting from a change in control, shall maintain a directors and officers liability insurance policy (or policies) in a minimum amount of $3,000,000 $5,000,000 which shall provide comprehensive coverage to the Executive. (d) Best Efforts. The Executive shall use his best efforts to carry out and successfully complete the assignments, tasks and job activities required, from time to time, to be performed to carry out the Executive's duties and responsibilities during the Term. The Executive's duties and assignments shall be undertaken at such location(s) as may be determined mutually agreed from time to time by the Company, but in no event shall Executive be required to perform his duties on a regular basis at any location more than 25 miles from and the location where Executive regularly performs his duties for the Company immediately prior to the Effective Date. Company. (e) Company Rules, Policies and Regulations. The Executive shall, at all times, conduct himself in a professional manner and adhere to the standards, ethical obligations, rules, policies, regulations and procedures of the Company which are presently in force or which may be established from time to time by the Company. the Executive shall take no intentional action that violates any law, rule or regulation whatsoever while acting in his capacity as employee. (f) Indemnification. The Company shall fully indemnify and hold the Executive harmless, to the fullest extent permitted by the law, from any and all costs, charges, liability, damages and expenses (including advancement of reasonable attorneys' fees) incurred or sustained in connection with any action, suit or proceeding to which the Executive may be made a party by reason of the Executive's being or having been a Director, Officer or employee of the Company or any of its affiliates or employee benefit plans, such indemnification to be consistent with the Company's terms and coverages under its insurance coverages and subject to prior written notice of and written consent by its insurance providers, which consent shall not be unreasonably withheld. Notwithstanding anything herein to the contrary, in the event that such costs, charges, liability, damages and/or expenses exceed that which is reimbursed by the Company's insurance providers, the Company shall indemnify the Executive to the maximum extent permitted by law. The provisions of this Section shall survive the termination and expiration of this Agreement for any reason, including any acts and omissions to act occurring after the termination or expiration of this Agreement. (g) Director Position. Nothing contained in this Agreement shall impact the Employee's right to remain a director of the Company. View More
Position. (a) Duties. The principal duties duty of the Executive shall be to serve in the position of President, Chief Executive Financial Officer and Secretary Chief Investment Officer of the Company and as a member of the board of directors of the Company (the "Board"). As President, Chief Executive Officer and Secretary, Company. In such capacity, the Executive shall render full time services to the Company as the principal executive officer of the Company and shall be responsible for all aspects of th...e business of the Company, including drug development and business operations, and shall be responsible for the development and implementation of strategic development plans finances of the Company, all subject to the direction and control of the Board. Further responsibilities may include such other duties as would be consistent with those duties and responsibilities normally associated with such positions in corporations Board of similar size and nature Directors of the Company (the "Board"). All references to the Company, and to render such other services as are reasonably necessary or desirable to protect and advance the best interests "Board" in this Agreement shall include any committee of the Company. Board (including the Compensation Committee of the Board) that has been or is in the future delegated the power of the Board to oversee and manage the compensation of the Company's officers and employees. (b) Devotion of Time to Company's Business. The Executive shall use his best efforts, skills and abilities to promote and protect the interests of the Company and devote substantially all of his sufficient working time and energies to the business and affairs of the Company. Notwithstanding anything to the contrary contained herein, the Executive (i) may serve on the board(s) of additional companies or organizations and receive compensation for such services rendered rendered, and (ii) may engage in charitable, civic, fraternal, professional and academic, professional, trade association activities, or other activities on behalf of private companies and receive compensation for such services rendered, provided that in each such case the activities engaged in by the Executive do not materially interfere with his primary obligations to the Company Company, and do not materially reduce the amount of his working time devoted to the business and affairs of compete with the Company. (c) Directors and Officers Liability Insurance. During the Term and for a period of six years thereafter, the Company, or any successor to the Company resulting from a change in control, shall maintain a directors and officers liability insurance policy (or policies) in a minimum amount of $3,000,000 $5,000,000 which shall provide comprehensive coverage to Executive. (d) Best Efforts. The Executive shall use his best efforts to carry out and successfully complete the assignments, tasks and job activities required, from time to time, to be performed to carry out Executive's duties and responsibilities during the Term. The Executive's duties and assignments shall be undertaken at such location(s) as may be determined from time to time by the Company, but in no event shall Executive be required to perform his duties on a regular basis at any location more than 25 miles from the location where Executive regularly performs his duties for the Company immediately prior to the Effective Date. (e) Company Rules, Policies and Regulations. The Executive shall, at all times, conduct himself in a professional manner and adhere to the standards, ethical obligations, rules, policies, regulations and procedures of the Company which are presently in force or which may be established from time to time by the Company. Executive shall take no intentional action that violates any law, rule or regulation whatsoever while acting in his capacity as employee. (f) Indemnification. The Company shall fully indemnify and hold Executive harmless, to the fullest extent permitted by the law, from any and all costs, charges, liability, damages and expenses (including advancement of reasonable attorneys' fees) incurred or sustained in connection with any action, suit or proceeding to which Executive may be made a party by reason of Executive's being or having been a Director, Officer or employee of the Company or any of its affiliates or employee benefit plans, such indemnification to be consistent with the Company's terms and coverages under its insurance coverages and subject to prior written notice of and written consent by its insurance providers, which consent shall not be unreasonably withheld. Notwithstanding anything herein to the contrary, in the event that such costs, charges, liability, damages and/or expenses exceed that which is reimbursed by the Company's insurance providers, the Company shall indemnify Executive to the maximum extent permitted by law. The provisions of this Section shall survive the termination and expiration of this Agreement for any reason, including any acts and omissions to act occurring after the termination or expiration of this Agreement. View More
Position. (a) Duties. The principal duties duty of the Executive shall be to serve in the position of President, Chief Executive Officer and Secretary of the Company and as a member of the board of directors of the Company (the "Board"). As President, Chief Executive Officer and Secretary, Company. In such capacity, the Executive shall render full time services to the Company as the principal executive officer of the Company and shall be responsible for all aspects the operation and management of the busi...ness of the Company, including drug development and business operations, and shall be responsible for the development and implementation of strategic development plans of the Company, all subject to the direction and control of the Board. Further responsibilities may include such other duties as would be consistent with those duties and responsibilities normally associated with such positions in corporations Board of similar size and nature Directors of the Company (the "Board"). All references to the Company, and to render such other services as are reasonably necessary or desirable to protect and advance the best interests "Board" in this Agreement shall include any committee of the Company. Board (including the Compensation Committee of the Board) that has been or is in the future delegated the power of the Board to oversee and manage the compensation of the Company's officers and employees. (b) Devotion of Time to Company's Business. The Executive shall use his best efforts, skills and abilities to promote and protect the interests of the Company and devote substantially all of his sufficient working time and energies to the business and affairs of the Company. Notwithstanding anything to the contrary contained herein, the Executive (i) may serve on the board(s) of additional companies or organizations and receive compensation for such services rendered rendered, and (ii) may engage in charitable, civic, fraternal, professional and academic, professional, trade association activities, or other activities on behalf of private companies and receive compensation for such services rendered, provided that in each such case the activities engaged in by the Executive do not materially interfere with his primary obligations to the Company Company, and do not materially reduce the amount of his working time devoted to the business and affairs of compete with the Company. (c) Directors and Officers Liability Insurance. During the Term and for a period of six years thereafter, the Company, or any successor to the Company resulting from a change in control, shall maintain a directors and officers liability insurance policy (or policies) in a minimum amount of $3,000,000 $5,000,000 which shall provide comprehensive coverage to Executive. (d) Best Efforts. The Executive shall use his best efforts to carry out and successfully complete the assignments, tasks and job activities required, from time to time, to be performed to carry out Executive's duties and responsibilities during the Term. The Executive's duties and assignments shall be undertaken at such location(s) as may be determined from time to time by the Company, but in no event shall Executive be required to perform his duties on a regular basis at any location more than 25 miles from the location where Executive regularly performs his duties for the Company immediately prior to the Effective Date. (e) Company Rules, Policies and Regulations. The Executive shall, at all times, conduct himself in a professional manner and adhere to the standards, ethical obligations, rules, policies, regulations and procedures of the Company which are presently in force or which may be established from time to time by the Company. Executive shall take no intentional action that violates any law, rule or regulation whatsoever while acting in his capacity as employee. (f) Indemnification. The Company shall fully indemnify and hold Executive harmless, to the fullest extent permitted by the law, from any and all costs, charges, liability, damages and expenses (including advancement of reasonable attorneys' fees) incurred or sustained in connection with any action, suit or proceeding to which Executive may be made a party by reason of Executive's being or having been a Director, Officer or employee of the Company or any of its affiliates or employee benefit plans, such indemnification to be consistent with the Company's terms and coverages under its insurance coverages and subject to prior written notice of and written consent by its insurance providers, which consent shall not be unreasonably withheld. Notwithstanding anything herein to the contrary, in the event that such costs, charges, liability, damages and/or expenses exceed that which is reimbursed by the Company's insurance providers, the Company shall indemnify Executive to the maximum extent permitted by law. The provisions of this Section shall survive the termination and expiration of this Agreement for any reason, including any acts and omissions to act occurring after the termination or expiration of this Agreement. View More
Position. (a) Duties. The principal duties of the Executive shall be to serve in the position of President, Chief Executive Officer and Secretary of the Company and as a member of the board of directors of the Company (the "Board"). As President, Chief Executive Officer and Secretary, Officer, the Executive shall render full time services to the Company as the principal executive officer of the Company and shall be responsible for all aspects of the business of the Company, including drug development and ...business operations, and shall be responsible for the development and implementation of strategic development plans of the Company, all subject to the direction and control of the Board. Further responsibilities may Responsibilities will include such other duties as would be consistent with those duties and responsibilities normally associated with such positions Chief Executive Officers in corporations of similar size and nature to the Company, and to render such other services as are reasonably necessary or desirable to protect and advance the best interests of the Company. Executive shall primarily perform his duties from an office location in Nassau County, New York. (b) Devotion of Time to Company's Business. The Executive shall use his best efforts, skills and abilities to promote and protect the interests of the Company and devote substantially all of his working time and energies to the business and affairs of the Company. Notwithstanding anything to the contrary contained herein, the Executive (i) may serve on the board(s) of additional companies or organizations and receive compensation for such services rendered and (ii) may engage in charitable, civic, fraternal, professional and trade association activities, provided that in each such case the activities engaged in by the Executive do not materially interfere with his primary obligations to the Company and do not materially reduce the amount of his working time devoted to the business and affairs of the Company. (c) Directors and Officers Liability Insurance. During the Term and for a period of six years thereafter, the Company, or any successor to the Company resulting from a change in control, shall maintain a directors and officers liability insurance policy (or policies) in a minimum amount of $3,000,000 which shall provide comprehensive coverage to Executive. (d) Best Efforts. The Executive shall use his best efforts to carry out and successfully complete the assignments, tasks and job activities required, from time to time, to be performed to carry out Executive's duties and responsibilities during the Term. The Executive's duties and assignments shall be undertaken at such location(s) as may be determined from time to time by the Company, but in no event shall Executive be required to perform his duties on a regular basis at any location more than 25 miles from the location where Executive regularly performs his duties for the Company immediately prior to the Effective Date. (e) Company Rules, Policies and Regulations. The Executive shall, at all times, conduct himself in a professional manner and adhere to the standards, ethical obligations, rules, policies, regulations and procedures of the Company which are presently in force or which may be established from time to time by the Company. Executive shall take no intentional action that violates any law, rule or regulation whatsoever while acting in his capacity as employee. View More
Position. (a) Duties. The principal duties duty of the Executive shall be to serve in the position of President, Chief Executive Financial Officer and Secretary of the Company and as a member of the board of directors of the Company (the "Board"). As President, Chief Executive Officer and Secretary, Company. In such capacity, the Executive shall render full time services to the Company as the principal executive officer of the Company and shall be responsible for all aspects of the business of the Company..., including drug development and business operations, and shall be responsible for the development and implementation of strategic development plans finances of the Company, all subject to the direction and control of the Board. Further responsibilities may include such other duties as would be consistent with those duties and responsibilities normally associated with such positions in corporations Board of similar size and nature Directors of the Company (the "Board"). All references to the Company, and to render such other services as are reasonably necessary or desirable to protect and advance the best interests "Board" in this Agreement shall include any committee of the Company. Board (including the Compensation Committee of the Board) that has been or is in the future delegated the power of the Board to oversee and manage the compensation of the Company's officers and employees. (b) Devotion of Time to Company's Business. The Executive shall use his best efforts, skills and abilities to promote and protect the interests of the Company and devote substantially all of his sufficient working time and energies to the business and affairs of the Company. Notwithstanding The Company acknowledges and agrees that the Executive has and will continue to have executive and management responsibilities to First Capital Real Estate Trust Incorporated and its subsidiaries and affiliates (collectively, "First Capital") and that nothing in this Agreement shall be construed to restrict or otherwise affect the obligations of the Executive to First Capital. Further, notwithstanding anything to the contrary contained herein, the Executive (i) may serve on the board(s) of additional companies or organizations and receive compensation for such services rendered and (ii) may engage in charitable, civic, fraternal, professional and professional, trade association activities, or other activities on behalf of private companies and receive compensation for such services rendered, provided that in each such case the activities engaged in by the Executive do not materially interfere with his primary obligations to the Company Company, and do not materially reduce the amount of his working time devoted to the business and affairs of compete with the Company. (c) Directors and Officers Liability Insurance. During the Term and for a period of six years thereafter, the Company, or any successor to the Company resulting from a change in control, shall maintain a directors and officers liability insurance policy (or policies) in a minimum amount of $3,000,000 $5,000,000 which shall provide comprehensive coverage to Executive. (d) Best Efforts. The Executive shall use his best efforts to carry out and successfully complete the assignments, tasks and job activities required, from time to time, to be performed to carry out Executive's duties and responsibilities during the Term. The Executive's duties and assignments shall be undertaken at such location(s) as may be determined from time to time by the Company, but in no event shall Executive be required to perform his duties on a regular basis at any location more than 25 miles from the location where Executive regularly performs his duties for the Company immediately prior to the Effective Date. 1 (e) Company Rules, Policies and Regulations. The Executive shall, at all times, conduct himself in a professional manner and adhere to the standards, ethical obligations, rules, policies, regulations and procedures of the Company which are presently in force or which may be established from time to time by the Company. Executive shall take no intentional action that violates any law, rule or regulation whatsoever while acting in his capacity as employee. View More
Position. (a) Duties. The principal duties duty of the Executive shall be to serve in the position of President, Chief Executive Officer and Secretary of the Company and as a member of the board of directors of the Company (the "Board"). As President, Chief Executive Officer and Secretary, Company. In such capacity, the Executive shall render full time services to the Company as the principal executive officer of the Company and shall be responsible for all aspects the operation and management of the busi...ness of the Company, including drug development and business operations, and shall be responsible for the development and implementation of strategic development plans of the Company, all subject to the direction and control of the Board. Further responsibilities may include such other duties as would be consistent with those duties and responsibilities normally associated with such positions in corporations Board of similar size and nature Directors of the Company (the "Board"). All references to the Company, and to render such other services as are reasonably necessary or desirable to protect and advance the best interests "Board" in this Agreement shall include any committee of the Company. Board (including the Compensation Committee of the Board) that has been or is in the future delegated the power of the Board to oversee and manage the compensation of the Company's officers and employees. (b) Devotion of Time to Company's Business. The Executive shall use his best efforts, skills and abilities to promote and protect the interests of the Company and devote substantially all of his sufficient working time and energies to the business and affairs of the Company. Notwithstanding The Company acknowledges and agrees that the Executive has and will continue to have executive and management responsibilities to First Capital Real Estate Trust Incorporated and its subsidiaries and affiliates (collectively, "First Capital") and that nothing in this Agreement shall be construed to restrict or otherwise affect the obligations of the Executive to First Capital. Further, notwithstanding anything to the contrary contained herein, the Executive (i) may serve on the board(s) of additional companies or organizations and receive compensation for such services rendered and (ii) may engage in charitable, civic, fraternal, professional and professional, trade association activities, or other activities on behalf of private companies and receive compensation for such services rendered, provided that in each such case the activities engaged in by the Executive do not materially interfere with his primary obligations to the Company Company, and do not materially reduce the amount of his working time devoted to the business and affairs of compete with the Company. (c) Directors and Officers Liability Insurance. During the Term and for a period of six years thereafter, the Company, or any successor to the Company resulting from a change in control, shall maintain a directors and officers liability insurance policy (or policies) in a minimum amount of $3,000,000 $5,000,000 which shall provide comprehensive coverage to Executive. 1 (d) Best Efforts. The Executive shall use his best efforts to carry out and successfully complete the assignments, tasks and job activities required, from time to time, to be performed to carry out Executive's duties and responsibilities during the Term. The Executive's duties and assignments shall be undertaken at such location(s) as may be determined from time to time by the Company, but in no event shall Executive be required to perform his duties on a regular basis at any location more than 25 miles from the location where Executive regularly performs his duties for the Company immediately prior to the Effective Date. (e) Company Rules, Policies and Regulations. The Executive shall, at all times, conduct himself in a professional manner and adhere to the standards, ethical obligations, rules, policies, regulations and procedures of the Company which are presently in force or which may be established from time to time by the Company. Executive shall take no intentional action that violates any law, rule or regulation whatsoever while acting in his capacity as employee. View More
Position. (a) Duties. The principal duties of the Executive shall be to serve in the position of President, Chief Executive Financial Officer and Secretary of the Company and as a member of the board of directors of the Company (the "Board"). Company. As President, Chief Executive Financial Officer and Secretary, the Executive shall render full time services to the Company as the principal executive officer Chief Financial Officer of the Company and shall be responsible have such duties as is customary fo...r all aspects of the business of the Company, including drug development and business operations, and shall be responsible for the development and implementation of strategic development plans of the Company, such position, all subject to the direction oversight of Tempus Applied Solutions Holdings, Inc.'s Chief Executive Officer and control Board of the Board. Directors (the "Board"). Further responsibilities may include such other duties as would be consistent with those duties and responsibilities normally associated with such positions position in corporations of similar size and nature to the Company, and to render such other services as are reasonably necessary or desirable to protect and advance the best interests of the Company. (b) Devotion of Time to Company's Business. The Executive shall use his best efforts, skills and abilities to promote and protect the interests of the Company and devote substantially all of his working time and energies to the business and affairs of the Company. Notwithstanding anything to the contrary contained herein, the Executive (i) may serve on the board(s) of additional companies or organizations and receive compensation for such services rendered and (ii) may engage in charitable, civic, fraternal, professional and trade association activities, provided that in each such case the activities engaged in by the Executive do not materially interfere with his primary obligations to the Company and do not materially reduce the amount of his working time devoted to the business and affairs of the Company. (c) Directors and Officers Liability Insurance. During the Term and for a period of six years thereafter, the Company, or any successor to the Company resulting from a change in control, shall maintain a directors and officers liability insurance policy (or policies) in a minimum amount of $3,000,000 which shall provide comprehensive coverage to Executive. (d) Best Efforts. The Executive shall use his best efforts to carry out and successfully complete the assignments, tasks and job activities required, from time to time, to be performed to carry out Executive's duties and responsibilities during the Term. The Executive's duties and assignments shall be undertaken at such location(s) as may be determined from time to time by the Company, but in no event shall Executive be required to perform his duties on a regular basis at any location more than 25 miles from the location where Executive regularly performs his duties for the Company immediately prior to the Effective Date. (e) Company. (d) Company Rules, Policies and Regulations. The Executive shall, at all times, conduct himself in a professional manner and adhere to the standards, ethical obligations, rules, policies, regulations and procedures of the Company which are presently in force or which may be established from time to time by the Company. Executive shall take no intentional action that violates any law, rule or regulation whatsoever while acting in his capacity as employee. an employee of the Company. View More
Position. (a) Duties. The principal duties of the Executive shall be to serve in the position of President, Chief Executive Officer and Secretary of the Company and as a member of the board of directors of the Company (the "Board"). Company. As President, Chief Executive Officer and Secretary, the Executive shall render full time services to the Company as the principal executive officer Chief Executive Officer of the Company and shall have such duties as is customary for such position, all subject to the... oversight of the Board of Directors of Tempus Applied Solutions Holdings, Inc. (the "Board"). Without limiting the generality of the foregoing, the Executive will be responsible for all aspects of the Company's performance, including strategy, research and development, business of the Company, including drug development development, sales and business marketing, operations, corporate development, information management, finance, public reporting and shall be responsible for the development and implementation of strategic development plans of the Company, all subject to the direction and control of the Board. corporate communications. Further responsibilities may include such other duties as would be consistent with those duties and responsibilities normally associated with such positions position in corporations of similar size and nature to the Company, and to render such other services as are reasonably necessary or desirable to protect and advance the best interests of the Company. Executive also shall serve as a member of the Board (subject to Executive's nomination and election as a member of the Board for subsequent terms), without additional compensation. (b) Devotion of Time to Company's Business. The Executive shall use his best efforts, skills and abilities to promote and protect the interests of the Company and devote substantially all of his working time and energies to the business and affairs of the Company. Notwithstanding anything to the contrary contained herein, the Executive (i) may serve on the board(s) of additional companies or organizations and receive compensation for such services rendered and (ii) may engage in charitable, civic, fraternal, professional and trade association activities, provided that in each such case the activities engaged in by the Executive do not materially interfere with his primary obligations to the Company and do not materially reduce the amount of his working time devoted to the business and affairs of the Company. (c) Directors and Officers Liability Insurance. During the Term and for a period of six years thereafter, the Company, or any successor to the Company resulting from a change in control, shall maintain a directors and officers liability insurance policy (or policies) in a minimum amount of $3,000,000 which shall provide comprehensive coverage to Executive. (d) Best Efforts. The Executive shall use his best efforts to carry out and successfully complete the assignments, tasks and job activities required, from time to time, to be performed to carry out Executive's duties and responsibilities during the Term. The Executive's duties and assignments shall be undertaken at such location(s) as may be determined from time to time by the Company, but in no event shall Executive be required to perform his duties on a regular basis at any location more than 25 miles from the location where Executive regularly performs his duties for the Company immediately prior to the Effective Date. (e) Company. (d) Company Rules, Policies and Regulations. The Executive shall, at all times, conduct himself in a professional manner and adhere to the standards, ethical obligations, rules, policies, regulations and procedures of the Company which are presently in force or which may be established from time to time by the Company. Executive shall take no intentional action that violates any law, rule or regulation whatsoever while acting in his capacity as employee. an employee of the Company. View More
Position. (a) Duties. The principal duties of the Executive shall be to serve in the position of President, Chief Executive Officer and Secretary Chairman of the Company and as a member of the board of directors of the Company (the "Board"). As President, Executive Chairman, the Executive shall have the duties and responsibilities delegated to him by the Board, including (i) direct supervisory responsibility for the scientific affairs of the Company, subject to the oversight of the Company's Chief Executi...ve Officer, (ii) acting as an advisor to the Company's Chief Executive Officer in connection with his implementation of the Company's strategic initiatives, (iii) developing and Secretary, managing the Company's relationships with the Board, stockholders, key opinion leaders and key medical and scientific advisors, (iv) assisting the Nominating and Corporate Governance Committee of the Board and the Company's Chief Executive shall render full time services Officer with identifying new members of the Board, (v) assisting with measuring and evaluating performance of the Company management team, (vi) presiding over meetings of the Board and the Company' stockholders and (vii) providing strategic and governance leadership to the Company as the principal executive officer of the Company and shall be responsible for all aspects of the business of the Company, including drug development and business operations, and shall be responsible for the development and implementation of strategic development plans of the Company, all subject to the direction and control of the Board. its management team. Further responsibilities may include such other duties as would be consistent with those duties and responsibilities normally associated with such positions in corporations of similar size and nature to the Company, and to render such other services as are reasonably necessary or desirable to protect and advance the best interests of the Company. (b) Devotion of Time to Company's Business. The Executive shall use his best efforts, skills and abilities to promote and protect the interests of the Company and devote substantially all of his working time and energies to the business and affairs of the Company. Notwithstanding anything to the contrary contained herein, the Executive (i) may serve on the board(s) of additional companies or organizations and receive compensation for such services rendered and (ii) may engage in charitable, civic, fraternal, professional and trade association activities, provided that in each such case the activities engaged in by the Executive do not materially interfere with his primary obligations to the Company and do not materially reduce the amount of his working time devoted to the business and affairs of the Company. (c) Directors and Officers Liability Insurance. During the Term and for a period of six years thereafter, the Company, or any successor to the Company resulting from a change in control, shall maintain a directors and officers liability insurance policy (or policies) in a minimum amount of $3,000,000 which shall provide comprehensive coverage to Executive. (d) Best Efforts. The Executive shall use his best efforts to carry out and successfully complete the assignments, tasks and job activities required, from time to time, to be performed to carry out Executive's duties and responsibilities during the Term. The Executive's duties and assignments shall be undertaken at such location(s) as may be determined from time to time by the Company, but in no event shall Executive be required to perform his duties on a regular basis at any location more than 25 miles from the location where Executive regularly performs his duties for the Company immediately prior to the Effective Date. (e) Company Rules, Policies and Regulations. The Executive shall, at all times, conduct himself in a professional manner and adhere to the standards, ethical obligations, rules, policies, regulations and procedures of the Company which are presently in force or which may be established from time to time by the Company. Executive shall take no intentional action that violates any law, rule or regulation whatsoever while acting in his capacity as employee. View More
Position. (a) Duties. The principal duties of the Executive shall be to serve in the position of President, Chief Executive Officer and Secretary of the Company and as a member of the board of directors of the Company (the "Board"). As President, Chief Executive Officer and Secretary, Medical Officer. In such capacities, the Executive shall render full time his services to the Company as the principal an executive officer of the Company and shall be responsible for all aspects activities normally associat...ed with the offices of the business Chief Medical Officer of the Company, including drug development a clinical stage biotechnology company of similar size and business operations, and shall be responsible for the development and implementation of strategic development plans of nature to the Company, all subject to the direction and control of the Board. Further responsibilities may include such other duties as would be consistent with those duties Board of Directors of the Company (the "Board") and responsibilities normally associated with such positions in corporations of similar size and nature the Company's Chief Executive Officer. All references to the Company, and to render such other services as are reasonably necessary or desirable to protect and advance the best interests "Board" in this Agreement shall include any committee of the Company. Board (including the Compensation Committee of the Board) that has been or is in the future delegated the power of the Board to oversee and manage the compensation of the Company's officers and employees. (b) Devotion of Time to Company's Business. The Executive shall use his best efforts, skills and abilities to promote and protect the interests of the Company and devote substantially all the substantial portion of his working time and energies to the business and affairs of the Company. Notwithstanding anything to the contrary contained herein, the Executive (i) may serve on the board(s) of additional companies or organizations and receive compensation for such services rendered and (ii) may engage in charitable, civic, fraternal, professional and professional, trade association activities, or other activities on behalf of private companies and receive compensation for such services rendered, provided that in each such case the activities engaged in by the Executive do not materially interfere with his primary obligations to the Company, do not compete with the Company and do not materially reduce the amount of his working time devoted to the business and affairs of the Company. All such activities shall be reported to the Board prior to the Executive undertaking such activities (other than those activities (all of which have been disclosed to the Company by Executive) engaged in as of the Effective Date). 1 (c) Directors and Officers Liability Insurance. During the Term and for a period of six years thereafter, the Company, or any successor to the Company resulting from a change in control, shall maintain a directors and officers liability insurance policy (or policies) in a minimum amount of $3,000,000 $5,000,000 which shall provide comprehensive coverage to Executive. (d) Best Efforts. The Executive shall use his best efforts to carry out and successfully complete the assignments, tasks and job activities required, from time to time, to be performed to carry out Executive's duties and responsibilities during the Term. The Executive's duties and assignments shall be undertaken at such location(s) as may be determined from time to time by the Company, but in no event shall Executive be required to perform his duties on a regular basis at any location more than 25 miles from the location where Executive regularly performs his duties for the Company immediately prior to the Effective Date. (e) Company Rules, Policies and Regulations. The Executive shall, at all times, conduct himself in a professional manner and adhere to the standards, ethical obligations, rules, policies, regulations and procedures of the Company which are presently in force or which may be established from time to time by the Company. Executive shall take no intentional action that violates any law, rule or regulation whatsoever while acting in his capacity as employee. View More
