Common use of Assumption of Responsibilities Clause in Contracts

Assumption of Responsibilities. Employee shall serve in the position set forth above, or a position mutually agreed upon by the Employee and the CEO of the Company, under the terms and conditions provided herein. During the term of Employee's employment hereunder, Employee shall devote Employee's full business time, energy and skills to the affairs of the Company, shall use Employee's best efforts in furtherance of the business of the Company and shall perform to the best of Employee's ability such services and duties as may be assigned or delegated to Employee from time to time by or under the authority of the Company's Board of Directors or Chief Executive Officer. All fees, profits and other amounts payable as the result of Employee's rendering services while this Agreement is in effect shall belong to the Company, except as may arise from activities unrelated to the Company's activities and undertaken by Employee during non-working hours, or passive investment activities.