Duties and Powers of Executive Clause Samples

Duties and Powers of Executive. Subject to all of the terms and conditions hereof, during the Employment Period, the Company shall employ Executive as Chief Executive Officer and President of the Company. In addition, during the Employment Period, Executive shall also serve in such capacity for any and all subsidiaries of the Company, unless Executive waives such assignment. During the Employment Period, Executive shall be responsible for the management and operation of the Company and its subsidiaries, will have full authority to manage, operate and take all acts, do all things and execute all documents or assurances as he, in his discretion, deems necessary, desirable or useful, including, but not limited to, the (i) hiring, terminating and supervising decisions with respect to all employees of the Company and its subsidiaries; (ii) coordinating the management team for the Company and its subsidiaries, including instructing all Company and subsidiary officers as to their working role in the daily affairs of the Company and its subsidiaries; and (iii) attending to all matters requiring legal attention and instituting all legal action or proceedings with regard to the ordinary course of the routine affairs of the Company and its subsidiaries, all subject to the direction and control of the Board of Directors of the Company (the "Board"). During the Employment Period, Executive shall report and be accountable only to the Board. Executive shall also serve on the Board for no additional compensation. During the Employment Period, Executive shall exclusively devote his professional and business time (other than absences due to illness or vacation) to Executive's duties hereunder, except that Executive may serve on boards of 2 directors or advisory boards of charitable organizations for reasonable amounts of time and make reasonable personal investments provided that such activities do not interfere with his services to the Company.
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Duties and Powers of Executive. Executive is hereby employed as President to perform and undertake the duties and responsibilities normally and ordinarily attendant to such position. Without limiting or excluding other duties and responsibilities, Executive shall direct the day to day functioning and conduct of the business of the Company and in so doing shall: (i) possess and exercise the exclusive power to hire and fire all employees of the Company (unless specifically otherwise directed by the Board of Directors); (ii) possess and exercise the exclusive power to engage and disengage all consultants and outside professionals used by the Company (unless specifically otherwise directed by the Board of Directors); (iii) direct the use and control of finances; (iv) borrow or obtain credit in any amount or execute any guaranty agreement; and, (v) create and implement policies and procedures of the Company. In recognition of Executive's status as an owner or controller of a substantial percentage of the outstanding common shares of the Company, any effort by Company to diminish Executive's duties and powers absent the agreement of Executive evidenced by the express written consent of Executive may be deemed a termination without cause, thereby entitling Executive to the remedies provided herein for Company's termination without cause. See Section 6, below.
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Duties and Powers of Executive. Subject to all of the terms and conditions hereof, the Company shall employ Executive as Senior Vice President--Operations of the Company. During the Employment Period, Executive shall have these powers and duties normally associated with the position of Senior Vice President--Operations and such other powers and duties as may be prescribed by the Company; provided, that, such powers and duties are consistent with Executive's position. During the Employment Period, Executive shall exclusively devote his professional and business time (other than absences due to illness or vacation) to Executive's duties hereunder, except that Executive may serve on boards of directors or advisory boards of charitable organizations for reasonable amounts of time and make reasonable personal investments; provided, that, such activities do not interfere with his services to the Company.
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Duties and Powers of Executive. (a) POSITION; LOCATION. During the Employment Period, the Executive shall be employed as Executive Vice President, and President, Global Pharmaceuticals, of the Company, or in such other substantially equivalent position requested by the Chief Executive Officer of the Company (the "CEO") for which the Executive is qualified by education, training and experience. The Executive will serve as an officer of the Company, and will report directly to the CEO. The Executive's services shall be performed at the Company's present campus in Kenilworth, New Jersey or, subject to Section 4(c)(ii), any location at which the headquarters of the Company is hereafter located.
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Duties and Powers of Executive. Subject to all terms and conditions hereof, the Company shall employ Executive as, and Executive shall serve as, Chairman, President and Chief Executive Officer of the Company. Executive shall have all duties customarily associated with the office of chief executive officer, shall have primary management responsibility for the Company and its businesses, and shall perform such other duties consistent with the position of chief executive officer as may be specified from time to time by the Board of Directors of the Company (the "Board"), to whom Executive shall report. While Executive is employed by the Company, Executive shall devote full time to Executive's duties hereunder and shall not accept other employment or engage in other material business activity, except as may be approved in writing by the Board.
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Duties and Powers of Executive. (a) Position; Location. Initially, the Executive shall serve as Vice President and Chief Financial Officer of the Company and shall report to the President and Chief Executive Officer (“CEO”) of the Company and to duly constituted committees of the Board of Directors of the Company within the scope of their respective areas of responsibility. The Executive shall perform such duties and services pertaining to such position as reasonably directed by the President and CEO with the duties and authority of officers holding comparable positions in similar businesses of similar size in the United States. The Executive shall have the primary management responsibility in connection with the selection, retention and termination of employees of the Company and outside consultants, contractors, professionals and service providers to the Company, subject to the overall authority of the President and CEO. The Executive shall use his reasonable best efforts to carry out such responsibilities faithfully and efficiently. The Executive's services shall be performed primarily at the Company's headquarters, which shall be located at the Scottsdale, Arizona Mayo Research Facility and the Phoenix metropolitan area.
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Duties and Powers of Executive 
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Related to Duties and Powers of Executive

  • Duties and Powers The business and affairs of the Corporation shall be managed by or under the direction of the Board of Directors which may exercise all such powers of the Corporation and do all such lawful acts and things as are not by statute or by the Certificate of Incorporation or by these By-Laws required to be exercised or done by the stockholders.

  • Duties of Executive During the Employment Term (as defined in Section 1), the Executive shall hold the title of President and Chief Executive Officer of the Company, shall act as the portfolio manager to the Company and, as such, shall formulate and implement a continuing program for the investment of the assets of the Company consistent with the Company’s investment objectives, policies and limitations as set forth in the Company’s registration statement, investment policies and procedures, Articles of Incorporation and Bylaws, each as may be updated or amended from time to time; the Investment Company Act of 1940, as amended (the “1940 Act”), as applicable to the Company; the applicable rules, regulations and orders of the Securities and Exchange Commission, and other applicable federal and state laws; and such other guidelines as the Board of Directors of the Company or any committee thereof (collectively, the “Board”) may establish or approve. Without limiting the generality of the foregoing, the Executive will: (a) obtain and evaluate such information relating to the economy, industries, businesses, securities markets and securities as he may deem necessary or useful in discharging his responsibilities hereunder; (b) determine from time to time securities to be purchased, sold or retained or otherwise disposed of by the Company and what portion of such assets should be invested or held uninvested as cash; (c) implement investment decisions, including the selection of entities with or through which such purchases, sales or loans are to be effected; and (d) perform and hold such other executive duties, offices and positions with the Company as may be reasonably assigned to him by the Board. During the Employment Term, the Executive shall be the most senior executive officer of the Company, and shall have those powers and duties normally associated with the position and such other powers and duties consistent with such position as may be prescribed by the Board. The Executive shall report directly to the Board in carrying out his responsibilities under this Agreement. The Executive will comply with and be bound by the Company’s policies, procedures and practices as communicated to the Executive from time to time and in effect during the Employment Term.

  • Duties and Position The Company hires the Employee in the capacity of General Manager. The Employee's duties may be reasonably modified at the Company's discretion from time to time.

  • Duties and Authority of Officers Except as modified by the Governance Board, the duties and authorities of the Officers are as set forth in Schedule 8.2.

  • Duties and Responsibilities of Executive (a) During the Employment Period, Executive shall devote Executive’s full business time and attention to the business of the Company and its Affiliates, as applicable, and will not hold any outside employment or consulting position. Executive’s duties pursuant to this Agreement will include those normally incidental to the positions identified in Section 1, as well as such additional duties as may be assigned to Executive by the Holdings Board from time to time. (b) Executive represents and covenants that Executive is not the subject of or a party to any employment agreement, non-competition or non-solicitation covenant, non-disclosure agreement, or any other agreement, covenant, understanding, or restriction that would prohibit Executive from executing this Agreement and fully performing Executive’s duties and responsibilities hereunder, or would in any manner, directly or indirectly, limit or affect the duties and responsibilities that may now or in the future be assigned to Executive hereunder. (c) Executive acknowledges and agrees that Executive owes the Company and its Affiliates fiduciary duties, including duties of care, loyalty, fidelity, and allegiance, such that Executive shall act at all times in the best interests of the Company and its Affiliates and shall not appropriate any business opportunity of the Company or its Affiliates for Executive. Executive agrees that the obligations described in this Agreement are in addition to, and not in lieu of, the obligations Executive owes the Company and its Affiliates under common law. The Parties acknowledge and agree that Executive may provide services (including as an executive, employee, director, or otherwise) to multiple Affiliates of the Company and, in providing such services, Executive will not be violating Executive’s obligations hereunder so long as Executive abides by the terms of Sections 7, 8, and 9 below in the course of performing such services.