Duties and Powers of the Executive Sample Clauses

The "Duties and Powers of the Executive" clause defines the specific responsibilities and authorities granted to the executive officer within an organization or agreement. Typically, this clause outlines the executive's role in managing day-to-day operations, making key decisions, and representing the entity in official matters. For example, it may specify the executive's authority to enter into contracts, oversee staff, or implement company policies. The core function of this clause is to clearly delineate the scope of the executive's role, ensuring both accountability and efficient organizational management.
Duties and Powers of the Executive. As President of the Company, the Executive shall have all duties customarily associated with the office of president of a significant business enterprise, and shall perform such duties consistent with the office of President as may be specified by the Board of Directors of the Company, to whom the Executive shall report. While the Executive is employed by the Company hereunder, the Executive shall devote substantially all of his business time and energy to the performance of his duties hereunder and shall not accept other employment with or engage in or render services to any other business or enterprise; provided, however, that nothing in this Agreement shall preclude the Executive from serving as, and receiving compensation for serving as, a director or member of a committee of any corporation or other business organization involving no conflict of interest with the interests of the Company and its Subsidiaries (as defined in Section 9 hereof), engaging in charitable and community activities, or managing his personal investments as long as such activities do not materially interfere with the regular performance of his duties under this Agreement. Notwithstanding anything to the contrary stated herein, in no event shall the Executive be required to be based in a location which would require him to change his residence to a location outside of the Minneapolis, Minnesota metropolitan area.
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Duties and Powers of the Executive. As Chairman and Chief Executive Officer of the Company, the Executive shall have all duties customarily associated with the offices of chairman and chief executive officer of a significant business enterprise, shall have primary management responsibility for the Company, shall chair the governing board of the Company, and shall perform such other duties consistent with the offices of Chairman and Chief Executive Officer as may be specified by the Board of Directors of the Company, to whom the Executive shall report. While the Executive is employed by the Company hereunder, the Executive shall devote substantially all of his business time and energy to the performance of his duties hereunder and shall not accept other employment with or engage in or render services to any other business or enterprise; provided, however, that nothing in this Agreement shall preclude the Executive from serving as, and receiving compensation for serving as, a director or member of a committee of any corporation or other business organization involving no conflict of interest with the interests of the Company and its Subsidiaries (as defined in Section 9 hereof), engaging in charitable and community activities, or managing his personal investments as long as such activities do not materially interfere with the regular performance of his duties under this Agreement. Notwithstanding anything to the contrary stated herein, in no event shall the Executive be required to be based in a location which would require him to change his residence to a location outside of the Minneapolis, Minnesota metropolitan area.
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Duties and Powers of the Executive. Subject to all terms and conditions hereof, the Company shall employ the Executive as Chairman and Chief Executive Officer of the Company. The Board of Directors of the Company has, effective as of the Executive's first day of actual employment with the Company, appointed the Executive as, and the Executive shall serve as, Chairman and Chief Executive Officer of the Company. As Chairman and Chief Executive Officer of the Company, the Executive shall have all duties customarily associated with the offices of chairman and chief executive officer of a significant business enterprise, shall have primary management responsibility for the Company, shall chair the governing board of the Company, and shall perform such other duties consistent with the offices of Chairman and Chief Executive Officer as may be specified by the Board of Directors of the Company, to whom the Executive shall report. During the Employment Period, the Executive shall devote full time to the Executive's duties hereunder, except that the Executive may continue to serve on the boards of directors of business corporations and charitable organizations on which he currently serves for reasonable amounts of time and make reasonable personal investments, and shall not accept other employment or engage in other material business or charitable activities, except as approved in writing in advance by the Chair of the Executive Committee of the Board of Directors of the Company.
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Duties and Powers of the Executive. The Executive must faithfully and diligently perform their duties and exercise their powers consistent with the Position: (a) as may be varied from time to time by the Company; (b) as assigned to or vested in the Executive from time to time by the Company; and (c) in accordance with the rules and procedures of the Company (including any authority levels or governance guidelines).
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Duties and Powers of the Executive 
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Related to Duties and Powers of the Executive

  • Duties of the Executive (a) Subject to the ultimate control and discretion of the Boards, the Executive shall serve in the Position and perform all duties and services commensurate with the Position. Throughout the Term of this Agreement as the same may be extended from time to time, the Executive shall perform all duties reasonably assigned or delegated to the Executive under the By-laws of the Employers or from time to time by the Boards consistent with the Position. Except for travel normally incidental and reasonably necessary to the business of the Employers and the duties of the Executive under this Agreement, the duties of the Executive shall be performed from an office location not greater than 35 miles from Marietta, Pennsylvania. (b) The Executive shall devote substantially all of the Executive’s business time and attention to the performance of the Executive’s duties under this Agreement and, during the term of the Executive’s employment under this Agreement, the Executive shall not engage in any other business enterprise that requires any significant amount of the Executive’s personal time or attention, unless granted the prior permission of the respective Boards. The foregoing provision shall not prevent the Executive’s purchase, ownership or sale of any interest in, or the Executive’s engaging in, any business that does not compete with the business of the Employers or the Executive’s involvement in charitable or community activities, provided, that the time and attention that the Executive devotes to such business and charitable or community activities does not materially interfere with the performance of the Executive’s duties under this Agreement and that a material portion of the time the Executive devotes to charitable or community activities are devoted to charitable or community activities within the Employers’ market area and further provided that such conduct complies in all material respects with applicable policies of the Employers. (c) The Employers shall accrue earned but unused vacation in accordance with the Employers’ vacation policy.

  • 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 the Employee The Executive represents and warrants that the performance by Executive of the Executive’s duties and obligations under this Agreement will not violate any agreement between the Executive and any other person, firm, partnership, corporation or other organization.

  • AGREEMENTS OF THE EXECUTIVE In consideration of the compensation and benefits to be paid or provided to the Executive by the Employer under this Agreement, the Executive covenants as follows:

  • Covenants of the Executive In consideration of the acknowledgments by the Executive, and in consideration of the compensation and benefits to be paid or provided to the Executive by the Employer, the Executive covenants that he will not, directly or indirectly: (a) during the Employment Period, except in the course of his employment hereunder, and during the Post-Employment Period, engage or invest in, own, manage, operate, finance, control, or participate in the ownership, management, operation, financing, or control of, be employed by, associated with, or in any manner connected with, lend the Executive's name or any similar name to, lend Executive's credit to or render services or advice to, any business whose products or activities compete in whole or in part with the products or activities of the Employer anywhere within the United States; provided, however, that the Executive may purchase or otherwise acquire up to (but not more than) one percent of any class of securities of any enterprise (but without otherwise participating in the activities of such enterprise) if such securities are listed on any national or regional securities exchange or have been registered under Section 12(g) of the Securities Exchange Act of 1934; (b) whether for the Executive's own account or for the account of any other person, at any time during the Employment Period and the Post-Employment Period, solicit business of the same or similar type being carried on by the Employer, from any person known by the Executive to be a customer of the Employer, whether or not the Executive had personal contact with such person during and by reason of the Executive's employment with the Employer; (c) whether for the Executive's own account or the account of any other person (i) at any time during the Employment Period and the Post-Employment Period, solicit, employ, or otherwise engage as an employee, independent contractor, or otherwise, any person who is or was an employee of the Employer at any time during the Employment Period or in any manner induce or attempt to induce any employee of the Employer to terminate his employment with the Employer; or (ii) at any time during the Employment Period and for three years thereafter, interfere with the Employer's relationship with any person, including any person who at any time during the Employment Period was an employee, contractor, supplier, or customer of the Employer; or (d) at any time during or after the Employment Period, disparage the Employer or any of its shareholders, directors, officers, employees, or agents.