Common use of DUTIES AND PRIVILEGES Clause in Contracts

DUTIES AND PRIVILEGES. (a) During the Employment Period, Employee shall serve as President and Chief Executive Officer of Telemundo Network Group LLC, be responsible to and report to the designated officer of the Managing Member of the Company (the "Designee"); perform such services as are consistent with Employee's position hereunder as the Chief Executive Officer of the Company and such services consistent therewith as the Designee may from time to time require; devote Employee's entire business time, ability and energy exclusively to the performance of Employee's duties hereunder; and use Employee's best efforts to advance the interests and businesses of the Company, its divisions and subsidiaries. During the Employment Period nobody shall be given the title of Chairman of the Company other than Employee; provided, however, that notwithstanding the foregoing, a top executive of the Managing Member (i.e., an executive who holds the position now currently held by Howard Stringer or Jon Feltheimer) may be appointed Chairman of the ▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇mpan▇ ▇▇▇ ▇▇ ▇▇▇▇ capacity will not render services in connection with the day-to-day operations of the Company on a regular basis; provided, further, that Employee shall continue to report directly to the Designee notwithstanding any such appointment. Employee acknowledges that his duties and responsibilities encompass the affairs of the Company and not that of its Members. (b) All personnel of the Company, including without limitation Telemundo Entertainment so long as it exists, shall report to Employee and Employee shall have full authority to hire and fire any and all personnel of the Company at Employee's sole discretion subject, with respect to hiring (not firing) a chief operating officer, a chief financial officer and a programming director, to such approval rights as are accorded to the Members in the Company Operating Agreement then controlling between the Members. (c) Employee shall not be required initially to relocate his offices from Los Angeles to the principal executive offices of the Telemundo Network (presently located in Miami, Florida), it being understood that the Company may require such relocation at a later date but only after good faith consultation with Employee and subject to the Company's full reimbursement to Employee of any and all costs incurred by Employee arising from or in connection with such relocation. Notwithstanding the foregoing, Employee shall travel to the Telemundo Network principal executive offices as reasonably necessary in the performance of his duties hereunder. (d) Employee may not accept a board position or have any other affiliation requiring his services with another business entity without the approval of the Members; provided, however, that Employee's service on the board of SBS Broadcasting SA is hereby approved.

Appears in 1 contract

Sources: Employment Agreement (Telemundo Holding Inc)

DUTIES AND PRIVILEGES. (a) During the Employment Period, Employee shall serve as President Corporate Vice President, Strategic Planning and Chief Executive Officer Secretary of Telemundo Network Group LLC, the Company and be responsible to and report to the designated officer of the Managing Member Chief Executive Officer of the Company (the "DesigneeCEO"); , or such other executive holding the title of Executive Vice President or greater as designated by the CEO (the person to whom Employee reports being hereafter referred to as the "Supervisory Officer"). During the Employment Period, Employee shall have such authority and perform such services as duties which are consistent with Employee's title and position hereunder as the Chief Executive Officer Corporate Vice President, Strategic Planning and Secretary of the Company and such services consistent therewith as the Designee Supervisory Officer may from time to time requireprescribe; devote Employee's entire business time, ability and energy exclusively to the performance of Employee's duties hereunder (except that Employee may participate in charitable and industry activities that do not interfere with her duties hereunder); and use Employee's best efforts to advance the interests and businesses of the Company, and its divisions and subsidiaries. During the Employment Period nobody Employee's principal office shall be given located at the title of Chairman of Company's offices in the New York metropolitan area. (b) The Company and Employee acknowledge that Employee's employment shall be on a four-day-per-week basis, with Employee's work schedule to be subject to the Company's and Employee's reasonable agreement, and with Employee to be reasonably available by telephone on the fifth day. The Company and Employee acknowledge that Employee shall be treated for all other than Employeepurposes as a full-time employee; provided, however, that notwithstanding the foregoing, a top executive of the Managing Member (i.e., an executive who holds the position now currently held by Howard Stringer or Jon Feltheimer) may be appointed Chairman of the ▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇mpan▇ ▇▇▇ ▇▇ ▇▇▇▇ capacity will not render services in connection with the day-to-day operations of the Company on a regular basis; provided, further, that Employee shall continue to report directly to the Designee notwithstanding any such appointment. Employee acknowledges that his duties and responsibilities encompass the affairs she must work a minimum of the Company and not that of its Members. (b) All personnel of the Company, including without limitation Telemundo Entertainment so long as it exists, shall report 21 hours per week to Employee and Employee shall have full authority to hire and fire any and all personnel of the Company at Employee's sole discretion subject, with respect to hiring (not firing) a chief operating officer, a chief financial officer and a programming director, to such approval rights as are accorded to the Members qualify for participation in the Company Operating Agreement then controlling between the Members. (c) Employee shall not be required initially to relocate his offices from Los Angeles to the principal executive offices of the Telemundo Network (presently located in Miami, Florida), it being understood that the Company may require such relocation at a later date but only after good faith consultation with Employee and subject to the Company's full reimbursement to Employee of any and all costs incurred by Employee arising from or in connection with such relocation. Notwithstanding the foregoing, Employee shall travel to the Telemundo Network principal executive offices as reasonably necessary in the performance of his duties hereunderbenefit plans. (d) Employee may not accept a board position or have any other affiliation requiring his services with another business entity without the approval of the Members; provided, however, that Employee's service on the board of SBS Broadcasting SA is hereby approved.

Appears in 1 contract

Sources: Employment Agreement (Loews Cineplex Entertainment Corp)