Common use of General Description of Duties Clause in Contracts

General Description of Duties. (A) The Employee shall serve as the President and Chief Operating Officer of Xstream. (B) The Employee shall oversee all operational issues related to the ongoing business needs of XStream. The Employee shall at all times be accountable to XStream's Board of Directors. The Employee is expected to work a minimum of 40 hours per week and devote his full time and attention to the operations of XStream. However, nothing shall prohibit the Employee from engaging in charitable and civic activities and managing his personal passive investments, provided that such passive investments are not in a company which competes in a business similar to that of XStream's business. (C) The Employee hereby represents and warrants to XStream that he is subject to no legal, self regulatory organization (e.g., National Association of Securities Dealers, Inc.'s bylaws) or regulatory impediments to the provision of the services called for by this Agreement, or to receipt of the compensation called for under this Agreement or any supplements thereto; and, the Employee hereby irrevocably covenants and agrees to immediately bring to the attention of XStream any facts required to make the foregoing representation and warranty continuingly accurate throughout the term of this Agreement, or any supplements or extensions thereof.

General Description of Duties. (A) The Employee shall serve as the President and Chief Operating Officer Chairman of the Board of Xstream. (B) The Employee shall oversee all operational issues related to the ongoing business needs of XStream. The Employee shall at all times be accountable to XStream's Board of Directors. The Employee is expected to work a minimum of 40 hours per week and devote his full time and attention to the operations of XStream. However, nothing shall prohibit the Employee from engaging in charitable and civic activities and managing his personal passive investments, provided that such passive investments are not in a company which competes in a business similar to that of XStream's business. (C) The Employee hereby represents and warrants to XStream that he is subject to no legal, self regulatory organization (e.g., National Association of Securities Dealers, Inc.'s bylaws) or regulatory impediments to the provision of the services called for by this Agreement, or to receipt of the compensation called for under this Agreement or any supplements thereto; and, the Employee hereby irrevocably covenants and agrees to immediately bring to the attention of XStream any facts required to make the foregoing representation and warranty continuingly accurate throughout the term of this Agreement, or any supplements or extensions thereof.