Common use of General Specification of Duties Clause in Contracts

General Specification of Duties. Executive's duties shall include, but not be limited to, the duties and performance goals as follows: (1) act as the President and Chief Operating Officer of the Company and perform all duties, functions and responsibilities generally associated with such positions; (2) execute on behalf of the Company, in his capacity as President and Chief Operating Officer, such documents as are required in the normal course of business and as are requested by the Board of Directors; (3) employ, pay, supervise and discharge all employees of the Company, and determine all matters with regard to such personnel, including, without limitation, compensation, bonuses and fringe benefits, all in accordance with the Annual Plan (as defined in Section 4.3); (4) establish procedures for implementing the policies established by the Company; (5) cause the Company to be operated in compliance with all legal requirements; (6) use best efforts to operate the Company in such a manner as to meet the goals and objectives established in the Annual Plan approved by the Board of Directors, as such may be amended from time to time with the concurrence of the Board of Directors; and (7) cause to be prepared, as directed by the Board of Directors, financial statements, tax returns and other similar items respecting the operation of the Company. The foregoing specifications are not intended as a complete itemization of the duties which Executive shall perform and undertake on behalf of the Company in satisfaction of his employment obligations under this Agreement.