Common use of Office and Duties Clause in Contracts

Office and Duties. (a) Executive shall be elected and continue to be elected as a director of the Company and shall initially serve as Chief Executive Officer. Subject to the direction of the Board of Directors, Executive shall perform and discharge well and faithfully the duties which may be assigned to him from time to time by the Company in connection with the conduct of its business or the business of any subsidiary or affiliate of the Company. Nothing herein shall preclude the Board of Directors from changing Executive's title and duties if the Board of Directors has determined in its reasonable judgment that such change is in the Company's best interests, provided, however, that at all times during the term of the Agreement, Executive shall be employed as a senior executive of the Company, with appropriate and commensurate title, rank, status and duties. (b) During the term hereof, Executive shall devote sufficient business time, attention and energies to the business of the Company and its affiliates to properly discharge his duties and responsibilities under this Agreement and shall not during the term of this Agreement be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage, if such activity is likely to or has interfered in any way with Executive's duties; provided that nothing in this section shall be construed as preventing Executive from (a) investing his personal assets in businesses which do not compete with the Company in such form or manner as will not require any services on the part of Executive in the operation or the affairs of the companies in which such investments are made in which his participation is solely that of an investor, or (b) purchasing securities in any corporation whose securities are publicly traded, provided that such purchase shall not result in his collectively owning beneficially at any time more than five percent (5%) of the equity securities of any corporation engaged in a business competitive to that of the Company. (c) During the term hereof, the principal place of employment of Executive shall be in the metropolitan New York City area. It is understood that in connection with his duties under this Agreement, Executive will be required to travel to and perform services at other locations including the Company's offices in Greece.

Office and Duties. During the Employment Period, the Employee shall hold such positions as specified herein or such other positions as may be assigned by the Executive Committee or the board of directors of BSIG (athe “BSIG Board”), as applicable, to the Employee, and shall perform such duties usually associated with such position(s) and relating to each of the Company’s and BSIG’s business and operations as may from time to time be assigned to the Employee by the Executive Committee or the BSIG Board, as applicable. In addition, and for so long as the Employee shall be serve as the Chief Executive Officer of BSIG, the BSIG Board shall nominate her, subject to the Notification and Authority Framework, for election to the BSIG Board and, if so elected and continue by shareholders, the Employee shall serve as a member of the BSIG Board. Effective as of the date the Employee ceases to be elected as the Chief Executive Officer of BSIG, the Employee agrees to resign (and will be deemed to have resigned) from any and all positions and offices that the Employee holds with BSIG, without any further action required therefor. During the Employment Period, the Employee shall devote all of the Employee’s business time to the Employee’s duties hereunder and shall, using the Employee’s best efforts, perform such duties in a director manner that will faithfully and diligently further the business and interests of the Company and BSIG and shall initially not pursue any other business activity, including, without limitation, serving as an officer, director, employee, or adviser to any business entity other than the Company or BSIG without the Company’s and BSIG’s prior written consent, provided that the Employee may manage her investments and serve as Chief Executive Officerin such positions with respect to Women’s Money Matters Inc. and to other non-profit entities. Subject The Employee agrees to abide by the direction rules, regulations, instructions, personnel practices and policies of the Board of Directors, Executive shall perform Company and discharge well BSIG and faithfully the duties which any changes therein that may be assigned to him adopted from time to time by the Company or BSIG, as applicable. The Employee agrees that the Employee will travel to whatever extent is reasonably necessary in connection with the conduct of its business or the business of any subsidiary or affiliate each of the Company. Nothing herein shall preclude the Board of Directors from changing Executive's title ’s and duties if the Board of Directors has determined in its reasonable judgment that such change is in the Company's best interests, provided, however, that at all times during the term of the Agreement, Executive shall be employed as a senior executive of the Company, with appropriate and commensurate title, rank, status and dutiesBSIG’s business. (b) During the term hereof, Executive shall devote sufficient business time, attention and energies to the business of the Company and its affiliates to properly discharge his duties and responsibilities under this Agreement and shall not during the term of this Agreement be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage, if such activity is likely to or has interfered in any way with Executive's duties; provided that nothing in this section shall be construed as preventing Executive from (a) investing his personal assets in businesses which do not compete with the Company in such form or manner as will not require any services on the part of Executive in the operation or the affairs of the companies in which such investments are made in which his participation is solely that of an investor, or (b) purchasing securities in any corporation whose securities are publicly traded, provided that such purchase shall not result in his collectively owning beneficially at any time more than five percent (5%) of the equity securities of any corporation engaged in a business competitive to that of the Company. (c) During the term hereof, the principal place of employment of Executive shall be in the metropolitan New York City area. It is understood that in connection with his duties under this Agreement, Executive will be required to travel to and perform services at other locations including the Company's offices in Greece.

Office and Duties. (a) The Executive shall be elected and continue to be elected employed as a director the Chief Financial Officer of the Company and shall initially serve as Chief Executive Officer. Subject to the direction of the Board of Directors, Executive shall perform and discharge well and faithfully the duties which may be assigned to him from time to time by responsible for performing and/or supervising others in the Company in connection with the conduct of its business or the business of any subsidiary or affiliate of the Companyto perform those tasks attendant to such position. Nothing herein shall preclude the The Board of Directors from changing may assign other duties to the Executive's title and duties , if the Board other duties do not materially impact his ability to serve as the Chief ▇▇▇▇▇-cial Officer. The Company reserves the right to designate his place of Directors has determined in its reasonable judgment that such change is in work. The Executive agrees to devote substantially all of his normal workday time and energy to the Company's best interests, provided, however, that at all times during the term performance of the Agreementduties of his position. Notwithstanding the above, the Executive shall be employed as a senior executive of the Company, permitted to have interests in other businesses that do not compete with appropriate and commensurate title, rank, status and duties. (b) During the term hereof, Executive shall devote sufficient business time, attention and energies to the business of the Company or its subsidiaries, or otherwise are not in violation of this Agreement, and its affiliates to properly discharge he may render services for such other business interests, provided such service does not prevent Executive from performing his duties and responsibilities under this Agreement Agreement. The Executive agrees with the Company that any and shall not all inventions or designs or improvements to electronic or electrical devices or systems which he creates alone or with others, during the term of this Agreement be engaged (whether or not during normal business hours) in any other business or professional activityhereafter, whether or not such activity is pursued for gainthe "OTHER INVENTIONS"), profit or other pecuniary advantage, if such activity is likely to or has interfered in any way with Executive's duties; provided that nothing in this section shall be construed as preventing presented and disclosed first to the Company, for its decision to take up and exploit the Other Inventions even if it is or they are outside of the line of products then being worked on by any employees or consultants to the Company. The Executive from (a) investing his personal assets in businesses which do not compete agrees with the Company in that any and all intellectual rights to such form Other Inventions shall belong exclusively to the Company, until it is or manner as will not require they are presented and disclosed to the Company by the Executive. If the Company decides to take up and exploit such Other Inventions, the Company shall thereafter own any services on the part of Executive in the operation and all intellectual rights to it or the affairs of the companies in which such investments are made in which his participation is solely that of an investor, or (b) purchasing securities in any corporation whose securities are publicly tradedthem forever, provided that such purchase the Company proceeds in good faith and uses its best efforts to exploit it or them. The Company shall not result in his collectively owning beneficially at any time more than five percent (5%) of the equity securities of any corporation engaged make its decision in a business competitive commercially reasonable period of time, not to that exceed six months after full presentation and disclosure to the Company by the Executive. If after a reasonable period of the Company. (c) During the term hereoftime, the principal place of employment of Company and the Executive agree that the Company cannot proceed further with such exploitation, then the Company shall be in assign the metropolitan New York City area. It is understood that in connection with his duties under this Agreement, Executive will be required rights to travel the Other Inventions back to and perform services at other locations including the Company's offices in GreeceExecutive.

Office and Duties. (a) Executive shall be elected and continue to be elected as a director of the Company and shall initially serve as Chief Executive Operating Officer. Subject to the direction of the Board of Directors, Executive shall perform and discharge well and faithfully the duties which may be assigned to him from time to time by the Company in connection with the conduct of its business or the business of any subsidiary or affiliate of the Company. Nothing herein shall preclude the Board of Directors from changing Executive's title and duties if the Board of Directors has determined in its reasonable judgment that such change is in the Company's best interests, provided, however, that at all times during the term of the Agreement, Executive shall be employed as a senior executive of the Company, with appropriate and commensurate title, rank, status and duties. (b) During the term hereof, Executive shall devote sufficient business time, attention and energies to the business of the Company and its affiliates to properly discharge his duties and responsibilities under this Agreement and shall not during the term of this Agreement be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage, if such activity is likely to or has interfered in any way with Executive's duties; provided that nothing in this section shall be construed as preventing Executive from (a) investing his personal assets in businesses which do not compete with the Company in such form or manner as will not require any services on the part of Executive in the operation or the affairs of the companies in which such investments are made in which his participation is solely that of an investor, or (b) purchasing securities in any corporation whose securities are publicly traded, provided that such purchase shall not result in his collectively owning beneficially at any time more than five percent (5%) of the equity securities of any corporation engaged in a business competitive to that of the Company. (c) During the term hereof, the principal place of employment of Executive shall be in the metropolitan New York City area. It is understood that in connection with his duties under this Agreement, Executive will be required to travel to and perform services at other locations including the Company's offices in Greece.

Office and Duties. (a) During the term hereof, Employee shall serve as President and Chief Executive shall be elected and continue to be elected as a director Officer of the Company and shall initially serve as Chief Executive OfficerCorporation. Subject to the Bylaws of the Corporation and the direction of the Board of DirectorsDirectors of the Corporation, Executive Employee shall perform such duties as are customary for a President and discharge well Chief Executive Officer of businesses in the United States similar in kind and faithfully size to the Corporation, and such other duties which as may from time to time be assigned to him from time to time by the Company in connection with the conduct of its business or the business of any subsidiary or affiliate Directors of the Company. Nothing herein shall preclude the Board of Directors from changing Executive's title and duties if the Board of Directors has determined in its reasonable judgment that such change is in the Company's best interests, provided, however, that at all times during the term of the Agreement, Executive shall be employed as a senior executive of the Company, with appropriate and commensurate title, rank, status and dutiesCorporation. (b) During the term hereof, Executive Employee shall devote sufficient business time, attention and energies use his best efforts to the business of the Company and its affiliates to properly discharge carry out his duties and responsibilities under this Agreement hereunder and shall not during devote his entire working time to the term of this Agreement be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage, if such activity is likely to or has interfered in any way with Executive's duties; provided that nothing in this section shall be construed as preventing Executive from (a) investing his personal assets in businesses which do not compete with the Company in such form or manner as will not require any services on the part of Executive in the operation or the and affairs of the companies in which such investments are made in which his participation is solely that of an investorCorporation and shall not, or (b) purchasing securities in any corporation whose securities are publicly tradedadvisory or other capacity, provided that such purchase shall not result in his collectively owning beneficially at work for any time more than five percent (5%) other individual, firm or company without first having obtained the written consent of the equity securities Corporation; provided, however, that Employee may engage in investment activities so long as they do not materially interfere with the performance of any corporation engaged in a business competitive to that of the Companyhis duties hereunder. (c) During the term hereof, the principal place of employment of Executive Employee shall be the Corporation's headquarters in Greenbelt, Maryland, or such other locations as may be selected for the metropolitan New York City area. It Corporation's facilities, although it is understood that in connection with his duties under this Agreementagreement, Executive Employee will be required to travel to and perform services at other locations including locations. (d) Employee represents and warrants to the CompanyCorporation that he is not subject or a party to any employment agreement, non-competition covenant, non-disclosure agreement or other agreement, covenant, understanding or restriction which would prohibit Employee from executing this Agreement and performing fully his duties and responsibilities hereunder, or which would in any manner, directly or indirectly, limit or affect the duties and responsibilities which may now or in the future be assigned to Employee by the Corporation. (e) Employee agrees to cooperate at the request of the Corporation in any efforts to obtain "key-man" life insurance on Employee's offices in Greecelife.

Office and Duties. (a) Executive shall be elected and continue to be elected as a director of the Company and shall initially serve as Chief Executive OfficerVice President of Operations. Subject to the direction of the Board of DirectorsDirectors and the corporation's officers designated by the Board, Executive shall perform and discharge well and faithfully the duties which may be assigned to him from time to time by the Company Corporation in connection with the conduct of its business or the business of any subsidiary or of affiliate of the CompanyCorporation. Nothing herein shall preclude the Board of Directors board from changing the Executive's title and duties if the Board of Directors has determined in its reasonable judgment that such change is in the CompanyCorporation's best interestsinterest, provided, howeverwithout Executive's consent, that at such duties will not be substantially diminished from those duties initially assigned. Executive's primary duty shall be to facilitate all times during matters in operations as they arise for the term MFM side of the Agreementbusiness of BAB, Executive shall be employed as a senior executive of the Company, with appropriate and commensurate title, rank, status and dutieswell as product development for all BAB companies. (b) During the term hereof, Executive shall devote sufficient substantially all of his business time, attention and energies to the business of the Company corporation and its affiliates to properly discharge his duties and responsibilities under this Agreement and shall not during the term of this Agreement be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage, if such activity is likely to or has interfered in any way with Executive's duties; provided that nothing in this section shall not be construed as preventing the Executive from (a) investing his personal assets in businesses which do not compete with the Company corporation in such form or manner as will not require any services on the part of the Executive in the operation operations or the affairs of the companies in which such investments are made in which his participation is solely that of an investor. Corporation agrees that from time to time as may be necessary, or (b) purchasing securities Executive may retain flexibility in any corporation whose securities are publicly traded, provided that such purchase shall not result in the specific time Executive begins and ends his collectively owning beneficially at any time more than five percent (5%) of the equity securities of any corporation engaged in a business competitive to that of the Companydaily employment duties. (c) During the term hereof, the principal place of employment of Executive shall be in the metropolitan New York City Chicago area. It is understood that in connection with his duties under this Agreementagreement, Executive will may be required to travel to and perform services at other locations including the Companylocations. Executive and Executive's offices in Greecespouse will not be required to travel simultaneously.

Office and Duties. (a) During the term hereof, Employee shall serve as President and Chief Executive shall be elected and continue to be elected as a director Officer of the Company and shall initially serve as Chief Executive OfficerCorporation. Subject to the Bylaws of the Corporation and the direction of the Board of DirectorsDirectors of the Corporation, Executive Employee shall perform such duties as are customary for a President and discharge well Chief Executive Officer of businesses in the United States similar in kind and faithfully size to the Corporation, and such other duties which as may from time to time be assigned to him from time to time by the Company in connection with the conduct of its business or the business of any subsidiary or affiliate Directors of the Company. Nothing herein shall preclude the Board of Directors from changing Executive's title and duties if the Board of Directors has determined in its reasonable judgment that such change is in the Company's best interests, provided, however, that at all times during the term of the Agreement, Executive shall be employed as a senior executive of the Company, with appropriate and commensurate title, rank, status and dutiesCorporation. (b) During the term hereof, Executive Employee shall devote sufficient business time, attention and energies use his best efforts to the business of the Company and its affiliates to properly discharge carry out his duties and responsibilities under this Agreement hereunder and shall not during devote his entire working time to the term of this Agreement be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage, if such activity is likely to or has interfered in any way with Executive's duties; provided that nothing in this section shall be construed as preventing Executive from (a) investing his personal assets in businesses which do not compete with the Company in such form or manner as will not require any services on the part of Executive in the operation or the and affairs of the companies in which such investments are made in which his participation is solely that of an investorCorporation and shall not, or (b) purchasing securities in any advisory or other capacity, work for any other individual, firm or corporation whose securities are publicly traded, provided that such purchase shall not result in his collectively owning beneficially at any time more than five percent (5%) without first having obtained the written consent of the equity securities Corporation; provided, however, that Employee may engage in investment activities so long as they do not materially interfere with the performance of any corporation engaged in a business competitive to that of the Companyhis duties hereunder. (c) During the term hereof, the principal place of employment of Executive Employee shall be the Corporation's headquarters in Greenbelt, Maryland, or such other locations as may be selected for the metropolitan New York City area. It Corporation's facilities, although it is understood that in connection with his duties under this Agreementagreement, Executive Employee will be required to travel to and perform services at other locations including locations. (d) Employee represents and warrants to the CompanyCorporation that he is not subject or a party to any employment agreement, non-competition covenant, non-disclosure agreement or other agreement, covenant, understanding or restriction which would prohibit Employee from executing this Agreement and performing fully his duties and responsibilities hereunder, or which would in any manner, directly or indirectly, limit or affect the duties and responsibilities which may now or in the future be assigned to Employee by the Corporation. (e) Employee agrees to cooperate at the request of the Corporation in any efforts to obtain "key-man" life insurance on Employee's offices in Greecelife.

Office and Duties. (a) During the term hereof, Employee shall serve as Executive shall be elected Vice President of Marketing and continue to be elected as a director Sales Operations of the Company and shall initially serve as Chief Executive OfficerCorporation. Subject to any restrictions set forth in the direction Shareholders' Agreement or in the Bylaws of the Board of DirectorsCorporation, Executive Employee shall perform such duties as are customary for an Employee as Executive Vice President of Marketing and discharge well Sales Operations of businesses in the United States similar in kind and faithfully size to the Corporation and such other duties which as may from time to time be assigned to him from time to time by the Company in connection with President, the conduct of its business CEO or the business of any subsidiary or affiliate of the Company. Nothing herein shall preclude the Board of Directors from changing Executive's title and duties if the Board of Directors has determined in its reasonable judgment that such change is in the Company's best interests, provided, however, that at all times during the term of the Agreement, Executive shall be employed as a senior executive of the Company, Corporation in keeping with appropriate and commensurate title, rank, status and dutieshis position. (b) During the term hereof, Executive Employee shall devote sufficient business time, attention and energies use his best efforts to the business of the Company and its affiliates to properly discharge carry out his duties and responsibilities under this Agreement hereunder and shall not during devote his entire working time to the term of this Agreement be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such activity is pursued for gain, profit or other pecuniary advantage, if such activity is likely to or has interfered in any way with Executive's duties; provided that nothing in this section shall be construed as preventing Executive from (a) investing his personal assets in businesses which do not compete with the Company in such form or manner as will not require any services on the part of Executive in the operation or the and affairs of the companies in which such investments are made in which his participation is solely that of an investorCorporation and shall not, or (b) purchasing securities in any advisory or other capacity, work for any other individual, firm or corporation whose securities are publicly traded, provided that such purchase shall not result in his collectively owning beneficially at any time more than five percent (5%) without first having obtained the written consent of the equity securities of any corporation engaged in a business competitive to that of the CompanyCorporation. (c) During the term hereof, the principal place of employment of Executive Employee shall be the Corporation's headquarters in Greenbelt, Maryland or such other locations as may be selected for the metropolitan New York City area. It Corporation's facilities, although it is understood that in connection with his duties under this Agreementagreement, Executive Employee will be required to travel to and perform services at other locations including locations. (d) Employee represents and warrants to the CompanyCorporation that he is not subject to, or a party to, any employment agreement, non-competition covenant, non-disclosure agreement or other agreement, covenant, understanding or restriction which would prohibit Employee from executing this Agreement and performing fully his duties and responsibilities hereunder, or which would in any manner, directly or indirectly, limit or affect the duties and responsibilities which may now or in the future be assigned to Employee by the Corporation. (e) Employee agrees to cooperate at the request of the Corporation in any efforts to obtain "key-man" life insurance on Employee's offices in Greecelife.