Common use of Positions and Responsibilities Clause in Contracts

Positions and Responsibilities. During the period of his employment hereunder, the Executive agrees to serve as President and Chief Operating Officer of the Company and its Subsidiaries, and to be responsible for the general management of the affairs and day-to-day operations of the Company and the general management of its Subsidiaries. During such period, the Executive shall serve as a member of the Company's Board of Directors and such of its Subsidiaries as may be requested by the Chairman and Chief Executive Officer of the Company. For purposes of this Agreement, "