Property Operations. In the performance of his duties, Executive shall be subject to the direction of the Board of Directors of the Company (the “Board”), including any committee of the Board designated by the Board, if any, and the Company’s Chief Operating Officer and any officer senior to the Chief Operating Officer (“CEO”, which term refers to the Chief Operating Officer and any officer senior to the Chief Operating Officer (such as the President, Chief Executive Officer and Executive Chairman), each with authority acting alone to give direction hereunder in the event that more than one person holds these positions) and shall not be required to take direction from or report to any other person. Executive will report directly to the Chief Operating Officer of the Company. Executive’s duties and authority shall be commensurate with Executive’s title and position with the Company, and shall not be materially diminished from, or materially inconsistent with, Executive’s duties and responsibilities with the Company immediately prior to the date of this Agreement, provided, however, that it will not be a violation of this Section 2(a), or otherwise be a breach by the Company under any term of this Agreement, if either (x) or (y) immediately below are true:
Appears in 1 contract
Property Operations. In the performance of his duties, Executive shall be subject to the direction of the Board of Directors of the Company (the “"Board”"), including any committee of the Board designated by the Board, if any, and the Company’s Chief Operating Officer and any officer senior to the Chief Operating Officer (“"CEO”", which term refers to the Chief Operating Officer and any officer senior to the Chief Operating Officer (such as the President, Chief Executive Officer and Executive Chairman), each with authority acting alone to give direction hereunder in the event that more than one person holds these positions) and shall not be required to take direction from or report to any other person. Executive will report directly to the Chief Operating Officer of the Company. Executive’s 's duties and authority shall be commensurate with Executive’s 's title and position with the Company, and shall not be materially diminished from, or materially inconsistent with, Executive’s 's duties and responsibilities with the Company immediately prior to the date of this Agreement, provided, however, that it will not be a violation of this Section 2(a), or otherwise be a breach by the Company under any term of this Agreement, if either (x) or (y) immediately below are true:
Appears in 1 contract