Term and Duties. The Employer hereby agrees to employ the Executive as Vice President of Sales of the Company commencing on the date hereof and continuing for a period of one (1) year from the date hereof (the "INITIAL TERM") or until terminated in accordance with this Section 1 or Section 4. Unless terminated by written notice delivered at least thirty (30) days prior to the expiration of the Initial Term, the Executive's employment shall continue for successive one (1) year terms (each one (1) year term hereinafter referred to as a "SUBSEQUENT TERM" and together with the Initial Term, the "TERM") until terminated by written notice delivered at least thirty (30) days prior to the expiration of the Subsequent Term in question (it being understood that any termination by the Employer pursuant to this sentence shall not be considered a termination by the Employer other than for Cause for purposes of Section 5(c) hereof). Subject to the provisions of this Agreement, during the Term, the Executive shall devote his best 137 efforts and abilities to the performance of the Executive's duties on behalf of the Employer and to the promotion of its interests, consistent with and subject to, the direction and control of the Board of Directors of the Company (the "BOARD") and the President of the Company (the "PRESIDENT"). The Executive shall devote substantially all of his business time, energies, attention and abilities to the operation of the Business and shall not be actively involved in any other trade or business or as an employee of any other trade or business. The Executive's services shall be performed during administrative hours substantially in Oceanside, New York. The Executive shall be entitled to maintain his current office in the Oceanside premises (so long as the business of the Company is located in Oceanside, New York), together with the office furniture, furnishings and business equipment currently located therein. The Executive shall be entitled to the services of an executive secretary. The Executive shall be entitled to no less than four (4) weeks of vacation time per year.
Appears in 1 contract
Sources: Asset Purchase Agreement (American Coin Merchandising Inc)
Term and Duties. The Employer hereby agrees to employ the Executive as Vice President of Sales the Chief Operating Officer of the Company commencing on the date hereof and continuing for a period of one (1) year from the date hereof (the "INITIAL TERM") or until terminated in accordance with this Section 1 or Section 4. Unless terminated by written notice delivered at least thirty (30) days prior to the expiration of the Initial Term, the Executive's employment shall continue for successive one (1) year terms (each one (1) year term hereinafter referred to as a "SUBSEQUENT TERM" and together with the Initial Term, the "TERM") until terminated by written notice delivered at least thirty (30) days prior to the expiration of the Subsequent Term in question (it being understood that any termination by the Employer pursuant to this sentence shall not be considered a termination by the Employer other than for Cause for purposes of Section 5(c5(d) hereof). Subject to the provisions of this Agreement, during the Term, the Executive shall 124 devote his best 137 efforts and abilities to the performance of the Executive's duties on behalf of the Employer and to the promotion of its interests, consistent with and subject to, the direction and control of the Board of Directors of the Company (the "BOARD") and the President of the Company (the "PRESIDENT"). The Executive shall devote substantially all of his business time, energies, attention and abilities to the operation of the Business and shall not be actively involved in any other trade or business or as an employee of any other trade or business. The Executive's services shall be performed during administrative hours substantially in Oceanside, New York. The Executive shall be entitled to maintain his current office in the Oceanside premises (so long as the business of the Company is located in Oceanside, New York), together with the office furniture, furnishings and business equipment currently located therein. The Executive shall be entitled to the services of an executive secretary. The Executive shall be entitled to no less than four (4) weeks of vacation time per year.
Appears in 1 contract
Sources: Asset Purchase Agreement (American Coin Merchandising Inc)
Term and Duties. The Employer hereby agrees to employ the Executive as the Senior Vice President of Sales of the Company – Pro-Cell General Manager commencing on the date hereof of the Closing (as defined in the Unit Purchase Agreement) and continuing for a period of one three (13) year from the date hereof years (the "INITIAL TERM"“Initial Term”) or until terminated in accordance with this Section 1 or Section 45. Unless terminated by written notice delivered at least thirty (30) days prior to the expiration of the Initial Term, the Executive's ’s employment shall continue for successive one (1) year terms (each one (1) year term hereinafter referred to as a "SUBSEQUENT TERM" “Subsequent Term” and together with the Initial Term, the "TERM"“Term”) until terminated by written notice delivered at least thirty (30) days prior to the expiration of the Subsequent Term in question (it being understood that any termination by the Employer pursuant to this sentence shall not be considered a termination by the Employer other than for Cause for purposes of Section 5(c) hereof)Term. Subject to the provisions of this Agreement, during the Term, the Executive shall devote his best 137 efforts and abilities to the performance of the Executive's ’s duties on behalf of the Employer and to the promotion of its interests, interests consistent with and subject to, to the direction and control of the Board of Directors of the Company (the "BOARD") and ▇▇▇▇ ▇▇▇▇▇▇, the President of CPG International, or his successor during the Company first eighteen (18) months of the "PRESIDENT")Initial Term, and thereafter, of ▇▇▇▇ ▇▇▇▇▇▇ or his successor or ▇▇▇▇▇ ▇▇▇▇▇ or any other Business Unit President or their successors. The Executive shall devote substantially all of his business time, energies, attention and abilities to the operation of the Business business of Employer and shall not be actively involved in any other trade or business or as an employee of any other trade or business. The Executive's services Nothing contained herein shall be performed during administrative hours substantially deemed to prevent or limit Executive’s rights to (i) engage in Oceansidereligious, New York. The Executive shall be entitled to maintain his current office charitable or other non-profit activities, and (ii) make any other passive investments which do not otherwise interfere, in any material respect, with Executive’s duties hereunder or violate the Oceanside premises (so long as the business terms of the Company is located in Oceanside, New York), together with the office furniture, furnishings and business equipment currently located therein. The Executive shall be entitled to the services of an executive secretary. The Executive shall be entitled to no less than four (4) weeks of vacation time per yearExecutive’s Noncompetition Agreement.
Appears in 1 contract
Term and Duties. (a) The Employer hereby agrees to employ the Executive term of this Agreement shall commence as Vice President of Sales of the Company commencing on Effective Date and shall continue until the date hereof and continuing for a period fifth anniversary of one (1) year from the date hereof Effective Date (the "INITIAL TERM") or until terminated in accordance with this Section 1 or Section 4. Unless terminated by written notice delivered at least thirty (30) days prior to the expiration of the “Initial Term”). The Agreement will renew automatically for additional, the Executive's employment shall continue for successive one twelve (112) year terms month periods (each one (1) year term hereinafter referred to as each, a "SUBSEQUENT TERM" “Renewal Term”, and together collectively with the Initial Term, the "TERM"“Term”) until terminated by written unless the Executive, on the one hand, or the Bank and the Holding Company, on the other hand, delivers notice delivered of intent not to renew at least thirty ninety (3090) days prior to the expiration applicable renewal date. The Term may be terminated in accordance with Sections 4 and 5.
(b) During the period of the Subsequent Term in question (it being understood that any termination his employment hereunder, except for periods of absence occasioned by the Employer pursuant to this sentence shall not be considered a termination by the Employer other than for Cause for purposes illness, vacation periods, and approved leaves of Section 5(c) hereof). Subject to the provisions of this Agreement, during the Termabsence, the Executive shall devote his best 137 efforts and abilities to the performance of the Executive's duties on behalf of the Employer and to the promotion of its interests, consistent with and subject to, the direction and control of the Board of Directors of the Company (the "BOARD") and the President of the Company (the "PRESIDENT"). The Executive shall devote substantially all of his business time, energiesattention, attention skill, and abilities efforts to the faithful performance of his duties hereunder, including the operation and management of the Business Holding Company and shall the Bank; provided, however, that, from time to time, the Executive may, subject to the Executive’s obligations hereunder (including Section 6) and contingent upon the prior written approval of the Board of Directors of the Holding Company, such approval not to be actively involved in unreasonably withheld or delayed, serve, or continue to serve, on the boards of directors of, and hold any other trade offices or business positions in, companies or as an employee organizations, which will not materially affect the performance of any other trade or businessthe Executive’s duties pursuant to this Agreement; provided that the activities set forth on Schedule A shall be deemed to have been approved by the Board of Directors of the Holding Company. The Executive's services shall be performed during administrative hours substantially in Oceanside, New York. The duties of the Executive shall be entitled to maintain his current office in as directed by the Oceanside premises (so long as the business Boards of Directors of the Holding Company is located in Oceansideand the Bank including, New York)but not limited to, together with the office furniture, furnishings direction of activities of all other officers and business equipment currently located therein. The Executive shall be entitled to employees of the services of an executive secretary. The Executive shall be entitled to no less than four (4) weeks of vacation time per yearHolding Company and the Bank.
Appears in 1 contract
Term and Duties. The Employer hereby agrees to employ the Executive as the Senior Vice President of – Pro-Cell Sales of the Company and Marketing commencing on the date hereof of the Closing (as defined in the Unit Purchase Agreement) and continuing for a period of one three (13) year from the date hereof years (the "INITIAL TERM"“Initial Term”) or until terminated in accordance with this Section 1 or Section 45. Unless terminated by written notice delivered at least thirty (30) days prior to the expiration of the Initial Term, the Executive's ’s employment shall continue for successive one (1) year terms (each one (1) year term hereinafter referred to as a "SUBSEQUENT TERM" “Subsequent Term” and together with the Initial Term, the "TERM"“Term”) until terminated by written notice delivered at least thirty (30) days prior to the expiration of the Subsequent Term in question (it being understood that any termination by the Employer pursuant to this sentence shall not be considered a termination by the Employer other than for Cause for purposes of Section 5(c) hereof)Term. Subject to the provisions of this Agreement, during the Term, the Executive shall devote his best 137 efforts and abilities to the performance of the Executive's ’s duties on behalf of the Employer and to the promotion of its interests, interests consistent with and subject to, to the direction and control of the Board of Directors of the Company (the "BOARD") and ▇▇▇▇ ▇▇▇▇▇▇, the President of CPG International, or his successor during the Company first eighteen (18) months of the "PRESIDENT")Initial Term, and thereafter, of ▇▇▇▇ ▇▇▇▇▇▇ or his successor or ▇▇▇▇▇ ▇▇▇▇▇ or any other Business Unit President or their successors. The Executive shall devote substantially all of his business time, energies, attention and abilities to the operation of the Business business of Employer and shall not be actively involved in any other trade or business or as an employee of any other trade or business. The Executive's services Nothing contained herein shall be performed during administrative hours substantially deemed to prevent or limit Executive’s rights to (i) engage in Oceansidereligious, New York. The Executive shall be entitled to maintain his current office charitable or other non-profit activities, and (ii) make any other passive investments which do not otherwise interfere, in any material respect, with Executive’s duties hereunder or violate the Oceanside premises (so long as the business terms of the Company is located in Oceanside, New York), together with the office furniture, furnishings and business equipment currently located therein. The Executive shall be entitled to the services of an executive secretary. The Executive shall be entitled to no less than four (4) weeks of vacation time per yearExecutive’s Noncompetition Agreement.
Appears in 1 contract
Term and Duties. The Employer hereby agrees to employ the Executive Employee as Vice President of Sales the Extrinsic Division of the Company BG Staffing, commencing on the date hereof of this Agreement (“Start Date”) and continuing for a period of one three (13) year from the date hereof years (the "INITIAL TERM") “Initial Term”), or until earlier terminated in accordance with this Section 1 or Section 4. Unless Subject to Section 4, unless terminated by either Employee or Employer by written notice delivered at least thirty ninety (3090) days prior to the expiration of the Initial Term, the Executive's Employee’s employment shall continue for successive one (1) year terms (each one (1) year term hereinafter referred to as a "SUBSEQUENT TERM" and “Subsequent Term” and, together with the Initial Term, the "TERM"“Term”) until terminated by written notice delivered at least thirty ninety (3090) days prior to the expiration of the Subsequent Term in question (it being understood that any termination by the Employer pursuant to this sentence shall not be considered a termination by the Employer other than for Cause for purposes of Section 5(c) hereof)Term. Subject to the provisions of this Agreement, during the Term, the Executive and excluding any periods of vacation and sick leave to which Employee is entitled, Employee shall devote his best 137 commercially reasonable efforts and abilities to the performance of the Executive's Employee’s duties on behalf of the Employer Extrinsic Division of BG Staffing and to the promotion of its interests, consistent with and subject to, to the general direction and control of the Board President and CEO of Directors of the Company (the "BOARD") and the President of the Company (the "PRESIDENT")BG Staffing. The Executive Employee shall devote substantially all of his business time, energies, attention and abilities to the operation of the Business business of the Extrinsic Division of BG Staffing and shall not not, unless the prior approval of the President and CEO of BG Staffing shall have been obtained, be actively involved in any other trade as an executive or business or as an employee of any other trade or business. The Executive's services Unless otherwise agreed by Employee in writing, Employee shall be performed during administrative hours substantially in Oceansideallowed to provide his services hereunder within a fifty (50) mile radius of Raleigh, New York. The Executive shall be entitled to maintain his current office in North Carolina throughout the Oceanside premises (so long as the business of the Company is located in Oceanside, New York), together with the office furniture, furnishings and business equipment currently located therein. The Executive shall be entitled to the services of an executive secretary. The Executive shall be entitled to no less than four (4) weeks of vacation time per yearTerm.
Appears in 1 contract
Term and Duties. The Employer Employers hereby agrees agree to employ the Executive as Vice President of Sales of the Company and Chief Financial Officer, commencing on May 1, 2006 (the date hereof “Start Date”) and continuing for a period of one three (13) year from the date hereof years (the "INITIAL TERM"“Initial Term”) or until terminated in accordance with this Section 1 or Section 4. Unless terminated by either Executive or Employers by written notice delivered at least thirty (30) days prior to the expiration of the Initial Term, the Executive's ’s employment shall continue for successive one (1) year terms (each one (1) year term hereinafter referred to as a "SUBSEQUENT TERM" and “Subsequent Term” and, together with the Initial Term, the "TERM"“Term”) until terminated by written notice delivered at least thirty (30) days prior to the expiration of the Subsequent Term in question (it being understood that any termination by the Employer pursuant to this sentence shall not be considered a termination by the Employer other than for Cause for purposes of Section 5(c) hereof)Term. Subject to the provisions of this Agreement, during the Term, the Executive shall devote his best 137 efforts and abilities to the performance of the Executive's ’s duties on behalf of the Employer Employers, and to the promotion of its interests, their interests consistent with and subject to, to the direction and control of the Board of Directors of the Company each Employer (the "BOARD") and the President of the Company (the "PRESIDENT"“Board”). The Executive shall devote substantially all of his business time, energies, attention and abilities to the operation of the Business business of Employers and shall not be actively involved in any other trade or business or as an employee of any other trade or business. The Executive's services Nothing in this Agreement shall be performed during administrative hours substantially preclude Executive from (i) engaging in Oceansidecharitable and community affairs, New York. The Executive shall be entitled (ii) managing his personal investments (including acquiring or retaining securities of other companies and entities, provided such investments are passive), or (iii) subject to maintain his current office written approval of the Board, serving as a member of boards of directors of other companies or entities which do not compete with any Employer, or engaging in other activities which do not compete with any Employer or do not otherwise conflict with the provisions of this Agreement, in the Oceanside premises case of each of (so long as the business of the Company is located in Oceanside, New Yorki) - (iii), together which do not materially interfere with the office furniture, furnishings and business equipment currently located therein. The Executive shall be entitled to the services performance of an executive secretary. The Executive shall be entitled to no less than four (4) weeks of vacation time per yearhis duties hereunder.
Appears in 1 contract
Term and Duties. The Employer Employers hereby agrees agree to employ Executive for the Executive as Vice President of Sales of the Company three-year period commencing on the date hereof January 1, 2006 and continuing for a period of one (1) year from the date hereof ending December 31, 2008 (the "INITIAL TERM"“Initial Term”) or until terminated in accordance with this Section 1 or 1or Section 45. Unless terminated by written notice delivered at least thirty (30) days prior to the expiration of the Initial Term, the Executive's ’s employment shall continue for successive one (1) year terms (each one (1) year term hereinafter referred to as a "SUBSEQUENT TERM" “Subsequent Term” and together with the Initial Term, the "TERM"“Term”). For the period commencing on January 1, 2006 and continuing until February 9, 2006 (the date on which the Employers designate Executive as successor Chief Executive Officer of the Employers) (the “Designation Date”), Executive shall serve as the Chief Financial Officer and Chief Operating Officer of the Employers. For the period commencing on the Designation Date and continuing until terminated by written notice delivered at least thirty December 31, 2006 (30or such earlier date as the Employers shall determine), Executive shall serve as the President and Chief Operating Officer of the Employers. For the period commencing on January 1, 2007 (or such earlier date as the Employers shall determine) days prior to and continuing until the expiration of the Subsequent Term in question Term, Executive shall serve as the President and Chief Executive Officer of the Employers and as a non-compensated member of the Board of Directors of each Employer (it being understood that any termination by the Employer pursuant to this sentence shall not be considered a termination by the Employer other than for Cause for purposes of Section 5(c) hereof“Board”). Subject to the provisions of this Agreement, during the Term, the Executive shall devote his best 137 efforts and abilities to the performance of the Executive's ’s duties on behalf of the Employer Employers and to the promotion of its interests, their interests consistent with Executive’s offices and positions with the Employers and subject to, to the direction and control of the Board of Directors of the Company (the "BOARD") and the President of the Company (the "PRESIDENT")Board. The Executive shall devote substantially all of his business time, energies, attention and abilities to the operation of the Business business of Employers and shall not be actively involved in any other trade or business or as an employee of any other trade or business. The ; provided, however, that Executive is permitted to serve on one outside Board of Directors of Executive's services shall be performed during administrative hours substantially ’s choosing provided that such service is not in Oceanside, New York. The Executive shall be entitled to maintain his current office in the Oceanside premises (so long as the business of the Company is located in Oceanside, New York), together any way competitive with the office furniture, furnishings Employers and business equipment currently located therein. The Executive shall be entitled does not materially interfere with the performance of Executive’s duties to the services of an executive secretary. The Executive shall be entitled to no less than four (4) weeks of vacation time per yearEmployers.
Appears in 1 contract
Sources: Employment Agreement (Vycom Corp.)
Term and Duties. The Employer Employers hereby agrees agree to employ the Executive as Vice President and Chief Executive Officer, with customary duties and responsibilities as presidents and chief executive officers of Sales companies of the Company comparable size, type and nature, commencing on February 6, 2006 (the date hereof “Start Date”) and continuing for a period of one three (13) year from the date hereof years (the "INITIAL TERM"“Initial Term”) or until terminated in accordance with this Section 1 or Section 4. Unless terminated by either Executive or Employers by written notice delivered at least thirty (30) days prior to the expiration of the Initial Term, the Executive's ’s employment shall continue for successive one (1) year terms (each one (1) year term hereinafter referred to as a "SUBSEQUENT TERM" and “Subsequent Term” and, together with the Initial Term, the "TERM"“Term”) until terminated by written notice delivered at least thirty (30) days prior to the expiration of the Subsequent Term in question (it being understood that any termination by the Employer pursuant to this sentence shall not be considered a termination by the Employer other than for Cause for purposes of Section 5(c) hereof)Term. Subject to the provisions of this Agreement, during the Term, Executive shall, to the Executive shall best of his skill and ability, devote his best 137 efforts and abilities to the performance of the Executive's ’s duties on behalf of the Employer Employers and to the promotion of its interests, their interests consistent with and subject to, to the direction and control of the Board of Directors of the Company each Employer (the "BOARD") and the President of the Company (the "PRESIDENT"“Board”). The Executive shall report to the Board and shall devote substantially all of his business time, energies, attention and abilities to the operation of the Business business of Employers and shall not be actively involved in any other trade or business or as an employee of any other trade or business. The Executive's services Nothing in this Agreement shall be performed during administrative hours substantially preclude Executive from (i) engaging in Oceansidecharitable and community affairs, New York(ii) managing his personal investments (including acquiring or retaining securities of other companies and entities, provided such investments are passive), (iii) continuing to serve on the boards of directors of entities on which he presently serves (to the extent such service is not precluded by federal or state law or by conflict of interest by reason of his positions with Employers) which do not compete with any Employer, or (iv) subject to written approval of the Board, serving as a member of boards of directors of other companies or entities which do not compete with any Employer, or engaging in other activities which do not compete with any Employer or do not otherwise conflict with the provisions of this Agreement, in the case of each of (i) - (iv), which do not materially interfere with the performance of his duties hereunder. The During the Term, Executive shall be entitled to maintain his current office in the Oceanside premises (so long as the business a member of the Company is located in Oceanside, New York), together with the office furniture, furnishings Board of Directors of Pregis I and business equipment currently located therein. The Executive shall be entitled to the services of an executive secretary. The Executive shall be entitled to no less than four (4) weeks of vacation time per yearPregis II.
Appears in 1 contract
Sources: Employment Agreement (Hexacomb CORP)
Term and Duties. (a) The Employer hereby agrees to employ the Executive as Vice its President of Sales of the Company and Chief Executive Officer, with duties and responsibilities consistent with such positions, commencing on a date mutually agreed by the date hereof and continuing for a period parties within ten (10) days of one (1) year from the date hereof (the "INITIAL TERM"“Start Date”) and continuing until either the Executive or until terminated in accordance with this Section 1 or Section 4. Unless terminated by written notice delivered at least thirty (30) days prior to the expiration of the Initial Term, the Executive's employment shall continue for successive one (1) year terms (each one (1) year term hereinafter referred to as a "SUBSEQUENT TERM" and together with the Initial Term, the "TERM") until terminated by written notice delivered at least thirty (30) days prior to the expiration of the Subsequent Term in question (it being understood that any termination by the Employer pursuant to this sentence shall not be considered a termination by terminates such employment (the Employer other than for Cause for purposes of Section 5(c) hereof“Employment Period”). Subject to On or as soon as practicable following the provisions of this Agreement, during the TermStart Date, the Executive shall devote his best 137 efforts and abilities will be appointed to the performance of the Executive's duties on behalf of the Employer and to the promotion of its interests, consistent with and subject to, the direction and control of the Board of Directors of the Company Employer (the "BOARD"“Board”). The Executive’s employment with the Employer will be for an unspecified duration and constitutes “at-will” employment.
(b) and During the President of Employment Period, Executive will report directly to the Company (the "PRESIDENT")Board. The Executive shall devote substantially all of his business time and attention and Executive’s best efforts (excepting vacation time, energiesholidays, attention sick days and abilities periods of disability) to Executive’s employment and service with the Employer and its Subsidiaries, consistent with and subject to the operation direction and control of the Business and shall Board; provided, however, that this provision will not be actively involved in any other trade or business or interpreted as an employee of any other trade or business. The prohibiting the Executive from (i) managing Executive's services shall be performed during administrative hours substantially in Oceanside, New York. The Executive shall be entitled to maintain his current office in the Oceanside premises ’s personal investments (so long as such investment activities are of a passive nature), (ii) engaging in charitable or civic activities, (iii) participating on the business board of directors or similar body of up to one (1) outside corporation or entity with the consent of the Company is located Board, which shall not be unreasonably withheld or
(iv) participating on boards of directors or similar bodies of non-profit corporations and other organizations, so long as such activities in Oceanside, New York), together clauses (i) through (iv) in the aggregate do not (A) interfere with the office furnitureperformance of the Executive’s duties and responsibilities hereunder, furnishings and business equipment currently located therein. The Executive shall be entitled to (B) create a fiduciary conflict, or (C) violate any of the services of an executive secretary. The Executive shall be entitled to no less than four (4) weeks of vacation time per yearExecutive’s restrictive covenants.
Appears in 1 contract
Sources: Employment Agreement (CPG Newco LLC)
Term and Duties. The Employer Employers hereby agrees agree to employ the Executive as Vice President of Sales of the Company and Chief Executive Officer, commencing on his first day of full time employment, but no later than October 31, 2006 (the date hereof “Start Date”), and continuing for a period of one three (13) year from the date hereof years (the "INITIAL TERM"“Initial Term”) or until terminated in accordance with this Section 1 or Section 4. Unless terminated by either Executive or Employers by written notice delivered at least thirty (30) days prior to the expiration of the Initial Term, the Executive's ’s employment shall continue for successive one (1) year terms (each one (1) year term hereinafter referred to as a "SUBSEQUENT TERM" and “Subsequent Term” and, together with the Initial Term, the "TERM"“Term”) until terminated by written notice delivered at least thirty (30) days prior to the expiration of the Subsequent Term in question (it being understood that any termination by the Employer pursuant to this sentence shall not be considered a termination by the Employer other than for Cause for purposes of Section 5(c) hereof)Term. Subject to the provisions of this Agreement, during the Term, the Executive shall devote his best 137 efforts and abilities to the performance of the Executive's ’s duties on behalf of the Employer Employers, and to the promotion of its interests, their interests consistent with and subject to, to the direction and control of the Board of Directors of the Company each Employer (the "BOARD") and the President of the Company (the "PRESIDENT"“Board”). The Executive shall devote substantially all of his business time, energies, attention and abilities to the operation of the Business business of Employers and shall not be actively involved in any other trade or business or as an employee of any other trade or business. The Executive's services Nothing in this Agreement shall be performed during administrative hours substantially preclude Executive from (i) engaging in Oceansidecharitable and community affairs, New York(ii) managing his personal investments (including acquiring or retaining securities of other companies and entities, provided such investments are passive), or (iii) subject to written approval of the Board, serving as a member of boards of directors of other companies or entities which do not compete with any Employer, or engaging in other activities which do not compete with any Employer or do not otherwise conflict with the provisions of this Agreement, in the case of each of (i) - (iii), which do not materially interfere with the performance of his duties hereunder. The During the Term, Executive shall be entitled to maintain his current office in the Oceanside premises (so long as the business a member of the Company is located in Oceanside, New York), together with the office furniture, furnishings Board of Directors of Pregis I and business equipment currently located therein. The Executive shall be entitled to the services of an executive secretary. The Executive shall be entitled to no less than four (4) weeks of vacation time per yearPregis II.
Appears in 1 contract