Title Powers and Responsibilities Sample Clauses

Title Powers and Responsibilities. During the term of this Agreement, Executive shall serve as Chief Executive Officer of the Company and have such duties, responsibilities, powers and authority normally and customarily associated with a chief executive officer, subject to the power and authority of the Board of Directors of the Company (the "Board of Directors"). Executive shall not engage in any business activity that interferes with the performance of his duties hereunder and shall not, without the prior written consent of the Board of Directors, perform other services for compensation, except as set forth on Schedule 1 attached hereto. Executive shall travel as necessary in connection with the performance of his duties hereunder; provided, however, that the Executive shall perform his duties and responsibilities primarily in the Cleveland, Ohio metropolitan area. The Board of Directors shall elect Executive to the Board of Directors effective on or before the Effective Date. Subject only to prior termination under Section 4, the Nominating Committee of the Board of Directors will nominate Executive for election at the next meeting of stockholders of the Company for a full term extending until May 31, 2008, and the Board of Directors will recommend his election to the stockholders of the Company at such meeting of stockholders.