Common use of Transition Duties Clause in Contracts

Transition Duties. Commencing on the Transition Date, and for the duration of the Transition Term, Employee shall assist the Company with the transition of his duties and responsibilities, and shall otherwise assist the Company as specifically directed by the Company’s Chief Executive Officer with matters that relate to the performance of Employee’s current duties and the transition of Employee’s current duties (the “Transition Duties”). The Employee shall not be responsible for the hiring of a new Chief Financial Officer. Until the Company has hired a new Chief Financial Officer, the Employee will continue his current duties. Upon the Company’s hiring of a new Chief Financial Officer, Employee’s title will change and he will be responsible for transitioning his responsibilities to the new Chief Financial Officer. Employee agrees to provide the Transition Duties in good faith, to the best of his ability and in the best interests of the Company. Employee’s failure to act in good faith in performing the Transition Duties shall be considered a material breach of this Agreement.

Transition Duties. Commencing on the Transition Date, and for the duration of the Transition Term, Employee shall assist the Company with the transition of his duties and responsibilities, and shall otherwise assist the Company as specifically directed by the Company’s 's Chief Executive Officer with matters that relate to the performance of Employee’s 's current duties and the transition of Employee’s 's current duties (the “"Transition Duties”"). The Employee shall not be responsible for the hiring of a new Chief Financial Officer. Until the Company has hired a new Chief Financial Officer, the Employee will continue his current duties. Upon the Company’s 's hiring of a new Chief Financial Officer, Employee’s 's title will change and he will be responsible for transitioning his responsibilities to the new Chief Financial Officer. Employee agrees to provide the Transition Duties in good faith, to the best of his ability and in the best interests of the Company. Employee’s 's failure to act in good faith in performing the Transition Duties shall be considered a material breach of this Agreement.