Common use of Work Responsibilities Clause in Contracts

Work Responsibilities. You will be employed full-time in the position of President and CEO, reporting to the Board of Directors. You will remain a director although you will not be considered independent. In this position, you will devote your best efforts, and your full time, skill, labour and attention to carrying out your duties and to promoting the interests of the company. You will well and faithfully perform all services and duties customarily associated with your position, together with such additional duties and responsibilities as may be assigned by the Board from time to time. You agree not to be employed or engaged in any other capacity (including as a director) in promoting, undertaking or carrying on any other business apart from that of Zarlink, without the prior written authorisation of the Chairman of the Board. This does not preclude you from any passive or personal investments that you may wish to hold, unless with a competitor of the company, in which case you will advise the Board prior to making such investments, unless the investments are made through an independently managed fund or your ownership represents less than 0.1 % of a corporation's publicly traded shares.