Example ContractsClauseschange in executive’s positionVariants
Change in Executive’s Position
Change in Executive’s Position contract clause examples

Position. Executive is employed as the Company’s Chief Financial Officer and shall have the duties and responsibilities assigned by the Company’s Chief Executive Officer (“CEO”) both upon initial hire and as may be reasonably assigned from time to time. Executive shall perform faithfully and diligently all duties assigned to Executive. The Company reserves the right to modify Executive’s position and duties at any time in its sole and absolute discretion, subject to Section 7.3 below.

Positions and Duties. Executive will serve as Chief Executive Officer (“CEO”) of the Company. Executive will render such business and professional services in the performance of Executive’s duties, consistent with Executive’s position within the Company, as will reasonably be assigned to him by the Company’s [[Organization A:Organization]] (the “Board”), to whom he shall report. Unless and until the Board appoints replacements to the positions, Executive will also function as the Company’s Chief Financial Officer and Chief Compliance Officer, as well as the Chairman of the Company’s Board, all without additional compensation except such compensation for service as Chairman of the Board as the Board may grant.

Position and Duties. During the Term, the Executive shall serve as the Chief Financial Officer, reporting to the Chief Executive Officer. In such position, the Executive shall have the duties, authority, and responsibilities as shall be determined from time to time by the Chief Executive Officer, which duties, authority, and responsibilities shall be consistent with the Executive’s position.

Position and Duties. The Executive shall serve as the Chief Accounting Officer of the Company and shall have such powers and duties as may from time to time be prescribed by the Chief Executive Officer of the Company (the “CEO”), Chief Financial Officer (the “CFO”) of the Company or other duly authorized executive. The Executive shall devote the Executive’s full working time and efforts to the business and affairs of the Company. Notwithstanding the foregoing, the Executive may serve on other boards of directors, with the approval of the Board of Directors of the Company (the “Board”), or engage in religious, charitable or other community activities as long as such services and activities do not interfere with the Executive’s performance of the Executive’s duties to the Company.

Position. During the Employment Period, Executive shall serve as the Chief Financial Officer of the Company and, at the Board’s request but without additional compensation therefor, as an executive or director of any other member of the Company Group and, in such capacity, shall have the duties, responsibilities and authority that are normally associated with such office, subject to the direction and supervision of the Chief Executive Officer. Upon termination of employment hereunder for any or no reason, Executive will resign from each such position or office and will sign such documentation as reasonably necessary to effectuate such resignation, and in the event Executive fails to sign such documentation Executive hereby appoints each member of the Board (other than Executive, as applicable) as attorney-in-fact for such limited purpose of effecting such resignation.

Subject to the terms of this Agreement, Executive is employed in the position of Chief Executive Officer ("CEO") of the Company, and shall perform the functions and responsibilities of that position. Additional or different duties may be assigned by the Company from time to time. Executive's position, job descriptions, duties and responsibilities maybe modified from time to time in the sole discretion of the Company.

Position and Duties. You shall serve as the Chief Financial Officer of the Company and shall have such powers and duties as may from time to time be prescribed by the Chief Executive Officer (the “CEO”) or other duly authorized executive. You shall devote your full working time and efforts to the business and affairs of the Company and will not engage in any other business activities during your employment by the Company.

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