Duties. The Executive shall serve as the Chief Executive Officer of the Corporation, with such duties, responsibilities, and authority as are commensurate and consistent with his position, and such other duties, responsibilities and authority as may be, from time to time, reasonably assigned to him by the Board of Directors (the Board) or Chairman of the Board of the Corporation. The Executive shall report directly to the Chairman of the Board of the Corporation. During the Term (as defined in [Section 3]), the Executive shall devote his full business time and efforts to the performance of his duties hereunder unless otherwise authorized by the Board. Notwithstanding the foregoing, the expenditure of reasonable amounts of time by the Executive for the making of passive personal investments, the conduct of private business affairs, and charitable and professional activities shall be allowed, provided such activities do not materially interfere with the services required to be rendered to the Corporation hereunder and do not violate the confidentiality provisions set forth in [Section 8] below. For the avoidance of doubt, Executive may invest or be involved with other ventures and investments, including intellectual property related ventures and investments, (hereafter Other Investments), so long as all Other Investments are disclosed to the Corporation and the Corporation determines that Executives involvement in any Other Investment does not contravene any provisions of this Agreement or will breach any of Executives duties to Company or its stockholders.
Position and Duties. TheDuring the Term, the Executive shall serve as the Chief Executive Officer of the Corporation, with such duties, responsibilities, and authority as are commensurate and consistent with his position, and such other duties, responsibilities and authority as may be, from timeCompany, reporting to time, reasonably assigned to him by the Board of Directors of the Company (the Board) or Chairman, and shall have supervision and control over and responsibility for the day-to-day business and affairs of the Board ofCompany and shall have such other powers and duties as may from time to time be prescribed by the Corporation.Board, provided that such duties are consistent with the Executives position or other positions that he may hold from time to time. The Company recognizes the unique responsibilities the Executive shall report directly tohas at the Chairman ofCompany and with the Board of the Corporation. During the Term (as defined in [Section 3]), theCompanys strategic partners. Executive shall devote his full businesssufficient working time and efforts to the business and affairs of the Company. Notwithstanding the foregoing, the Executive may serve in positions with the Companys strategic partners, on two outside public board of directors, consistent with the Companys corporate governance policies and procedures with the approval of the Board, which shall not be unreasonably withheld or conditioned, and engage in non-personal religious, charitable or other community activities as long as such services and activities are disclosed to the Board and do not interfere with the Executives performance of his duties hereunder unless otherwise authorized by the Board. Notwithstanding the foregoing, the expenditure of reasonable amounts of time by the Executive for the making of passive personal investments, the conduct of private business affairs, and charitable and professional activities shall be allowed, provided such activities do not materially interfere with the services required to be rendered to the Corporation hereunder and do not violate the confidentiality provisions set forthCompany as provided in [Section 8] below. For the avoidance of doubt, Executive may invest or be involved with other ventures and investments, including intellectual property related ventures and investments, (hereafter Other Investments), so long as all Other Investments are disclosed to the Corporation and the Corporation determines that Executives involvement in any Other Investment does not contravene any provisions of this Agreement or will breach any of Executives duties to Company or its stockholders.Agreement.
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