During the Term of this Agreement, the President shall serve as President of the Company. The President shall report to the Board of Directors of the Company (the “Board”). The President shall perform those duties consistent with his position, as well as such other duties, not inconsistent with this Agreement, as the Board may from time to time direct. Exhibit A hereto sets forth the specific duties the President is required to perform hereunder. The President shall devote all of his business time and efforts to the performance of his duties under this Agreement and, other than as set forth in Exhibit B , shall not, during the President’s employment by the Company, without the prior written approval of the Chairman of the Board, be employed by or otherwise engaged in any other business activity requiring any of the President’s time, provided that the President may, to the extent not otherwise prohibited by this Agreement, devote such amount of time as does not interfere or compete with the performance of the President’s duties under this Agreement to any one or more of the following activities: (i) investing the President’s personal assets in such manner as will not require services to be rendered by the President in the operation of the affairs of the companies in which investments are made; or (ii) engaging in charitable activities, including serving on the boards of directors of charitable organizations. Other than those activities and investments listed on Exhibit B , there are no other activities or investments that would interfere with the President’s fulfillment of his duties as set forth in this Agreement. The President shall not enter into new activities or investments that would interfere with the fulfillment of his duties to the Company or expand his involvement with the activities and investments listed on Exhibit B without the prior written approval of the Chairman of the Board. The President further agrees that he may, without any additional compensation, serve as a director or in such other executive officer capacity (“ Additional Positions ”) with respect to the Company, its subsidiaries, affiliated companies and divisions, or in associations in which the Company is a member, as may from time to time be mutually agreed to in writing by the President and the Company.