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Brian,
In the absence of an already-established definition of a vice president in your chapter, you are in the unique position of setting that precedent! If you plan this out carefully enough, you can set the model that other vps after you will follow.
Some of the duties of the vp are obvious (aka sub for the pres whenever he/she isn't around, etc.). The other duties depend on the internal structure of your chapter. I'm not sure how exactly your chapter is organized as a whole, but I can tell you a little bit about my chapter and maybe you can get something out of that.
Generally speaking, the president of my chapter is responsible for communicating between the chapter and every body external to it from the local greek council to the national headquarters. The vice president is in charge of internal communication from the standpoint of making sure everyone is doing their jobs. He also chairs the exec board (the pres is the vice chair). Our vp is also responsible for making sure our bylaws get reviewed/updated annually. Additionally, the vp is an ex officio member of all committees and the default risk manager as well as being responsible for maintaining the chapter's library of officer notebooks. While the vp is certainly in a unique position to take over the presidency, more often than not each of our presidents have held other positions. In fact I don't believe any vp has ever been elected pres since I've been in the chapter. The two positions are recognized as essentially of equal responsibility, just different focus (although the pres obviously has ultimate authority). I hope that helps.
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