Common use of Duties of Position Clause in Contracts

Duties of Position. During the Employment Period, Executive shall serve as Founder and Chief Executive Officer of the Company. Executive shall perform such duties and responsibilities, consistent with Executive’s title, training and experience, as are from time to time reasonably assigned to Executive by the Board. Executive shall report directly to the Board. It is anticipated that during the Employment Period, Executive shall also provide services directly to NRF and/or its subsidiaries, as well as to other entities with which the Company or its subsidiaries may have entered into or may enter into management agreements following the Effective Date (such entities, “NSAM Managed Companies”). Executive agrees to devote not less than a majority of Executive’s business time, attention and energies to the performance of the duties assigned to Executive hereunder and his services to NRF and, if applicable, any other NSAM Managed Companies and their subsidiaries, and to perform his duties hereunder faithfully, diligently and to the best of Executive’s abilities and subject to such laws, rules, regulations and policies from time to time applicable to the Company’s employees. Notwithstanding the above, nothing in this Agreement shall preclude Executive from devoting a portion of Executive’s business time, attention and energies to other business endeavors. The Company may assign all or a portion of its rights and obligations under this agreement to any of its affiliates or enter into an agreement with any of its affiliates that provides that Executive will perform services on behalf of such affiliate and Executive agrees to provide such services, as directed by the Company.

Duties of Position. During the Employment Period, Executive shall serve as Founder and Chief Executive Financial Officer of the Company. Executive shall perform such duties and responsibilities, consistent with Executive’s title, training and experience, as are from time to time reasonably assigned to Executive by the BoardChief Executive Officer of the Company, or, at the direction of the Chief Executive Officer, by the President of the Company. Executive shall report directly to the BoardChief Executive Officer of the Company, or, at the direction of the Chief Executive Officer, to the President of the Company. It is anticipated that during the Employment Period, Executive shall also provide services directly to NRF and/or its subsidiaries, as well as to other entities with which the Company or its subsidiaries may have entered into or may enter into management agreements following the Effective Date (such entities, “NSAM Managed Companies”). Except for Executive’s direct services to NRF and, if applicable, any NSAM Managed Companies and their subsidiaries, Executive agrees to devote not less than a majority all of Executive’s business time, attention and energies to the performance of the duties assigned to Executive hereunder and his services to NRF and, if applicable, any other NSAM Managed Companies and their subsidiarieshereunder, and to perform his such duties hereunder faithfully, diligently and to the best of Executive’s abilities and subject to such laws, rules, regulations and policies from time to time applicable to the Company’s employees. Notwithstanding the above, nothing in this Agreement shall preclude Executive from devoting a portion of Executive’s business time, attention and energies to other business endeavors. The Company may assign all or a portion of its rights and obligations under this agreement to any of its affiliates or enter into an agreement with any of its affiliates that provides that Executive will perform services on behalf of such affiliate and Executive agrees to provide such services, as directed by the Company.

Duties of Position. During the Employment Period, Executive shall serve as Founder and Chief Executive Officer President of the Company. Executive shall perform such duties and responsibilities, consistent with Executive’s title, training and experience, as are from time to time reasonably assigned to Executive by the BoardChief Executive Officer of the Company. Executive shall report directly to the BoardChief Executive Officer of the Company. It is anticipated that during the Employment Period, Executive shall also provide services directly to NRF and/or its subsidiaries, as well as to other entities with which the Company or its subsidiaries may have entered into or may enter into management agreements following the Effective Date (such entities, “NSAM Managed Companies”). Except for Executive’s direct services to NRF and, if applicable, any NSAM Managed Companies and their subsidiaries, Executive agrees to devote not less than a majority all of Executive’s business time, attention and energies to the performance of the duties assigned to Executive hereunder and his services to NRF and, if applicable, any other NSAM Managed Companies and their subsidiarieshereunder, and to perform his such duties hereunder faithfully, diligently and to the best of Executive’s abilities and subject to such laws, rules, regulations and policies from time to time applicable to the Company’s employees. Notwithstanding the above, nothing in this Agreement shall preclude Executive from devoting a portion of Executive’s business time, attention and energies to other business endeavors. The Company may assign all or a portion of its rights and obligations under this agreement to any of its affiliates or enter into an agreement with any of its affiliates that provides that Executive will perform services on behalf of such affiliate and Executive agrees to provide such services, as directed by the Company.

Duties of Position. During the Employment Period, Executive shall serve as Founder Chief Investment and Chief Executive Operating Officer of the Company. Executive shall perform such duties and responsibilities, consistent with Executive’s title, training and experience, as are from time to time reasonably assigned to Executive by the BoardChief Executive Officer of NSAM. Executive shall report directly to the BoardChief Executive Officer of NSAM. It is anticipated that during the Employment Period, Executive shall also provide services directly to NRF and/or its subsidiaries, as well as to other entities with which the Company or its subsidiaries may have entered into or may enter into management agreements following the Effective Date (such entities, “NSAM Managed Companies”). Except for Executive’s direct services to NRF and, if applicable, any NSAM Managed Companies and their subsidiaries, Executive agrees to devote not less than a majority all of Executive’s business time, attention and energies to the performance of the duties assigned to Executive hereunder and his services to NRF and, if applicable, any other NSAM Managed Companies and their subsidiarieshereunder, and to perform his such duties hereunder faithfully, diligently and to the best of Executive’s abilities and subject to such laws, rules, regulations and policies from time to time applicable to the Company’s employees. Notwithstanding the above, nothing in this Agreement shall preclude Executive from devoting a portion of Executive’s business time, attention and energies to other business endeavors. The Company may assign all or a portion of its rights and obligations under this agreement to any of its affiliates or enter into an agreement with any of its affiliates that provides that Executive will perform services on behalf of such affiliate and Executive agrees to provide such services, as directed by the Company.

Duties of Position. During the Employment Period, Executive shall serve as Founder Executive Vice President, General Counsel and Chief Executive Officer Secretary of the Company. Executive shall perform such duties and responsibilities, consistent with Executive’s title, training and experience, as are from time to time reasonably assigned to Executive by the BoardChief Executive Officer or President of the Company. Executive shall report directly to the BoardPresident of the Company. It is anticipated that during the Employment Period, Executive shall also provide services directly to NRF and/or its subsidiaries, as well as to other entities with which the Company or its subsidiaries may have entered into or may enter into management agreements following the Effective Date (such entities, “NSAM Managed Companies”). Except for Executive’s direct services to NRF and, if applicable, any NSAM Managed Companies and their subsidiaries, Executive agrees to devote not less than a majority all of Executive’s business time, attention and energies to the performance of the duties assigned to Executive hereunder and his services to NRF and, if applicable, any other NSAM Managed Companies and their subsidiarieshereunder, and to perform his such duties hereunder faithfully, diligently and to the best of Executive’s abilities and subject to such laws, rules, regulations and policies from time to time applicable to the Company’s employees. Notwithstanding the above, nothing in this Agreement shall preclude Executive from devoting a portion of Executive’s business time, attention and energies to other business endeavors. The Company may assign all or a portion of its rights and obligations under this agreement to any of its affiliates or enter into an agreement with any of its affiliates that provides that Executive will perform services on behalf of such affiliate and Executive agrees to provide such services, as directed by the Company.

Duties of Position. During the Employment Period, Executive shall serve as Founder Chief Investment and Chief Executive Operating Officer of the Company. Executive shall perform such duties and responsibilities, consistent with Executive’s title, training and experience, as are from time to time reasonably assigned to Executive by the BoardChief Executive Officer of the Company. Executive shall report directly to the BoardChief Executive Officer of the Company. It is anticipated that during the Employment Period, Executive shall also provide services directly to NRF and/or its subsidiaries, as well as to other entities with which the Company or its subsidiaries may have entered into or may enter into management agreements following the Effective Date Spin-Off (such entities, A-13 “NSAM Managed Companies”). Except for Executive’s direct services to NRF and, if applicable, any NSAM Managed Companies and their subsidiaries, Executive agrees to devote not less than a majority all of Executive’s business time, attention and energies to the performance of the duties assigned to Executive hereunder and his services to NRF and, if applicable, any other NSAM Managed Companies and their subsidiarieshereunder, and to perform his such duties hereunder faithfully, diligently and to the best of Executive’s abilities and subject to such laws, rules, regulations and policies from time to time applicable to the Company’s employees. Notwithstanding the above, nothing in this Agreement shall preclude Executive from devoting a portion of Executive’s business time, attention and energies to other business endeavors. The Company may assign all or a portion of its rights and obligations under this agreement to any of its affiliates or enter into an agreement with any of its affiliates that provides that Executive will perform services on behalf of such affiliate and Executive agrees to provide such services, as directed by the Company.

Duties of Position. During the Employment Period, from and after the Amendment Effective Date, Executive shall serve as Founder and Chief Executive Officer of the Company. Executive shall perform such duties and responsibilities, consistent with Executive’s title, training and experience, as are from time to time reasonably assigned to Executive by the Board, to the extent consistent with Executive’s responsibilities as Chief Executive Officer of the Company. Executive shall report directly to the Board. It is anticipated that during the Employment Period, Executive shall also provide services directly to NRF and/or its subsidiaries, as well as to other entities with which the Company or its subsidiaries may have entered into or may enter into management agreements following the Effective Date (such entities, “NSAM Managed Companies”). Except for Executive’s direct services to NRF and, if applicable, any NSAM Managed Companies and their subsidiaries, Executive agrees to devote not less than a majority all of Executive’s business time, attention and energies to the performance of the duties assigned to Executive hereunder and his services to NRF and, if applicable, any other NSAM Managed Companies and their subsidiarieshereunder, and to perform his such duties hereunder faithfully, diligently and to the best of Executive’s abilities and subject to such laws, rules, regulations and policies from time to time applicable to the Company’s employees. Notwithstanding the above, nothing in this Agreement shall preclude Executive from devoting a portion of Executive’s business time, attention and energies to other business endeavors. The Company may assign all or a portion of its rights and obligations under this agreement to any of its affiliates or enter into an agreement with any of its affiliates that provides that Executive will perform services on behalf of such affiliate and Executive agrees to provide such services, as directed by the Company, in each case, to the extent consistent with Executive’s responsibilities as Chief Executive Officer of the Company.

Duties of Position. During the Employment Period, Executive shall serve as Founder Chief Investment and Chief Executive Operating Officer of the Company. Executive shall perform such duties and responsibilities, consistent with Executive’s title, training and experience, as are from time to time reasonably assigned to Executive by the BoardChief Executive Officer of the Company. Executive shall report directly to the BoardChief Executive Officer of the Company. It is anticipated that during the Employment Period, Executive shall also provide services directly to NRF and/or its subsidiaries, as well as to other entities with which the Company or its subsidiaries may have entered into or may enter into management agreements following the Effective Date Spin-Off (such entities, “NSAM Managed Companies”). Except for Executive’s direct services to NRF and, if applicable, any NSAM Managed Companies and their subsidiaries, Executive agrees to devote not less than a majority all of Executive’s business time, attention and energies to the performance of the duties assigned to Executive hereunder and his services to NRF and, if applicable, any other NSAM Managed Companies and their subsidiarieshereunder, and to perform his such duties hereunder faithfully, diligently and to the best of Executive’s abilities and subject to such laws, rules, regulations and policies from time to time applicable to the Company’s employees. Notwithstanding the above, nothing in this Agreement shall preclude Executive from devoting a portion of Executive’s business time, attention and energies to other business endeavors. The Company may assign all or a portion of its rights and obligations under this agreement to any of its affiliates or enter into an agreement with any of its affiliates that provides that Executive will perform services on behalf of such affiliate and Executive agrees to provide such services, as directed by the Company.