Common use of Position and Duties; Place of Performance Clause in Contracts

Position and Duties; Place of Performance. (a) The Executive will serve as Chief Executive Officer of Holdings, and in such role Executive shall have such duties, responsibilities and authority customarily possessed by an executive in such position (subject to the input, direction and oversight of the board of managers of Holdings (the “Board”)), together with such other duties as may reasonably be assigned from time-to-time by the Board. During the Term, the Executive will also be a member of the Board. (b) The Executive will devote his full time and best efforts to his employment and perform diligently his duties hereunder; provided, the Executive may make personal investments, engage in such outside non-competitive business activities or engage in other activities for any charitable or other non-profit institution, provided that such activities do not materially interfere with the performance of the Executive’s duties hereunder. Executive’s principal place of work shall be located at Holdings’ principal office in Manhattan, New York. (c) Executive shall at all times comply with, and be subject to, such reasonable policies, procedures, rules and regulations as the Employer may establish and maintain in effect from time to time, including the Employer’s Code of Conduct (collectively, the “Policies”).

Position and Duties; Place of Performance. (a) The Executive will serve as Chief Executive Officer Chairman of Holdings, and in such role Executive shall have such duties, responsibilities and authority customarily possessed by an executive in such position (subject to the input, direction and oversight of the board of managers of Holdings (the “Board”)), together with such other duties as may reasonably be assigned from time-to-time by the Board. During the Termentire Term of Employment, the Executive will also be a member of the Board. (b) The Executive will devote his full business time and best efforts to his employment and perform diligently his duties hereunder; provided, the Executive may make (i) serve on the board of other for profit or non-profit entities, (ii) deliver lectures and fulfill speaking engagements and (iii) manage the Executive’s personal investments, engage in such outside non-competitive business activities or engage in other activities for any charitable or other non-profit institution, provided that so long as such activities do not materially significantly interfere with the performance and fulfillment of the Executive’s duties hereunderand responsibilities as an employee of Holdings in accordance with this Agreement and, in the case of the activities described in clause (i) of this proviso, such activities will be conditioned upon consent by the Board. Executive’s principal place of work shall be located at Holdings’ principal office in Manhattan, New York. (c) Executive shall at all times comply with, and be subject to, such reasonable policies, procedures, rules and regulations as the Employer may establish and maintain in effect from time to time, including the Employer’s Code of Conduct (collectively, the “Policies”).