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

Position and Duties; Place of Performance. (a) The Executive will serve as Vice Chairman and Head of Corporate Strategy 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 entire Term of Employment, the Executive will also be a member of the Board (though for the avoidance of doubt, the Nominating and Governance Committee of the Board shall retain the discretion to not nominate Executive for re-election as a director, and any such failure to nominate Executive shall not constitute a breach of this Agreement). (b) The Executive will devote Executive’s full business time and best efforts to Executive’s employment and perform diligently Executive’s duties hereunder; provided, the Executive may (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, so long as such activities do not significantly interfere with the performance and fulfillment of the Executive’s duties and 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. The Executive’s principal place of work shall be located at Holdings’ principal office in Manhattan, New York. (c) The 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 Vice Chairman and Head of Corporate Strategy 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 entire Term of Employment, the Executive will also be a member of the Board and the executive committee (though for the avoidance of doubt, the Nominating and Governance Committee of the Board shall retain the discretion to not nominate Executive for re-election as a director, and any such failure to nominate Executive shall not constitute a breach of this Agreement). (b) The Executive will devote Executive’s full business time and best efforts to Executive’s employment and perform diligently Executive’s duties hereunder; provided, the Executive may (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, so long as such activities do not significantly interfere with the performance and fulfillment of the Executive’s duties and 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. The Executive’s principal place of work shall be located at Holdings’ principal office in Manhattan, New York. (c) The 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 Vice Chairman of the Employer during the Term of Employment. He may serve the Employer under additional titles but in any event the Executives’ title shall include that of Chairman. The Executive will perform all duties customarily attendant to the position of Chairman and Head of Corporate Strategy 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 Company and Bank the Bank Boards of Directors (the “Board”). During the entire Term of Employment, the The Executive will also be a member serve, on an interim basis, as Chief Executive Officer of the Board (though for Employer until such time as the avoidance of doubt, the Nominating and Governance Committee of the Board shall retain the discretion to not nominate Employer hires an acceptable substitute Chief Executive for re-election as a director, and any such failure to nominate Executive shall not constitute a breach of this Agreement)Officer. (b) The Executive will devote Executive’s full business time and best efforts to Executive’s employment and perform diligently Executive’s duties hereunder; providedIf the Employer fails, the Executive may (i) serve on the board of other for profit or non-profit entities, (ii) deliver lectures and fulfill speaking engagements and (iii) manage without the Executive’s personal investmentsconsent, so long as such activities do not significantly interfere to cause the Executive to be elected to take a position with the performance and fulfillment Employer, the result of which is that the Executive’s duties and responsibilities as an employee of Holdings in accordance with this Agreement and, Executive will no longer remain in the case position of Chairman in addition to such other position, then the activities described in clause Executive shall have the right to terminate his services to the Employer by giving written notice within thirty (i30) days of this proviso, such activities will be conditioned upon consent by event; provided the Board. The Executive’s principal place of work shall be located at Holdings’ principal office in Manhattan, New YorkEmployer has not cured such event within such thirty (30) day period. (c) The Executive shall at all times comply with, and be subject to, will use his best efforts to perform diligently such reasonable policies, procedures, rules and regulations duties as are consistent with his capacity as Chairman or such other duties as the Employer Board and/or Board reasonably determines, including on an interim basis, the duties associated with being a Chief Executive Officer. The Executive will devote as much time as necessary per month to the performance of his responsibilities hereunder; and, the Executive may establish 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 interfere with the performance of the Executive’s duties hereunder. (d) While it is contemplated that after an initial transition and maintain organizational period, in effect connection with the Executive’s employment, the Executive will spend no less than two (2) weeks per month at the Employer’s offices in San Francisco, California, it is also understood by the Parties that the Executive may need to spend more of his time at the Employer’s current Michigan headquarters in order to reasonably perform his responsibilities hereunder. The objective of the Parties, in connection with the Executive’s employment, is for the Executive to utilize his professional time and efforts, to advance the goals set forth in the Sterling Operating Model and business plan as approved by the Board and as may be amended by the Board 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 Vice Chairman and Head of Corporate Strategy 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 entire Term of Employment, the Executive will also be a member of the Board and the executive committee (though for the avoidance of doubt, the Nominating and Governance Committee of the Board shall retain the discretion to not nominate Executive for re-election as a director, and any such failure to nominate Executive shall not constitute a breach of this Agreement). (b) The Executive will devote Executive’s full business time and best efforts to Executive’s employment and perform diligently Executive’s duties hereunder; provided, the Executive may (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, so long as such activities do not significantly interfere with the performance and fulfillment of the Executive’s duties and 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. The Executive’s principal place of work shall be located at Holdings’ ' principal office in Manhattan, New York. (c) The 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”).