Common use of Positions and Duties Clause in Contracts

Positions and Duties. (a) While employed hereunder, the Executive shall serve as a Senior Vice President and Managing Director of the Company. As such, the Executive shall have the responsibilities and authorities designated to him by the Chief Operating Officer (“COO”) or the Chief Executive Officer (“CEO”) of the Company. (b) While employed hereunder, the Executive shall (i) report directly to the COO of the Company or such other person designated by the CEO or the Board of Directors and (ii) observe and comply with all lawful policies, directions and instructions of the COO or other person so designated that are consistent with the foregoing provisions of this paragraph 2.3. (c) While employed hereunder, the Executive shall (i) devote substantially all of the Executive’s business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s duties hereunder and (ii) not accept employment with any Person other than with the Company. Notwithstanding the foregoing, the Executive may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational or charitable boards or committees and (ii) manage the Executive’s personal investments. (d) While employed hereunder, the Executive shall not knowingly prejudice, in any material respect, the reputation of the Company in the fields of business in which it is engaged or with the investment community or the public at large.

Positions and Duties. (a) While employed hereunder, the Executive shall serve as a Senior Vice President and Managing Director of the Company. As such, the Executive shall have the responsibilities and authorities designated to him by the Chief Operating Officer (“"COO”") or the Chief Executive Officer (“"CEO”") of the Company. (b) While employed hereunder, the Executive shall (i) report directly to the COO of the Company or such other person designated by the CEO or the Board of Directors and (ii) observe and comply with all lawful policies, directions and instructions of the COO or other person so designated that are consistent with the foregoing provisions of this paragraph 2.3. (c) While employed hereunder, the Executive shall (i) devote substantially all of the Executive’s 's business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s 's duties hereunder and (ii) not accept employment with any Person other than with the Company. Notwithstanding the foregoing, the Executive may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s 's duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational or charitable boards or committees and (ii) manage the Executive’s 's personal investments. (d) While employed hereunder, the Executive shall not knowingly prejudice, in any material respect, the reputation of the Company in the fields of business in which it is engaged or with the investment community or the public at large.

Positions and Duties. (a) While employed hereunder, the Executive shall serve as a Senior Vice President and Senior Managing Director of the Company. As such, the Executive shall have the responsibilities and authorities designated to him by the Chief Operating Officer (“COO”) or the Chief Executive Officer (“CEO”) of the Company. (b) While employed hereunder, the Executive shall (i) report directly to the COO of the Company or such other person designated by the CEO or the Board of Directors and (ii) observe and comply with all lawful policies, directions and instructions of the COO or other person so designated that are consistent with the foregoing provisions of this paragraph 2.3. (c) While employed hereunder, the Executive shall (i) devote substantially all of the Executive’s business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s duties hereunder and (ii) not accept employment with any Person other than with the Company. Notwithstanding the foregoing, the Executive may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational or charitable boards or committees and (ii) manage the Executive’s personal investments. (d) While employed hereunder, the Executive shall not knowingly prejudice, in any material respect, the reputation of the Company in the fields of business in which it is engaged or with the investment community or the public at large.

Positions and Duties. (a) While employed hereunder, the Executive shall serve as a Senior Vice the Chairman, President and Managing Director Chief Executive Officer of the Company. As such, the Executive shall have the responsibilities and authorities designated to him by the Chief Operating Officer (“COO”) or the Chief Executive Officer (“CEO”) By-laws of the CompanyCompany and the Board of Directors. (b) While employed hereunder, the Executive shall (i) report directly to the COO of the Company or such other person designated by the CEO or the Board of Directors and (ii) observe and comply with all lawful policies, directions and instructions of the COO or other person so designated Board of Directors that are consistent with the foregoing provisions of this paragraph 2.3. (c) While employed hereunder, the Executive shall (i) devote substantially all of the Executive’s business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s duties hereunder and (ii) not accept employment with any Person other than with the Company. Notwithstanding the foregoing, the Executive may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational or charitable boards or committees and (ii) manage the Executive’s personal investments. (d) While employed hereunder, the Executive shall not knowingly prejudice, in any material respect, the reputation of the Company in the fields of business in which it is engaged or with the investment community or the public at large.

Positions and Duties. (a) While employed hereunder, the Executive shall serve as a Senior Vice President and Managing Director the President, North American Private Finance of the Company. As such, the Executive shall have the responsibilities and authorities designated to him by the Chief Operating Officer (“COO”) or the Chief Executive Officer (“CEO”) of the Company. (b) While employed hereunder, the Executive shall (i) report directly to the COO CEO of the Company or such other person designated by the CEO or the Board of Directors and (ii) observe and comply with all lawful policies, directions and instructions of the COO CEO or other person so designated that are consistent with the foregoing provisions of this paragraph 2.3. (c) While employed hereunder, the Executive shall (i) devote substantially all of the Executive’s business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s duties hereunder and (ii) not accept employment with any Person other than with the Company. Notwithstanding the foregoing, the Executive may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational or charitable boards or committees and (ii) manage the Executive’s personal investments. (d) While employed hereunder, the Executive shall not knowingly prejudice, in any material respect, the reputation of the Company in the fields of business in which it is engaged or with the investment community or the public at large.

Positions and Duties. (a) While employed hereunder, the Executive shall serve as a Senior Vice President and Managing Director General Counsel of the Company. As such, the Executive shall have the responsibilities and authorities designated to him by the Chief Operating Officer (“COO”) or the Chief Executive Officer (“CEO”) of the Company. (b) While employed hereunder, the Executive shall (i) report directly to the COO CEO of the Company or such other person designated by the CEO or the Board of Directors and (ii) observe and comply with all lawful policies, directions and instructions of the COO CEO or other person so designated that are consistent with the foregoing provisions of this paragraph 2.3. (c) While employed hereunder, the Executive shall (i) devote substantially all of the Executive’s business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s duties hereunder and (ii) not accept employment with any Person other than with the Company. Notwithstanding the foregoing, the Executive may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational or charitable boards or committees and (ii) manage the Executive’s personal investments. (d) While employed hereunder, the Executive shall not knowingly prejudice, in any material respect, the reputation of the Company in the fields of business in which it is engaged or with the investment community or the public at large.

Positions and Duties. (aA) While employed hereunder, the Executive shall serve as President of the Company's subsidiary, KSI, Inc., reporting directly to the President of the Energy Delivery and Customer Relationship Group of KeySpan; or as a Senior Vice President of KeySpan reporting to a KeySpan Executive Vice President or President, and Managing Director of the Company. As such, the Executive shall have the having such duties and responsibilities and authorities designated to him by reporting relationships that are reasonably commensurate with the position of President of KSI Inc. or Senior Vice President of KeySpan, and as the Chief Operating Officer (“COO”) or the Chief Executive Officer (“CEO”) of the CompanyKeySpan may from time to time specify, commensurate with these positions. (bB) While employed hereunder, the Executive shall (i) report directly to the COO of the Company or such other person designated by the CEO or the Board of Directors and (ii) observe and comply with all lawful policies, directions and instructions of the COO or other person so designated that are consistent with the foregoing provisions of this paragraph 2.3. (c) While employed hereunder, the Executive shall (i) devote substantially all of the Executive’s his business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s his duties hereunder and (ii) not accept employment with any Person other than with the CompanyCompany unless explicitly approved in writing by the Board prior to the acceptance of such employment. Notwithstanding the foregoing, the Executive may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s 's duties and responsibilities hereunder: (i) serve service on corporate, civic, religious, educational educational, public or quasi-public and/or charitable boards or committees and (ii) manage the Executive’s management of his personal investments. (dC) While employed hereunder, the Executive shall conduct himself in such a manner as not knowingly to damage or prejudice, in any material respect, the reputation of the Company in the fields of business in which it is engaged or with the investment community or the public at large. Executive agrees and acknowledges that while employed by KeySpan, he is subject to all rules, regulations and policies of KeySpan applicable to the Company's other senior officers.

Positions and Duties. (a) While employed hereunder, the Executive shall serve as a Senior the Executive Vice President and Managing Director Chief Financial Officer of the Company. As such, the Executive shall have the responsibilities and authorities designated to him by the Chief Operating Officer (“COO”) or the Chief Executive Officer (“"CEO”") of the Company. (b) While employed hereunder, the Executive shall (i) report directly to the COO CEO of the Company or such other person designated by the CEO or the Board of Directors and (ii) observe and comply with all lawful policies, directions and instructions of the COO CEO or other person so designated that are consistent with the foregoing provisions of this paragraph 2.3. (c) While employed hereunder, the Executive shall (i) devote substantially all of the Executive’s 's business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s 's duties hereunder and (ii) not accept employment with any Person other than with the Company. Notwithstanding the foregoing, the Executive may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s 's duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational or charitable boards or committees and (ii) manage the Executive’s 's personal investments. (d) While employed hereunder, the Executive shall not knowingly prejudice, in any material respect, the reputation of the Company in the fields of business in which it is engaged or with the investment community or the public at large.

Positions and Duties. (a) While employed hereunder, the Executive shall serve as a Senior Vice President and Managing Director of Mortgage Investments of the Company. As such, the Executive shall have the responsibilities and authorities designated to him by the President and Chief Operating Investment Officer of the Company (the “COOPresident”) or the Chief Executive Officer (“CEO”) Board of the CompanyManagers. (b) While employed hereunder, the Executive shall (i) report directly to the COO of the Company President or such other person designated by the CEO or the Board of Directors Managers, and (ii) observe and comply with all lawful policies, directions and instructions of the COO President or other person so designated that are consistent with the foregoing provisions of this paragraph Section 2.3. (c) While employed hereunder, the Executive shall (i) devote substantially all of the Executive’s business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s duties hereunder and (ii) not accept employment with any Person other than with the Company. Notwithstanding the foregoing, the Executive may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational or charitable boards or committees and (ii) manage the Executive’s personal investments. (d) While employed hereunder, the Executive shall not knowingly prejudice, in any material respect, the reputation of the Company or the Company Managed Funds in the fields of business in which it is they are engaged or with the investment community or the public at large.

Positions and Duties. (a) While employed hereunder, the Executive shall serve as a Senior the Executive Vice President and Managing Director Chief Operating Officer of the Company. As such, the Executive shall have the responsibilities and authorities designated to him by the Chief Operating Officer (“COO”) or the Chief Executive Officer (“"CEO”") of the Company. (b) While employed hereunder, the Executive shall (i) report directly to the COO CEO of the Company or such other person designated by the CEO or the Board of Directors and (ii) observe and comply with all lawful policies, directions and instructions of the COO CEO or other person so designated that are consistent with the foregoing provisions of this paragraph 2.3. (c) While employed hereunder, the Executive shall (i) devote substantially all of the Executive’s 's business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s 's duties hereunder and (ii) not accept employment with any Person other than with the Company. Notwithstanding the foregoing, the Executive may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s 's duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational or charitable boards or committees and (ii) manage the Executive’s 's personal investments. (d) While employed hereunder, the Executive shall not knowingly prejudice, in any material respect, the reputation of the Company in the fields of business in which it is engaged or with the investment community or the public at large.

Positions and Duties. (a) While employed hereunder, the Executive shall serve as a Senior Vice President and Managing Director the President, European Private Finance of the Company. As such, the Executive shall have the responsibilities and authorities designated to him by the Chief Operating Officer (“COO”) or the Chief Executive Officer (“CEO”) of the Company. (b) While employed hereunder, the Executive shall (i) report directly to the COO CEO of the Company or such other person designated by the CEO or the Board of Directors and (ii) observe and comply with all lawful policies, directions and instructions of the COO CEO or other person so designated that are consistent with the foregoing provisions of this paragraph 2.3. (c) While employed hereunder, the Executive shall (i) devote substantially all of the Executive’s business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s duties hereunder and (ii) not accept employment with any Person other than with the Company. Notwithstanding the foregoing, the Executive may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational or charitable boards or committees and (ii) manage the Executive’s personal investments. (d) While employed hereunder, the Executive shall not knowingly prejudice, in any material respect, the reputation of the Company in the fields of business in which it is engaged or with the investment community or the public at large.

Positions and Duties. (a) While employed hereunder, the Executive shall serve as a Senior Vice President the President, Structured Finance and Managing Director Chief Financial Officer of the Company. As such, the Executive shall have the responsibilities and authorities designated to him by the Chief Operating Officer (“COO”) or the Chief Executive Officer (“CEO”) of the Company. (b) While employed hereunder, the Executive shall (i) report directly to the COO CEO of the Company or such other person designated by the CEO or the Board of Directors and (ii) observe and comply with all lawful policies, directions and instructions of the COO CEO or other person so designated that are consistent with the foregoing provisions of this paragraph 2.3. (c) While employed hereunder, the Executive shall (i) devote substantially all of the Executive’s business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s duties hereunder and (ii) not accept employment with any Person other than with the Company. Notwithstanding the foregoing, the Executive may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational or charitable boards or committees and (ii) manage the Executive’s personal investments. (d) While employed hereunder, the Executive shall not knowingly prejudice, in any material respect, the reputation of the Company in the fields of business in which it is engaged or with the investment community or the public at large.

Positions and Duties. (a) While employed hereunder, the Executive shall serve as a Senior Vice President President, Specialty Finance and Managing Director Operations of the Company. As such, the Executive shall have the responsibilities and authorities designated to him by the Chief Operating Officer (“COO”) or the Chief Executive Officer (“CEO”) of the Company. (b) While employed hereunder, the Executive shall (i) report directly to the COO CEO of the Company or such other person designated by the CEO or the Board of Directors and (ii) observe and comply with all lawful policies, directions and instructions of the COO CEO or other person so designated that are consistent with the foregoing provisions of this paragraph 2.3. (c) While employed hereunder, the Executive shall (i) devote substantially all of the Executive’s business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s duties hereunder and (ii) not accept employment with any Person other than with the Company. Notwithstanding the foregoing, the Executive may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational or charitable boards or committees and (ii) manage the Executive’s personal investments. (d) While employed hereunder, the Executive shall not knowingly prejudice, in any material respect, the reputation of the Company in the fields of business in which it is engaged or with the investment community or the public at large.

Positions and Duties. (a) While employed hereunder, the Executive shall serve as a Senior Vice President and Regional Managing Director of the Company. As such, the Executive shall have the responsibilities and authorities designated to him by the Chief Operating Officer (“COO”) or the Chief Executive Officer (“CEO”) of the Company. (b) While employed hereunder, the Executive shall (i) report directly to the COO of the Company or such other person designated by the CEO or the Board of Directors and (ii) observe and comply with all lawful policies, directions and instructions of the COO or other person so designated that are consistent with the foregoing provisions of this paragraph 2.3. (c) While employed hereunder, the Executive shall (i) devote substantially all of the Executive’s business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s duties hereunder and (ii) not accept employment with any Person other than with the Company. Notwithstanding the foregoing, the Executive may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational or charitable boards or committees and (ii) manage the Executive’s personal investments. (d) While employed hereunder, the Executive shall not knowingly prejudice, in any material respect, the reputation of the Company in the fields of business in which it is engaged or with the investment community or the public at large.

Positions and Duties. (a) While employed hereunder, the Executive shall serve as a Senior Vice President and Managing Director Chief Risk Officer of the Company. As such, the Executive shall have the responsibilities and authorities designated to him by the President and Chief Operating Investment Officer of the Company (the “COOPresident”) or the Chief Executive Officer (“CEO”) Board of the CompanyManagers. (b) While employed hereunder, the Executive shall (i) report directly to the COO of the Company President or such other person designated by the CEO or the Board of Directors Managers, and (ii) observe and comply with all lawful policies, directions and instructions of the COO President or other person so designated that are consistent with the foregoing provisions of this paragraph Section 2.3. (c) While employed hereunder, the Executive shall (i) devote substantially all of the Executive’s business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s duties hereunder and (ii) not accept employment with any Person other than with the Company. Notwithstanding the foregoing, the Executive may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational or charitable boards or committees and (ii) manage the Executive’s personal investments. (d) While employed hereunder, the Executive shall not knowingly prejudice, in any material respect, the reputation of the Company or the Company Managed Funds in the fields of business in which it is they are engaged or with the investment community or the public at large.

Positions and Duties. (a) While employed hereunder, the Executive shall serve as a Senior the Executive Vice President and Managing Director Chief Operating Officer of the Company. As such, the Executive shall have the responsibilities and authorities designated to him by the Chief Operating Officer (“COO”) or the Chief Executive Officer (“CEO”) of the Company. (b) While employed hereunder, the Executive shall (i) report directly to the COO CEO of the Company or such other person designated by the CEO or the Board of Directors and (ii) observe and comply with all lawful policies, directions and instructions of the COO CEO or other person so designated that are consistent with the foregoing provisions of this paragraph 2.3. (c) While employed hereunder, the Executive shall (i) devote substantially all of the Executive’s business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s duties hereunder and (ii) not accept employment with any Person other than with the Company. Notwithstanding the foregoing, the Executive may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational or charitable boards or committees and (ii) manage the Executive’s personal investments. (d) While employed hereunder, the Executive shall not knowingly prejudice, in any material respect, the reputation of the Company in the fields of business in which it is engaged or with the investment community or the public at large.

Positions and Duties. (a) While employed hereunder, the Executive shall serve as a Senior the Executive Vice President and Managing Director Chief Financial Officer of the Company. As such, the Executive shall have the responsibilities and authorities designated to him by the Chief Operating Officer (“COO”) or the Chief Executive Officer (“CEO”) of the Company. (b) While employed hereunder, the Executive shall (i) report directly to the COO CEO of the Company or such other person designated by the CEO or the Board of Directors and (ii) observe and comply with all lawful policies, directions and instructions of the COO CEO or other person so designated that are consistent with the foregoing provisions of this paragraph 2.3. (c) While employed hereunder, the Executive shall (i) devote substantially all of the Executive’s business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s duties hereunder and (ii) not accept employment with any Person other than with the Company. Notwithstanding the foregoing, the Executive may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational or charitable boards or committees and (ii) manage the Executive’s personal investments. (d) While employed hereunder, the Executive shall not knowingly prejudice, in any material respect, the reputation of the Company in the fields of business in which it is engaged or with the investment community or the public at large.

Positions and Duties. (a) While employed hereunder, the Executive Employee shall serve as a Senior Vice President and Managing Director the COO of the Company. As suchCOO of the Company, the Executive Employee shall have the responsibilities and authorities designated to him by the Chief Operating Officer (“COO”) or the Chief Executive Officer (“CEO”) CEO of the Company. (b) While employed hereunder, the Executive Employee shall (i) report directly to the COO Chief Executive Officer ("CEO") of the Company or such other person designated by the CEO or the Board of Directors of the Company and (ii) observe and comply with all lawful policies, directions and instructions of the COO CEO or other person so designated that are consistent with the foregoing provisions of this paragraph 2.3. (c) While employed hereunder, the Executive Employee shall (i) devote substantially all of the Executive’s Employee's business time, attention, skill and efforts to the faithful and efficient performance of the Executive’s Employee's duties hereunder and (ii) not accept employment with any Person other than with the Company. Notwithstanding the foregoing, the Executive Employee may engage in the following activities so long as they do not interfere in any material respect with the performance of the Executive’s Employee's duties and responsibilities hereunder: (i) serve on corporate, civic, religious, educational or charitable boards or committees and (ii) manage the Executive’s Employee's personal investments. (d) While employed hereunder, the Executive Employee shall not knowingly prejudice, in any material respect, the reputation of the Company in the fields of business in which it is engaged or with the investment community or the public at large.