Common use of Duties of Position Clause in Contracts

Duties of Position. During the Employment Period, Executive shall serve as a President & Chief Executive Officer of the Company. Executive's duties shall include, without limitation, managing the overall business affairs of the Company and its senior executive team, formulating and implementing the strategic plan and investment program of the Company, and managing and assisting in the Company's capital raising efforts together with such other reasonable assignments as may be assigned to him from time to time by the Board. 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 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 to perform such duties 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 the performance of Executive's duties as co-CEO of NorthStar Capital Investment Corp and 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 a President & Chief Executive Officer of the Company. Executive's ’s duties shall include, without limitation, managing the overall business affairs of the Company and its senior executive team, formulating and implementing the strategic plan and investment program of the Company, and managing and assisting in the Company's ’s capital raising efforts together with such other reasonable assignments as may be assigned to him from time to time by the Board. Executive shall perform such duties and responsibilities, consistent with Executive's ’s title, training and experience, as are from time to time reasonably assigned to Executive by the Board. Executive agrees to devote not less than a majority of Executive's ’s business time, attention and energies to the performance of the duties assigned to Executive hereunder, and to perform such duties faithfully, diligently and to the best of Executive's ’s abilities and subject to such laws, rules, regulations and policies from time to time applicable to the Company's ’s employees. Notwithstanding the above, nothing in this Agreement shall preclude Executive from devoting a portion of Executive's ’s business time, attention and energies to the performance of Executive's ’s duties as conon-CEO Executive Chairman of NorthStar Capital Investment Corp Morgans Hotel Group Co. and 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.