During the Employment Period, Executive shall be employed in the business of the Employer and its affiliates. Executive shall serve as Managing Director of the Employer. In his capacity as Managing Director, Executive’s duties and authority shall be those as would normally attach to Executive’s position as Managing Director, including such duties and responsibilities as are customary among persons employed in similar capacities for similar companies, but in all events such duties shall be commensurate with his position as Managing Director. Executive’s duties and authority shall be as further set forth by the Employer.