The Executive shall be employed by the Company and shall serve as the President of the Company, and in such other positions as the Board of Directors of the Company (the “ Board ”) may designate from time to time. The Company and its direct and indirect subsidiaries are collectively referred to herein as the “ Company Group .” The Executive shall have such responsibilities, duties and authority associated with the position(s) referenced in the first sentence of this Section 3 and as may from time to time be assigned to the Executive by the Board that are consistent with such responsibilities, duties and authority. The Executive may also serve as a senior executive officer of certain subsidiaries of the Company, with positions, titles and responsibilities that are suitable for the President of the Company, at the reasonable request of the Board without additional compensation. The Executive shall devote substantially all his working time and efforts to the business and affairs of the Company Group; provided, that nothing in this Agreement shall preclude Executive from serving as a director or trustee in any other firm or from pursuing personal real estate investments and other personal investments, as long as such activities do not interfere with Executive’s performance of his duties hereunder.