Document:

<PAGE>

                                                                   Exhibit 10.15

                               AMENDMENT TO THE
                         CRESTLINE CAPITAL CORPORATION
                     CHANGE IN CONTROL SEPARATION PAY PLAN

     THIS AMENDMENT by Crestline Capital Corporation (the "Corporation") is made
as of the 4th day of December, 2000.

                                  WITNESSETH:

     WHEREAS:  The Corporation sponsors the Crestline Capital Corporation Change
     in Control Separation Pay Plan (the "Plan");

     WHEREAS:  Pursuant to Article 7 of the Plan, the Corporation retained the
     right to amend the Plan; and

     WHEREAS:  Resolutions were duly adopted by the Board of Directors of the
     Corporation on December 4, 2000 approving this amendment to the Plan.

     NOW, THEREFORE, the Plan is amended as follows:

     1.   Section 2.6(a) is amended by inserting the words "Section 2.6(b)" in
     place of the words "Section 2.5(b)".

     2.   The text of Section 5.2(c) of the Plan shall be deleted in its
     entirety and the following inserted in lieu thereof:

          (c)  vesting as of the last day of employment in any
               unvested portion of any stock option, restricted stock,
               and deferred stock and all rights under other deferred
               compensation arrangements; and

     3.   The text of Section 2.8 of the Plan shall be deleted in its entirety
     and the following inserted in lieu thereof:

          Credited Year of Service means a year of employment with the
          ------------------------
          Company, counting back from the date of employment
          termination to the same date in the preceding year and
          counting service with the Company Group, Host Marriott
          Corporation, Marriott International, Inc. and any other
          business acquired by the Company Group (to the extent the
          Company Group counts such service for other benefits
          purposes). Bruce Wardinski, President and CEO of the
          Company, shall determine whether a fractional year of
          Credited Years of Service shall be rounded up to the next
          whole year.
<PAGE>

     IN WITNESS WHEREOF, the undersigned officer of the Corporation certifies
that this Amendment has been authorized and directed by resolution of the Board
of Directors of the Corporation as of the date first written above.

                                   CRESTLINE CAPITAL CORPORATION

________________________           By: _____________________________
Secretary                              James L. Francis
                                       Executive Vice President and
                                       Chief Financial Officer

                                      -2-<PAGE>

                                                                   Exhibit 10.16

                             EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT (the "Agreement") is made this 23/rd/ day of
June, 1999, by Crestline Capital Corporation, a corporation formed under the
laws of the State of Maryland with its principal place of business at 6600
Rockledge Drive, Suite 600, Bethesda, MD 20817 ("Crestline") and Bruce D.
Wardinski, residing at 6317 Barsky Court, Fairfax Station, VA 22039 ("Mr.
Wardinski").

     WHEREAS, Crestline desires to employ Mr. Wardinski and Mr. Wardinski
desires to be employed by Crestline; and

     WHEREAS, the parties wish to set forth the terms and conditions of that
employment;

     NOW THEREFORE, in consideration of the mutual covenants and promises
contained herein, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged by the parties hereto, the parties
agree as follows:

1. Term of Employment
   ------------------

     Crestline hereby employs Mr. Wardinski, and Mr. Wardinski hereby accepts
employment with Crestline, upon the terms and conditions set forth in this
Agreement.  Unless terminated earlier pursuant to Section 5, Mr. Wardinski's
employment pursuant to this Agreement shall be for the three (3)-year period
commencing on January 1, 1999 (the "Commencement Date") and ending on December
31, 2001 (the "Initial Term"), and thereafter shall automatically renew for
successive twenty-four (24) month periods (each of which shall be an "Additional
Term"). The Initial Term, together with any Additional Term, shall be referred
to herein as the "Employment Period."

2. Title; Duties
   -------------

     (a)  Mr. Wardinski shall be employed as President and Chief Executive
     Officer of Crestline, and shall serve as Chairman of the Board of Directors
     of Crestline (the "Board of Directors"). Mr. Wardinski shall report to the
     Board of Directors, who shall have the authority to direct, control and
     supervise the activities of Mr. Wardinski. Mr. Wardinski shall perform such
     services consistent with his position as may be assigned to him from time
     to time by the Board of Directors and are consistent with the bylaws of
     Crestline, including, but not limited to, managing the affairs of
     Crestline.

     (b)  Mr. Wardinski's place of employment shall be Bethesda, Maryland, or
     such other location within a 75-mile radius of the address first written
     above as the Board of Directors shall direct; provided, however, that Mr.
     Wardinski's duties may require extensive travel.
<PAGE>

3. Extent of Services
   ------------------

     (a)  General. Mr. Wardinski agrees not to engage in any business activities
          -------
     during the Employment Period except those which are for the sole benefit of
     Crestline, and to devote his entire business time, attention, skill and
     effort to the performance of his duties under this Agreement.
     Notwithstanding the foregoing, Mr. Wardinski may (i) engage in personal
     investments and charitable, professional and civic activities which do not
     impair the performance of his duties to Crestline, and (ii) serve on the
     boards of directors of corporations other than Crestline, provided,
     however, that Mr. Wardinski shall resign promptly from any board of
     directors if directed to do so by Crestline's Board of Directors in its
     sole discretion. In no event shall Mr. Wardinski serve on the board of
     directors of any corporation that engages in any activities in competition
     with those of Crestline. Mr. Wardinski shall perform his duties to the best
     of his ability, shall adhere to Crestline's published policies and
     procedures, and shall use his best efforts to promote Crestline's
     interests, reputation, business and welfare.

     (b)  Corporate Opportunities.  Mr. Wardinski agrees that he will not take
          -----------------------
     personal advantage of any business opportunities which arise during his
     employment with Crestline and which may be of benefit to Crestline.  All
     material facts regarding such opportunities must be promptly reported to
     the Board of Directors for consideration by Crestline.

4. Compensation and Benefits
   -------------------------

     (a)  Salary.  Crestline shall pay Mr. Wardinski a gross base annual salary
          ------
     ("Base Salary") of $530,000.  The salary shall be payable in arrears in
     approximately equal semi-monthly installments (except that the first and
     last such semi-monthly installments may be prorated if necessary) on
     Crestline's regularly scheduled payroll dates, minus such deductions as may
     be required by law or reasonably requested by Mr. Wardinski. Crestline's
     Compensation Policy Committee (the "Compensation Committee") shall review
     his Base Salary annually in conjunction with its regular review of employee
     salaries and make such adjustments, if any, to his Base Salary as the
     Compensation Committee shall deem appropriate.

     (b)  Stock Options. At the meeting of the Compensation Committee to be held
          -------------
     in or about January 2000, the Compensation Committee may approve the grant
     to Mr. Wardinski of an option to purchase 250,000 shares of Crestline
     common stock at an exercise price equal to the greater of $19.82 per share
     or Fair Market Value as that term is defined in Crestline's 1998
     Comprehensive Stock Incentive Plan as the same may be amended from time to
     time (the "Plan"), and such grant shall be set forth in a stock option
     agreement between Crestline and Mr. Wardinski (the "Stock Option
     Agreement"). Mr. Wardinski's right to purchase two-thirds of the shares
     under such stock option shall vest on the first anniversary of the date of
     grant and his right to purchase one-third of the Shares under such stock
     option shall vest on the second anniversary of the date of grant, subject
     to the terms and conditions of the Plan and the Stock Option Agreement, and
     subject to accelerated vesting as set forth in Section 6(c), (d), (e) and
     (f) of this Agreement.

                                      -2-
<PAGE>

     (c)  Other Awards. Crestline and Mr. Wardinski each acknowledge and agree
          ------------
     that on January 21, 1999, he was awarded (i) an option to purchase 500,000
     shares of Crestline common stock at an exercise price of $9.91; (ii) an
     option to purchase 250,000 shares of Crestline common stock at an exercise
     price of $14.86; and (iii) 120,000 shares of restricted Crestline stock.

     (d)  Other Benefits.  Mr. Wardinski shall be entitled to paid time off and
          --------------
     holiday pay in accordance with Crestline's policies in effect from time to
     time and to participate in such life, health, and disability insurance,
     pension, deferred compensation and incentive plans, stock options and
     awards, performance bonuses and other benefits as Crestline extends, as a
     matter of policy, to its executive employees.

     (e)  Reimbursement of Business Expenses.  Crestline shall reimburse Mr.
          ----------------------------------
     Wardinski for all reasonable travel, entertainment and other expenses
     incurred or paid by Mr. Wardinski in connection with, or related to, the
     performance of his duties, responsibilities or services under this
     Agreement, upon presentation by Mr. Wardinski of documentation, expense
     statements, vouchers, and/or such other supporting information as Crestline
     may reasonably request.

5. Termination
   -----------

     (a)  Termination by Crestline for Cause. Crestline may terminate Mr.
          ----------------------------------
     Wardinski's employment under this Agreement at any time for Cause, upon
     written notice by Crestline to Mr. Wardinski. For purposes of this
     Agreement, "Cause" for termination shall mean any of the following: (i) the
     conviction of Mr. Wardinski of, or the entry of a plea of guilty or nolo
     contendere by Mr. Wardinski to, any felony; (ii) fraud, misappropriation or
     embezzlement by Mr. Wardinski; (iii) Mr. Wardinski's willful failure or
     gross negligence in the performance of his assigned duties for Crestline,
     which failure or negligence continues for more than thirty (30) calendar
     days following Mr. Wardinski's receipt of written notice of such willful
     failure or gross negligence; (iv) Mr. Wardinski's breach of his fiduciary
     duty to Crestline; (v) any act or omission of Mr. Wardinski that has a
     demonstrated and material adverse impact on Crestline's reputation for
     honesty and fair dealing; or (vi) the breach by Mr. Wardinski of any
     material term of this Agreement.

     (b)  Termination by Crestline or Mr. Wardinski Without Cause. Either party
          -------------------------------------------------------
     may terminate this Agreement at any time without Cause, upon giving the
     other party sixty (60) days written notice. At Crestline's sole discretion,
     it may substitute sixty (60) days salary in lieu of notice. Any salary paid
     to Mr. Wardinski in lieu of notice shall not be offset against any
     entitlement Mr. Wardinski may have to the Severance Payment pursuant to
     Section 6(c).

     (c)  Termination by Mr. Wardinski for Good Reason. Mr. Wardinski may
          --------------------------------------------
     terminate his employment under this Agreement at any time for Good Reason,
     upon written notice by Mr. Wardinski to Crestline. For purposes of this
     Agreement, "Good Reason" for termination shall mean (i) the assignment to
     Mr. Wardinski of substantial duties or responsibilities inconsistent with
     Mr. Wardinski's position at Crestline, or any other

                                      -3-
<PAGE>

     action by Crestline which results in a substantial diminution of Mr.
     Wardinski's duties or responsibilities; (ii) a requirement by Crestline
     that Mr. Wardinski work principally from a location outside the 75-mile
     radius specified in Section 2(b); (iii) Crestline's failure to pay Mr.
     Wardinski any Base Salary or other compensation to which he is entitled,
     other than an inadvertent failure which is remedied by Crestline within
     thirty (30) days after receipt of written notice thereof from Mr. Wardinski
     (or five (5) days in the case of failure to pay Base Salary); or (iv) a
     substantial reduction in Mr. Wardinski's aggregate Base Salary and other
     compensation taken as a whole, excluding any reductions caused by the
     failure to achieve performance targets.

     (d)  Mr. Wardinski's Death or Disability.  Mr. Wardinski's employment shall
          -----------------------------------
     terminate immediately upon his death or, upon written notice as set forth
     below, his disability.  As used in this Agreement, "Disability" shall mean
     such physical or mental impairment as would render Mr. Wardinski eligible
     to receive benefits under the long-term disability insurance plan then made
     available by Crestline to its employees.  If the Employment Period is
     terminated by reason of Mr. Wardinski's Disability, either party shall give
     thirty (30) days advance written notice to that effect to the other.

6. Effect of Termination
   ---------------------

     (a)  General. Regardless of the reason for any termination of this
          -------
     Agreement, Mr. Wardinski shall be entitled to (i) payment of any unpaid
     portion of his Base Salary through the effective date of termination; (ii)
     reimbursement for any outstanding reasonable business expense he has
     incurred in performing his duties hereunder; (iii) continued insurance
     benefits to the extent required by law; and (iv) payment of any vested but
     unpaid rights as required independent of this Agreement by the terms of any
     bonus or other incentive pay or stock plan, or any other employee benefit
     plan or program of Crestline.

     (b)  Termination by Crestline for Cause or by Mr. Wardinski Without Good
          -------------------------------------------------------------------
     Reason.  If Crestline terminates Mr. Wardinski's employment for Cause or
     ------
     Mr. Wardinski terminates his employment without Good Reason, Mr. Wardinski
     shall have no rights or claims against Crestline except to receive the
     payments and benefits described in Section 6(a).

     (c)  Termination by Crestline Without Cause or by Mr. Wardinski for Good
          -------------------------------------------------------------------
     Reason.  If Crestline terminates Mr. Wardinski's employment without Cause
     ------
     pursuant to Section 5(b), or Mr. Wardinski terminates his employment for
     Good Reason pursuant to Section 5(c), Mr. Wardinski shall be entitled to
     receive, in addition to the items referenced in Section 6(a), the
     following:

          (i)  an amount equal to his Base Salary at the rate in effect on his
          last day of employment for a period of twenty-four (24) months (the
          "Severance Payment"). The Severance Payment shall be paid in
          approximately equal installments on Crestline's regularly scheduled
          payroll dates, subject to all legally required payroll deductions and
          withholdings for sums owed by Mr. Wardinski to Crestline;

                                      -4-
<PAGE>

          (ii)  continued payment by Crestline for Mr. Wardinski's life, health
          and disability insurance coverage during the twenty-four (24) month
          severance period referenced in Section 6(c)(i) to the same extent that
          Crestline paid for such coverage immediately prior to the termination
          of Mr. Wardinski's employment and subject to the eligibility
          requirements and other terms and conditions of such insurance
          coverage, provided that if any such insurance coverage shall become
          unavailable during the twenty-four (24) month severance period,
          Crestline thereafter shall be obliged only to pay to Mr. Wardinski an
          amount equal to the employer premiums for such insurance for the
          remainder of such severance period;

          (iii) vesting as of the last day of his employment in any unvested
          portion of any stock option and any restricted stock previously issued
          to Mr. Wardinski; and

          (iv)  a pro-rata share of any bonus to which Mr. Wardinski otherwise
          would have been entitled for the fiscal year in which his employment
          terminates without Cause or for Good Reason. Such pro-rated bonus
          shall be paid to Mr. Wardinski within sixty (60) days following the
          end of the fiscal year in which such termination occurs.

     (d)  Termination Following Change in Control.
          ---------------------------------------

          (i) If, by giving sixty (60) days written notice commencing within
          twenty-four (24) months following a Change in Control, Crestline (or
          its successor) terminates Mr. Wardinski's employment without Cause or
          Mr. Wardinski terminates his employment for any reason, he shall be
          entitled to the Severance Payment, continued insurance benefits,
          accelerated vesting and pro-rated bonus set forth in Section 6(c). For
          purposes of this Agreement, a "Change in Control" shall mean any of
          the following events:

               (A)  The ownership or acquisition (whether by a merger
               contemplated by Section 6(d)(i)(B) below, or otherwise)
               by any Person (other than a Qualified Affiliate), in a
               single transaction or a series of related or unrelated
               transactions, of Beneficial Ownership of thirty-five
               percent (35%) or more of (1) Crestline's outstanding
               common stock (the "Common Stock") or (2) the combined
               voting power of Crestline's outstanding securities
               entitled to vote generally in the election of directors
               (the "Outstanding Voting Securities");

               (B)  The merger or consolidation of Crestline with or
               into any other Person other than a Qualified Affiliate,
               if, immediately following the effectiveness of such
               merger or consolidation, Persons who did not
               Beneficially Own Outstanding Voting Securities
               immediately before the effectiveness of such merger or
               consolidation directly or indirectly Beneficially Own
               more than thirty-five percent (35%) of the outstanding
               shares of voting stock

                                      -5-
<PAGE>

               of the surviving entity of such merger or consolidation
               (including for such purpose in both the numerator and
               denominator, shares of voting stock issuable upon the
               exercise of then outstanding rights (including
               conversion rights), options or warrants) ("Resulting
               Voting Securities"), provided that, for purposes of
               this Section 6(d)(i)(B), if a person who Beneficially
               Owned Voting Securities immediately before the merger
               or consolidation Beneficially Owns a greater number of
               the Resulting Voting Securities immediately after the
               merger or consolidation than the number the Person
               received solely as a result of the merger or
               consolidation, that greater number will be treated as
               held by a Person who did not Beneficially Own Voting
               Securities before the merger or consolidation, and
               provided further that such merger or consolidation
               would also constitute a Change in Control if it would
               satisfy the foregoing test if rights, options and
               warrants were not included in the calculation;

               (C)  Any one or a series of related sales or
               conveyances to any Person other than any one or more
               Qualified Affiliates of all or substantially all of the
               assets of Crestline, but excluding sales or conveyances
               in connection with either the normal expiration or
               other termination of Crestline's hotel leases with Host
               Marriott Corporation or the affiliates of Host Marriott
               Corporation, or the termination of such hotel leases
               following a Tax Law Change, as defined herein;

               (D)  Incumbent directors cease to be a majority of the
               members of the Board, where an "Incumbent Director" is
               (1) an individual who is a member of the Board on the
               effective date of this Agreement or (2) any new
               director whose appointment or election by the Board or
               whose nomination for election by the stockholders was
               approved by a majority of the persons who were already
               Incumbent Directors, other than any individual who
               assumes office initially as a result of an actual or
               threatened election contest with respect to the
               election or removal of directors or other actual or
               threatened solicitation of proxies or consents by or on
               behalf of a Person other than the Board;

               (E)  Any other event that the Board determines, in its
               discretion and with reference to "Change in Control,"
               would materially alter the structure or business of the
               Company or its ownership; or

               (F)  A Change in Control shall also be deemed to have
               occurred immediately before the completion of a tender
               offer for Crestline's securities representing more than
               thirty five percent (35%) of the Outstanding
               Securities, other than a tender offer by a Qualified
               Affiliate.

                                      -6-
<PAGE>

               (G)  For purposes of this Agreement, the following
               definitions shall apply:

                    (1)  "Beneficial Ownership," "Beneficially Owned"
               and "Beneficially Owns" shall have the meanings
               provided in Exchange Act Rule 13d-3;

                    (2)  "Exchange Act" shall mean the Securities
               Exchange Act of 1934, as amended;

                    (3)  "Person" shall mean any individual, entity,
               or group (within the meaning of Section 13(d)(3) or
               14(d)(2) of the Exchange Act), including any natural
               person, corporation, trust, association, company,
               partnership, joint venture, limited liability company,
               legal entity of any kind, government, or political
               subdivision, agency or instrumentality of a government,
               as well as two or more Persons acting as a partnership,
               limited partnership, syndicate or other group for the
               purpose of acquiring, holding or disposing of Crestline
               securities; and

                    (4)  "Qualified Affiliate" shall mean (i) any
               directly or indirectly wholly owned subsidiary of
               Crestline, (ii) any employee benefit plan (or related
               trust) sponsored or maintained by Crestline or by any
               entity controlled by Crestline; or (iii) any Person
               consisting of one or more individuals who are then
               Crestline's Chief Executive Officer or any other named
               executive officer (as defined in Item 402 of Regulation
               S-K under the Securities Act of 1933) of Crestline as
               indicated in its most recent securities filing made
               before the date of the transaction.

          (ii) (A) In the event that any Severance Payment, insurance benefits,
          accelerated vesting, pro-rated bonus or other benefit payable to Mr.
          Wardinski shall (1) constitute "parachute payments" within the meaning
          of Section 280G (as it may be amended or replaced) of the Internal
          Revenue Code (the "Code") ("Parachute Payments") and (2) be subject to
          the excise tax imposed by Section 4999 (as it may be amended or
          replaced) of the Code ("the Excise Tax"), then Crestline shall pay to
          Mr. Wardinski an additional amount (the "Gross-Up Amount") such that
          the net benefits retained by Mr. Wardinski after the deduction of the
          Excise Tax (including interest and penalties) and any federal, state
          or local income taxes (including interest and penalties) upon the
          Gross-Up Amount shall be equal to the benefits that would have been
          delivered hereunder had the Excise Tax not been applicable and the
          Gross-Up Amount not paid.

               (B)  For purposes of determining the Gross-Up Amount: (1)
          Parachute Payments provided under arrangements with Mr. Wardinski
          other than the Plan and this Agreement, if any, shall be taken into
          account in determining the total amount of Parachute Payments received
          by Mr. Wardinski so that the amount of excess Parachute Payments that
          are attributable to provisions of the Plan and Agreement is maximized;
          and (2) Mr. Wardinski shall be deemed to pay federal,

                                      -7-
<PAGE>

          state and local income taxes at the highest marginal rate of taxation
          for Mr. Wardinski's taxable year in which the Parachute Payments are
          includable in Mr. Wardinski's income for purposes of federal, state
          and local income taxation.

               (C)  The determination of whether the Excise Tax is payable, the
          amount thereof, and the amount of any Gross-Up Amount shall be made in
          writing in good faith by a nationally recognized independent certified
          public accounting firm approved by Crestline and Mr. Wardinski, such
          approval not to be unreasonably withheld (the "Accounting Firm").  If
          such determination is not finally accepted by the Internal Revenue
          Service (or state or local revenue authorities) on audit, then
          appropriate adjustments shall be computed based upon the amount of
          Excise Tax and any interest or penalties so determined; provided,
          however, that Mr. Wardinski in no event shall owe Crestline any
          interest on any portion of the Gross-Up Amount that is returned to
          Crestline.  For purposes of making the calculations required by this
          Section 6(d)(ii), to the extent not otherwise specified herein,
          reasonable assumptions and approximations may be made with respect to
          applicable taxes and reasonable, good faith interpretations of the
          Code may be relied upon.  Crestline and Mr. Wardinski shall furnish
          such information and documents as may be reasonably requested in
          connection with the performance of the calculations under this Section
          6(d)(ii).  Crestline shall bear all costs incurred in connection with
          the performance of the calculations contemplated by this Section
          6(d)(ii).  Crestline shall pay the Gross-Up Amount to Mr. Wardinski no
          later than sixty (60) days following receipt of the Accounting Firm's
          determination of the Gross-Up Amount.

     (e)  Termination Following Tax Law Change.  If, by giving sixty (60) days
          ------------------------------------
     written notice commencing within twenty four (24) months following a Tax
     Law Change, Crestline terminates Mr. Wardinski's employment without Cause
     or Mr. Wardinski terminates his employment for any reason, he shall be
     entitled to the Severance Payment, accelerated vesting and pro-rated bonus
     set forth in Section 6(c). For purposes of this Agreement, a "Tax Law
     Change" shall mean any change in the Code (including, without limitation, a
     change in the United States Treasury regulations promulgated thereunder),
     or in the judicial or administrative interpretations of the Code, which
     would permit Host Marriott Corporation or another entity or entities in
     which Host Marriott Corporation owns a substantial economic interest to
     operate all or substantially all the hotels owned by Host Marriott
     Corporation or such affiliated entity or entities without adversely
     affecting Host Marriott Corporation's qualification for taxation as a real
     estate investment trust under applicable Code provisions.

     (f)  Additional Payment in Event of Termination Following Change in Control
          ----------------------------------------------------------------------
     or Tax Law Change. In the event that Mr. Wardinski's employment terminates
     -----------------
     following a Change in Control or Tax Law Change, within the time periods
     and upon the notices set forth in Sections 6(d) and (e), and the last day
     of Mr. Wardinski's employment precedes the Compensation Committee meeting
     referenced in Section 4(b), Crestline may pay to Mr. Wardinski an amount
     calculated according to the following formula: 250,000 multiplied by the
     amount, if any, by which the average of the highest and lowest quoted
     selling prices for a share of Crestline's common stock on the date of
     termination of

                                      -8-
<PAGE>

     employment, or (if there were no sales on such date) the average so
     computed on the nearest day before and the nearest day after the relevant
     date, as reported in the Wall Street Journal, exceeds $19.82 per share. The
     amounts of 250,000 and $19.82 per share shall be adjusted to account
     equitably for any stock dividends, stock splits or other changes in
     corporate capitalization (including those events constituting a Change in
     Control) occurring between the effective date of this Agreement and Mr.
     Wardinski's termination of employment. Such amount shall be in addition to
     any other payments and benefits to which Mr. Wardinski shall be entitled
     pursuant to this Agreement, including without limitation any Gross-Up
     Amount, if applicable, and shall be paid to Mr. Wardinski within thirty
     (30) days following his last day of employment.

     (g)  Termination In the Event of Death or Disability.
          -----------------------------------------------

          (i)  If Mr. Wardinski's employment terminates in the event of his
          death, any unvested portion of any stock option and any restricted
          stock previously issued to Mr. Wardinski shall become fully vested as
          of the date of his death. In addition, Mr. Wardinski's estate shall be
          entitled to receive a pro-rata share of any performance bonus to which
          he otherwise would have been entitled for the fiscal year in which his
          death occurs.

          (ii) In the event Mr. Wardinski's employment terminates due to his
          Disability, he shall be entitled to receive his Base Salary until such
          date as he shall commence receiving disability benefits pursuant to
          any long-term disability insurance provided to him by Crestline. In
          addition, as of the effective date of the termination notice specified
          in Section 5(d), Mr. Wardinski shall vest in any unvested portion of
          any stock option and any restricted shares previously granted to him
          by Crestline. Mr. Wardinski also shall be entitled to receive a pro-
          rata share of any performance bonus to which he otherwise would have
          been entitled for the fiscal year in which his employment terminates
          due to his Disability.

7. Confidentiality
   ---------------

          (a)  Definition of Proprietary Information. Mr. Wardinski acknowledges
               -------------------------------------
          that he may be furnished or may otherwise receive or have access to
          confidential information which relates to Crestline's past, present or
          future business activities, strategies, services or products, research
          and development; financial analysis and data; improvements,
          inventions, processes, techniques, designs or other technical data;
          profit margins and other financial information; fee arrangements;
          terms and contents of leases, asset management agreements and other
          contracts; tenant and vendor lists or other compilations for marketing
          or development; confidential personnel and payroll information; or
          other information regarding administrative, management, financial,
          marketing, leasing or sales activities of Crestline, or of a third
          party which provided proprietary information to Crestline on a
          confidential basis. All such information, including any materials or
          documents containing such information, shall be considered by
          Crestline and Mr. Wardinski as proprietary and confidential (the
          "Proprietary Information").

                                      -9-
<PAGE>

     (b)  Exclusions.  Notwithstanding the foregoing, Proprietary Information
          ----------
     shall not include (i) information disseminated by Crestline to third
     parties in the ordinary course of business; or (ii) information in the
     public domain not as a result of a breach of any duty by Mr. Wardinski or
     any other person.

     (c)  Obligations. Both during and after the Employment Period, Mr.
          -----------
     Wardinski agrees to preserve and protect the confidentiality of the
     Proprietary Information and all physical forms thereof, whether disclosed
     to him before this Agreement is signed or afterward. In addition, Mr.
     Wardinski shall not (i) disclose or disseminate the Proprietary Information
     to any third party, including employees of Crestline without a legitimate
     business need to know; (ii) remove the Proprietary Information from
     Crestline's premises without a valid business purpose; or (iii) use the
     Proprietary Information for his own benefit or for the benefit of any third
     party.

     (d)  Return of Proprietary Information. Mr. Wardinski acknowledges and
          ---------------------------------
     agrees that all the Proprietary Information used or generated during the
     course of working for Crestline is the property of Crestline. Mr. Wardinski
     agrees to deliver to Crestline all documents and other tangibles (including
     diskettes and other storage media) containing the Proprietary Information
     at any time upon request by the Board of Directors during his employment
     and immediately upon termination of his employment.

8. Noncompetition
   --------------

     (a)  Restriction on Competition.  For twelve (12) months following the
          --------------------------
     expiration or termination of Mr. Wardinski's employment by Crestline for
     any reason (the "Restricted Period"), Mr. Wardinski agrees not to engage,
     directly or indirectly, as an owner, employee, consultant, partner,
     principal, agent, representative, stockholder, or in any other individual,
     corporate or representative capacity, in any of the following:  (i) acting
     as a lessee for public or private real estate investment trusts; (ii) asset
     management for hotel, independent living, assisted living or health-care
     communities, or (iii) any other business that Crestline conducts as of the
     date of Mr. Wardinski's termination of employment; provided, however, Mr.
     Wardinski shall not be deemed to have violated this Section 8(a) solely by
     reason of his ownership of five percent (5%) or less of the outstanding
     stock of any publicly traded corporation or other entity.

     (b)  Non-Solicitation of Clients. During the Restricted Period, Mr.
          ---------------------------
     Wardinski agrees not to solicit, directly or indirectly, on his own behalf
     or on behalf of any other person(s), any client of Crestline to whom
     Crestline had provided services at any time during Mr. Wardinski's
     employment with Crestline in any line of business that Crestline conducts
     as of the date of Mr. Wardinski's termination of employment or that
     Crestline is actively soliciting, for the purpose of marketing or providing
     any service competitive with any service then offered by Crestline.

     (c)  Non-Solicitation of Employees. During the Restricted Period, Mr.
          -----------------------------
     Wardinski agrees that he will not, directly or indirectly, hire or attempt
     to hire or cause any business, other than an affiliate of Crestline, to
     hire any person who is then or was at any time during the preceding six (6)
     months an employee of Crestline and who is at the time of

                                      -10-
<PAGE>

     such hire or attempted hire, or was at the date of such employee's
     separation from Crestline, either (i) in Grade Level 56 or above, or (ii) a
     Crestline director, vice president, senior vice president or executive vice
     president.

     (d)  Acknowledgement.  Mr. Wardinski acknowledges that he will acquire much
          ---------------
     Proprietary Information concerning the past, present and future business of
     Crestline as the result of his employment, as well as access to the
     relationships between Crestline and its clients and employees. Mr.
     Wardinski further acknowledges that the business of Crestline is very
     competitive and that competition by him in that business during his
     employment, or after his employment terminates, would severely injure
     Crestline. Mr. Wardinski understands and agrees that the restrictions
     contained in this Section 8 are reasonable and are required for Crestline's
     legitimate protection, and do not unduly limit his ability to earn a
     livelihood.

     (e)  Exception.  Notwithstanding any other provision of this Agreement, Mr.
          ---------
     Wardinski shall not be subject to the provisions of Section 8(a)-(d) of
     this Agreement if his employment is terminated by Crestline (or its
     successor) or Mr. Wardinski following a Change in Control in accordance
     with Section 6(d) or following a Tax Law Change in accordance with Section
     6(e) of this Agreement.

9.  Employee Representation
    -----------------------

     Mr. Wardinski represents and warrants to Crestline that he is not now under
any obligation of a contractual or other nature to any person, business or other
entity which is inconsistent or in conflict with this Agreement or which would
prevent him from performing his obligations under this Agreement.

10.  Arbitration
     -----------

     (a)  Any disputes between Crestline and Mr. Wardinski in any way concerning
     Mr. Wardinski's employment, the termination of his employment, this
     Agreement or its enforcement shall be submitted at the initiative of either
     party to mandatory arbitration in Maryland before a single arbitrator
     pursuant to the Commercial Arbitration Rules of the American Arbitration
     Association, or its successor, then in effect. The decision of the
     arbitrator shall be rendered in writing, shall be final, and may be entered
     as a judgment in any court in the State of Maryland. The parties
     irrevocably consent to the jurisdiction of the federal and state courts
     located in Maryland for this purpose. Each party shall be responsible for
     its or his own costs incurred in such arbitration and in enforcing any
     arbitration award, including attorneys' fees and expenses.

     (b)  Notwithstanding the foregoing, Crestline, in its sole discretion, may
     bring an action in any court of competent jurisdiction to seek injunctive
     relief and such other relief as Crestline shall elect to enforce Mr.
     Wardinski's covenants in Sections 7 and 8 of this Agreement.

11. Miscellaneous
    -------------

     (a)  Notices.  All notices required or permitted under this Agreement
          -------
     shall be in

                                      -11-
<PAGE>

     writing and shall be deemed effective (i) upon personal delivery, (ii) upon
     deposit with the United States Postal Service, by registered or certified
     mail, postage prepaid, or (iii) in the case of facsimile transmission or
     delivery by nationally recognized overnight deliver service, when received,
     addressed as follows:

          (i)  If to Crestline, to:

                    Crestline Capital Corporation
                    6600 Rockledge Drive
                    Suite 600
                    Bethesda, MD 20817
                    Attention: Tracy M.J. Colden
                    Fax No. 240/694-2040

          (ii) If to Mr. Wardinski, to:

                    Mr. Bruce D. Wardinski
                    6317 Barsky Court
                    Fairfax Station, VA 22039

     or to such other address or addresses as either party shall designate to
     the other in writing from time to time by like notice.

     (b)  Pronouns.  Whenever the context may require, any pronouns used in this
          --------
     Agreement shall include the corresponding masculine, feminine or neuter
     forms, and the singular forms of nouns and pronouns shall include the
     plural, and vice versa.

     (c)  Entire Agreement. This Agreement constitutes the entire agreement
          ----------------
     between the parties and supersedes all prior agreements and understandings,
     whether written or oral, relating to the subject matter of this Agreement.

     (d)  Amendment. This Agreement may be amended or modified only by a written
          ---------
     instrument executed by both Crestline and Mr. Wardinski.

     (e)  Governing Law.  This Agreement shall be construed, interpreted and
          -------------
     enforced in accordance with the laws of the State of Maryland, without
     regard to its conflicts of laws principles.

     (f)  Successors and Assigns. This Agreement shall be binding upon and inure
          ----------------------
     to the benefit of both parties and their respective successors and assigns,
     including any entity with which or into which Crestline may be merged or
     which may succeed to its assets or business or any entity to which
     Crestline may assign its rights and obligations under this Agreement;
     provided, however, that the obligations of Mr. Wardinski are personal and
     shall not be assigned or delegated by him.

     (g)  Waiver. No delays or omission by Crestline or Mr. Wardinski in
          ------
     exercising any right under this Agreement shall operate as a waiver of that
     or any other right. A waiver or consent given by Crestline or Mr. Wardinski
     on any one occasion shall be effective

                                      -12-
<PAGE>

     only in that instance and shall not be construed as a bar or waiver of any
     right on any other occasion.

     (h)  Captions. The captions appearing in this Agreement are for convenience
          --------
     of reference only and in no way define, limit or affect the scope or
     substance of any section of this Agreement.

     (i)  Severability. In case any provision of this Agreement shall be held by
          ------------
     a court or arbitrator with jurisdiction over the parties to this Agreement
     to be invalid, illegal or otherwise unenforceable, such provision shall be
     restated to reflect as nearly as possible the original intentions of the
     parties in accordance with applicable law, and the validity, legality and
     enforceability of the remaining provisions shall in no way be affected or
     impaired thereby.

     (j)  Counterparts. This Agreement may be executed in two or more
          ------------
     counterparts, each of which shall be deemed an original but all of which
     together shall constitute one and the same instrument.

     IN WITNESS WHEREOF, the parties have executed this Agreement as of the day
and year first above written.

BRUCE D. WARDINSKI                         CRESTLINE CAPITAL CORPORATION

________________________________           By: ________________________________
                                               Tracy M. J. Colden
                                               Senior Vice President

                                      -13-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00022-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00022-of-00352.parquet"}]]