Document:

EX-10.3

 Exhibit 10.3 

[Vector Letterhead] 

December 21, 2021 
 Howard M. Lorber 

At the Address on File with the Company 
 Dear Howard: 

This letter confirms our mutual understanding regarding your employment with Vector Group Ltd. (the “Company”) following the
consummation of the transactions contemplated by the Distribution Agreement (the “Distribution Agreement”) by and between the Company and Douglas Elliman Inc. (“Spinco”) dated as of December 21, 2021. This
letter becomes effective as of, and is conditioned upon the occurrence of, the Distribution Date (as defined in the Distribution Agreement) and your continued employment with the Company through that date. In the event the Distribution Date does not
occur, or your employment with the Company terminates for any reason prior to the Distribution Date, then this letter will be null and void and of no force or effect. 

Notwithstanding the requirements in your Employment Agreement with the Company dated as of January 27, 2006 (the “Employment
Agreement”) to devote substantially all of your working hours to performing services for the Company, the Company consents to the commencement of your service as Spinco’s President and Chief Executive Officer and on its Board of
Directors effective as of the Distribution Date, and recognizes that your responsibilities to Spinco will preclude you from devoting substantially all of your business time and attention to the Company’s affairs. 

In exchange for such consent, you agree to devote to the Company’s affairs a sufficiently substantial portion of your business time and
attention as may be reasonably necessary to accomplish the objectives of the Company. You also agree that, effective as of the Distribution Date, (i) the Company will pay you a base salary at the rate of $1,800,000 per annum and (ii) the
Company will provide you with a $3,750 per month allowance for lodging and related business expenses and you will be entitled to a club membership and dues at one (1) club. You further acknowledge and agree that the foregoing changes to your
compensation will not give rise to any rights to voluntarily termination your employment in connection with Section 6(e) of your Employment Agreement and collect severance. 

Except as expressly set forth herein, the Employment Agreement shall remain in full force and effect in accordance with its terms. This letter
may not be amended except by a writing executed by the parties hereto. This letter will be governed by and construed in accordance with the laws of the State of New York, without reference to principles of conflicts of law. 

* * * 

 If you agree that this letter correctly memorializes our understanding, please sign and
return this letter, which will become a binding agreement on our receipt. 
  

			
	Sincerely,
	
	Vector Group Ltd.
		
	By:	 	 /s/ James B. Kirkland III

	Name:	 	James B. Kirkland III
	Title:	 	Senior Vice President, Treasurer and Chief Financial Officer

  

	
	Accepted and Agreed:
	
	 /s/ Howard M. Lorber

	Howard M. Lorber
	
	Date: December 21, 2021EX-10.4

 Exhibit 10.4 

[Vector Letterhead] 

December 21, 2021 
 Richard J. Lampen 

At the Address on File with the Company 
 Dear Richard: 

This letter confirms our mutual understanding regarding your employment with Vector Group Ltd. (the “Company”) following the
consummation of the transactions contemplated by the Distribution Agreement (the “Distribution Agreement”) by and between the Company and Douglas Elliman Inc. (“Spinco”) dated as of December 21, 2021. This
letter becomes effective as of, and is conditioned upon the occurrence of, the Distribution Date (as defined in the Distribution Agreement) and your continued employment with the Company through that date. In the event the Distribution Date does not
occur, or your employment with the Company terminates for any reason prior to the Distribution Date, then this letter will be null and void and of no force or effect. 

Notwithstanding the requirements in your Employment Agreement with the Company dated as of January 27, 2006 (the “Employment
Agreement”) to devote substantially all of your working hours to performing services for the Company, the Company consents to the commencement of your service as Spinco’s Executive Vice President and Chief Operating Officer and on its
Board of Directors effective as of the Distribution Date, and recognizes that your responsibilities to Spinco will preclude you from devoting substantially all of your business time and attention to the Company’s affairs. 

In exchange for such consent, you agree to devote to the Company’s affairs a sufficiently substantial portion of your business time and
attention as may be reasonably necessary to accomplish the objectives of the Company. You also agree that effective as of the Distribution Date, the Company will pay you a base salary at the rate of $650,000 per annum. You further acknowledge and
agree that the foregoing change to your compensation will not give rise to any rights to voluntarily termination your employment in connection with Section 6(e) of your Employment Agreement and collect severance. 

Except as expressly set forth herein, the Employment Agreement shall remain in full force and effect in accordance with its terms. This letter
may not be amended except by a writing executed by the parties hereto. This letter will be governed by and construed in accordance with the laws of the State of Florida, without reference to principles of conflicts of law. 

* * * 

 If you agree that this letter correctly memorializes our understanding, please sign and
return this letter, which will become a binding agreement on our receipt. 
  

			
	Sincerely,
	Vector Group Ltd.
		
	By:	 	 /s/ James B. Kirkland III

		 	Name: James B. Kirkland III
		 	Title: Senior Vice President, Treasurer and Chief Financial Officer

  

	
	 Accepted and Agreed:

	
	 /s/ Richard J. Lampen

	 Richard J. Lampen

	
	 Date: December 21, 2021EX-10.5

 Exhibit 10.5 

[Vector Letterhead] 

December 21, 2021 
 J. Bryant Kirkland III

 At the Address on File with the Company 
 Dear Bryant: 

This letter confirms our mutual understanding regarding your employment with Vector Group Ltd. (the “Company”) following the
consummation of the transactions contemplated by the Distribution Agreement (the “Distribution Agreement”) by and between the Company and Douglas Elliman Inc. (“Spinco”) dated as of December 21, 2021. This
letter becomes effective as of, and is conditioned upon the occurrence of, the Distribution Date (as defined in the Distribution Agreement) and your continued employment with the Company through that date. In the event the Distribution Date does not
occur, or your employment with the Company terminates for any reason prior to the Distribution Date, then this letter will be null and void and of no force or effect. 

Notwithstanding the requirements in your Employment Agreement with the Company dated as of January 27, 2006 (the “Employment
Agreement”) to devote substantially all of your working hours to performing services for the Company, the Company consents to the commencement of your service as Spinco’s Senior Vice President, Chief Financial Officer and Treasurer
effective as of the Distribution Date, and recognizes that your responsibilities to Spinco will preclude you from devoting substantially all of your business time and attention to the Company’s affairs. 

In exchange for such consent, you agree to devote to the Company’s affairs a sufficiently substantial portion of your business time and
attention as may be reasonably necessary to accomplish the objectives of the Company. 
 Except as expressly set forth herein, the
Employment Agreement shall remain in full force and effect in accordance with its terms. This letter may not be amended except by a writing executed by the parties hereto. This letter will be governed by and construed in accordance with the laws of
the State of Florida, without reference to principles of conflicts of law. 
 * * * 

 If you agree that this letter correctly memorializes our understanding, please sign and
return this letter, which will become a binding agreement on our receipt. 
  

			
	Sincerely,
	
	Vector Group Ltd.
		
	By:	 	 /s/ Howard M. Lorber

	Name:	 	Howard M. Lorber
	Title:	 	President and Chief Executive Officer

  

	
	Accepted and Agreed:
	
	 /s/ J. Bryant Kirkland III

	J. Bryant Kirkland III
	
	Date: December 21, 2021EX-10.6

 Exhibit 10.6 

[Vector Letterhead] 

December 21, 2021 
 Marc N. Bell 

At the Address on File with the Company 
 Dear Marc: 

This letter confirms our mutual understanding regarding your employment with Vector Group Ltd. (the “Company”) following the
consummation of the transactions contemplated by the Distribution Agreement (the “Distribution Agreement”) by and between the Company and Douglas Elliman Inc. (“Spinco”) dated as of December 21, 2021. This
letter becomes effective as of, and is conditioned upon the occurrence of, the Distribution Date (as defined in the Distribution Agreement) and your continued employment with the Company through that date. In the event the Distribution Date does not
occur, or your employment with the Company terminates for any reason prior to the Distribution Date, then this letter will be null and void and of no force or effect. 

Notwithstanding the requirements in your Employment Agreement with the Company dated as of January 27, 2006 (the “Employment
Agreement”) to devote substantially all of your working hours to performing services for the Company, the Company consents to the commencement of your service as Spinco’s Senior Vice President, Secretary and General Counsel effective
as of the Distribution Date, and recognizes that your responsibilities to Spinco will preclude you from devoting substantially all of your business time and attention to the Company’s affairs. 

In exchange for such consent, you agree to devote to the Company’s affairs a sufficiently substantial portion of your business time and
attention as may be reasonably necessary to accomplish the objectives of the Company. 
 Except as expressly set forth herein, the
Employment Agreement shall remain in full force and effect in accordance with its terms. This letter may not be amended except by a writing executed by the parties hereto. This letter will be governed by and construed in accordance with the laws of
the State of Florida, without reference to principles of conflicts of law. 
 * * * 

 If you agree that this letter correctly memorializes our understanding, please sign and
return this letter, which will become a binding agreement on our receipt. 
  

			
	Sincerely,
	
	Vector Group Ltd.
		
	By:	 	 /s/ James B. Kirkland III

	Name:	 	James B. Kirkland III
	Title:	 	Senior Vice President, Treasurer and Chief Financial Officer

  

	
	Accepted and Agreed:
	
	 /s/ Marc N. Bell

	Marc N. Bell
	
	Date: December 21, 2021

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