Document:

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                                                                   Exhibit 10.19

                       AMENDMENT TO EMPLOYMENT AGREEMENT

     This Amendment, dated December 4, 2000, is entered into between Crestline
Hotels & Resorts, Inc. ("CHRI") and David Durbin ("Mr. Durbin") for the purpose
of amending the Employment Agreement between them dated March 14, 2000 (the
"Agreement").

     1.   Section 6 of the Agreement is amended by adding the following language
as new Section 6(d), and renumbering existing Section 6(d) as Section 6(e):

          (d)  Gross-Up Payment in the Event of Termination Following Change in
               ----------------------------------------------------------------
               Control.
               -------

               (i)  In the event that any Early Termination Payment, accelerated
               vesting or other benefit payable to Mr. Durbin shall (A)
               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 (B) be subject to
               the excise tax imposed by Section 4999 (as it may be amended or
               replaced) of the Code ("the Excise Tax"), then CHRI shall pay to
               Mr. Durbin an additional amount (the "Gross-Up Amount") such that
               the net benefits retained by Mr. Durbin 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.

               (ii) For purposes of determining the Gross-Up Amount: (A)
               Parachute Payments provided under arrangements with Mr. Durbin
               other than the Stock Incentive Plan and this Agreement, if any,
               shall be taken into
<PAGE>

               account in determining the total amount of Parachute Payments
               received by Mr. Durbin so that the amount of excess Parachute
               Payments that are attributable to provisions of the Stock
               Incentive Plan and this Agreement is maximized; and (B) Mr.
               Durbin shall be deemed to pay federal, state and local income
               taxes at the highest marginal rate of taxation for Mr. Durbin's
               taxable year in which the Parachute Payments are includable in
               Mr. Durbin's income for purposes of federal, state and local
               income taxation.

               (iii) 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 CHRI and
               Mr. Durbin, 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. Durbin in no
               event shall owe CHRI any interest on any portion of the Gross-Up
               Amount that is returned to CHRI. For purposes of making the
               calculations required by this Section 6(d)(iii), 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. CHRI and Mr. Durbin shall furnish such information and
               documents as may be reasonably requested in connection with the
               performance of the calculations under this Section 6(d)(iii).
               CHRI shall bear all costs incurred in connection with the
               performance of the calculations contemplated by this Section
               6(d)(iii). CHRI shall pay the Gross-Up Amount to Mr. Durbin no
               later than sixty (60) days following receipt of the Accounting
               Firm's determination of the Gross-Up Amount.
<PAGE>

     2.   Section 8 of the Agreement is amended by adding the following language
as new Section 8(e):

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

IN WITNESS WHEREOF, CHRI has caused this Amendment to be signed by its duly
authorized officer and Mr. Durbin has executed this Amendment on the date and
year first written above.

DAVID DURBIN                        CRESTLINE HOTELS & RESORTS, INC.

________________________________    By: _______________________________________
                                        Larry K. Harvey
                                        Vice President, Chief Financial Officer
                                        and Treasurer<PAGE>

                                                                   Exhibit 10.20

                             EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT (the "Agreement") is made this 6/th/ day of
March, 2000, by Crestline Hotels & Resorts, Inc. ("CHRI"), a corporation formed
under the laws of the State of Delaware and a wholly owned subsidiary of
Crestline Capital Corporation ("Crestline") with its principal place of business
at 6600 Rockledge Drive, Suite 600, Bethesda, MD 20817, and Donald R. Trice,
residing at 3595 Tuxedo Court, Atlanta, Georgia 30305 ("Mr. Trice").

     WHEREAS, CHRI is acquiring certain management contracts, hotel leases and
other assets from Stormont Trice Management Corporation, Stormont Trice
Corporation, STC Leasing Associates LLC and Stormont Trice Crestline Company
LLC, corporations or limited liability companies in which Mr. Trice is a
shareholder, or member, as the case may be, and in which he holds various
offices, pursuant to that certain Asset Purchase Agreement by and among CHRI,
Stormont Trice Management Corporation, Stormont Trice Corporation, STC Leasing
Associates LLC, and Stormont Trice Crestline Company LLC (the "Asset Purchase
Agreement");

     WHEREAS, as a material inducement and precondition to CHRI's consummation
of such acquisition and Mr. Trice's agreeing to the Asset Purchase Agreement,
the parties agree to execute this Agreement and to be bound by the terms and
conditions hereof; and

     WHEREAS, CHRI desires to employ Mr. Trice and to have the benefit of his
skills and services, and Mr. Trice desires to be employed by CHRI, on the terms
and conditions set forth herein;

     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:
<PAGE>

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

          CHRI hereby employs Mr. Trice, and Mr. Trice hereby accepts employment
with CHRI in Atlanta, Georgia, upon the terms and conditions set forth in this
Agreement. Unless terminated earlier pursuant to Section 5, Mr. Trice's
employment pursuant to this Agreement shall be for the three (3)-year period
commencing on the date hereof (the "Commencement Date"). The period during which
Mr. Trice is employed pursuant to this Agreement is the "Employment Period."

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

          Mr. Trice shall be employed as President and Chief Executive Officer
of CHRI. Mr. Trice shall report to the President and Chief Executive Officer of
Crestline. Mr. Trice shall perform duties and services consistent with his
position as President and Chief Executive Officer of CHRI as may be assigned to
him from time to time by the President and Chief Executive Officer of Crestline
and are consistent with the bylaws of CHRI, including, but not limited to,
overall management of the affairs of CHRI.

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

(a)  General.  Mr. Trice agrees not to engage in any business activities during
     -------
     the Employment Period except those which are for the sole benefit of CHRI,
     and to devote his entire business time, attention, skill and effort to the
     performance of his duties under this Agreement, provided, however, CHRI
     acknowledges that Mr. Trice currently owns approximately thirty-two percent
     (32%) of Stormont Trice Development Corporation ("STDC") and serves on its
     Board of Directors and also serves on the Board of Georgia Hospitality
     Foundation and CHRI agrees that Mr. Trice may continue to be an owner of
     STDC and serve on STDC's Board and the Board of Georgia Hospitality
     Foundation and may continue to do so provided that such service does not
     impair the performance of his obligations under this Agreement.   In the
     event that the Board of Directors of CHRI gives written notification to Mr.
     Trice that his service on the Board of Directors of STDC or Georgia
     Hospitality Foundation is impairing the performance of his obligations
     under this Agreement, Mr. Trice shall have thirty (30) calendar days to
     cure such impairment or cease the activity causing such impairment.  CHRI
     acknowledges and agrees that Mr. Trice plans to return to STDC as an

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<PAGE>

     officer and/or employee after the Employment Period and that such return as
     an officer or such employment by STDC in and of itself will not violate
     this Agreement.  With the prior approval of the Board of Directors of CHRI,
     Mr. Trice may serve on the boards of directors of other corporations.  Mr.
     Trice shall perform his duties to the best of his ability, shall adhere to
     CHRI's published policies and procedures, and shall use his best efforts to
     promote CHRI's interests, reputation, business and welfare.

(b)  Corporate Opportunities. Mr. Trice agrees that during the Employment Period
     -----------------------
     he will not take personal advantage of any business opportunities which
     arise during his employment with CHRI and which may be of benefit to CHRI
     unless he shall have first received the approval of the President and Chief
     Executive Officer of Crestline after promptly disclosing to the President
     and Chief Executive Officer of Crestline all material facts regarding such
     opportunities.

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

(a)  Salary. CHRI shall pay Mr. Trice a gross base annual salary ("Base Salary")
     ------
     of not less than $300,000 during the Employment Period. 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 CHRI's regularly scheduled payroll dates, minus such
     deductions as may be required by law or reasonably requested by Mr. Trice.

(b)  Incentive Bonus. Mr. Trice will be eligible to participate in CHRI's Annual
     ---------------
     Incentive Plan (the "Annual Incentive Plan"), with the opportunity to earn
     a bonus (the "Bonus") if he meets certain financial and discretionary
     measures set forth in the Annual Incentive Plan, subject to the last
     sentence of this Section 4(b). The Bonus will be expressed as a percentage
     of Base Salary, and will be calculated as follows: twenty-five percent
     (25%) at threshold, fifty percent (50%) at target, and seventy-five percent
     (75%) at maximum. Mr. Trice's Bonus will be based on the same goals set by
     the Compensation Policy Committee of Crestline (the "Compensation
     Committee") for the executive group of Crestline and will be calculated the
     same way as the bonus provided to the executive group of Crestline with
     respect to the nondiscretionary portion of the Bonus. Mr. Trice shall be
     guaranteed a minimum Bonus of

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<PAGE>

     fifty percent (50%) of Base Salary for the first twelve months during which
     Mr. Trice is employed by CHRI.

(c)  Stock. On the Commencement Date, Mr. Trice will be awarded nonqualified
     -----
     stock options (the "Stock Options") to purchase 125,000 shares of
     Crestline's common stock and granted 15,000 shares of restricted Crestline
     stock (the "Restricted Stock"). The exercise price of the Stock Options
     will be determined under the Crestline Capital Corporation 1998
     Comprehensive Stock Incentive Plan (the "Stock Incentive Plan") as of the
     Commencement Date. The Stock Options and Restricted Stock will vest in
     accordance with the following schedule:

                                               Vested     Vested Shares of
          Months of Continuous Employment     Options     Restricted Stock
          -------------------------------     -------     ----------------

                         12                    41,666           5,000
                         24                    41,667           5,000
                         36                    41,667           5,000

         Mr. Trice's vested Stock Options will terminate on the earlier of the
        tenth anniversary of the grant or the fifth anniversary of Mr. Trice's
        termination of employment. Mr. Trice will be eligible for future grants
        or programs under the Stock Incentive Plan at the sole discretion of the
        Compensation Committee or any subcommittee thereof that is responsible
        for administering the Stock Incentive Plan pursuant to such terms as the
        Compensation Committee or such subcommittee shall determine.

(d)  Other Benefits.  Mr. Trice will be eligible to participate in the employee
     --------------
     benefit plans and other fringe benefit plans of CHRI ( provided that such
     plans are not materially different from those of Crestline), including the
     Health Plan, Dental Plan, Flexible Spending Accounts, Employee Stock
     Purchase, Executive Deferred Compensation Plan, Retirement and Savings
     Plan, Group Term Life Plan, Disability Plan, and Paid Time Off in
     accordance with the terms of those plans and to the same extent they are
     available to CHRI's executive group; provided, however, that Mr. Trice
     shall not be eligible to participate in any severance benefit plan of CHRI
     or Crestline. In the event that such employee benefit plans or other fringe
     benefit plans of CHRI are materially different from those of Crestline,
     CHRI shall pay

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<PAGE>

     to Mr. Trice such additional amounts as shall be necessary to bring Mr.
     Trice to the same benefit level as the Crestline executive group.

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

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

(a)  Termination by CHRI for Cause.  CHRI may terminate Mr. Trice's employment
     -----------------------------
     under this Agreement at any time for Cause, upon written notice by CHRI to
     Mr. Trice.  For purposes of this Agreement, "Cause" for termination shall
     mean any of the following:  (i) the conviction of Mr. Trice of, or the
     entry of a plea of guilty or nolo contendere by Mr. Trice to, any felony;
     (ii) fraud, misappropriation or embezzlement by Mr. Trice with regard to
     the assets of CHRI, Crestline, or any of their affiliates (provided that
     this shall not include immaterial expense items which Mr. Trice
     inadvertently requests be reimbursed as business expenses); (iii) Mr.
     Trice's willful failure or gross negligence in the performance of his
     assigned duties for CHRI, which failure or negligence continues for more
     than thirty (30) calendar days following Mr. Trice's receipt of written
     notice of such willful failure or gross negligence; (iv) Mr. Trice's breach
     of his fiduciary duty to CHRI, Crestline, or any of their affiliates; (v)
     the breach by Mr. Trice of Sections 7 or 8 of this Agreement or of any
     provision that certain Non-Competition Agreement among Crestline, CHRI and
     Stormont Trice Management Corporation, Stormont Trice Corporation, STC
     Leasing Associates LLC, and Stormont Trice Kansas Corporation each of even
     date herewith (the "Entity Non-Competition Agreement"); or (vi) the breach
     by Mr. Trice of any other material term of this Agreement that causes, or
     is reasonably likely to cause, substantial financial detriment to CHRI,
     Crestline, or any of their affiliates; provided, however that failure by
     Mr. Trice to perform the duties set forth in Section 2 of this Agreement
     shall not be considered material unless such failure is the type described
     in this Section 5(a) (iii).  Notwithstanding the foregoing, Mr. Trice will
     not be deemed to have been terminated for Cause unless and until

                                      -5-
<PAGE>

     CHRI delivers to him a copy of a resolution duly adopted by CHRI's Board of
     Directors (after reasonable notice to Mr. Trice and an opportunity to be
     heard, together with counsel, before CHRI's Board of Directors), finding
     that Mr. Trice's termination for Cause is justified and specifying the
     particulars thereof in detail.

(b)  Termination by CHRI or Mr. Trice Without Cause.  Either party may terminate
     ----------------------------------------------
     this Agreement at any time without Cause, upon giving the other party
     thirty (30) days written notice.  At CHRI's sole discretion, it may
     substitute thirty (30) days salary in lieu of notice. Any salary paid to
     Mr. Trice in lieu of notice shall not be offset against any entitlement Mr.
     Trice may have to the Early Termination Payment pursuant to Section 6(c).

(c)  Termination by Mr. Trice for Good Reason.  Mr. Trice may terminate his
     ----------------------------------------
     employment under this Agreement at any time for Good Reason, upon written
     notice by Mr. Trice to CHRI given no later than sixty (60) days following
     the event constituting Good Reason.  For purposes of this Agreement, "Good
     Reason" for termination shall mean (i) the assignment to Mr. Trice of
     substantial duties or responsibilities inconsistent with Mr. Trice's
     position at CHRI, or any other action by CHRI which results in a
     substantial diminution of Mr. Trice's duties or responsibilities; (ii)
     CHRI's failure to pay Mr. Trice any Base Salary or other compensation to
     which he is entitled, other than an inadvertent failure which is remedied
     by CHRI within thirty (30) days after receipt of written notice thereof
     from Mr. Trice (or five (5) days for failure to pay Base Salary);  (iii)
     any reduction in Base Salary or a significant reduction in Mr. Trice's
     aggregate other compensation, excluding any reductions caused by the
     failure to achieve performance targets;  (iv) the relocation of Mr. Trice's
     principal place of employment from  Atlanta, Georgia without Mr. Trice's
     prior written consent; (v) the breach by CHRI of any other material term of
     this Agreement that causes or is reasonably likely to cause, substantial
     financial detriment to Mr. Trice or (vi) a Change in Control.  For purposes
     of this Agreement, a "Change in Control" shall mean any of the following
     events:  (A) any Person (as that term is used in Sections 13(d) and
     14(d)(2) of the Securities Exchange Act of 1934 (the "Exchange Act") other
     than Crestline or a Qualified Affiliate is or becomes the beneficial owner
     (within the meaning of Rule 13d-3 promulgated under the Exchange Act),
     directly or indirectly, of more than 50% of the combined voting power of
     CHRI's then-outstanding voting securities; (B) the merger or consolidation
     of CHRI with or

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<PAGE>

     into any other entity, where after such merger or consolidation any Person
     other than Crestline or a Qualified Affiliate owns more than 50% of the
     combined voting power of the continuing or surviving entity's voting
     securities outstanding immediately after such merger or consolidation; or
     (C) the approval by the stockholders of CHRI of a plan of complete
     liquidation of CHRI, other than a liquidation into Crestline or a Qualified
     Affiliate. For purposes of this Agreement, "Qualified Affiliate" shall mean
     any direct or indirect subsidiary of Crestline, any employee benefit plan
     (or related trust) sponsored or maintained by Crestline or by any entity
     controlled by Crestline, or 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.

(d)  Mr. Trice's Death or Disability.  Mr. Trice'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. Trice eligible to receive
     benefits under the long-term disability insurance plan offered by CHRI in
     which Mr. Trice shall have elected to participate. If either party
     terminates Mr. Trice's employment because of Mr. Trice's Disability, the
     terminating party shall give the other party thirty (30) days advance
     written notice to that effect.

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

(a)  General.  Regardless of the reason for any termination of this Agreement,
     -------
     Mr. Trice 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; (iv) payment of any vested but unpaid rights as
     required by the terms of any employee benefit plan or program of CHRI or
     Crestline in which Mr. Trice shall be entitled to participate pursuant to
     Section 4(d) of this Agreement; and (v) retention of any stock options or
     restricted stock in which Mr. Trice shall already have vested prior to the
     effective date of termination, subject to the termination schedule for
     stock options set forth in Section

                                      -7-
<PAGE>

     4(c).

(b)  Termination by CHRI for Cause or by Mr. Trice Without Good Reason;
     ------------------------------------------------------------------
     Expiration of Agreement.  If CHRI terminates Mr. Trice's employment for
     -----------------------
     Cause, Mr. Trice terminates his employment without Good Reason, or Mr.
     Trice's employment ends at the expiration of three years from the
     Commencement Date, Mr. Trice shall have no rights or claims against CHRI,
     Crestline or their affiliates, except to receive the payments and benefits
     described in Section 6(a).

(c)  Termination by CHRI Without Cause or by Mr. Trice for Good Reason.  If CHRI
     -----------------------------------------------------------------
     terminates Mr. Trice's employment without Cause pursuant to Section 5(b),
     or Mr. Trice terminates his employment for Good Reason pursuant to Section
     5(c), Mr. Trice shall be entitled to receive, in addition to the items
     referenced in Section 6(a), (i) early termination pay (the "Early
     Termination Payment") through the third anniversary of the Commencement
     Date at an annualized amount equal to the greater of (A) $400,000, or (B)
     the Base Salary plus a pro-rated Bonus based upon the goals achieved by Mr.
     Trice during the fiscal year in which the termination occurs, subject to
     all legally required payroll deductions and withholdings for sums owed by
     Mr. Trice to CHRI, and (ii) 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. Trice.  CHRI may elect, in its sole discretion, to
     pay the Early Termination Payment to Mr. Trice in a lump sum or over the
     remainder of the Employment Period in approximately equal installments on
     CHRI's regularly scheduled payroll dates.

(d)  Termination In the Event of Death or Disability.  If Mr. Trice's employment
     -----------------------------------------------
     terminates in the event of his Disability or death, Mr. Trice or his estate
     shall be entitled to receive, in addition to the items referenced in
     Section 6(a), a pro-rata share of any Bonus to which he otherwise would
     have been entitled for the fiscal year in which his employment terminates
     and any unvested Stock Options and Restricted Stock awarded pursuant to
     Section 4(c).

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

(a)  Definition of Proprietary Information.  Mr. Trice acknowledges that he may
     -------------------------------------
     have been furnished or otherwise had access to, and may in the future be
     furnished or otherwise have access to, confidential information which
     relates to the following with regard to CHRI,

                                      -8-
<PAGE>

     Crestline, or their affiliates: 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,
     hotel management agreements, hotel leases 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 CHRI, Crestline, or their affiliates, or of a third
     party which provided proprietary information to CHRI or Crestline on a
     confidential basis. All such information, including any materials or
     documents containing such information, shall be considered by CHRI and Mr.
     Trice as proprietary and confidential (the "Proprietary Information").

(b)  Exclusions.  Notwithstanding the foregoing, Proprietary Information shall
     ----------
     not include (i) information disseminated by CHRI, Crestline or their
     affiliates 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. Trice or any other person; or (iii) general hotel industry knowledge,
     expertise, contacts, know-how and experience developed by Mr. Trice prior
     to the date hereof.

(c)  Obligations.  Both during and after the Employment Period, Mr. Trice 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. Trice shall not (i)
     disclose or disseminate the Proprietary Information to any third party,
     including employees of CHRI, Crestline or their affiliates without a
     legitimate business need to know; (ii) remove the Proprietary Information
     from the premises of CHRI, Crestline or their affiliates without a valid
     business purpose; or (iii) use the Proprietary Information for his own
     benefit or for the benefit of any third party, including, but not limited
     to, Stormont Trice Development Corporation.

(d)  Return of Proprietary Information.  Mr. Trice acknowledges and agrees that
     ---------------------------------
     all the Proprietary Information used or generated during the course of
     working for CHRI or Crestline is the property of CHRI or Crestline,
     respectively.  Mr. Trice agrees to deliver to CHRI or Crestline all
     documents and other tangibles (including diskettes and other storage

                                      -9-
<PAGE>

     media) containing the Proprietary Information at any time upon request by
     the President and Chief Executive Officer of Crestline during his
     employment and immediately upon termination of his employment.

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

(a)  Restriction on Competition.  During the Employment Period and the five (5)
     --------------------------
     year period following the expiration or termination of Mr. Trice's
     employment with CHRI for any reason (the "Restricted Period"), Mr. Trice
     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
     activities competitive with those of CHRI, Crestline or their affiliates.
     Notwithstanding the prohibition in the immediately preceding sentence, (i)
     following the later of Mr. Trice's termination of employment or the third
     anniversary of the Commencement Date, Mr. Trice may be employed by an
     entity in existence as of the Commencement Date engaged in activities that
     are competitive with CHRI, Crestline or their affiliates, (ii) Mr. Trice
     shall not be deemed to have violated this Section 8(a) by reason of his
     ownership of (A) shares in any public company, where Mr. Trice's
     shareholding is five percent (5%) or less of the shares then outstanding,
     or (B) shares or membership units in any corporation or limited liability
     company that is a party to the Asset Purchase Agreement, and (iii) in the
     event that CHRI, Crestline or their affiliates engage in real estate
     development, Mr. Trice shall not be precluded from engaging in real estate
     development activities, provided in all cases that Mr. Trice continues to
     comply with his other legal obligations to CHRI, Crestline and their
     affiliates, including without limitation his obligations pursuant to
     Sections 7 and 8(b) and (c) of this Agreement and the Entity Non-
     Competition Agreement. Specifically, this Section 8(a) will not prohibit
     Mr. Trice from (i) retaining an ownership interest in STDC, (ii) continuing
     to serve on STDC's Board of Directors, and (iii) working for STDC in any
     capacity following the termination or expiration of Mr. Trice's employment
     with CHRI for any reason (provided that Mr. Trice complies with this
     Section 8, and the Entity Non-Competition Agreement). Mr. Trice agrees that
     when he returns to become an employee or officer of STDC, he will not
     engage in any activities competitive with the business of CHRI, Crestline
     or their respective affiliates,

                                      -10-
<PAGE>

     except real estate development. Mr. Trice and CHRI acknowledge and agree
     that the restriction on competition contained in this Section 8 and the
     Entity Non-Competition Agreement have each been entered into by the parties
     in connection with the sale of certain management contracts, hotel leases
     and other assets pursuant to the Asset Purchase Agreement for and in
     consideration for a portion of the purchase price set forth therein.

(b)  Non-Solicitation of Clients. During the Restricted Period, Mr. Trice agrees
     ---------------------------
     that he will not, directly or indirectly, as an owner, employee,
     consultant, partner, principal, agent, representative, stockholder, or in
     any other individual, corporate or representative capacity, solicit any
     Client on behalf of a competitor of CHRI, Crestline or their affiliates or
     otherwise interfere with CHRI's, Crestline's or their affiliate's
     relationship with such client; provided, however that this Section 8(b)
     will not prohibit Mr. Trice from soliciting a client on behalf of STDC to
     the extent Mr. Trice otherwise complies with this Agreement, and the Entity
     Non-Competition Agreement. For purposes of this Agreement, a "Client" is
     any person or entity that (i) is a client of CHRI, Crestline or their
     affiliates and not already a client of STDC on the date of Mr. Trice's
     termination of employment, (ii) was a client of CHRI, Crestline or their
     affiliates and not already a client of STDC at any time during the one-year
     period preceding the date of Mr. Trice's termination of employment, or
     (iii) is, on the date of Mr. Trice's termination of employment, being
     solicited by CHRI, Crestline or their affiliates and not already solicited
     by STDC as a prospective client.

(c)  Non-Solicitation of Employees or Consultants. During the Restricted Period,
     --------------------------------------------
     Mr. Trice agrees that he will not, directly or indirectly, as an owner,
     employee, consultant, partner, principal, agent, representative,
     stockholder, or in any other individual, corporate or representative
     capacity, solicit or induce any employee or consultant who is employed by
     CHRI, Crestline, or an affiliate of either of them, on the date of Mr.
     Trice's termination of employment or at any time within the one-year period
     preceding the date of such termination to sever the employment or
     engagement of the employee or consultant with CHRI, Crestline or their
     affiliate, or accept employment with, or otherwise provide services to any
     person or entity engaged in activities competitive with

                                      -11-
<PAGE>

     those of CHRI, Crestline or their affiliates.

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

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

     Mr. Trice represents and warrants to CHRI 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.  CHRI
acknowledges and agrees that Mr. Trice's (i) ownership interest in STDC, (ii)
service on its Board of Directors during the Employment Period, and (iii) likely
return to employment with STDC at the termination of his employment with CHRI
are consistent with his obligations under this Agreement.

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

(a)  Any disputes between CHRI and Mr. Trice in any way concerning Mr. Trice'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 Georgia before a panel of three arbitrators
     pursuant to the Employment 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 with jurisdiction.

(b)  Notwithstanding the foregoing, CHRI, in its sole discretion, may bring an
     action in any court

                                      -12-
<PAGE>

     of competent jurisdiction to seek injunctive relief and such other relief
     as CHRI shall elect to enforce Mr. Trice'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 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 CHRI, to:
                    Crestline Hotels & Resorts, Inc.
                    c/o Crestline Capital Corporation
                    6600 Rockledge Drive, Suite 600
                    Bethesda, MD 20817

                    Attention:  General Counsel
                    Fax No. 240/694-2040

          (ii)  If to Mr. Trice, to:

                    Mr. Donald Trice
                    3595 Tuxedo Court
                    Atlanta, GA 30305

          With a copy to:

                    King & Spalding
                    191 Peachtree Street
                    Atlanta, GA 30303

                    Attention:  Robert Pennington
                    Fax No.  404/572-5148
                    Telephone No.  404/572-4600

          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

                                      -13-
<PAGE>

     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, the Non-Competition Agreement, and the
     ----------------
     Asset Purchase Agreement constitute the entire agreement between the
     parties and supersede 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 CHRI and Mr. Trice.

(e)  No Mitigation.  In the event that Mr. Trice is terminated pursuant to
     -------------
     Section 5 of this Agreement, Mr. Trice shall not be required to mitigate
     the amount of any termination payment provided for in this Agreement by
     seeking other employment or otherwise; nor shall the amount of any payment
     or benefit provided for in this Agreement be reduced by any compensation or
     income received by Mr. Trice in connection with his future employment.

(f)  Attorneys' Fees.  During the pendency of any controversy, claim or dispute
     ---------------
     under this Agreement, each party agrees to pay its own costs and expenses,
     including reasonable attorneys' fees. In the event that CHRI is the non-
     prevailing party in any litigation, arbitration or informal resolution
     regarding such controversy, claim or dispute, CHRI agrees that it shall
     promptly pay or reimburse Mr. Trice for all costs and expenses, including
     reasonable attorneys' fees, incurred in connection therewith.

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

(h)  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 CHRI may be merged or which
     may succeed to its assets or business or any entity to which CHRI may
     assign its rights and obligations under this Agreement; provided, however,
     that the obligations of Mr. Trice are personal and shall not be assigned or
     delegated by him.

                                      -14-
<PAGE>

(i)  Waiver.  No delays or omission by CHRI or Mr. Trice in exercising any right
     ------
     under this Agreement shall operate as a waiver of that or any other right.
     A waiver or consent given by CHRI or Mr. Trice on any one occasion shall be
     effective only in that instance and shall not be construed as a bar or
     waiver of any right on any other occasion.

(j)  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.

(k)  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.

(l)  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.

                                  CRESTLINE HOTELS & RESORTS, INC.

                                  By: ________________________________
                                      [Name]
                                      [Title]

                                    DONALD R. TRICE

                                    ________________________________

                                      -15-

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