SEC Contract Filing

Filing Date: 2016-11-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.30
<SEQUENCE>2
<FILENAME>fig-ex1030_2016930xq3.htm
<DESCRIPTION>EXHIBIT 10.30
<TEXT>
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<div><a name="s5C2EFCBCA45624CF6E8C2142704FEB4F"></a></div><div><div style="line-height:138%;padding-bottom:13px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div></div><div><br></div><div style="line-height:138%;padding-bottom:13px;padding-top:16px;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10.30</font></div><div style="line-height:138%;padding-bottom:13px;padding-top:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">FIG LLC </font><font style="font-family:inherit;font-size:10pt;">&#32;<br></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EMPLOYMENT, NON-COMPETITION AND NON-SOLICITATION AGREEMENT</font></div><div style="line-height:138%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">THIS EMPLOYMENT, NON-COMPETITION AND NON-SOLICITATION AGREEMENT </font><font style="font-family:inherit;font-size:10pt;">(together with the exhibits hereto, this &#8220;Agreement&#8221;) is entered into as of the third day of November, 2016, by and between FIG LLC, a Delaware limited liability company (the &#8220;Company&#8221;), and Peter L. Briger, Jr. (&#8220;Executive&#8221;).</font></div><div style="line-height:138%;padding-bottom:13px;padding-top:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">W I T N E S S E T H:</font></div><div style="line-height:138%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:10pt;">, the Company desires to secure the services of the Executive for the benefit of the Company and its &#8220;Affiliates&#8221; (as defined below) from and after the date hereof; and</font></div><div style="line-height:138%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">WHEREAS</font><font style="font-family:inherit;font-size:10pt;">, Executive desires to provide such services.</font></div><div style="line-height:138%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOW, THEREFORE</font><font style="font-family:inherit;font-size:10pt;">, in consideration of the mutual promises, covenants and agreements herein contained, together with other good and valuable consideration the receipt of which is hereby acknowledged, the parties hereto do hereby agree as follows:</font></div><div style="line-height:138%;padding-left:0px;padding-bottom:16px;text-align:justify;text-indent:48px;"><font style="padding-bottom:16px;text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">SERVICES AND DUTIES</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:138%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(a)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">General</font><font style="font-family:inherit;font-size:10pt;">. From and after January 1, 2017 (which shall be the &#8220;Effective Date&#8221; of this Agreement), Executive shall be employed by the Company in the capacity of Principal; in such capacity Executive shall be a member of the Company&#8217;s Management Committee. The principal location of Executive&#8217;s employment with the Company shall be the present location in which the Executive performs such services, although Executive understands and agrees that Executive may also be required to travel from time to time for business reasons. Executive shall be a full-time employee of the Company and shall dedicate all of Executive&#8217;s working time to the Company and its Affiliates and shall have no other employment and no other business ventures which are undisclosed to the Company or which conflict with Executive&#8217;s duties under this Agreement. Executive will perform such duties as are required by the Company from time to time and normally associated with Executive&#8217;s position, together with such additional duties, commensurate with Executive&#8217;s positions with the Company and with its Affiliates, as may be assigned to Executive from time to time by the Board of Directors of Fortress Investment Group LLC (the &#8220;Board&#8221;). Notwithstanding the foregoing, nothing herein shall prohibit Executive from (i) subject to prior approval of the Board, accepting directorships unrelated to the Company that do not give rise to any conflict of interests with the Company or its Affiliates and (ii) engaging in charitable and civic activities, so long as such outside interests do not interfere individually or in the aggregate with the performance of the Executive&#8217;s duties hereunder. The Company acknowledges and approves the current activities of the Executive.</font></div><div style="line-height:138%;padding-bottom:16px;text-align:justify;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(b)&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;t