SEC Contract Filing

Filing Date: 2020-03-16

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d897811dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EMPLOYMENT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>THIS EMPLOYMENT AGREEMENT </B>(this &#147;<U>Agreement</U>&#148;), dated as of March&nbsp;11, 2020 is made by and between Colony Capital,
Inc., a Maryland corporation (&#147;CLNY&#148;), and Jacky Wu (the &#147;<U>Executive</U>&#148;). CLNY, together with its subsidiaries is hereinafter referred to as &#147;the Company,&#148; and where the context permits, references to &#147;the
Company&#148; shall include the Company and any successor to the Company. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, CLNY desires to enter into this Agreement with
the Executive, effective as of March&nbsp;23, 2020 ( the &#147;Effective Date&#148;), setting forth the terms by which the Executive will be employed by Colony Capital Operating Company, LLC or one of its subsidiaries (as applicable, the
&#147;<U>Operating Entity</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, in consideration of the foregoing premises, the mutual covenants, terms and
conditions set forth herein, and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>EMPLOYMENT TERM</U>.&nbsp;&nbsp;&nbsp;&nbsp;The Executive&#146;s employment under the terms and conditions
of this Agreement shall commence on the Effective Date and shall expire on the second anniversary of the Effective Date (the &#147;<U>Initial Term</U>&#148;); provided, however, that on the second anniversary of the Effective Date and on each
subsequent anniversary thereof, the term of this Agreement shall automatically be extended for an additional <FONT STYLE="white-space:nowrap">one-year</FONT> period (each a &#147;<U>Renewal Term</U>&#148;) unless, not later than 180 days prior to
the expiration of the Initial Term or the then- current Renewal Term, as applicable, either party provides written notice to the other party hereto that such extension shall not take effect (a
&#147;<U><FONT STYLE="white-space:nowrap">Non-Renewal</FONT> Notice</U>&#148;). The period during which the Executive is employed by the Company during the Initial Term and any Renewal Term pursuant to this Agreement is referred to herein as the
&#147;Employment Term&#148;. Notwithstanding anything set forth in this Section&nbsp;1 to the contrary, the Employment Term and the Executive&#146;s employment shall earlier terminate immediately upon the termination of the Executive&#146;s
employment pursuant to Section&nbsp;4 hereof. </P></TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>POSITION; REPORTING AND DUTIES; LOCATION</U>. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><U>Position and Reporting</U>. During the Employment Term, the Executive shall initially serve as the Executive
Vice President - Finance of CLNY. The Executive shall initially report directly to the Chief Financial Officer of CLNY. At such time that Marc C. Ganzi becomes the Chief Executive Officer of CLNY, the Executive shall thereafter serve as the Chief
Financial Officer of CLNY and report directly to the Chief Executive Officer, or at the direction of the Chief Executive Officer, to the President or a <FONT STYLE="white-space:nowrap">Co-President</FONT> of CLNY. </P></TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;<U>Duties and Responsibilities</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:9%; font-size:10pt; font-family:Times New Roman">(i)&nbsp;&nbsp;&nbsp;&nbsp;During the Employment Term, the Executive shall devote his full business time (excepting vacation
time, holidays, sick days and periods of disability) and attention to the performance of his duties hereunder, shall faithfully serve the Company and shall have no other employment which is undisclosed to the Company or which conflicts with his
duties under this Agreement; <U>provided</U>, <U>that</U>, nothing contained herein shall prohibit the Exe