  Let $\mathbf{A}$ be a bounded self-adjoint operator on a separable Hilbert
space $\mathfrak{H}$ and $\mathfrak{H}_0\subset\mathfrak{H}$ a closed invariant
subspace of $\mathbf{A}$. Assuming that $\sup\spec(A_0)\leq \inf\spec(A_1)$,
where $A_0$ and $A_1$ are restrictions of $\mathbf{A}$ onto the subspaces
$\mathfrak{H}_0$ and $\mathfrak{H}_1=\mathfrak{H}_0^\perp$, respectively, we
study the variation of the invariant subspace $\mathfrak{H}_0$ under bounded
self-adjoint perturbations $\mathbf{V}$ that are off-diagonal with respect to
the decomposition $\mathfrak{H} = \mathfrak{H}_0\oplus\mathfrak{H}_1$. We
obtain sharp two-sided estimates on the norm of the difference of the
orthogonal projections onto invariant subspaces of the operators $\mathbf{A}$
and $\mathbf{B}=\mathbf{A}+\mathbf{V}$. These results extend the celebrated
Davis-Kahan $\tan 2\Theta$ Theorem. On this basis we also prove new existence
and uniqueness theorems for contractive solutions to the operator Riccati
equation, thus, extending recent results of Adamyan, Langer, and Tretter.
