Common use of Additional Terms/Acknowledgements Clause in Contracts

Additional Terms/Acknowledgements. The undersigned Optionee acknowledges receipt of, and understands and agrees to, this Incentive Stock Option Agreement, including, without limitation, the Terms. Optionee further acknowledges receipt of a copy of the Plan. Optionee further acknowledges that as of the Date of Grant, this Incentive Stock Option Agreement, including, without limitation, the Terms, and the Plan set forth the entire understanding between Optionee and the Company regarding the Options described herein and supersede all prior oral and written agreements on that subject. AVALONBAY COMMUNITIES, INC. OPTIONHOLDER: By: Signature Signature Title: Name (Print): Date: Date: ATTACHMENT: Incentive Stock Option Agreement Terms AVALON BAY COMMUNITIES, INC. 1994 STOCK INCENTIVE PLAN, AS AMENDED AND RESTATED INCENTIVE STOCK OPTION AGREEMENT TERMS

Additional Terms/Acknowledgements. The undersigned Optionee acknowledges receipt of, and understands and agrees to, this Incentive Non-Qualified Stock Option Agreement, including, without limitation, the Terms. Optionee further acknowledges receipt of a copy of the Plan. Optionee further acknowledges that as of the Date of Grant, this Incentive Non-Qualified Stock Option Agreement, including, without limitation, the Terms, and the Plan set forth the entire understanding between Optionee and the Company regarding the Options described herein and supersede all prior oral and written agreements on that subject. AVALONBAY COMMUNITIES, INC. OPTIONHOLDER: By: Signature Signature Title: Name (Print): Date: Date: ATTACHMENT: Incentive Non-qualified Stock Option Agreement Terms AVALON BAY AVALONBAY COMMUNITIES, INC. 1994 STOCK INCENTIVE PLAN, AS AMENDED AND RESTATED INCENTIVE NON-QUALIFIED STOCK OPTION AGREEMENT TERMS