0000077281-14-000038 Sample Contracts

PENNSYLVANIA REAL ESTATE INVESTMENT TRUST SECOND AMENDED AND RESTATED 2003 EQUITY INCENTIVE PLAN RESTRICTED SHARE UNIT AND DIVIDEND EQUIVALENT RIGHTS AWARD AGREEMENT ISSUED PURSUANT TO THE 2014-2016 RESTRICTED SHARE UNIT PROGRAM
Equivalent Rights Award Agreement • April 25th, 2014 • Pennsylvania Real Estate Investment Trust • Real estate investment trusts • Pennsylvania

This RESTRICTED SHARE UNIT AND DIVIDEND EQUIVALENT RIGHTS AWARD AGREEMENT (the “Award Agreement”), dated on the [26th] day of February, 2014, is between Pennsylvania Real Estate Investment Trust, a Pennsylvania business trust (the “Trust”), and _________________________________ (the “Grantee”), a “Key Employee” under the Pennsylvania Real Estate Investment Trust Second Amended and Restated 2003 Equity Incentive Plan (the “Plan”).

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