UMH PROPERTIES, INC. Amendment to Employment Agreement Samuel A. Landy EFFECTIVE JANUARY 1, 2012Employment Agreement • January 20th, 2012 • Umh Properties, Inc. • Real estate investment trusts
During the 2012 calendar year, Employee shall be awarded 25,000 shares of the Corporation’s Restricted Stock in accordance with the Corporation’s Stock Option Plan. In each subsequent calendar year of employment pursuant to the Agreement, Restricted Stock shall be awarded to Employee at the discretion of the Compensation Committee of the Board of Directors, and subject to approval of the Stock Option Committee.
