AMENDMENT TO CHANGE OF CONTROL EMPLOYMENT AGREEMENTChange of Control Employment Agreement • March 20th, 2014 • Taubman Centers Inc • Real estate investment trusts • Michigan
Taubman Centers, Inc., a Michigan corporation (together with its successors, “Taubman”), The Taubman Realty Group Limited Partnership, a Delaware limited partnership (together with its successors, “TRG”) and David Joseph (“Executive”) previously entered into a Change of Control Employment Agreement as originally effective April 29, 2013 (the “Agreement”). Taubman, TRG and the Executive now amend the Agreement, effective March 17, 2014, to replace the tax gross-up payment provisions contained in Section 8 of the Agreement with an alternative cap on parachutes, as reflected in the amendment of Section 8 as set forth below in this “Amendment.” Accordingly, Section 8 of the Agreement is amended to read as follows:
