FORM OF AMENDMENT TO CHANGE OF CONTROL EMPLOYMENT AGREEMENTChange of Control Employment Agreement • May 8th, 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 [_________] (“Executive”) previously entered into a Change of Control Employment Agreement as originally effective [ ] [ ], 200[ ], and as thereafter amended and restated effective [ ] [ ], 2008 (the “Agreement”). Taubman, TRG and the Executive now amend the Agreement, effective [ ] [ ], 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:
