EXHIBIT 10.5 EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT (this "AGREEMENT") made as of the 26th day of February, 2001 (the "EFFECTIVE DATE") by and between Timothy J. Naughton and AvalonBay Communities, Inc., a Maryland corporation (the "COMPANY")....Employment Agreement • March 29th, 2001 • Avalonbay Communities Inc • Real estate investment trusts • Maryland
February 26, 2001 Mr. Robert H. Slater 816 Emerald Drive Alexandria, VA 22308 Dear Mr. Slater: This letter agreement (the "Agreement") confirms the terms of the termination of Executive's employment with AvalonBay Communities, Inc. (the "Company," a...Employment Agreement • March 29th, 2001 • Avalonbay Communities Inc • Real estate investment trusts • Virginia
EXHIBIT 10.23 PROMISSORY NOTE AND PLEDGE AND SECURITY AGREEMENTPromissory Note and Pledge and Security Agreement • March 29th, 2001 • Avalonbay Communities Inc • Real estate investment trusts • Connecticut
