0000915773-04-000033 Sample Contracts

EXECUTIVE SEVERANCE AGREEMENT
Executive Severance Agreement • May 10th, 2004 • Summit Properties Inc • Real estate investment trusts • North Carolina

AGREEMENT made as of this 8th day of December 2003 by and between Summit Properties Inc., a Maryland corporation with its principal place of business in Charlotte, North Carolina (the "Company"), and Todd Farrell (the "Executive").

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EMPLOYMENT AGREEMENT
Employment Agreement • May 10th, 2004 • Summit Properties Inc • Real estate investment trusts • North Carolina

THIS EMPLOYMENT AGREEMENT (the "Agreement"), is made and entered into on this 8 th day of December 2003, ("Effective Date") by and between Todd Farrell (the "Executive"), SUMMIT PROPERTIES INC., a Maryland corporation, and SUMMIT MANAGEMENT COMPANY, a Maryland corporation, Summit Properties Inc. and Summit Management Company are referred herein collectively as (the "Company");

NONCOMPETITION AGREEMENT
Noncompetition Agreement • May 10th, 2004 • Summit Properties Inc • Real estate investment trusts • North Carolina

THIS NONCOMPETITION AGREEMENT is entered into as of December 8, 2003 ("Effective Date") by and between Todd Farrell ("Executive"), SUMMIT PROPERTIES INC., a Maryland corporation, and SUMMIT MANAGEMENT COMPANY, a Maryland corporation.

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