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0000950133-03-000741 Sample Contracts

EXHIBIT 10.5 EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT (this "Agreement") made as of the 10th day of January, 2003 (the "Effective Date") by and between Bryce Blair ("Executive") and AvalonBay Communities, Inc., a Maryland corporation (the "Company")....
Employment Agreement • March 11th, 2003 • Avalonbay Communities Inc • Real estate investment trusts • Maryland
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Standard Contracts

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AND
Second Supplemental Indenture • March 11th, 2003 • Avalonbay Communities Inc • Real estate investment trusts • New York
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TO
Indenture • March 11th, 2003 • Avalonbay Communities Inc • Real estate investment trusts • New York
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AND
Third Supplemental Indenture • March 11th, 2003 • Avalonbay Communities Inc • Real estate investment trusts • New York
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50,000,000 of 6.250% Senior Notes due 2003 $50,000,000 of 6.500% Senior Notes due 2005 $50,000,000 of 6.625% Senior Notes due 2008
First Supplemental Indenture • March 11th, 2003 • Avalonbay Communities Inc • Real estate investment trusts • New York
Sample 1