EXHIBIT 10.38 EMPLOYMENT AGREEMENT THIS EMPLOYMENT AGREEMENT (the "Agreement") is entered into May 21, 1996 between Ambassador Apartments, Inc., a Maryland corporation ("Employer") and the sole general partner of Ambassador Apartments, L.P. a Delaware...Employment Agreement • March 31st, 1997 • Ambassador Apartments Inc • Real estate investment trusts • Illinois
Exhibit 10.39 Resignation and Release This Agreement is entered into on December 20, 1996, between Richard F. Cavenaugh ("Executive") and Ambassador Apartments, Inc., a Maryland corporation (the "Company"). WHEREAS, Executive and the Company are...Resignation and Release Agreement • March 31st, 1997 • Ambassador Apartments Inc • Real estate investment trusts • Illinois
