0000950144-09-001725 Sample Contracts

WESTON M. ANDRESS SEVERANCE AGREEMENT AND GENERAL RELEASE
Andress Severance Agreement and General Release • February 27th, 2009 • Colonial Properties Trust • Real estate investment trusts • Alabama

THIS SEVERANCE AGREEMENT AND GENERAL RELEASE (this “Agreement”), by and among COLONIAL PROPERTIES TRUST, COLONIAL PROPERTY SERVICES, INC. and WESTON M. ANDRESS (the “Employee”), an individual, is hereby entered into as of the 30th day of December, 2008.

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SEVERANCE AGREEMENT AND GENERAL RELEASE
Severance Agreement and General Release • February 27th, 2009 • Colonial Properties Trust • Real estate investment trusts • Alabama

In consideration of the undersigned parties’ mutual promises and agreements described below, Charles McGehee (“Employee”) and Colonial Properties Trust (“Colonial”) agree as follows:

CONSULTING AGREEMENT
Consulting Agreement • February 27th, 2009 • Colonial Properties Trust • Real estate investment trusts • Alabama

AGREEMENT made this 30th day of December, 2008 (the “Agreement”) among Colonial Properties Trust and Colonial Property Services, Inc. (collectively, “Colonial” or the “Company”) and Weston M. Andress (the “Consultant”). (Collectively referred to herein as the “Parties.”)

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