0001035704-07-000356 Sample Contracts

FORM OF NON-QUALIFIED STOCK OPTION AGREEMENT (2007 Stock Award and Incentive Plan)
Non-Qualified Stock Option Agreement • May 4th, 2007 • Apartment Investment & Management Co • Real estate investment trusts • Maryland

NON-QUALIFIED STOCK OPTION AGREEMENT, dated as of (the “Agreement”), by and between Apartment Investment and Management Company, a Maryland corporation (the “Company”), and (the “Optionee”). Capitalized terms used but not otherwise defined in this Agreement shall have the respective meanings set forth in the Apartment Investment and Management Company 2007 Stock Award and Incentive Plan, as amended (the “Plan”).

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FORM OF RESTRICTED STOCK AGREEMENT (2007 Stock Award and Incentive Plan)
Restricted Stock Agreement • May 4th, 2007 • Apartment Investment & Management Co • Real estate investment trusts • Maryland

This RESTRICTED STOCK AGREEMENT, dated as of (the “Agreement”), by and between Apartment Investment and Management Company, a Maryland corporation (the “Company”), and (“Recipient”). Capitalized terms used but not otherwise defined in this Agreement shall have the respective meanings set forth in the Apartment Investment and Management Company 2007 Stock Award and Incentive Plan (the “Plan”).

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